| Product Code: ETC4925443 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely on imports of domestic boilers, with top suppliers being Austria, Turkey, Czechia, Lithuania, and Croatia. Despite the diverse sources, the market remained moderately fragmented, as indicated by the low Herfindahl-Hirschman Index (HHI) concentration. The compound annual growth rate (CAGR) for the period 2020-2024 was negative at -1.86%, with a significant decline in growth rate from 2023 to 2024 at -14.1%. These figures suggest a challenging landscape for the domestic boiler market in Latvia, with potential implications for industry players and consumers.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Domestic Boiler Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Domestic Boiler Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Domestic Boiler Market - Industry Life Cycle |
3.4 Latvia Domestic Boiler Market - Porter's Five Forces |
3.5 Latvia Domestic Boiler Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Domestic Boiler Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Domestic Boiler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in residential buildings |
4.2.2 Growing demand for replacement of old boilers with more efficient models |
4.2.3 Government initiatives promoting the use of renewable energy sources in heating systems |
4.3 Market Restraints |
4.3.1 High initial cost of installing new boilers |
4.3.2 Fluctuating raw material prices affecting manufacturing costs |
4.3.3 Limited consumer awareness about the benefits of modern boiler technologies |
5 Latvia Domestic Boiler Market Trends |
6 Latvia Domestic Boiler Market Segmentations |
6.1 Latvia Domestic Boiler Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Domestic Boiler Market Revenues & Volume, By Non-Condensing Boilers, 2021-2031F |
6.1.3 Latvia Domestic Boiler Market Revenues & Volume, By Condensing Boilers, 2021-2031F |
6.2 Latvia Domestic Boiler Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Domestic Boiler Market Revenues & Volume, By Home, 2021-2031F |
6.2.3 Latvia Domestic Boiler Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Domestic Boiler Market Import-Export Trade Statistics |
7.1 Latvia Domestic Boiler Market Export to Major Countries |
7.2 Latvia Domestic Boiler Market Imports from Major Countries |
8 Latvia Domestic Boiler Market Key Performance Indicators |
8.1 Average age of installed boilers in residential buildings |
8.2 Number of government incentives or subsidies for energy-efficient heating systems |
8.3 Percentage of households using renewable energy sources for heating |
9 Latvia Domestic Boiler Market - Opportunity Assessment |
9.1 Latvia Domestic Boiler Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Domestic Boiler Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Domestic Boiler Market - Competitive Landscape |
10.1 Latvia Domestic Boiler Market Revenue Share, By Companies, 2024 |
10.2 Latvia Domestic Boiler Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |