| Product Code: ETC11850613 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The electric vehicle relay import shipments to Latvia in 2024 saw a significant increase in diversity, with top exporting countries being Hungary, Poland, Lithuania, Denmark, and Finland. The market concentration, as measured by the HHI, shifted from high in 2023 to moderate in 2024, indicating a more balanced distribution of imports. Despite a negative CAGR of -25.5% from 2020 to 2024, the growth rate in 2024 surged by 66.05%, suggesting a potential upturn in the Latvian electric vehicle relay market. This shift in dynamics signifies evolving trends and opportunities for market players in the region.

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 Electric Vehicle Relay Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electric Vehicle Relay Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electric Vehicle Relay Market - Industry Life Cycle |
3.4 Latvia Electric Vehicle Relay Market - Porter's Five Forces |
3.5 Latvia Electric Vehicle Relay Market Revenues & Volume Share, By Relay Type, 2021 & 2031F |
3.6 Latvia Electric Vehicle Relay Market Revenues & Volume Share, By Features, 2021 & 2031F |
3.7 Latvia Electric Vehicle Relay Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Electric Vehicle Relay Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Latvia Electric Vehicle Relay Market Revenues & Volume Share, By Voltage Rating, 2021 & 2031F |
4 Latvia Electric Vehicle Relay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and incentives promoting electric vehicle adoption in Latvia |
4.2.2 Growing environmental awareness and focus on reducing carbon emissions |
4.2.3 Advancements in electric vehicle technology leading to higher demand for electric vehicle relays |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles and related components, including relays |
4.3.2 Limited charging infrastructure for electric vehicles in Latvia |
4.3.3 Concerns about the range and battery life of electric vehicles impacting consumer adoption |
5 Latvia Electric Vehicle Relay Market Trends |
6 Latvia Electric Vehicle Relay Market, By Types |
6.1 Latvia Electric Vehicle Relay Market, By Relay Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electric Vehicle Relay Market Revenues & Volume, By Relay Type, 2021 - 2031F |
6.1.3 Latvia Electric Vehicle Relay Market Revenues & Volume, By High Voltage Relays, 2021 - 2031F |
6.1.4 Latvia Electric Vehicle Relay Market Revenues & Volume, By Solid-State Relays, 2021 - 2031F |
6.1.5 Latvia Electric Vehicle Relay Market Revenues & Volume, By Electromechanical Relays, 2021 - 2031F |
6.1.6 Latvia Electric Vehicle Relay Market Revenues & Volume, By Contactless Relays, 2021 - 2031F |
6.2 Latvia Electric Vehicle Relay Market, By Features |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electric Vehicle Relay Market Revenues & Volume, By Efficient Power Switching, 2021 - 2031F |
6.2.3 Latvia Electric Vehicle Relay Market Revenues & Volume, By Longer Lifespan, 2021 - 2031F |
6.2.4 Latvia Electric Vehicle Relay Market Revenues & Volume, By Cost-Effective, 2021 - 2031F |
6.2.5 Latvia Electric Vehicle Relay Market Revenues & Volume, By Low Maintenance, 2021 - 2031F |
6.3 Latvia Electric Vehicle Relay Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electric Vehicle Relay Market Revenues & Volume, By Battery Packs, 2021 - 2031F |
6.3.3 Latvia Electric Vehicle Relay Market Revenues & Volume, By Power Distribution, 2021 - 2031F |
6.3.4 Latvia Electric Vehicle Relay Market Revenues & Volume, By HVAC Systems, 2021 - 2031F |
6.3.5 Latvia Electric Vehicle Relay Market Revenues & Volume, By Autonomous EVs, 2021 - 2031F |
6.4 Latvia Electric Vehicle Relay Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Electric Vehicle Relay Market Revenues & Volume, By EV Manufacturers, 2021 - 2031F |
6.4.3 Latvia Electric Vehicle Relay Market Revenues & Volume, By Automotive OEMs, 2021 - 2031F |
6.4.4 Latvia Electric Vehicle Relay Market Revenues & Volume, By EV HVAC Suppliers, 2021 - 2031F |
6.4.5 Latvia Electric Vehicle Relay Market Revenues & Volume, By Self-Driving Car Manufacturers, 2021 - 2031F |
6.5 Latvia Electric Vehicle Relay Market, By Voltage Rating |
6.5.1 Overview and Analysis |
6.5.2 Latvia Electric Vehicle Relay Market Revenues & Volume, By 400-800V, 2021 - 2031F |
6.5.3 Latvia Electric Vehicle Relay Market Revenues & Volume, By 48-400V, 2021 - 2031F |
6.5.4 Latvia Electric Vehicle Relay Market Revenues & Volume, By 12-48V, 2021 - 2031F |
6.5.5 Latvia Electric Vehicle Relay Market Revenues & Volume, By Variable Voltage, 2021 - 2031F |
7 Latvia Electric Vehicle Relay Market Import-Export Trade Statistics |
7.1 Latvia Electric Vehicle Relay Market Export to Major Countries |
7.2 Latvia Electric Vehicle Relay Market Imports from Major Countries |
8 Latvia Electric Vehicle Relay Market Key Performance Indicators |
8.1 Number of public charging stations for electric vehicles in Latvia |
8.2 Percentage of electric vehicles registered in Latvia compared to total vehicle registrations |
8.3 Investment in research and development for electric vehicle relay technology |
9 Latvia Electric Vehicle Relay Market - Opportunity Assessment |
9.1 Latvia Electric Vehicle Relay Market Opportunity Assessment, By Relay Type, 2021 & 2031F |
9.2 Latvia Electric Vehicle Relay Market Opportunity Assessment, By Features, 2021 & 2031F |
9.3 Latvia Electric Vehicle Relay Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Electric Vehicle Relay Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 Latvia Electric Vehicle Relay Market Opportunity Assessment, By Voltage Rating, 2021 & 2031F |
10 Latvia Electric Vehicle Relay Market - Competitive Landscape |
10.1 Latvia Electric Vehicle Relay Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electric Vehicle Relay Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |