| Product Code: ETC5766649 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The import shipments of electrical SCADA systems to Latvia saw a notable shift in 2024, with top exporting countries being Denmark, Germany, Sweden, Lithuania, and Finland. The market displayed low concentration levels in 2023, which further decreased to very low concentration in 2024, indicating a more diversified import market. With a strong CAGR of 11.53% from 2020 to 2024, the industry experienced a significant downturn in growth rate from 2023 to 2024 at -24.47%. These changes suggest a dynamic and evolving landscape for electrical SCADA imports in Latvia.
| 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 Electrical SCADA Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Electrical SCADA Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Electrical SCADA Market - Industry Life Cycle | 
| 3.4 Latvia Electrical SCADA Market - Porter's Five Forces | 
| 3.5 Latvia Electrical SCADA Market Revenues & Volume Share, By Architecture, 2021 & 2031F | 
| 3.6 Latvia Electrical SCADA Market Revenues & Volume Share, By Component, 2021 & 2031F | 
| 3.7 Latvia Electrical SCADA Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Electrical SCADA Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing adoption of automation in industries leading to higher demand for SCADA systems | 
| 4.2.2 Growing focus on energy efficiency and sustainability driving the need for advanced monitoring and control systems like SCADA | 
| 4.2.3 Government initiatives and regulations promoting the use of SCADA systems in critical infrastructure sectors | 
| 4.3 Market Restraints | 
| 4.3.1 High initial investment and implementation costs of SCADA systems | 
| 4.3.2 Lack of skilled professionals to operate and maintain SCADA systems effectively | 
| 4.3.3 Concerns regarding cybersecurity risks associated with SCADA systems | 
| 5 Latvia Electrical SCADA Market Trends | 
| 6 Latvia Electrical SCADA Market Segmentations | 
| 6.1 Latvia Electrical SCADA Market, By Architecture | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Electrical SCADA Market Revenues & Volume, By Hardware, 2021-2031F | 
| 6.1.3 Latvia Electrical SCADA Market Revenues & Volume, By Software, 2021-2031F | 
| 6.1.4 Latvia Electrical SCADA Market Revenues & Volume, By Services, 2021-2031F | 
| 6.2 Latvia Electrical SCADA Market, By Component | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Electrical SCADA Market Revenues & Volume, By Master Terminal unit, 2021-2031F | 
| 6.2.3 Latvia Electrical SCADA Market Revenues & Volume, By Remote Terminal unit, 2021-2031F | 
| 6.2.4 Latvia Electrical SCADA Market Revenues & Volume, By Human Machine Interface, 2021-2031F | 
| 6.3 Latvia Electrical SCADA Market, By Application | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 Latvia Electrical SCADA Market Revenues & Volume, By Generation, 2021-2031F | 
| 6.3.3 Latvia Electrical SCADA Market Revenues & Volume, By Transmission, 2021-2031F | 
| 6.3.4 Latvia Electrical SCADA Market Revenues & Volume, By Distribution, 2021-2031F | 
| 7 Latvia Electrical SCADA Market Import-Export Trade Statistics | 
| 7.1 Latvia Electrical SCADA Market Export to Major Countries | 
| 7.2 Latvia Electrical SCADA Market Imports from Major Countries | 
| 8 Latvia Electrical SCADA Market Key Performance Indicators | 
| 8.1 Percentage increase in the number of industries implementing SCADA systems | 
| 8.2 Average energy savings achieved by companies using SCADA systems | 
| 8.3 Number of cybersecurity incidents reported in relation to SCADA systems | 
| 8.4 Rate of adoption of SCADA systems in critical infrastructure sectors | 
| 8.5 Percentage increase in the number of training programs for SCADA professionals | 
| 9 Latvia Electrical SCADA Market - Opportunity Assessment | 
| 9.1 Latvia Electrical SCADA Market Opportunity Assessment, By Architecture, 2021 & 2031F | 
| 9.2 Latvia Electrical SCADA Market Opportunity Assessment, By Component, 2021 & 2031F | 
| 9.3 Latvia Electrical SCADA Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Electrical SCADA Market - Competitive Landscape | 
| 10.1 Latvia Electrical SCADA Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Electrical SCADA Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |