| Product Code: ETC11921653 | 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 | |
In 2024, Latvia saw an increase in electronically commutated motor import shipments, with top exporters being China, Lithuania, USA, Germany, and Poland. The market concentration shifted from low to moderate, indicating a more competitive landscape. The impressive compound annual growth rate (CAGR) of 19.4% from 2020 to 2024 highlights the growing demand for these motors. Additionally, the growth rate of 3.31% from 2023 to 2024 suggests a steady upward trajectory in the market. This data indicates a promising outlook for electronically commutated motor 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 Electronically Commutated Motor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electronically Commutated Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electronically Commutated Motor Market - Industry Life Cycle |
3.4 Latvia Electronically Commutated Motor Market - Porter's Five Forces |
3.5 Latvia Electronically Commutated Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Electronically Commutated Motor Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.7 Latvia Electronically Commutated Motor Market Revenues & Volume Share, By Speed Range, 2021 & 2031F |
3.8 Latvia Electronically Commutated Motor Market Revenues & Volume Share, By Control Type, 2021 & 2031F |
3.9 Latvia Electronically Commutated Motor Market Revenues & Volume Share, By Mounting Type, 2021 & 2031F |
4 Latvia Electronically Commutated Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Electronically Commutated Motor Market Trends |
6 Latvia Electronically Commutated Motor Market, By Types |
6.1 Latvia Electronically Commutated Motor Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electronically Commutated Motor Market Revenues & Volume, By Application, 2021 - 2031F |
6.1.3 Latvia Electronically Commutated Motor Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.1.4 Latvia Electronically Commutated Motor Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.1.5 Latvia Electronically Commutated Motor Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.1.6 Latvia Electronically Commutated Motor Market Revenues & Volume, By Aerospace and Defense, 2021 - 2031F |
6.1.7 Latvia Electronically Commutated Motor Market Revenues & Volume, By Medical, 2021 - 2031F |
6.2 Latvia Electronically Commutated Motor Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electronically Commutated Motor Market Revenues & Volume, By Less than 100W, 2021 - 2031F |
6.2.3 Latvia Electronically Commutated Motor Market Revenues & Volume, By 100W to 1kW, 2021 - 2031F |
6.2.4 Latvia Electronically Commutated Motor Market Revenues & Volume, By 1kW to 10kW, 2021 - 2031F |
6.2.5 Latvia Electronically Commutated Motor Market Revenues & Volume, By More than 10kW, 2021 - 2031F |
6.3 Latvia Electronically Commutated Motor Market, By Speed Range |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electronically Commutated Motor Market Revenues & Volume, By Less than 1000 RPM, 2021 - 2031F |
6.3.3 Latvia Electronically Commutated Motor Market Revenues & Volume, By 1000 to 3000 RPM, 2021 - 2031F |
6.3.4 Latvia Electronically Commutated Motor Market Revenues & Volume, By 3000 to 6000 RPM, 2021 - 2031F |
6.3.5 Latvia Electronically Commutated Motor Market Revenues & Volume, By More than 6000 RPM, 2021 - 2031F |
6.4 Latvia Electronically Commutated Motor Market, By Control Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Electronically Commutated Motor Market Revenues & Volume, By Brushed, 2021 - 2031F |
6.4.3 Latvia Electronically Commutated Motor Market Revenues & Volume, By Brushless, 2021 - 2031F |
6.4.4 Latvia Electronically Commutated Motor Market Revenues & Volume, By Sensorless, 2021 - 2031F |
6.4.5 Latvia Electronically Commutated Motor Market Revenues & Volume, By Field-Oriented Control (FOC), 2021 - 2031F |
6.5 Latvia Electronically Commutated Motor Market, By Mounting Type |
6.5.1 Overview and Analysis |
6.5.2 Latvia Electronically Commutated Motor Market Revenues & Volume, By Flange Mount, 2021 - 2031F |
6.5.3 Latvia Electronically Commutated Motor Market Revenues & Volume, By Foot Mount, 2021 - 2031F |
6.5.4 Latvia Electronically Commutated Motor Market Revenues & Volume, By Shaft Mount, 2021 - 2031F |
6.5.5 Latvia Electronically Commutated Motor Market Revenues & Volume, By Trunnion Mount, 2021 - 2031F |
7 Latvia Electronically Commutated Motor Market Import-Export Trade Statistics |
7.1 Latvia Electronically Commutated Motor Market Export to Major Countries |
7.2 Latvia Electronically Commutated Motor Market Imports from Major Countries |
8 Latvia Electronically Commutated Motor Market Key Performance Indicators |
9 Latvia Electronically Commutated Motor Market - Opportunity Assessment |
9.1 Latvia Electronically Commutated Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Electronically Commutated Motor Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.3 Latvia Electronically Commutated Motor Market Opportunity Assessment, By Speed Range, 2021 & 2031F |
9.4 Latvia Electronically Commutated Motor Market Opportunity Assessment, By Control Type, 2021 & 2031F |
9.5 Latvia Electronically Commutated Motor Market Opportunity Assessment, By Mounting Type, 2021 & 2031F |
10 Latvia Electronically Commutated Motor Market - Competitive Landscape |
10.1 Latvia Electronically Commutated Motor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electronically Commutated Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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