| Product Code: ETC5682992 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of gas detection equipment to Latvia in 2024 show significant growth, with top exporting countries being China, Germany, Poland, Finland, and Estonia. The increased concentration level, transitioning from moderate to high in HHI, indicates a more competitive market landscape. The impressive CAGR of 30.04% from 2020 to 2024 highlights the growing demand for gas detection equipment in Latvia. Moreover, the remarkable growth rate of 50.45% from 2023 to 2024 underscores the rapid expansion of this market segment, suggesting lucrative opportunities for both domestic and international suppliers.

The Gas Detection Equipment market in Latvia is projected to grow at a stable growth rate of 0.43% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Gas Detection Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Gas Detection Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Gas Detection Equipment Market - Industry Life Cycle |
3.4 Latvia Gas Detection Equipment Market - Porter's Five Forces |
3.5 Latvia Gas Detection Equipment Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Gas Detection Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Gas Detection Equipment Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Gas Detection Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent regulations and standards for workplace safety in Latvia |
4.2.2 Increasing awareness about the importance of gas detection equipment in various industries |
4.2.3 Growing focus on environmental protection and monitoring in Latvia |
4.3 Market Restraints |
4.3.1 Economic downturn impacting investments in new equipment |
4.3.2 High initial costs associated with purchasing and installing gas detection equipment |
4.3.3 Limited adoption in certain industries due to lack of awareness or perceived low risk |
5 Latvia Gas Detection Equipment Market Trends |
6 Latvia Gas Detection Equipment Market Segmentations |
6.1 Latvia Gas Detection Equipment Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Gas Detection Equipment Market Revenues & Volume, By Fixed Gas System, 2021-2031F | 6.1.4 Latvia Gas Detection Equipment Market Revenues & Volume, By Portable Gas System, 2021-2031F |
6.2 Latvia Gas Detection Equipment Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Gas Detection Equipment Market Revenues & Volume, By Single-Gas Detection, 2021-2031F |
6.2.3 Latvia Gas Detection Equipment Market Revenues & Volume, By Multi-Gas Detection, 2021-2031F |
6.3 Latvia Gas Detection Equipment Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Latvia Gas Detection Equipment Market Revenues & Volume, By Household, 2021-2031F |
6.3.3 Latvia Gas Detection Equipment Market Revenues & Volume, By Commercial, 2021-2031F |
6.3.4 Latvia Gas Detection Equipment Market Revenues & Volume, By Industrial, 2021-2031F |
7 Latvia Gas Detection Equipment Market Import-Export Trade Statistics |
7.1 Latvia Gas Detection Equipment Market Export to Major Countries |
7.2 Latvia Gas Detection Equipment Market Imports from Major Countries |
8 Latvia Gas Detection Equipment Market Key Performance Indicators |
8.1 Number of workplace accidents related to gas exposure in Latvia |
8.2 Percentage of industries compliant with gas detection equipment regulations |
8.3 Adoption rate of gas detection equipment in high-risk industries such as mining or oil gas sector |
9 Latvia Gas Detection Equipment Market - Opportunity Assessment |
9.1 Latvia Gas Detection Equipment Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Gas Detection Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Gas Detection Equipment Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Gas Detection Equipment Market - Competitive Landscape |
10.1 Latvia Gas Detection Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia Gas Detection Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |