Latvia Grid Scale Stationary Battery Storage Market (2025-2031) | Investment Trends, Demand, Growth, Companies, Size, Competitive, Strategic Insights, Opportunities, Segments, Industry, Outlook, Analysis, Strategy, Share, Value, Challenges, Drivers, Competition, Restraints, Consumer Insights, Trends, Supply, Segmentation, Pricing Analysis, Forecast, Revenue
Market Forecast By Battery Type (Lithium-Iron Phosphate, Nickel-Cadmium, Sodium-Sulfur), By Capacity (5-50 MWh, 50-500 MWh, Above 500 MWh), By Deployment Type (Standalone, Integrated, Hybrid), By Application (Renewable Grid Support, Voltage Regulation, Emergency Backup), By Industry (Utility, Industrial, Commercial) And Competitive Landscape
| Product Code: ETC12388981 | 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 | |
Latvia Grid Scale Stationary Battery Storage Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s import of grid-scale stationary battery storage devices in 2024 saw shipments primarily coming from Finland, Lithuania, Sweden, Germany, and the Netherlands. The market remained competitive, with a low concentration level indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at 1.55%, reflecting steady growth in the sector. However, there was a decline in the growth rate from 2023 to 2024, showing a decrease of -15.25%, which could be attributed to various market factors or temporary fluctuations in demand.
Key Highlights of the Report:
- Latvia Grid Scale Stationary Battery Storage Market Outlook
- Market Size of Latvia Grid Scale Stationary Battery Storage Market,2024
- Forecast of Latvia Grid Scale Stationary Battery Storage Market, 2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Revenues & Volume for the Period 2021-2031
- Latvia Grid Scale Stationary Battery Storage Market Trend Evolution
- Latvia Grid Scale Stationary Battery Storage Market Drivers and Challenges
- Latvia Grid Scale Stationary Battery Storage Price Trends
- Latvia Grid Scale Stationary Battery Storage Porter's Five Forces
- Latvia Grid Scale Stationary Battery Storage Industry Life Cycle
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Battery Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Lithium-Iron Phosphate for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Nickel-Cadmium for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Sodium-Sulfur for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Capacity for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By 5-50 MWh for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By 50-500 MWh for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Above 500 MWh for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Deployment Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Standalone for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Integrated for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Hybrid for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Renewable Grid Support for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Voltage Regulation for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Emergency Backup for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Industry for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Utility for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Industrial for the Period 2021-2031
- Historical Data and Forecast of Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume By Commercial for the Period 2021-2031
- Latvia Grid Scale Stationary Battery Storage Import Export Trade Statistics
- Market Opportunity Assessment By Battery Type
- Market Opportunity Assessment By Capacity
- Market Opportunity Assessment By Deployment Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Industry
- Latvia Grid Scale Stationary Battery Storage Top Companies Market Share
- Latvia Grid Scale Stationary Battery Storage Competitive Benchmarking By Technical and Operational Parameters
- Latvia Grid Scale Stationary Battery Storage Company Profiles
- Latvia Grid Scale Stationary Battery Storage Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Grid Scale Stationary Battery Storage Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Grid Scale Stationary Battery Storage Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Grid Scale Stationary Battery Storage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Grid Scale Stationary Battery Storage Market - Industry Life Cycle |
3.4 Latvia Grid Scale Stationary Battery Storage Market - Porter's Five Forces |
3.5 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.7 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.8 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Latvia Grid Scale Stationary Battery Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy integration in Latvia |
4.2.2 Government initiatives and policies promoting energy storage solutions |
4.2.3 Growing demand for grid stability and reliability |
4.3 Market Restraints |
4.3.1 High initial investment costs for grid scale stationary battery storage systems |
4.3.2 Lack of standardized regulations and frameworks for energy storage in Latvia |
4.3.3 Limited awareness and understanding of the benefits of battery storage among stakeholders |
5 Latvia Grid Scale Stationary Battery Storage Market Trends |
6 Latvia Grid Scale Stationary Battery Storage Market, By Types |
6.1 Latvia Grid Scale Stationary Battery Storage Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Battery Type, 2021 - 2031F |
6.1.3 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Lithium-Iron Phosphate, 2021 - 2031F |
6.1.4 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Nickel-Cadmium, 2021 - 2031F |
6.1.5 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Sodium-Sulfur, 2021 - 2031F |
6.2 Latvia Grid Scale Stationary Battery Storage Market, By Capacity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By 5-50 MWh, 2021 - 2031F |
6.2.3 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By 50-500 MWh, 2021 - 2031F |
6.2.4 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Above 500 MWh, 2021 - 2031F |
6.3 Latvia Grid Scale Stationary Battery Storage Market, By Deployment Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Standalone, 2021 - 2031F |
6.3.3 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Integrated, 2021 - 2031F |
6.3.4 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.4 Latvia Grid Scale Stationary Battery Storage Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Renewable Grid Support, 2021 - 2031F |
6.4.3 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Voltage Regulation, 2021 - 2031F |
6.4.4 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Emergency Backup, 2021 - 2031F |
6.5 Latvia Grid Scale Stationary Battery Storage Market, By Industry |
6.5.1 Overview and Analysis |
6.5.2 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Utility, 2021 - 2031F |
6.5.3 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5.4 Latvia Grid Scale Stationary Battery Storage Market Revenues & Volume, By Commercial, 2021 - 2031F |
7 Latvia Grid Scale Stationary Battery Storage Market Import-Export Trade Statistics |
7.1 Latvia Grid Scale Stationary Battery Storage Market Export to Major Countries |
7.2 Latvia Grid Scale Stationary Battery Storage Market Imports from Major Countries |
8 Latvia Grid Scale Stationary Battery Storage Market Key Performance Indicators |
8.1 Average daily electricity demand fluctuations |
8.2 Number of grid-scale battery storage projects in development or implementation phase |
8.3 Frequency and duration of grid outages that could have been mitigated by battery storage solutions |
9 Latvia Grid Scale Stationary Battery Storage Market - Opportunity Assessment |
9.1 Latvia Grid Scale Stationary Battery Storage Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 Latvia Grid Scale Stationary Battery Storage Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.3 Latvia Grid Scale Stationary Battery Storage Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.4 Latvia Grid Scale Stationary Battery Storage Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Latvia Grid Scale Stationary Battery Storage Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Latvia Grid Scale Stationary Battery Storage Market - Competitive Landscape |
10.1 Latvia Grid Scale Stationary Battery Storage Market Revenue Share, By Companies, 2024 |
10.2 Latvia Grid Scale Stationary Battery Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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