| Product Code: ETC5588296 | 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 |
In 2024, Latvia`s import shipments of harmonic filters saw a shift in concentration from high to moderate, indicating a more diversified market. Top exporting countries include Poland, Turkey, Germany, Hungary, and Estonia, reflecting strong trade relationships. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-2024 remained robust at 15.92%. This suggests a steady demand for harmonic filters in Latvia, with potential for further market expansion and development in the coming years.

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 Harmonic Filter Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Harmonic Filter Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Harmonic Filter Market - Industry Life Cycle |
3.4 Latvia Harmonic Filter Market - Porter's Five Forces |
3.5 Latvia Harmonic Filter Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.6 Latvia Harmonic Filter Market Revenues & Volume Share, By Voltage Level , 2021 & 2031F |
3.7 Latvia Harmonic Filter Market Revenues & Volume Share, By Phase, 2021 & 2031F |
3.8 Latvia Harmonic Filter Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Harmonic Filter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and power quality improvements in Latvia |
4.2.2 Growing adoption of renewable energy sources leading to the need for harmonic mitigation solutions |
4.2.3 Stringent regulations and standards mandating the use of harmonic filters in industrial and commercial sectors |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the installation of harmonic filters |
4.3.2 Lack of awareness and understanding about the benefits of harmonic filters among end-users |
4.3.3 Economic uncertainties impacting the willingness of businesses to invest in power quality solutions |
5 Latvia Harmonic Filter Market Trends |
6 Latvia Harmonic Filter Market Segmentations |
6.1 Latvia Harmonic Filter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Harmonic Filter Market Revenues & Volume, By Active, 2021-2031F |
6.1.3 Latvia Harmonic Filter Market Revenues & Volume, By Passive, 2021-2031F |
6.2 Latvia Harmonic Filter Market, By Voltage Level |
6.2.1 Overview and Analysis |
6.2.2 Latvia Harmonic Filter Market Revenues & Volume, By Low Voltage Harmonic, 2021-2031F |
6.2.3 Latvia Harmonic Filter Market Revenues & Volume, By Medium Voltage Harmonic, 2021-2031F |
6.2.4 Latvia Harmonic Filter Market Revenues & Volume, By High Voltage Harmonic, 2021-2031F |
6.3 Latvia Harmonic Filter Market, By Phase |
6.3.1 Overview and Analysis |
6.3.2 Latvia Harmonic Filter Market Revenues & Volume, By 1-Phase, 2021-2031F |
6.3.3 Latvia Harmonic Filter Market Revenues & Volume, By 3-Phase, 2021-2031F |
6.4 Latvia Harmonic Filter Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Harmonic Filter Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.3 Latvia Harmonic Filter Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Latvia Harmonic Filter Market Revenues & Volume, By Residential, 2021-2031F |
7 Latvia Harmonic Filter Market Import-Export Trade Statistics |
7.1 Latvia Harmonic Filter Market Export to Major Countries |
7.2 Latvia Harmonic Filter Market Imports from Major Countries |
8 Latvia Harmonic Filter Market Key Performance Indicators |
8.1 Power factor improvement rate |
8.2 Number of new renewable energy installations |
8.3 Compliance rate with regulatory requirements on harmonic distortion levels |
8.4 Adoption rate of energy efficiency measures in industrial and commercial sectors |
8.5 Number of reported power quality issues related to harmonics |
9 Latvia Harmonic Filter Market - Opportunity Assessment |
9.1 Latvia Harmonic Filter Market Opportunity Assessment, By Type , 2021 & 2031F |
9.2 Latvia Harmonic Filter Market Opportunity Assessment, By Voltage Level , 2021 & 2031F |
9.3 Latvia Harmonic Filter Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.4 Latvia Harmonic Filter Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Harmonic Filter Market - Competitive Landscape |
10.1 Latvia Harmonic Filter Market Revenue Share, By Companies, 2024 |
10.2 Latvia Harmonic Filter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |