| Product Code: ETC7912978 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see significant imports of high voltage cables, with the top exporting countries being Germany, Moldova, Lithuania, Estonia, and Sweden. Despite the high Herfindahl-Hirschman Index (HHI) indicating concentration in the market, the compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 15.78%. However, there was a slight decrease in the growth rate from 2023 to 2024 at -4.08%, suggesting potential market adjustments. Overall, the data reflects a dynamic landscape for high voltage cable imports in Latvia, with key players contributing to the market`s growth and development.

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 High Voltage Cable Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia High Voltage Cable Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia High Voltage Cable Market - Industry Life Cycle |
3.4 Latvia High Voltage Cable Market - Porter's Five Forces |
3.5 Latvia High Voltage Cable Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.6 Latvia High Voltage Cable Market Revenues & Volume Share, By Voltage Type, 2021 & 2031F |
3.7 Latvia High Voltage Cable Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia High Voltage Cable Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Latvia |
4.2.2 Growing investments in renewable energy projects |
4.2.3 Government initiatives to upgrade and expand the electricity transmission infrastructure |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting production costs |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Competition from alternative technologies such as wireless energy transmission |
5 Latvia High Voltage Cable Market Trends |
6 Latvia High Voltage Cable Market, By Types |
6.1 Latvia High Voltage Cable Market, By Installation |
6.1.1 Overview and Analysis |
6.1.2 Latvia High Voltage Cable Market Revenues & Volume, By Installation, 2021- 2031F |
6.1.3 Latvia High Voltage Cable Market Revenues & Volume, By Overhead, 2021- 2031F |
6.1.4 Latvia High Voltage Cable Market Revenues & Volume, By Underground, 2021- 2031F |
6.1.5 Latvia High Voltage Cable Market Revenues & Volume, By Submarine, 2021- 2031F |
6.2 Latvia High Voltage Cable Market, By Voltage Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia High Voltage Cable Market Revenues & Volume, By 50kV-110kV, 2021- 2031F |
6.2.3 Latvia High Voltage Cable Market Revenues & Volume, By 115kV-330kV, 2021- 2031F |
6.2.4 Latvia High Voltage Cable Market Revenues & Volume, By More than 330kV, 2021- 2031F |
6.3 Latvia High Voltage Cable Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia High Voltage Cable Market Revenues & Volume, By Industrial, 2021- 2031F |
6.3.3 Latvia High Voltage Cable Market Revenues & Volume, By Renewable Energy, 2021- 2031F |
6.3.4 Latvia High Voltage Cable Market Revenues & Volume, By Infrastructure, 2021- 2031F |
7 Latvia High Voltage Cable Market Import-Export Trade Statistics |
7.1 Latvia High Voltage Cable Market Export to Major Countries |
7.2 Latvia High Voltage Cable Market Imports from Major Countries |
8 Latvia High Voltage Cable Market Key Performance Indicators |
8.1 Number of new renewable energy projects in Latvia |
8.2 Average capacity utilization rate of high voltage cable manufacturing facilities in the country |
8.3 Percentage of government budget allocated to infrastructure development in the energy sector |
9 Latvia High Voltage Cable Market - Opportunity Assessment |
9.1 Latvia High Voltage Cable Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.2 Latvia High Voltage Cable Market Opportunity Assessment, By Voltage Type, 2021 & 2031F |
9.3 Latvia High Voltage Cable Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia High Voltage Cable Market - Competitive Landscape |
10.1 Latvia High Voltage Cable Market Revenue Share, By Companies, 2024 |
10.2 Latvia High Voltage Cable 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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