| Product Code: ETC10610293 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The HVAC heating, ventilation, and air conditioning equipment import shipments to Latvia in 2024 continued to see steady growth, with top exporting countries being China, Lithuania, Sweden, Estonia, and Belgium. Despite moderate concentration, the market maintained a healthy growth rate, with a CAGR of 13.43% from 2020 to 2024. The slight growth rate of 1.02% from 2023 to 2024 indicates a stable trajectory for the industry, showcasing continued demand for HVAC equipment in Latvia.
ventilation
and air conditioning equipment market
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 HVAC Heating, Ventilation, and Air Conditioning Equipment Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Industry Life Cycle |
3.4 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Porter's Five Forces |
3.5 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient HVAC systems due to rising awareness about environmental sustainability and cost savings. |
4.2.2 Growing construction activities in Latvia driving the demand for HVAC equipment in new buildings. |
4.2.3 Technological advancements leading to the development of smart HVAC systems, increasing their adoption in the market. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of HVAC equipment. |
4.3.2 Regulatory challenges and compliance requirements related to energy efficiency standards. |
4.3.3 Seasonal fluctuations in demand for HVAC equipment due to varying weather conditions in Latvia. |
5 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Trends |
6 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Types |
6.1 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Equipment Type, 2021 - 2031F |
6.1.3 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Heating Units, 2021 - 2031F |
6.1.4 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Ventilation Units, 2021 - 2031F |
6.1.5 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Air Conditioning Units, 2021 - 2031F |
6.1.6 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Air Purification Units, 2021 - 2031F |
6.2 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Geothermal Systems, 2021 - 2031F |
6.2.3 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Solar HVAC Systems, 2021 - 2031F |
6.2.4 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By VRF Systems, 2021 - 2031F |
6.2.5 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Hybrid HVAC Systems, 2021 - 2031F |
6.3 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.3 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.4 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Import-Export Trade Statistics |
7.1 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Export to Major Countries |
7.2 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Imports from Major Countries |
8 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC equipment being introduced in the market. |
8.2 Number of new construction permits issued in Latvia, indicating potential demand for HVAC systems. |
8.3 Adoption rate of smart HVAC systems in residential and commercial buildings in Latvia. |
9 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Opportunity Assessment |
9.1 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Competitive Landscape |
10.1 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenue Share, By Companies, 2024 |
10.2 Latvia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |