| Product Code: ETC10612597 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia saw consistent import shipments of HVDC cables with a low concentration of Herfindahl-Hirschman Index (HHI), indicating a competitive market. Poland, China, Hong Kong, Lithuania, and Germany emerged as key exporting countries, showcasing a diverse supply chain. Despite a minimal compound annual growth rate (CAGR) of 0.12% from 2020 to 2024, a noticeable decline in growth rate of -21.12% from 2023 to 2024 suggests a recent market adjustment. Monitoring these trends will be crucial for stakeholders navigating the dynamic landscape of HVDC cables imports in Latvia.

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 HVDC Cables Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia HVDC Cables Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia HVDC Cables Market - Industry Life Cycle |
3.4 Latvia HVDC Cables Market - Porter's Five Forces |
3.5 Latvia HVDC Cables Market Revenues & Volume Share, By Cable Type, 2021 & 2031F |
3.6 Latvia HVDC Cables Market Revenues & Volume Share, By Voltage Rating, 2021 & 2031F |
3.7 Latvia HVDC Cables Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia HVDC Cables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Latvia, driving the need for efficient transmission infrastructure like HVDC cables. |
4.2.2 Government initiatives and investments in upgrading the country's power grid and infrastructure. |
4.2.3 Growing adoption of electric vehicles and the need for reliable energy transmission solutions to support charging infrastructure. |
4.3 Market Restraints |
4.3.1 High initial costs associated with HVDC cable installation and infrastructure development. |
4.3.2 Regulatory challenges and uncertainties in the energy sector impacting investment decisions. |
4.3.3 Limited technological expertise and skilled labor in the HVDC cable market in Latvia. |
5 Latvia HVDC Cables Market Trends |
6 Latvia HVDC Cables Market, By Types |
6.1 Latvia HVDC Cables Market, By Cable Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia HVDC Cables Market Revenues & Volume, By Cable Type, 2021 - 2031F |
6.1.3 Latvia HVDC Cables Market Revenues & Volume, By Overhead Cables, 2021 - 2031F |
6.1.4 Latvia HVDC Cables Market Revenues & Volume, By Underground Cables, 2021 - 2031F |
6.1.5 Latvia HVDC Cables Market Revenues & Volume, By Submarine Cables, 2021 - 2031F |
6.2 Latvia HVDC Cables Market, By Voltage Rating |
6.2.1 Overview and Analysis |
6.2.2 Latvia HVDC Cables Market Revenues & Volume, By Below 320 kV, 2021 - 2031F |
6.2.3 Latvia HVDC Cables Market Revenues & Volume, By 320-500 kV, 2021 - 2031F |
6.2.4 Latvia HVDC Cables Market Revenues & Volume, By Above 500 kV, 2021 - 2031F |
6.3 Latvia HVDC Cables Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Latvia HVDC Cables Market Revenues & Volume, By Power Transmission, 2021 - 2031F |
6.3.3 Latvia HVDC Cables Market Revenues & Volume, By Grid Integration, 2021 - 2031F |
6.3.4 Latvia HVDC Cables Market Revenues & Volume, By Offshore Wind Farms, 2021 - 2031F |
7 Latvia HVDC Cables Market Import-Export Trade Statistics |
7.1 Latvia HVDC Cables Market Export to Major Countries |
7.2 Latvia HVDC Cables Market Imports from Major Countries |
8 Latvia HVDC Cables Market Key Performance Indicators |
8.1 Average project completion time for HVDC cable installations. |
8.2 Percentage increase in renewable energy capacity connected through HVDC cables. |
8.3 Number of new HVDC cable projects approved or initiated in Latvia. |
8.4 Rate of technological advancements and innovations in HVDC cable technology. |
8.5 Customer satisfaction levels with HVDC cable performance and reliability. |
9 Latvia HVDC Cables Market - Opportunity Assessment |
9.1 Latvia HVDC Cables Market Opportunity Assessment, By Cable Type, 2021 & 2031F |
9.2 Latvia HVDC Cables Market Opportunity Assessment, By Voltage Rating, 2021 & 2031F |
9.3 Latvia HVDC Cables Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia HVDC Cables Market - Competitive Landscape |
10.1 Latvia HVDC Cables Market Revenue Share, By Companies, 2024 |
10.2 Latvia HVDC Cables 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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