| Product Code: ETC4822501 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s hydrogen compressor import shipments saw significant growth in 2024, with top exporters being Germany, Denmark, Poland, Estonia, and Sweden. The market experienced a shift towards high concentration, indicating increased dominance of key players. Despite a negative CAGR from 2020 to 2024, the growth rate in 2024 surged by 27.78%, showcasing a potential rebound in the market. This data suggests a dynamic and competitive landscape for hydrogen compressor imports in Latvia, with key players from neighboring countries driving the market forward.

The Hydrogen Compressor market in Latvia is projected to grow at a stable growth rate of 3.15% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Hydrogen Compressor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Hydrogen Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Hydrogen Compressor Market - Industry Life Cycle |
3.4 Latvia Hydrogen Compressor Market - Porter's Five Forces |
3.5 Latvia Hydrogen Compressor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Hydrogen Compressor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Hydrogen Compressor Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Hydrogen Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for hydrogen as a clean energy source |
4.2.2 Government initiatives and investments in hydrogen infrastructure |
4.2.3 Growing focus on reducing carbon emissions and achieving sustainability goals |
4.3 Market Restraints |
4.3.1 High initial investment costs for hydrogen compressor systems |
4.3.2 Lack of established hydrogen infrastructure in Latvia |
4.3.3 Technical challenges in hydrogen compression and storage |
5 Latvia Hydrogen Compressor Market Trends |
6 Latvia Hydrogen Compressor Market Segmentations |
6.1 Latvia Hydrogen Compressor Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Hydrogen Compressor Market Revenues & Volume, By Single-stage, 2021-2031F |
6.1.3 Latvia Hydrogen Compressor Market Revenues & Volume, By Multistage, 2021-2031F |
6.2 Latvia Hydrogen Compressor Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Hydrogen Compressor Market Revenues & Volume, By Oil-based, 2021-2031F |
6.2.3 Latvia Hydrogen Compressor Market Revenues & Volume, By Oil-free, 2021-2031F |
6.3 Latvia Hydrogen Compressor Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Hydrogen Compressor Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.3 Latvia Hydrogen Compressor Market Revenues & Volume, By Oil and Gas, 2021-2031F |
6.3.4 Latvia Hydrogen Compressor Market Revenues & Volume, By Automotive and Transportation, 2021-2031F |
6.3.5 Latvia Hydrogen Compressor Market Revenues & Volume, By Renewable Energy, 2021-2031F |
6.3.6 Latvia Hydrogen Compressor Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 Latvia Hydrogen Compressor Market Import-Export Trade Statistics |
7.1 Latvia Hydrogen Compressor Market Export to Major Countries |
7.2 Latvia Hydrogen Compressor Market Imports from Major Countries |
8 Latvia Hydrogen Compressor Market Key Performance Indicators |
8.1 Number of hydrogen refueling stations in Latvia |
8.2 Capacity utilization rate of existing hydrogen compressor systems |
8.3 Percentage of renewable energy sources used in hydrogen production |
9 Latvia Hydrogen Compressor Market - Opportunity Assessment |
9.1 Latvia Hydrogen Compressor Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Hydrogen Compressor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Hydrogen Compressor Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Hydrogen Compressor Market - Competitive Landscape |
10.1 Latvia Hydrogen Compressor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Hydrogen Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |