Latvia Hydrogen Generation Market (2025-2031) | Outlook, Size, Analysis, Industry, Trends, Forecast, Share, Value, Growth, Segmentation, Companies & Revenue

Name: Latvia Hydrogen Generation Market (2025-2031) | Outlook Growth & Analysis
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Hydrogen Generation Market, Latvia Hydrogen Generation Market, Latvia Hydrogen Generation Market Revenues, Latvia Hydrogen Generation Market Share, Latvia Hydrogen Generation Market Size, Latvia Hydrogen Generation Market Outlook, Latvia Hydrogen Generation Market Report, Latvia Hydrogen Generation Market Competition, Latvia Hydrogen Generation Market Overview, Latvia Hydrogen Generation Market Trends, Latvia Hydrogen Generation Market Forecast

Market Forecast By Source (Blue Hydrogen, Green Hydrogen, Grey Hydrogen), By Technology (Steam Methane Reforming (SMR), Partial Oxidation (POX), Coal Gasification, Electrolysis), By Application (Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, Other Applications) And Competitive Landscape

Product Code: ETC4856150	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 Hydrogen Generation Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The hydrogen generation import shipments to Latvia in 2024 showcased a notable increase in concentration, with top exporting countries including Estonia, Czechia, Finland, Germany, and Lithuania. Despite a high Herfindahl-Hirschman Index (HHI) in 2023, the market continued to display a significant level of concentration in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 12.51%, highlighting a robust expansion in the sector. Moreover, the growth rate from 2023 to 2024 was recorded at 6.5%, indicating a steady upward trajectory in hydrogen import shipments to Latvia.

Latvia Hydrogen Generation Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Hydrogen Generation Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

The Hydrogen Generation market in Latvia is projected to grow at a stable growth rate of 3.56% 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.

Hydrogen Generation Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

Latvia Hydrogen Generation Market Outlook
Market Size of Latvia Hydrogen Generation Market, 2024
Forecast of Latvia Hydrogen Generation Market, 2031
Historical Data and Forecast of Latvia Hydrogen Generation Revenues & Volume for the Period 2021-2031
Latvia Hydrogen Generation Market Trend Evolution
Latvia Hydrogen Generation Market Drivers and Challenges
Latvia Hydrogen Generation Price Trends
Latvia Hydrogen Generation Porter`s Five Forces
Latvia Hydrogen Generation Industry Life Cycle
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Source for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Blue Hydrogen for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Green Hydrogen for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Grey Hydrogen for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Steam Methane Reforming (SMR) for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Partial Oxidation (POX) for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Coal Gasification for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Electrolysis for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Petroleum Refinery for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Ammonia Production for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Methanol Production for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Transportation for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Power Generation for the Period 2021-2031
Historical Data and Forecast of Latvia Hydrogen Generation Market Revenues & Volume By Other Applications for the Period 2021-2031
Latvia Hydrogen Generation Import Export Trade Statistics
Market Opportunity Assessment By Source
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Application
Latvia Hydrogen Generation Top Companies Market Share
Latvia Hydrogen Generation Competitive Benchmarking By Technical and Operational Parameters
Latvia Hydrogen Generation Company Profiles
Latvia Hydrogen Generation Key Strategic Recommendations

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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 Generation Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Hydrogen Generation Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Hydrogen Generation Market - Industry Life Cycle

3.4 Latvia Hydrogen Generation Market - Porter's Five Forces

3.5 Latvia Hydrogen Generation Market Revenues & Volume Share, By Source, 2021 & 2031F

3.6 Latvia Hydrogen Generation Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 Latvia Hydrogen Generation Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Hydrogen Generation Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on renewable energy sources and sustainability initiatives in Latvia

4.2.2 Government support and investments in hydrogen infrastructure development

4.2.3 Growing demand for clean energy solutions in various industries

4.3 Market Restraints

4.3.1 High initial investment cost for hydrogen generation infrastructure

4.3.2 Lack of widespread awareness and understanding of hydrogen technology

4.3.3 Limited availability of hydrogen refueling stations in Latvia

5 Latvia Hydrogen Generation Market Trends

6 Latvia Hydrogen Generation Market Segmentations

6.1 Latvia Hydrogen Generation Market, By Source

6.1.1 Overview and Analysis

6.1.2 Latvia Hydrogen Generation Market Revenues & Volume, By Blue Hydrogen, 2021-2031F

6.1.3 Latvia Hydrogen Generation Market Revenues & Volume, By Green Hydrogen, 2021-2031F

6.1.4 Latvia Hydrogen Generation Market Revenues & Volume, By Grey Hydrogen, 2021-2031F

6.2 Latvia Hydrogen Generation Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Latvia Hydrogen Generation Market Revenues & Volume, By Steam Methane Reforming (SMR), 2021-2031F

6.2.3 Latvia Hydrogen Generation Market Revenues & Volume, By Partial Oxidation (POX), 2021-2031F

6.2.4 Latvia Hydrogen Generation Market Revenues & Volume, By Coal Gasification, 2021-2031F

6.2.5 Latvia Hydrogen Generation Market Revenues & Volume, By Electrolysis, 2021-2031F

6.3 Latvia Hydrogen Generation Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Hydrogen Generation Market Revenues & Volume, By Petroleum Refinery, 2021-2031F

6.3.3 Latvia Hydrogen Generation Market Revenues & Volume, By Ammonia Production, 2021-2031F

6.3.4 Latvia Hydrogen Generation Market Revenues & Volume, By Methanol Production, 2021-2031F

6.3.5 Latvia Hydrogen Generation Market Revenues & Volume, By Transportation, 2021-2031F

6.3.6 Latvia Hydrogen Generation Market Revenues & Volume, By Power Generation, 2021-2031F

6.3.7 Latvia Hydrogen Generation Market Revenues & Volume, By Other Applications, 2021-2031F

7 Latvia Hydrogen Generation Market Import-Export Trade Statistics

7.1 Latvia Hydrogen Generation Market Export to Major Countries

7.2 Latvia Hydrogen Generation Market Imports from Major Countries

8 Latvia Hydrogen Generation Market Key Performance Indicators

8.1 Number of hydrogen refueling stations in Latvia

8.2 Investment in hydrogen infrastructure projects

8.3 Percentage of energy generated from hydrogen in Latvia's total energy mix

8.4 Number of partnerships between government and private sectors for hydrogen projects

8.5 Number of hydrogen-powered vehicles in operation in Latvia

9 Latvia Hydrogen Generation Market - Opportunity Assessment

9.1 Latvia Hydrogen Generation Market Opportunity Assessment, By Source, 2021 & 2031F

9.2 Latvia Hydrogen Generation Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 Latvia Hydrogen Generation Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Hydrogen Generation Market - Competitive Landscape

10.1 Latvia Hydrogen Generation Market Revenue Share, By Companies, 2024

10.2 Latvia Hydrogen Generation Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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