| Product Code: ETC5772767 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a significant increase in the concentration of industrial air compressor import shipments, with Poland, Germany, Lithuania, China, and Sweden emerging as the top exporting countries. Despite a slight decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained positive at 5.88%. The shift towards high concentration suggests a more competitive market landscape, potentially driven by evolving trade dynamics and market forces. It will be crucial for market players to adapt to these changes to maintain competitiveness in the Latvian industrial air compressor sector.

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 Industrial Air Compressor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Industrial Air Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Industrial Air Compressor Market - Industry Life Cycle |
3.4 Latvia Industrial Air Compressor Market - Porter's Five Forces |
3.5 Latvia Industrial Air Compressor Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Industrial Air Compressor Market Revenues & Volume Share, By Output Power, 2021 & 2031F |
3.7 Latvia Industrial Air Compressor Market Revenues & Volume Share, By Seal, 2021 & 2031F |
3.8 Latvia Industrial Air Compressor Market Revenues & Volume Share, By Coolant Type, 2021 & 2031F |
3.9 Latvia Industrial Air Compressor Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Industrial Air Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for industrial air compressors in various sectors such as manufacturing, construction, and automotive industries. |
4.2.2 Growing focus on energy efficiency and sustainability, leading to the adoption of advanced and eco-friendly air compressor technologies. |
4.2.3 Infrastructure development projects driving the demand for industrial air compressors in Latvia. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the manufacturing cost of air compressors. |
4.3.2 Economic uncertainties and fluctuations affecting investment decisions in industrial equipment. |
4.3.3 Competition from alternative technologies such as electric motors and hydraulic systems posing a challenge to the growth of the industrial air compressor market. |
5 Latvia Industrial Air Compressor Market Trends |
6 Latvia Industrial Air Compressor Market Segmentations |
6.1 Latvia Industrial Air Compressor Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Industrial Air Compressor Market Revenues & Volume, By Positive Displacement, 2021-2031F |
6.1.3 Latvia Industrial Air Compressor Market Revenues & Volume, By Dynamic, 2021-2031F |
6.2 Latvia Industrial Air Compressor Market, By Output Power |
6.2.1 Overview and Analysis |
6.2.2 Latvia Industrial Air Compressor Market Revenues & Volume, By Up to 50 kW, 2021-2031F |
6.2.3 Latvia Industrial Air Compressor Market Revenues & Volume, By 51? ??250 kW, 2021-2031F |
6.2.4 Latvia Industrial Air Compressor Market Revenues & Volume, By 251? ??500 kW, 2021-2031F |
6.2.5 Latvia Industrial Air Compressor Market Revenues & Volume, By Above 500 kW, 2021-2031F |
6.3 Latvia Industrial Air Compressor Market, By Seal |
6.3.1 Overview and Analysis |
6.3.2 Latvia Industrial Air Compressor Market Revenues & Volume, By Oil-flooded, 2021-2031F |
6.3.3 Latvia Industrial Air Compressor Market Revenues & Volume, By Oil-free, 2021-2031F |
6.4 Latvia Industrial Air Compressor Market, By Coolant Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Industrial Air Compressor Market Revenues & Volume, By Air-Cooled, 2021-2031F |
6.4.3 Latvia Industrial Air Compressor Market Revenues & Volume, By Water-Cooled, 2021-2031F |
6.5 Latvia Industrial Air Compressor Market, By End-user Industry |
6.5.1 Overview and Analysis |
6.5.2 Latvia Industrial Air Compressor Market Revenues & Volume, By Chemicals & Petrochemicals, 2021-2031F |
6.5.3 Latvia Industrial Air Compressor Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.5.4 Latvia Industrial Air Compressor Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.5.5 Latvia Industrial Air Compressor Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.5.6 Latvia Industrial Air Compressor Market Revenues & Volume, By ? Construction, 2021-2031F |
6.5.7 Latvia Industrial Air Compressor Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.5.8 Latvia Industrial Air Compressor Market Revenues & Volume, By Power Generation, 2021-2031F |
6.5.9 Latvia Industrial Air Compressor Market Revenues & Volume, By Power Generation, 2021-2031F |
7 Latvia Industrial Air Compressor Market Import-Export Trade Statistics |
7.1 Latvia Industrial Air Compressor Market Export to Major Countries |
7.2 Latvia Industrial Air Compressor Market Imports from Major Countries |
8 Latvia Industrial Air Compressor Market Key Performance Indicators |
8.1 Energy efficiency ratings of industrial air compressors used in Latvia. |
8.2 Adoption rate of eco-friendly air compressor technologies in the market. |
8.3 Utilization rate of industrial air compressors in key sectors like manufacturing and construction. |
8.4 Average maintenance and downtime periods for industrial air compressors in Latvia. |
8.5 Rate of adoption of smart technologies and IoT integration in industrial air compressor systems. |
9 Latvia Industrial Air Compressor Market - Opportunity Assessment |
9.1 Latvia Industrial Air Compressor Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Industrial Air Compressor Market Opportunity Assessment, By Output Power, 2021 & 2031F |
9.3 Latvia Industrial Air Compressor Market Opportunity Assessment, By Seal, 2021 & 2031F |
9.4 Latvia Industrial Air Compressor Market Opportunity Assessment, By Coolant Type, 2021 & 2031F |
9.5 Latvia Industrial Air Compressor Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Industrial Air Compressor Market - Competitive Landscape |
10.1 Latvia Industrial Air Compressor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Industrial Air Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |