| Product Code: ETC5552918 | 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`s industrial sensors import market saw a diverse range of sources, with Germany, Poland, Finland, Denmark, and Canada emerging as the top exporters. The low Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was robust at 10.96%, showcasing sustained demand. However, there was a slight decline in growth rate from 2023 to 2024 at -1.18%, suggesting potential market fluctuations that warrant monitoring and strategic planning for stakeholders in the industrial sensors 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 Sensors Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Industrial Sensors Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Industrial Sensors Market - Industry Life Cycle |
3.4 Latvia Industrial Sensors Market - Porter's Five Forces |
3.5 Latvia Industrial Sensors Market Revenues & Volume Share, By Sensor Type , 2021 & 2031F |
3.6 Latvia Industrial Sensors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Industrial Sensors Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Latvia Industrial Sensors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of Industrial Internet of Things (IIoT) technologies in manufacturing processes |
4.2.2 Growing demand for automation and smart manufacturing solutions in Latvia |
4.2.3 Government initiatives to promote Industry 4.0 and digitalization in the industrial sector |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing sensor technologies in industrial settings |
4.3.2 Lack of skilled workforce to effectively utilize and maintain industrial sensor systems |
4.3.3 Data security and privacy concerns related to the use of sensors in industrial environments |
5 Latvia Industrial Sensors Market Trends |
6 Latvia Industrial Sensors Market Segmentations |
6.1 Latvia Industrial Sensors Market, By Sensor Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Industrial Sensors Market Revenues & Volume, By Pressure Sensors, 2021-2031F |
6.1.3 Latvia Industrial Sensors Market Revenues & Volume, By Position Sensors, 2021-2031F |
6.1.4 Latvia Industrial Sensors Market Revenues & Volume, By Level Sensors, 2021-2031F |
6.1.5 Latvia Industrial Sensors Market Revenues & Volume, By Gas Sensors, 2021-2031F |
6.1.6 Latvia Industrial Sensors Market Revenues & Volume, By Temperature Sensors, 2021-2031F |
6.1.7 Latvia Industrial Sensors Market Revenues & Volume, By Image Sensors, 2021-2031F |
6.2 Latvia Industrial Sensors Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Industrial Sensors Market Revenues & Volume, By Contact, 2021-2031F |
6.2.3 Latvia Industrial Sensors Market Revenues & Volume, By Non-contact, 2021-2031F |
6.3 Latvia Industrial Sensors Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Industrial Sensors Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 Latvia Industrial Sensors Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 Latvia Industrial Sensors Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.5 Latvia Industrial Sensors Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3.6 Latvia Industrial Sensors Market Revenues & Volume, By Mining, 2021-2031F |
6.3.7 Latvia Industrial Sensors Market Revenues & Volume, By Energy & Power, 2021-2031F |
7 Latvia Industrial Sensors Market Import-Export Trade Statistics |
7.1 Latvia Industrial Sensors Market Export to Major Countries |
7.2 Latvia Industrial Sensors Market Imports from Major Countries |
8 Latvia Industrial Sensors Market Key Performance Indicators |
8.1 Percentage increase in the number of IIoT projects implemented in Latvia |
8.2 Average downtime reduction in manufacturing facilities using industrial sensors |
8.3 Energy efficiency improvement rate in industries adopting sensor-based technologies. |
9 Latvia Industrial Sensors Market - Opportunity Assessment |
9.1 Latvia Industrial Sensors Market Opportunity Assessment, By Sensor Type , 2021 & 2031F |
9.2 Latvia Industrial Sensors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Industrial Sensors Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Latvia Industrial Sensors Market - Competitive Landscape |
10.1 Latvia Industrial Sensors Market Revenue Share, By Companies, 2024 |
10.2 Latvia Industrial Sensors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |