| Product Code: ETC5560233 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia saw a continued high concentration of infrared thermography imports, with top exporting countries being the USA, China, Germany, Poland, and Belgium. Despite a modest compound annual growth rate (CAGR) of 1.74% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -32.44%. This fluctuation indicates a potential shift in market dynamics or external factors impacting the import landscape for infrared thermography products in Latvia. Stakeholders should closely monitor these trends for strategic decision-making.
| 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 Infrared Thermography Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Infrared Thermography Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Infrared Thermography Market - Industry Life Cycle | 
| 3.4 Latvia Infrared Thermography Market - Porter's Five Forces | 
| 3.5 Latvia Infrared Thermography Market Revenues & Volume Share, By Application , 2021 & 2031F | 
| 3.6 Latvia Infrared Thermography Market Revenues & Volume Share, By Building Type , 2021 & 2031F | 
| 3.7 Latvia Infrared Thermography Market Revenues & Volume Share, By Platform , 2021 & 2031F | 
| 4 Latvia Infrared Thermography Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for non-destructive testing methods in various industries | 
| 4.2.2 Growing focus on preventive maintenance in commercial and residential buildings | 
| 4.2.3 Technological advancements leading to the development of more efficient and cost-effective infrared thermography solutions | 
| 4.3 Market Restraints | 
| 4.3.1 High initial investment and maintenance costs associated with infrared thermography equipment | 
| 4.3.2 Lack of skilled professionals and expertise in operating and interpreting infrared thermography data | 
| 4.3.3 Limited awareness and adoption of infrared thermography technology in certain industries | 
| 5 Latvia Infrared Thermography Market Trends | 
| 6 Latvia Infrared Thermography Market Segmentations | 
| 6.1 Latvia Infrared Thermography Market, By Application | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Infrared Thermography Market Revenues & Volume, By Energy Auditing, 2021-2031F | 
| 6.1.3 Latvia Infrared Thermography Market Revenues & Volume, By Building Performance, 2021-2031F | 
| 6.1.4 Latvia Infrared Thermography Market Revenues & Volume, By Others, 2021-2031F | 
| 6.2 Latvia Infrared Thermography Market, By Building Type | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Infrared Thermography Market Revenues & Volume, By Residential, 2021-2031F | 
| 6.2.3 Latvia Infrared Thermography Market Revenues & Volume, By Commercial, 2021-2031F | 
| 6.3 Latvia Infrared Thermography Market, By Platform | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 Latvia Infrared Thermography Market Revenues & Volume, By Hardware, 2021-2031F | 
| 6.3.3 Latvia Infrared Thermography Market Revenues & Volume, By Software, 2021-2031F | 
| 7 Latvia Infrared Thermography Market Import-Export Trade Statistics | 
| 7.1 Latvia Infrared Thermography Market Export to Major Countries | 
| 7.2 Latvia Infrared Thermography Market Imports from Major Countries | 
| 8 Latvia Infrared Thermography Market Key Performance Indicators | 
| 8.1 Number of certified infrared thermographers in Latvia | 
| 8.2 Rate of adoption of infrared thermography in key industries | 
| 8.3 Percentage of maintenance cost savings achieved through the use of infrared thermography | 
| 8.4 Number of new infrared thermography technology developments implemented in the market | 
| 8.5 Frequency of infrared thermography training sessions conducted in Latvia | 
| 9 Latvia Infrared Thermography Market - Opportunity Assessment | 
| 9.1 Latvia Infrared Thermography Market Opportunity Assessment, By Application , 2021 & 2031F | 
| 9.2 Latvia Infrared Thermography Market Opportunity Assessment, By Building Type , 2021 & 2031F | 
| 9.3 Latvia Infrared Thermography Market Opportunity Assessment, By Platform , 2021 & 2031F | 
| 10 Latvia Infrared Thermography Market - Competitive Landscape | 
| 10.1 Latvia Infrared Thermography Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Infrared Thermography Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |