| Product Code: ETC5572602 | 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 shift in the import dynamics of intelligent power modules, with top exporters being Metropolitan France, Germany, Estonia, Poland, and Netherlands. The market showed a move from high to moderate concentration levels, indicating increased diversification. However, the industry experienced a significant decline in growth, with a CAGR of -18.56% from 2020 to 2024 and a sharp decrease of -59.78% from 2023 to 2024. These fluctuations suggest a challenging market environment that requires strategic adaptation for both Latvian importers and foreign exporters.

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 Intelligent Power Module Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Intelligent Power Module Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Intelligent Power Module Market - Industry Life Cycle |
3.4 Latvia Intelligent Power Module Market - Porter's Five Forces |
3.5 Latvia Intelligent Power Module Market Revenues & Volume Share, By Voltage Rating , 2021 & 2031F |
3.6 Latvia Intelligent Power Module Market Revenues & Volume Share, By Circuit Configuration , 2021 & 2031F |
3.7 Latvia Intelligent Power Module Market Revenues & Volume Share, By Power Devices , 2021 & 2031F |
3.8 Latvia Intelligent Power Module Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.9 Latvia Intelligent Power Module Market Revenues & Volume Share, By Current Rating, 2021 & 2031F |
4 Latvia Intelligent Power Module Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions in various industries |
4.2.2 Growing adoption of IoT and smart devices |
4.2.3 Government initiatives to promote renewable energy sources |
4.3 Market Restraints |
4.3.1 High initial investment costs for intelligent power modules |
4.3.2 Lack of skilled professionals for installation and maintenance |
4.3.3 Limited awareness about the benefits of intelligent power modules |
5 Latvia Intelligent Power Module Market Trends |
6 Latvia Intelligent Power Module Market Segmentations |
6.1 Latvia Intelligent Power Module Market, By Voltage Rating |
6.1.1 Overview and Analysis |
6.1.2 Latvia Intelligent Power Module Market Revenues & Volume, By Up to 600 V, 2021-2031F |
6.1.3 Latvia Intelligent Power Module Market Revenues & Volume, By 601? ??12,00 V, 2021-2031F |
6.1.4 Latvia Intelligent Power Module Market Revenues & Volume, By Above 1,200 V, 2021-2031F |
6.2 Latvia Intelligent Power Module Market, By Circuit Configuration |
6.2.1 Overview and Analysis |
6.2.2 Latvia Intelligent Power Module Market Revenues & Volume, By 6-Pack, 2021-2031F |
6.2.3 Latvia Intelligent Power Module Market Revenues & Volume, By 7-Pack, 2021-2031F |
6.2.4 Latvia Intelligent Power Module Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Intelligent Power Module Market, By Power Devices |
6.3.1 Overview and Analysis |
6.3.2 Latvia Intelligent Power Module Market Revenues & Volume, By IGBT, 2021-2031F |
6.3.3 Latvia Intelligent Power Module Market Revenues & Volume, By MOSFET, 2021-2031F |
6.4 Latvia Intelligent Power Module Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Latvia Intelligent Power Module Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.4.3 Latvia Intelligent Power Module Market Revenues & Volume, By ICT, 2021-2031F |
6.4.4 Latvia Intelligent Power Module Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 Latvia Intelligent Power Module Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.6 Latvia Intelligent Power Module Market Revenues & Volume, By Aerospace, 2021-2031F |
6.4.7 Latvia Intelligent Power Module Market Revenues & Volume, By Others, 2021-2031F |
6.5 Latvia Intelligent Power Module Market, By Current Rating |
6.5.1 Overview and Analysis |
6.5.2 Latvia Intelligent Power Module Market Revenues & Volume, By Up to 100 A, 2021-2031F |
6.5.3 Latvia Intelligent Power Module Market Revenues & Volume, By 101? ??600 A, 2021-2031F |
6.5.4 Latvia Intelligent Power Module Market Revenues & Volume, By Above 600 A, 2021-2031F |
7 Latvia Intelligent Power Module Market Import-Export Trade Statistics |
7.1 Latvia Intelligent Power Module Market Export to Major Countries |
7.2 Latvia Intelligent Power Module Market Imports from Major Countries |
8 Latvia Intelligent Power Module Market Key Performance Indicators |
8.1 Energy savings achieved by using intelligent power modules |
8.2 Number of new IoT and smart device installations |
8.3 Percentage of government projects integrating intelligent power modules |
9 Latvia Intelligent Power Module Market - Opportunity Assessment |
9.1 Latvia Intelligent Power Module Market Opportunity Assessment, By Voltage Rating , 2021 & 2031F |
9.2 Latvia Intelligent Power Module Market Opportunity Assessment, By Circuit Configuration , 2021 & 2031F |
9.3 Latvia Intelligent Power Module Market Opportunity Assessment, By Power Devices , 2021 & 2031F |
9.4 Latvia Intelligent Power Module Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.5 Latvia Intelligent Power Module Market Opportunity Assessment, By Current Rating, 2021 & 2031F |
10 Latvia Intelligent Power Module Market - Competitive Landscape |
10.1 Latvia Intelligent Power Module Market Revenue Share, By Companies, 2024 |
10.2 Latvia Intelligent Power Module Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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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