| Product Code: ETC4791113 | 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 |
In 2024, Latvia continued to see high concentration in light meter imports, with top exporters being the USA, Turkey, Sweden, Taiwan, and the UK. Despite the challenging CAGR of -25.79% from 2020 to 2024, the steep decline in growth rate from 2023 to 2024 at -65.32% indicates a significant shift in market dynamics. This trend suggests a need for further analysis to understand the factors driving the decrease in import shipments and potential implications for the industry in Latvia.

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 Ligth Meter Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ligth Meter Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ligth Meter Market - Industry Life Cycle |
3.4 Latvia Ligth Meter Market - Porter's Five Forces |
3.5 Latvia Ligth Meter Market Revenues & Volume Share, By Display, 2021 & 2031F |
3.6 Latvia Ligth Meter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Ligth Meter Market Revenues & Volume Share, By Lux Range, 2021 & 2031F |
3.8 Latvia Ligth Meter Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Ligth Meter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of energy-efficient lighting solutions in Latvia |
4.2.2 Government initiatives promoting sustainable energy consumption |
4.2.3 Growing awareness about the benefits of using light meters in various industries |
4.3 Market Restraints |
4.3.1 High initial costs associated with purchasing and installing light meters |
4.3.2 Lack of technical expertise in operating and maintaining light meters |
4.3.3 Limited availability of skilled professionals for light meter installation and maintenance |
5 Latvia Ligth Meter Market Trends |
6 Latvia Ligth Meter Market Segmentations |
6.1 Latvia Ligth Meter Market, By Display |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ligth Meter Market Revenues & Volume, By Analog, 2021-2031F |
6.1.3 Latvia Ligth Meter Market Revenues & Volume, By Digital, 2021-2031F |
6.2 Latvia Ligth Meter Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ligth Meter Market Revenues & Volume, By General-Purpose Light Meters, 2021-2031F |
6.2.3 Latvia Ligth Meter Market Revenues & Volume, By LED Light Meters, 2021-2031F |
6.2.4 Latvia Ligth Meter Market Revenues & Volume, By UV Light Meters, 2021-2031F |
6.3 Latvia Ligth Meter Market, By Lux Range |
6.3.1 Overview and Analysis |
6.3.2 Latvia Ligth Meter Market Revenues & Volume, By 0? ??200K Lux, 2021-2031F |
6.3.3 Latvia Ligth Meter Market Revenues & Volume, By Above 200K Lux, 2021-2031F |
6.4 Latvia Ligth Meter Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Ligth Meter Market Revenues & Volume, By Photography and Cinematography, 2021-2031F |
6.4.3 Latvia Ligth Meter Market Revenues & Volume, By Commercial Spaces, 2021-2031F |
6.4.4 Latvia Ligth Meter Market Revenues & Volume, By Manufacturing Plants and Warehouses, 2021-2031F |
6.4.5 Latvia Ligth Meter Market Revenues & Volume, By University Campuses and Schools, 2021-2031F |
6.4.6 Latvia Ligth Meter Market Revenues & Volume, By Clinics and Hospitals, 2021-2031F |
6.4.7 Latvia Ligth Meter Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Ligth Meter Market Import-Export Trade Statistics |
7.1 Latvia Ligth Meter Market Export to Major Countries |
7.2 Latvia Ligth Meter Market Imports from Major Countries |
8 Latvia Ligth Meter Market Key Performance Indicators |
8.1 Energy savings achieved through the use of light meters |
8.2 Number of government contracts or projects involving the installation of light meters |
8.3 Percentage increase in the use of light meters in different sectors, such as commercial, industrial, and residential |
8.4 Number of training programs or workshops conducted to educate users about light meter technology |
8.5 Customer satisfaction levels with the performance and reliability of light meters |
9 Latvia Ligth Meter Market - Opportunity Assessment |
9.1 Latvia Ligth Meter Market Opportunity Assessment, By Display, 2021 & 2031F |
9.2 Latvia Ligth Meter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Ligth Meter Market Opportunity Assessment, By Lux Range, 2021 & 2031F |
9.4 Latvia Ligth Meter Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Ligth Meter Market - Competitive Landscape |
10.1 Latvia Ligth Meter Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ligth Meter 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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