| Product Code: ETC7914679 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of low power generator sets in Latvia saw significant growth in 2024, with top exporting countries being Netherlands, Portugal, Metropolitan France, Estonia, and Spain. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), surged from low levels in 2023 to very high levels in 2024, indicating a shift towards more dominant suppliers. The impressive compound annual growth rate (CAGR) of 41.15% from 2020 to 2024 and a notable growth rate of 30.75% from 2023 to 2024 reflect a booming market for low power generator sets 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 Low Power Generator Sets Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Low Power Generator Sets Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Low Power Generator Sets Market - Industry Life Cycle |
3.4 Latvia Low Power Generator Sets Market - Porter's Five Forces |
3.5 Latvia Low Power Generator Sets Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Latvia Low Power Generator Sets Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.7 Latvia Low Power Generator Sets Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Low Power Generator Sets Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.9 Latvia Low Power Generator Sets Market Revenues & Volume Share, By Industries, 2021 & 2031F |
4 Latvia Low Power Generator Sets Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for reliable backup power solutions in residential and commercial sectors |
4.2.2 Increasing frequency of power outages due to aging grid infrastructure |
4.2.3 Government initiatives promoting the use of clean energy sources like low power generator sets |
4.3 Market Restraints |
4.3.1 High initial investment costs for purchasing and installing low power generator sets |
4.3.2 Limited awareness and knowledge about the benefits of low power generator sets among end-users |
4.3.3 Stringent regulations and standards governing the use of generator sets impacting market entry barriers |
5 Latvia Low Power Generator Sets Market Trends |
6 Latvia Low Power Generator Sets Market, By Types |
6.1 Latvia Low Power Generator Sets Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Low Power Generator Sets Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Latvia Low Power Generator Sets Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.4 Latvia Low Power Generator Sets Market Revenues & Volume, By Gas, 2021- 2031F |
6.1.5 Latvia Low Power Generator Sets Market Revenues & Volume, By Hybrid (Hydrogen bases, CNG, LNG, Biofuels, And Others), 2021- 2031F |
6.2 Latvia Low Power Generator Sets Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 Latvia Low Power Generator Sets Market Revenues & Volume, By 0-50 kVA, 2021- 2031F |
6.2.3 Latvia Low Power Generator Sets Market Revenues & Volume, By 50-150 kVA, 2021- 2031F |
6.2.4 Latvia Low Power Generator Sets Market Revenues & Volume, By 151-350 kVA, 2021- 2031F |
6.3 Latvia Low Power Generator Sets Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Low Power Generator Sets Market Revenues & Volume, By Stand-by, 2021- 2031F |
6.3.3 Latvia Low Power Generator Sets Market Revenues & Volume, By Peak Shaving, 2021- 2031F |
6.3.4 Latvia Low Power Generator Sets Market Revenues & Volume, By Prime or Continuous Power, 2021- 2031F |
6.4 Latvia Low Power Generator Sets Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Low Power Generator Sets Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.3 Latvia Low Power Generator Sets Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.4 Latvia Low Power Generator Sets Market Revenues & Volume, By Residential, 2021- 2031F |
6.5 Latvia Low Power Generator Sets Market, By Industries |
6.5.1 Overview and Analysis |
6.5.2 Latvia Low Power Generator Sets Market Revenues & Volume, By Construction, 2021- 2031F |
6.5.3 Latvia Low Power Generator Sets Market Revenues & Volume, By Earth Moving, 2021- 2031F |
6.5.4 Latvia Low Power Generator Sets Market Revenues & Volume, By Material Handling, 2021- 2031F |
6.5.5 Latvia Low Power Generator Sets Market Revenues & Volume, By Agri-machinery, 2021- 2031F |
7 Latvia Low Power Generator Sets Market Import-Export Trade Statistics |
7.1 Latvia Low Power Generator Sets Market Export to Major Countries |
7.2 Latvia Low Power Generator Sets Market Imports from Major Countries |
8 Latvia Low Power Generator Sets Market Key Performance Indicators |
8.1 Average number of power outages per year in Latvia |
8.2 Percentage of residential and commercial buildings equipped with backup power solutions |
8.3 Number of government incentives or subsidies supporting the adoption of low power generator sets |
9 Latvia Low Power Generator Sets Market - Opportunity Assessment |
9.1 Latvia Low Power Generator Sets Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Latvia Low Power Generator Sets Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.3 Latvia Low Power Generator Sets Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Low Power Generator Sets Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.5 Latvia Low Power Generator Sets Market Opportunity Assessment, By Industries, 2021 & 2031F |
10 Latvia Low Power Generator Sets Market - Competitive Landscape |
10.1 Latvia Low Power Generator Sets Market Revenue Share, By Companies, 2024 |
10.2 Latvia Low Power Generator Sets Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |