| Product Code: ETC5764787 | 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 continued to see significant import shipments of low voltage DC circuit breakers, with top exporting countries including Hungary, Sweden, Czechia, Estonia, and Finland. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) for the period 2020-2024 was a robust 15.28%, showcasing sustained market expansion. Notably, the growth rate from 2023 to 2024 surged to an impressive 32.9%, indicating a rapid acceleration in import demand for these essential electrical components.
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 Voltage DC Circuit Breaker Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Low Voltage DC Circuit Breaker Market - Industry Life Cycle |
3.4 Latvia Low Voltage DC Circuit Breaker Market - Porter's Five Forces |
3.5 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.6 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Low Voltage DC Circuit Breaker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of renewable energy sources in Latvia, leading to a higher demand for low voltage DC circuit breakers. |
4.2.2 Growing emphasis on energy efficiency and sustainability, driving the need for advanced electrical protection solutions like low voltage DC circuit breakers. |
4.2.3 Technological advancements in the development of smart grids and IoT-enabled devices, creating opportunities for the low voltage DC circuit breaker market to expand. |
4.3 Market Restraints |
4.3.1 High initial costs associated with the installation of low voltage DC circuit breakers may hinder market growth. |
4.3.2 Limited awareness and understanding of the benefits of low voltage DC circuit breakers among end-users in Latvia could impede market penetration. |
4.3.3 Lack of standardized regulations and policies specific to low voltage DC circuit breakers in Latvia may create uncertainties for market players. |
5 Latvia Low Voltage DC Circuit Breaker Market Trends |
6 Latvia Low Voltage DC Circuit Breaker Market Segmentations |
6.1 Latvia Low Voltage DC Circuit Breaker Market, By End User |
6.1.1 Overview and Analysis |
6.1.2 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Battery Systems, 2021-2031F |
6.1.3 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Transportation, 2021-2031F |
6.1.4 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Low Voltage DC Circuit Breaker Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Low Voltage DC Circuit Breaker Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Air Circuit Breaker, 2021-2031F |
6.3.3 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Molded Case Circuit Breaker, 2021-2031F |
6.3.4 Latvia Low Voltage DC Circuit Breaker Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Low Voltage DC Circuit Breaker Market Import-Export Trade Statistics |
7.1 Latvia Low Voltage DC Circuit Breaker Market Export to Major Countries |
7.2 Latvia Low Voltage DC Circuit Breaker Market Imports from Major Countries |
8 Latvia Low Voltage DC Circuit Breaker Market Key Performance Indicators |
8.1 Percentage increase in the number of renewable energy installations in Latvia. |
8.2 Adoption rate of energy-efficient technologies in residential, commercial, and industrial sectors. |
8.3 Number of patents filed for innovative features or technologies in low voltage DC circuit breakers. |
8.4 Rate of adoption of smart grid solutions and IoT devices in Latvia. |
8.5 Percentage of electrical accidents or failures prevented by the use of low voltage DC circuit breakers. |
9 Latvia Low Voltage DC Circuit Breaker Market - Opportunity Assessment |
9.1 Latvia Low Voltage DC Circuit Breaker Market Opportunity Assessment, By End User, 2021 & 2031F |
9.2 Latvia Low Voltage DC Circuit Breaker Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Low Voltage DC Circuit Breaker Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Low Voltage DC Circuit Breaker Market - Competitive Landscape |
10.1 Latvia Low Voltage DC Circuit Breaker Market Revenue Share, By Companies, 2024 |
10.2 Latvia Low Voltage DC Circuit Breaker Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |