| Product Code: ETC7914704 | 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 |
In 2024, Latvia saw a notable increase in the import shipments of low-voltage electric motors, with top exporting countries including China, Lithuania, USA, Germany, and Poland. The market concentration, as measured by the HHI, shifted from low to moderate in 2024, indicating a more balanced distribution among suppliers. The impressive CAGR of 19.4% from 2020 to 2024 highlights the growing demand for these products in Latvia. Additionally, the growth rate of 3.31% from 2023 to 2024 suggests a steady expansion of the market for low-voltage electric motors in the country.

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 Electric Motors Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Low-Voltage Electric Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Low-Voltage Electric Motors Market - Industry Life Cycle |
3.4 Latvia Low-Voltage Electric Motors Market - Porter's Five Forces |
3.5 Latvia Low-Voltage Electric Motors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Low-Voltage Electric Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient electric motors in various industries |
4.2.2 Growing adoption of automation and robotics in manufacturing processes |
4.2.3 Government initiatives promoting the use of energy-efficient technologies |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting manufacturing costs |
4.3.2 Intense competition from international low-voltage electric motor manufacturers |
4.3.3 Economic instability affecting investment in industrial machinery and equipment |
5 Latvia Low-Voltage Electric Motors Market Trends |
6 Latvia Low-Voltage Electric Motors Market, By Types |
6.1 Latvia Low-Voltage Electric Motors Market, By End User |
6.1.1 Overview and Analysis |
6.1.2 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By End User, 2021- 2031F |
6.1.3 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.1.4 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By Chemicals and Petrochemicals, 2021- 2031F |
6.1.5 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.1.6 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By Metal & Mining, 2021- 2031F |
6.1.7 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By Water and Wastewater, 2021- 2031F |
6.1.8 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.1.9 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By Other Discrete Industries, 2021- 2031F |
6.1.10 Latvia Low-Voltage Electric Motors Market Revenues & Volume, By Other Discrete Industries, 2021- 2031F |
7 Latvia Low-Voltage Electric Motors Market Import-Export Trade Statistics |
7.1 Latvia Low-Voltage Electric Motors Market Export to Major Countries |
7.2 Latvia Low-Voltage Electric Motors Market Imports from Major Countries |
8 Latvia Low-Voltage Electric Motors Market Key Performance Indicators |
8.1 Energy efficiency improvement rate of low-voltage electric motors |
8.2 Adoption rate of automation and robotics in manufacturing industries |
8.3 Number of government policies and incentives supporting energy-efficient technologies |
8.4 Average age of low-voltage electric motor installations |
8.5 Number of new applications and industries using low-voltage electric motors |
9 Latvia Low-Voltage Electric Motors Market - Opportunity Assessment |
9.1 Latvia Low-Voltage Electric Motors Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Low-Voltage Electric Motors Market - Competitive Landscape |
10.1 Latvia Low-Voltage Electric Motors Market Revenue Share, By Companies, 2024 |
10.2 Latvia Low-Voltage Electric Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |