| Product Code: ETC5765186 | 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 steady flow of low voltage protection and control import shipments with top exporters including Metropolitan France, Lithuania, Germany, Estonia, and Sweden. The market displayed low concentration with a Herfindahl-Hirschman Index (HHI) remaining at very low levels. Despite a slight decline in the growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period from 2020 to 2024 was a robust 16.6%, indicating a promising trend in the import market for low voltage protection and control products 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 Voltage Protection and Control Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Low Voltage Protection and Control Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Low Voltage Protection and Control Market - Industry Life Cycle |
3.4 Latvia Low Voltage Protection and Control Market - Porter's Five Forces |
3.5 Latvia Low Voltage Protection and Control Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Low Voltage Protection and Control Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Latvia Low Voltage Protection and Control Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on enhancing energy efficiency in buildings and industrial facilities |
4.2.2 Rising investments in infrastructure development projects |
4.2.3 Growing adoption of smart grid technologies in Latvia |
4.3 Market Restraints |
4.3.1 Regulatory challenges and compliance requirements in the industry |
4.3.2 Volatility in raw material prices affecting production costs |
5 Latvia Low Voltage Protection and Control Market Trends |
6 Latvia Low Voltage Protection and Control Market Segmentations |
6.1 Latvia Low Voltage Protection and Control Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Low Voltage Protection and Control Market Revenues & Volume, By Protection Equipment, 2021-2031F |
6.1.3 Latvia Low Voltage Protection and Control Market Revenues & Volume, By Switching Equipment, 2021-2031F |
6.1.4 Latvia Low Voltage Protection and Control Market Revenues & Volume, By Monitoring Devices, 2021-2031F |
6.2 Latvia Low Voltage Protection and Control Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Low Voltage Protection and Control Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Latvia Low Voltage Protection and Control Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Latvia Low Voltage Protection and Control Market Revenues & Volume, By Industrial, 2021-2031F |
7 Latvia Low Voltage Protection and Control Market Import-Export Trade Statistics |
7.1 Latvia Low Voltage Protection and Control Market Export to Major Countries |
7.2 Latvia Low Voltage Protection and Control Market Imports from Major Countries |
8 Latvia Low Voltage Protection and Control Market Key Performance Indicators |
8.1 Percentage of buildings and industrial facilities implementing energy efficiency measures |
8.2 Investment inflow in infrastructure projects related to low voltage protection and control |
8.3 Adoption rate of smart grid technologies in Latvia |
9 Latvia Low Voltage Protection and Control Market - Opportunity Assessment |
9.1 Latvia Low Voltage Protection and Control Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Low Voltage Protection and Control Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Latvia Low Voltage Protection and Control Market - Competitive Landscape |
10.1 Latvia Low Voltage Protection and Control Market Revenue Share, By Companies, 2024 |
10.2 Latvia Low Voltage Protection and Control Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |