| Product Code: ETC5128933 | 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 |
Latvia`s import shipments of magnetic induction heating devices saw a shift in supplier concentration from high to low in 2024, with top exporters being Italy, China, Russia, Lithuania, and Metropolitan France. The industry experienced a negative compound annual growth rate (CAGR) of -14.52% from 2020 to 2024, with a further decline in growth rate of -19.95% from 2023 to 2024. This trend suggests a challenging market environment, potentially driven by various factors such as technological advancements, changing consumer preferences, and economic conditions impacting the demand for such devices 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 Magnetic Induction Heating Devices Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Magnetic Induction Heating Devices Market - Industry Life Cycle |
3.4 Latvia Magnetic Induction Heating Devices Market - Porter's Five Forces |
3.5 Latvia Magnetic Induction Heating Devices Market Revenues & Volume Share, By Power Type, 2021 & 2031F |
3.6 Latvia Magnetic Induction Heating Devices Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Magnetic Induction Heating Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about energy efficiency and environmental sustainability |
4.2.2 Growing adoption of smart home technologies |
4.2.3 Government initiatives promoting energy-efficient solutions |
4.3 Market Restraints |
4.3.1 High initial investment cost of magnetic induction heating devices |
4.3.2 Limited consumer awareness and understanding of the technology |
4.3.3 Lack of standardized regulations and certifications in the market |
5 Latvia Magnetic Induction Heating Devices Market Trends |
6 Latvia Magnetic Induction Heating Devices Market Segmentations |
6.1 Latvia Magnetic Induction Heating Devices Market, By Power Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By 0 to 5 kWh, 2021-2031F |
6.1.3 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By 5 to 10 kWh, 2021-2031F |
6.1.4 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By More than 10 kWh, 2021-2031F |
6.2 Latvia Magnetic Induction Heating Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By Furnaces, 2021-2031F |
6.2.3 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By Welding, 2021-2031F |
6.2.4 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By Cooking, 2021-2031F |
6.2.5 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By Brazing, 2021-2031F |
6.2.6 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By Sealing, 2021-2031F |
6.2.7 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By Heating Treatment, 2021-2031F |
6.2.8 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Latvia Magnetic Induction Heating Devices Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Magnetic Induction Heating Devices Market Import-Export Trade Statistics |
7.1 Latvia Magnetic Induction Heating Devices Market Export to Major Countries |
7.2 Latvia Magnetic Induction Heating Devices Market Imports from Major Countries |
8 Latvia Magnetic Induction Heating Devices Market Key Performance Indicators |
8.1 Energy savings achieved by using magnetic induction heating devices |
8.2 Adoption rate of magnetic induction heating devices in residential and commercial sectors |
8.3 Percentage of households using smart home technologies that include magnetic induction heating devices |
9 Latvia Magnetic Induction Heating Devices Market - Opportunity Assessment |
9.1 Latvia Magnetic Induction Heating Devices Market Opportunity Assessment, By Power Type, 2021 & 2031F |
9.2 Latvia Magnetic Induction Heating Devices Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Magnetic Induction Heating Devices Market - Competitive Landscape |
10.1 Latvia Magnetic Induction Heating Devices Market Revenue Share, By Companies, 2024 |
10.2 Latvia Magnetic Induction Heating Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |