| Product Code: ETC4729268 | 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 | |
Despite the high concentration of import shipments in Latvia for marine wind turbines, the market experienced a significant decline in both the CAGR and growth rate in 2024. China, Hong Kong, Metropolitan France, Canada, and Estonia emerged as the top exporting countries to Latvia. The negative growth rates suggest a challenging year for the industry, possibly indicating shifts in market dynamics or regulatory changes impacting the import of marine wind turbines in Latvia. Monitoring these trends closely will be crucial for stakeholders to adapt their strategies in this evolving market landscape.
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 Marine Wind Turbine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Marine Wind Turbine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Marine Wind Turbine Market - Industry Life Cycle |
3.4 Latvia Marine Wind Turbine Market - Porter's Five Forces |
3.5 Latvia Marine Wind Turbine Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Marine Wind Turbine Market Revenues & Volume Share, By Axis, 2021 & 2031F |
3.7 Latvia Marine Wind Turbine Market Revenues & Volume Share, By Base, 2021 & 2031F |
4 Latvia Marine Wind Turbine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources and sustainability initiatives in Latvia |
4.2.2 Favorable government policies and incentives supporting the development of marine wind turbine projects |
4.2.3 Technological advancements leading to increased efficiency and cost-effectiveness of marine wind turbines |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up marine wind turbine projects |
4.3.2 Challenges related to grid integration and transmission of offshore wind energy |
4.3.3 Environmental concerns and potential impacts on marine ecosystems |
5 Latvia Marine Wind Turbine Market Trends |
6 Latvia Marine Wind Turbine Market Segmentations |
6.1 Latvia Marine Wind Turbine Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Marine Wind Turbine Market Revenues & Volume, By Single systems, 2021-2031F |
6.1.3 Latvia Marine Wind Turbine Market Revenues & Volume, By Hybrid systems, 2021-2031F |
6.2 Latvia Marine Wind Turbine Market, By Axis |
6.2.1 Overview and Analysis |
6.2.2 Latvia Marine Wind Turbine Market Revenues & Volume, By Vertical axis wind turbine, 2021-2031F |
6.2.3 Latvia Marine Wind Turbine Market Revenues & Volume, By Horizontal axis wind turbine, 2021-2031F |
6.3 Latvia Marine Wind Turbine Market, By Base |
6.3.1 Overview and Analysis |
6.3.2 Latvia Marine Wind Turbine Market Revenues & Volume, By Monopole base, 2021-2031F |
6.3.3 Latvia Marine Wind Turbine Market Revenues & Volume, By Tripod base, 2021-2031F |
7 Latvia Marine Wind Turbine Market Import-Export Trade Statistics |
7.1 Latvia Marine Wind Turbine Market Export to Major Countries |
7.2 Latvia Marine Wind Turbine Market Imports from Major Countries |
8 Latvia Marine Wind Turbine Market Key Performance Indicators |
8.1 Capacity utilization rate of marine wind turbines |
8.2 Levelized cost of energy (LCOE) for marine wind projects |
8.3 Average installation time for marine wind turbines |
9 Latvia Marine Wind Turbine Market - Opportunity Assessment |
9.1 Latvia Marine Wind Turbine Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Marine Wind Turbine Market Opportunity Assessment, By Axis, 2021 & 2031F |
9.3 Latvia Marine Wind Turbine Market Opportunity Assessment, By Base, 2021 & 2031F |
10 Latvia Marine Wind Turbine Market - Competitive Landscape |
10.1 Latvia Marine Wind Turbine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Marine Wind Turbine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |