| Product Code: ETC12657781 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s mechanical pump import market in 2024 saw a diverse range of top exporting countries, with Germany, Poland, Lithuania, Italy, and China leading the pack. Despite the negative Compound Annual Growth Rate (CAGR) of -4.5% from 2020 to 2024 and a significant decrease in growth rate from 2023 to 2024, the market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained low. This suggests a competitive landscape in the Latvian mechanical pump import sector, providing buyers with a variety of options and potentially favorable pricing dynamics.

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 Mechanical Pump Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Mechanical Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Mechanical Pump Market - Industry Life Cycle |
3.4 Latvia Mechanical Pump Market - Porter's Five Forces |
3.5 Latvia Mechanical Pump Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.6 Latvia Mechanical Pump Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.7 Latvia Mechanical Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Mechanical Pump Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Latvia Mechanical Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in Latvia leading to higher demand for mechanical pumps. |
4.2.2 Growing focus on renewable energy sources driving the need for mechanical pumps in the energy sector. |
4.2.3 Technological advancements and innovations in the mechanical pump industry enhancing efficiency and performance. |
4.3 Market Restraints |
4.3.1 Economic fluctuations impacting investment in industrial projects and infrastructure, affecting the demand for mechanical pumps. |
4.3.2 Environmental regulations and concerns leading to stricter standards for mechanical pump manufacturing and usage. |
4.3.3 Competition from alternative technologies such as electric pumps or pneumatic systems affecting market growth. |
5 Latvia Mechanical Pump Market Trends |
6 Latvia Mechanical Pump Market, By Types |
6.1 Latvia Mechanical Pump Market, By Technology Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Mechanical Pump Market Revenues & Volume, By Technology Type, 2021 - 2031F |
6.1.3 Latvia Mechanical Pump Market Revenues & Volume, By Single Stage, 2021 - 2031F |
6.1.4 Latvia Mechanical Pump Market Revenues & Volume, By Multi Stage, 2021 - 2031F |
6.2 Latvia Mechanical Pump Market, By Application Area |
6.2.1 Overview and Analysis |
6.2.2 Latvia Mechanical Pump Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.3 Latvia Mechanical Pump Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.2.4 Latvia Mechanical Pump Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3 Latvia Mechanical Pump Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Mechanical Pump Market Revenues & Volume, By Manufacturing Plants, 2021 - 2031F |
6.3.3 Latvia Mechanical Pump Market Revenues & Volume, By Office Buildings, 2021 - 2031F |
6.3.4 Latvia Mechanical Pump Market Revenues & Volume, By Homeowners, 2021 - 2031F |
6.4 Latvia Mechanical Pump Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Mechanical Pump Market Revenues & Volume, By Centrifugal Pumps, 2021 - 2031F |
6.4.3 Latvia Mechanical Pump Market Revenues & Volume, By Positive Displacement, 2021 - 2031F |
7 Latvia Mechanical Pump Market Import-Export Trade Statistics |
7.1 Latvia Mechanical Pump Market Export to Major Countries |
7.2 Latvia Mechanical Pump Market Imports from Major Countries |
8 Latvia Mechanical Pump Market Key Performance Indicators |
8.1 Energy efficiency improvements in mechanical pumps. |
8.2 Adoption rate of smart pump technologies. |
8.3 Number of patents filed for innovative pump designs. |
8.4 Maintenance and downtime reduction metrics for mechanical pumps. |
8.5 Percentage of industrial projects in Latvia incorporating mechanical pumps. |
9 Latvia Mechanical Pump Market - Opportunity Assessment |
9.1 Latvia Mechanical Pump Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.2 Latvia Mechanical Pump Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.3 Latvia Mechanical Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Mechanical Pump Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Latvia Mechanical Pump Market - Competitive Landscape |
10.1 Latvia Mechanical Pump Market Revenue Share, By Companies, 2024 |
10.2 Latvia Mechanical Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |