| Product Code: ETC12727861 | 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 |
In 2024, Latvia continued to see a significant increase in offshore wind tower import shipments, with top exporting countries being Poland, Lithuania, Austria, Estonia, and Germany. The market concentration, as measured by the HHI, reached very high levels in 2024, indicating a strong dominance of these key exporting countries. The industry has shown steady growth with a compound annual growth rate of 5.67% from 2020 to 2024. The remarkable growth rate of 31.77% from 2023 to 2024 suggests a promising outlook for the offshore wind tower import market 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 Offshore Wind Tower Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Offshore Wind Tower Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Offshore Wind Tower Market - Industry Life Cycle |
3.4 Latvia Offshore Wind Tower Market - Porter's Five Forces |
3.5 Latvia Offshore Wind Tower Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Offshore Wind Tower Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.7 Latvia Offshore Wind Tower Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Offshore Wind Tower Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Latvia Offshore Wind Tower Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources |
4.2.2 Government support and favorable policies for offshore wind energy |
4.2.3 Growing awareness about environmental sustainability and climate change |
4.3 Market Restraints |
4.3.1 High initial investment costs for offshore wind projects |
4.3.2 Technical challenges in offshore wind tower installation and maintenance |
4.3.3 Regulatory uncertainties and permitting issues |
5 Latvia Offshore Wind Tower Market Trends |
6 Latvia Offshore Wind Tower Market, By Types |
6.1 Latvia Offshore Wind Tower Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Offshore Wind Tower Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Offshore Wind Tower Market Revenues & Volume, By Tubular Steel Towers, 2021 - 2031F |
6.1.4 Latvia Offshore Wind Tower Market Revenues & Volume, By Hybrid Towers, 2021 - 2031F |
6.1.5 Latvia Offshore Wind Tower Market Revenues & Volume, By Lattice Towers, 2021 - 2031F |
6.1.6 Latvia Offshore Wind Tower Market Revenues & Volume, By Monopile Foundations, 2021 - 2031F |
6.2 Latvia Offshore Wind Tower Market, By Application Area |
6.2.1 Overview and Analysis |
6.2.2 Latvia Offshore Wind Tower Market Revenues & Volume, By Large-Scale Wind Turbines, 2021 - 2031F |
6.2.3 Latvia Offshore Wind Tower Market Revenues & Volume, By Extreme Weather Sites, 2021 - 2031F |
6.2.4 Latvia Offshore Wind Tower Market Revenues & Volume, By Remote Offshore Installations, 2021 - 2031F |
6.2.5 Latvia Offshore Wind Tower Market Revenues & Volume, By Deepwater Wind Farms, 2021 - 2031F |
6.3 Latvia Offshore Wind Tower Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Offshore Wind Tower Market Revenues & Volume, By Wind Farm Developers, 2021 - 2031F |
6.3.3 Latvia Offshore Wind Tower Market Revenues & Volume, By Energy Providers, 2021 - 2031F |
6.3.4 Latvia Offshore Wind Tower Market Revenues & Volume, By Power Utilities, 2021 - 2031F |
6.3.5 Latvia Offshore Wind Tower Market Revenues & Volume, By Marine Engineering Firms, 2021 - 2031F |
6.4 Latvia Offshore Wind Tower Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Offshore Wind Tower Market Revenues & Volume, By High-Strength Steel, 2021 - 2031F |
6.4.3 Latvia Offshore Wind Tower Market Revenues & Volume, By Concrete-Steel Hybrid Towers, 2021 - 2031F |
6.4.4 Latvia Offshore Wind Tower Market Revenues & Volume, By Lightweight Modular Structures, 2021 - 2031F |
6.4.5 Latvia Offshore Wind Tower Market Revenues & Volume, By Corrosion-Resistant Alloys, 2021 - 2031F |
7 Latvia Offshore Wind Tower Market Import-Export Trade Statistics |
7.1 Latvia Offshore Wind Tower Market Export to Major Countries |
7.2 Latvia Offshore Wind Tower Market Imports from Major Countries |
8 Latvia Offshore Wind Tower Market Key Performance Indicators |
8.1 Average capacity factor of offshore wind turbines |
8.2 Levelized cost of energy (LCOE) for offshore wind projects |
8.3 Number of new offshore wind projects approved and initiated in Latvia |
9 Latvia Offshore Wind Tower Market - Opportunity Assessment |
9.1 Latvia Offshore Wind Tower Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Offshore Wind Tower Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.3 Latvia Offshore Wind Tower Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Offshore Wind Tower Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Latvia Offshore Wind Tower Market - Competitive Landscape |
10.1 Latvia Offshore Wind Tower Market Revenue Share, By Companies, 2024 |
10.2 Latvia Offshore Wind Tower Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |