Latvia Permanent Magnet Motor Market (2025-2031) | Trends, Revenue, Value, Size, Outlook, Companies, Share, Segmentation, Analysis, Forecast, Industry & Growth

Market Forecast By Type (PMAC, PMDC, Brushless DC), By Power Rating (Up to 25 kW, 25‚œ100 kW, 100‚œ300 kW, 300 kW and Above), By End-user (Industrial, Commercial and Residential, Others) And Competitive Landscape
Product Code: ETC4766242 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 Permanent Magnet Motor Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia saw an increase in permanent magnet motor import shipments, with top exporting countries being China, Germany, USA, Lithuania, and Poland. The market concentration shifted from low to moderate, indicating a more balanced distribution among suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 was 2.12%, with a notable growth rate of 10.03% from 2023 to 2024. These trends suggest a growing demand for permanent magnet motors in Latvia, with a diverse range of suppliers catering to the market.

Latvia Permanent Magnet Motor Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Permanent Magnet Motor Market Outlook
  • Market Size of Latvia Permanent Magnet Motor Market, 2024
  • Forecast of Latvia Permanent Magnet Motor Market, 2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Revenues & Volume for the Period 2021-2031
  • Latvia Permanent Magnet Motor Market Trend Evolution
  • Latvia Permanent Magnet Motor Market Drivers and Challenges
  • Latvia Permanent Magnet Motor Price Trends
  • Latvia Permanent Magnet Motor Porter`s Five Forces
  • Latvia Permanent Magnet Motor Industry Life Cycle
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By PMAC for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By PMDC for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By Brushless DC for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By Power Rating for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By Up to 25 kW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By 25???100 kW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By 100???300 kW for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By 300 kW and Above for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By End-user for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By Industrial for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By Commercial and Residential for the Period 2021-2031
  • Historical Data and Forecast of Latvia Permanent Magnet Motor Market Revenues & Volume By Others for the Period 2021-2031
  • Latvia Permanent Magnet Motor Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Power Rating
  • Market Opportunity Assessment By End-user
  • Latvia Permanent Magnet Motor Top Companies Market Share
  • Latvia Permanent Magnet Motor Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Permanent Magnet Motor Company Profiles
  • Latvia Permanent Magnet Motor Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Permanent Magnet Motor Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Permanent Magnet Motor Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Permanent Magnet Motor Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Permanent Magnet Motor Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Permanent Magnet Motor Market - Industry Life Cycle

3.4 Latvia Permanent Magnet Motor Market - Porter's Five Forces

3.5 Latvia Permanent Magnet Motor Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Permanent Magnet Motor Market Revenues & Volume Share, By Power Rating, 2021 & 2031F

3.7 Latvia Permanent Magnet Motor Market Revenues & Volume Share, By End-user, 2021 & 2031F

4 Latvia Permanent Magnet Motor Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for energy-efficient and high-performance motors in various industries

4.2.2 Government initiatives promoting the use of permanent magnet motors for energy savings

4.2.3 Growing adoption of electric vehicles and renewable energy sources driving the demand for permanent magnet motors

4.3 Market Restraints

4.3.1 High initial investment costs associated with permanent magnet motors

4.3.2 Limited availability of rare earth materials required for manufacturing permanent magnets

4.3.3 Competition from other motor technologies like induction motors

5 Latvia Permanent Magnet Motor Market Trends

6 Latvia Permanent Magnet Motor Market Segmentations

6.1 Latvia Permanent Magnet Motor Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Permanent Magnet Motor Market Revenues & Volume, By PMAC, 2021-2031F

6.1.3 Latvia Permanent Magnet Motor Market Revenues & Volume, By PMDC, 2021-2031F

6.1.4 Latvia Permanent Magnet Motor Market Revenues & Volume, By Brushless DC, 2021-2031F

6.2 Latvia Permanent Magnet Motor Market, By Power Rating

6.2.1 Overview and Analysis

6.2.2 Latvia Permanent Magnet Motor Market Revenues & Volume, By Up to 25 kW, 2021-2031F

6.2.3 Latvia Permanent Magnet Motor Market Revenues & Volume, By 25? ??100 kW, 2021-2031F

6.2.4 Latvia Permanent Magnet Motor Market Revenues & Volume, By 100? ??300 kW, 2021-2031F

6.2.5 Latvia Permanent Magnet Motor Market Revenues & Volume, By 300 kW and Above, 2021-2031F

6.3 Latvia Permanent Magnet Motor Market, By End-user

6.3.1 Overview and Analysis

6.3.2 Latvia Permanent Magnet Motor Market Revenues & Volume, By Industrial, 2021-2031F

6.3.3 Latvia Permanent Magnet Motor Market Revenues & Volume, By Commercial and Residential, 2021-2031F

6.3.4 Latvia Permanent Magnet Motor Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Permanent Magnet Motor Market Import-Export Trade Statistics

7.1 Latvia Permanent Magnet Motor Market Export to Major Countries

7.2 Latvia Permanent Magnet Motor Market Imports from Major Countries

8 Latvia Permanent Magnet Motor Market Key Performance Indicators

8.1 Energy efficiency improvement percentage achieved by using permanent magnet motors

8.2 Adoption rate of permanent magnet motors in key industries in Latvia

8.3 Percentage increase in the production capacity of permanent magnet motors in Latvia

9 Latvia Permanent Magnet Motor Market - Opportunity Assessment

9.1 Latvia Permanent Magnet Motor Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Permanent Magnet Motor Market Opportunity Assessment, By Power Rating, 2021 & 2031F

9.3 Latvia Permanent Magnet Motor Market Opportunity Assessment, By End-user, 2021 & 2031F

10 Latvia Permanent Magnet Motor Market - Competitive Landscape

10.1 Latvia Permanent Magnet Motor Market Revenue Share, By Companies, 2024

10.2 Latvia Permanent Magnet Motor Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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