Latvia Permanent Magnet Synchronous Motors Market (2025-2031) | Industry, Outlook, Share, Analysis, Segmentation, Growth, Value, Forecast, Companies, Size & Revenue, Competitive Landscape, Trends
Market Forecast By Capacity (375 450 kW, 450 600 kW, Above 600 kW), By Type (Surface Permanent Magnet Synchronous Motor, Interior Permanent Magnet Synchronous Motor), By Control (Trapezoidal, Open Loop, Closed Loop, Sinusoidal, Scalar, Vector), By End Use (Electrical & Electronics, Aerospace & Automotive, Oil & Gas, Marine, Defense, Power, Mining, Others) And Competitive Landscape
| Product Code: ETC7918336 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia Permanent Magnet Synchronous Motors Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s import of permanent magnet synchronous motors in 2024 saw significant contributions from top exporting countries such as Germany, Finland, Turkey, Italy, and Poland. The market displayed moderate concentration as indicated by the Herfindahl-Hirschman Index (HHI). With a notable Compound Annual Growth Rate (CAGR) of 17.15% from 2020 to 2024, the sector experienced steady expansion. Moreover, the growth rate in 2024 stood at 2.31%, reflecting a positive trend in import shipments of these motors into Latvia.
Key Highlights of the Report:
- Latvia Permanent Magnet Synchronous Motors Market Outlook
- Market Size of Latvia Permanent Magnet Synchronous Motors Market, 2024
- Forecast of Latvia Permanent Magnet Synchronous Motors Market, 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Revenues & Volume for the Period 2021- 2031
- Latvia Permanent Magnet Synchronous Motors Market Trend Evolution
- Latvia Permanent Magnet Synchronous Motors Market Drivers and Challenges
- Latvia Permanent Magnet Synchronous Motors Price Trends
- Latvia Permanent Magnet Synchronous Motors Porter's Five Forces
- Latvia Permanent Magnet Synchronous Motors Industry Life Cycle
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Capacity for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By 375 450 kW for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By 450 600 kW for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Above 600 kW for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Surface Permanent Magnet Synchronous Motor for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Interior Permanent Magnet Synchronous Motor for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Control for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Trapezoidal for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Open Loop for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Closed Loop for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Sinusoidal for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Scalar for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Vector for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By End Use for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Electrical & Electronics for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Aerospace & Automotive for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Oil & Gas for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Marine for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Defense for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Power for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Mining for the Period 2021- 2031
- Historical Data and Forecast of Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume By Others for the Period 2021- 2031
- Latvia Permanent Magnet Synchronous Motors Import Export Trade Statistics
- Market Opportunity Assessment By Capacity
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Control
- Market Opportunity Assessment By End Use
- Latvia Permanent Magnet Synchronous Motors Top Companies Market Share
- Latvia Permanent Magnet Synchronous Motors Competitive Benchmarking By Technical and Operational Parameters
- Latvia Permanent Magnet Synchronous Motors Company Profiles
- Latvia Permanent Magnet Synchronous Motors Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Permanent Magnet Synchronous Motors 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 Synchronous Motors 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 Synchronous Motors Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Permanent Magnet Synchronous Motors Market - Industry Life Cycle |
3.4 Latvia Permanent Magnet Synchronous Motors Market - Porter's Five Forces |
3.5 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.6 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume Share, By Control, 2021 & 2031F |
3.8 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Permanent Magnet Synchronous Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient motors in various industries |
4.2.2 Increasing adoption of electric vehicles driving the demand for permanent magnet synchronous motors |
4.2.3 Government initiatives promoting the use of renewable energy sources |
4.3 Market Restraints |
4.3.1 High initial cost of permanent magnet synchronous motors compared to traditional motors |
4.3.2 Lack of awareness and technical expertise among end-users |
4.3.3 Supply chain disruptions affecting the availability of raw materials for manufacturing |
5 Latvia Permanent Magnet Synchronous Motors Market Trends |
6 Latvia Permanent Magnet Synchronous Motors Market, By Types |
6.1 Latvia Permanent Magnet Synchronous Motors Market, By Capacity |
6.1.1 Overview and Analysis |
6.1.2 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Capacity, 2021- 2031F |
6.1.3 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By 375 450 kW, 2021- 2031F |
6.1.4 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By 450 600 kW, 2021- 2031F |
6.1.5 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Above 600 kW, 2021- 2031F |
6.2 Latvia Permanent Magnet Synchronous Motors Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Surface Permanent Magnet Synchronous Motor, 2021- 2031F |
6.2.3 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Interior Permanent Magnet Synchronous Motor, 2021- 2031F |
6.3 Latvia Permanent Magnet Synchronous Motors Market, By Control |
6.3.1 Overview and Analysis |
6.3.2 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Trapezoidal, 2021- 2031F |
6.3.3 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Open Loop, 2021- 2031F |
6.3.4 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Closed Loop, 2021- 2031F |
6.3.5 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Sinusoidal, 2021- 2031F |
6.3.6 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Scalar, 2021- 2031F |
6.3.7 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Vector, 2021- 2031F |
6.4 Latvia Permanent Magnet Synchronous Motors Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Electrical & Electronics, 2021- 2031F |
6.4.3 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Aerospace & Automotive, 2021- 2031F |
6.4.4 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.4.5 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Marine, 2021- 2031F |
6.4.6 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Defense, 2021- 2031F |
6.4.7 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Power, 2021- 2031F |
6.4.8 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Others, 2021- 2031F |
6.4.9 Latvia Permanent Magnet Synchronous Motors Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Permanent Magnet Synchronous Motors Market Import-Export Trade Statistics |
7.1 Latvia Permanent Magnet Synchronous Motors Market Export to Major Countries |
7.2 Latvia Permanent Magnet Synchronous Motors Market Imports from Major Countries |
8 Latvia Permanent Magnet Synchronous Motors Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved by using permanent magnet synchronous motors |
8.2 Adoption rate of permanent magnet synchronous motors in key industries |
8.3 Investment in research and development for enhancing motor performance |
8.4 Number of government policies supporting the use of permanent magnet synchronous motors |
8.5 Reduction in carbon footprint attributed to the use of permanent magnet synchronous motors |
9 Latvia Permanent Magnet Synchronous Motors Market - Opportunity Assessment |
9.1 Latvia Permanent Magnet Synchronous Motors Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.2 Latvia Permanent Magnet Synchronous Motors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Permanent Magnet Synchronous Motors Market Opportunity Assessment, By Control, 2021 & 2031F |
9.4 Latvia Permanent Magnet Synchronous Motors Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Permanent Magnet Synchronous Motors Market - Competitive Landscape |
10.1 Latvia Permanent Magnet Synchronous Motors Market Revenue Share, By Companies, 2024 |
10.2 Latvia Permanent Magnet Synchronous Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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