| Product Code: ETC13020277 | 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 pool heat pump import market in 2024 saw significant contributions from top exporting countries including China, Lithuania, and Sweden. Despite moderate concentration levels, the industry showed steady growth with a notable Compound Annual Growth Rate (CAGR) of 13.43% from 2020 to 2024. The growth rate in 2024 remained positive at 1.02%, indicating a resilient market demand. The diversity of import sources and the upward trend in growth rates suggest a promising outlook for the pool heat pump industry 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 Pool Heat Pump Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pool Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pool Heat Pump Market - Industry Life Cycle |
3.4 Latvia Pool Heat Pump Market - Porter's Five Forces |
3.5 Latvia Pool Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pool Heat Pump Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.7 Latvia Pool Heat Pump Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.8 Latvia Pool Heat Pump Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Pool Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient pool heating solutions |
4.2.2 Increasing awareness about environmental sustainability and the benefits of using heat pumps |
4.2.3 Rise in disposable income leading to higher spending on leisure activities like owning a pool |
4.3 Market Restraints |
4.3.1 Seasonal nature of pool usage in Latvia affecting the demand for heat pumps |
4.3.2 Initial high installation cost of pool heat pumps deterring some potential buyers |
4.3.3 Lack of widespread infrastructure for pool heat pump maintenance and servicing |
5 Latvia Pool Heat Pump Market Trends |
6 Latvia Pool Heat Pump Market, By Types |
6.1 Latvia Pool Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pool Heat Pump Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Pool Heat Pump Market Revenues & Volume, By Air Source, 2021 - 2031F |
6.1.4 Latvia Pool Heat Pump Market Revenues & Volume, By Water Source, 2021 - 2031F |
6.1.5 Latvia Pool Heat Pump Market Revenues & Volume, By Geothermal, 2021 - 2031F |
6.1.6 Latvia Pool Heat Pump Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Pool Heat Pump Market, By Capacity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pool Heat Pump Market Revenues & Volume, By Below 50K BTU, 2021 - 2031F |
6.2.3 Latvia Pool Heat Pump Market Revenues & Volume, By 50K - 100K BTU, 2021 - 2031F |
6.2.4 Latvia Pool Heat Pump Market Revenues & Volume, By Above 100K BTU, 2021 - 2031F |
6.3 Latvia Pool Heat Pump Market, By Power Source |
6.3.1 Overview and Analysis |
6.3.2 Latvia Pool Heat Pump Market Revenues & Volume, By Electric, 2021 - 2031F |
6.3.3 Latvia Pool Heat Pump Market Revenues & Volume, By Solar, 2021 - 2031F |
6.3.4 Latvia Pool Heat Pump Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.4 Latvia Pool Heat Pump Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Pool Heat Pump Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.3 Latvia Pool Heat Pump Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4 Latvia Pool Heat Pump Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Latvia Pool Heat Pump Market Import-Export Trade Statistics |
7.1 Latvia Pool Heat Pump Market Export to Major Countries |
7.2 Latvia Pool Heat Pump Market Imports from Major Countries |
8 Latvia Pool Heat Pump Market Key Performance Indicators |
8.1 Average energy savings achieved by using pool heat pumps |
8.2 Number of new pool installations in Latvia |
8.3 Adoption rate of heat pumps compared to traditional pool heating methods |
9 Latvia Pool Heat Pump Market - Opportunity Assessment |
9.1 Latvia Pool Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pool Heat Pump Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.3 Latvia Pool Heat Pump Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.4 Latvia Pool Heat Pump Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Pool Heat Pump Market - Competitive Landscape |
10.1 Latvia Pool Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pool Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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