| Product Code: ETC5769708 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a negative CAGR of -27.35% from 2020 to 2024, Latvia`s power metering import shipments saw a slight improvement with a growth rate of -13.76% in 2024. The top exporting countries to Latvia include Hungary, Lithuania, China, Poland, and Sweden, indicating a diverse source of imports. However, the high Herfindahl-Hirschman Index (HHI) concentration suggests limited market competition. It will be crucial for stakeholders to closely monitor trends and explore strategies to stimulate growth and enhance market competitiveness in the power metering sector.

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 Power Metering Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Power Metering Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Power Metering Market - Industry Life Cycle |
3.4 Latvia Power Metering Market - Porter's Five Forces |
3.5 Latvia Power Metering Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Power Metering Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Power Metering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability initiatives in Latvia |
4.2.2 Government regulations mandating smart meter installations for efficient energy management |
4.2.3 Growing investments in smart grid infrastructure in the country |
4.3 Market Restraints |
4.3.1 High initial costs associated with deploying smart metering systems |
4.3.2 Lack of skilled workforce for maintenance and management of smart metering technologies |
4.3.3 Data security and privacy concerns related to smart metering systems |
5 Latvia Power Metering Market Trends |
6 Latvia Power Metering Market Segmentations |
6.1 Latvia Power Metering Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Power Metering Market Revenues & Volume, By Residential, 2021-2031F |
6.1.3 Latvia Power Metering Market Revenues & Volume, By Commercial & Industrial, 2021-2031F |
6.2 Latvia Power Metering Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Power Metering Market Revenues & Volume, By Smart, 2021-2031F |
6.2.3 Latvia Power Metering Market Revenues & Volume, By Digital, 2021-2031F |
6.2.4 Latvia Power Metering Market Revenues & Volume, By Analog, 2021-2031F |
6.2.5 Latvia Power Metering Market Revenues & Volume, By & Others, 2021-2031F |
7 Latvia Power Metering Market Import-Export Trade Statistics |
7.1 Latvia Power Metering Market Export to Major Countries |
7.2 Latvia Power Metering Market Imports from Major Countries |
8 Latvia Power Metering Market Key Performance Indicators |
8.1 Percentage increase in the number of smart meters installed annually |
8.2 Average energy savings achieved per household or business using smart metering technology |
8.3 Reduction in overall energy consumption in Latvia attributed to smart metering implementations |
9 Latvia Power Metering Market - Opportunity Assessment |
9.1 Latvia Power Metering Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Power Metering Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Power Metering Market - Competitive Landscape |
10.1 Latvia Power Metering Market Revenue Share, By Companies, 2024 |
10.2 Latvia Power Metering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |