| Product Code: ETC7919459 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a shift in the concentration of power semiconductor import shipments, moving from low to moderate concentration. Estonia, China, USA, Germany, and Metropolitan France emerged as the top exporting countries to Latvia. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-24 remained positive at 4.45%. This data suggests a dynamic market for power semiconductors in Latvia, with potential opportunities for further expansion and diversification in the coming years.
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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 Power Semiconductor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Power Semiconductor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Power Semiconductor Market - Industry Life Cycle |
3.4 Latvia Power Semiconductor Market - Porter's Five Forces |
3.5 Latvia Power Semiconductor Market Revenues & Volume Share, By Module, 2021 & 2031F |
3.6 Latvia Power Semiconductor Market Revenues & Volume Share, By Power Integrated Circuits, 2021 & 2031F |
3.7 Latvia Power Semiconductor Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Latvia Power Semiconductor Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Latvia Power Semiconductor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient devices and systems |
4.2.2 Increasing adoption of renewable energy sources |
4.2.3 Technological advancements in power semiconductors |
4.3 Market Restraints |
4.3.1 High initial investment costs in power semiconductor technologies |
4.3.2 Regulatory challenges and compliance requirements |
4.3.3 Competition from substitute technologies |
5 Latvia Power Semiconductor Market Trends |
6 Latvia Power Semiconductor Market, By Types |
6.1 Latvia Power Semiconductor Market, By Module |
6.1.1 Overview and Analysis |
6.1.2 Latvia Power Semiconductor Market Revenues & Volume, By Module, 2021- 2031F |
6.1.3 Latvia Power Semiconductor Market Revenues & Volume, By Thyristor, 2021- 2031F |
6.1.4 Latvia Power Semiconductor Market Revenues & Volume, By IGBT, 2021- 2031F |
6.1.5 Latvia Power Semiconductor Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Power Semiconductor Market, By Power Integrated Circuits |
6.2.1 Overview and Analysis |
6.2.2 Latvia Power Semiconductor Market Revenues & Volume, By Multichannel PMICs, 2021- 2031F |
6.2.3 Latvia Power Semiconductor Market Revenues & Volume, By DC/DC Switching Regulators, 2021- 2031F |
6.2.4 Latvia Power Semiconductor Market Revenues & Volume, By Linear Regulators, 2021- 2031F |
6.2.5 Latvia Power Semiconductor Market Revenues & Volume, By BMICs, 2021- 2031F |
6.2.6 Latvia Power Semiconductor Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Power Semiconductor Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Latvia Power Semiconductor Market Revenues & Volume, By Silicon/ Germanium, 2021- 2031F |
6.3.3 Latvia Power Semiconductor Market Revenues & Volume, By Silicon Carbide, 2021- 2031F |
6.3.4 Latvia Power Semiconductor Market Revenues & Volume, By Gallium Nitride, 2021- 2031F |
6.4 Latvia Power Semiconductor Market, By End-User Industry |
6.4.1 Overview and Analysis |
6.4.2 Latvia Power Semiconductor Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.3 Latvia Power Semiconductor Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.4.4 Latvia Power Semiconductor Market Revenues & Volume, By IT & Telecommunications, 2021- 2031F |
6.4.5 Latvia Power Semiconductor Market Revenues & Volume, By Military & Aerospace, 2021- 2031F |
6.4.6 Latvia Power Semiconductor Market Revenues & Volume, By Power, 2021- 2031F |
6.4.7 Latvia Power Semiconductor Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Latvia Power Semiconductor Market Import-Export Trade Statistics |
7.1 Latvia Power Semiconductor Market Export to Major Countries |
7.2 Latvia Power Semiconductor Market Imports from Major Countries |
8 Latvia Power Semiconductor Market Key Performance Indicators |
8.1 Average efficiency improvement rate of power semiconductor devices |
8.2 Adoption rate of power semiconductor technologies in key industries |
8.3 Research and development investment in power semiconductor innovations |
9 Latvia Power Semiconductor Market - Opportunity Assessment |
9.1 Latvia Power Semiconductor Market Opportunity Assessment, By Module, 2021 & 2031F |
9.2 Latvia Power Semiconductor Market Opportunity Assessment, By Power Integrated Circuits, 2021 & 2031F |
9.3 Latvia Power Semiconductor Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Latvia Power Semiconductor Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
10 Latvia Power Semiconductor Market - Competitive Landscape |
10.1 Latvia Power Semiconductor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Power Semiconductor 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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