| Product Code: ETC5907230 | 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 |
In 2024, Latvia continued to see a steady inflow of pressure transmitter imports, with top exporting countries being Germany, Poland, Finland, Belgium, and Canada. The market remains diverse with low concentration, as indicated by the HHI. The industry experienced a strong compound annual growth rate (CAGR) of 12.19% from 2020 to 2024, although there was a slight dip in the growth rate from 2023 to 2024 at -2.22%. The consistent import activity from multiple countries suggests a stable demand for pressure transmitters 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 Pressure Transmitter Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pressure Transmitter Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pressure Transmitter Market - Industry Life Cycle |
3.4 Latvia Pressure Transmitter Market - Porter's Five Forces |
3.5 Latvia Pressure Transmitter Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pressure Transmitter Market Revenues & Volume Share, By Fluid Type, 2021 & 2031F |
3.7 Latvia Pressure Transmitter Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Pressure Transmitter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrial automation in Latvia leading to higher demand for pressure transmitters |
4.2.2 Growing focus on energy efficiency and sustainability driving the adoption of pressure transmitters |
4.2.3 Technological advancements in pressure transmitter manufacturing improving product performance and reliability |
4.3 Market Restraints |
4.3.1 Economic slowdown in Latvia impacting investments in industrial infrastructure |
4.3.2 Volatility in raw material prices affecting manufacturing costs of pressure transmitters |
4.3.3 Intense competition among pressure transmitter manufacturers leading to price pressures |
5 Latvia Pressure Transmitter Market Trends |
6 Latvia Pressure Transmitter Market Segmentations |
6.1 Latvia Pressure Transmitter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pressure Transmitter Market Revenues & Volume, By Absolute, 2021-2031F |
6.1.3 Latvia Pressure Transmitter Market Revenues & Volume, By Gauge, 2021-2031F |
6.1.4 Latvia Pressure Transmitter Market Revenues & Volume, By Differential Pressure, 2021-2031F |
6.1.5 Latvia Pressure Transmitter Market Revenues & Volume, By Multivariable, 2021-2031F |
6.2 Latvia Pressure Transmitter Market, By Fluid Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pressure Transmitter Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.3 Latvia Pressure Transmitter Market Revenues & Volume, By Gas, 2021-2031F |
6.2.4 Latvia Pressure Transmitter Market Revenues & Volume, By Steam, 2021-2031F |
6.3 Latvia Pressure Transmitter Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Pressure Transmitter Market Revenues & Volume, By Level, 2021-2031F |
6.3.3 Latvia Pressure Transmitter Market Revenues & Volume, By Pressure, 2021-2031F |
6.3.4 Latvia Pressure Transmitter Market Revenues & Volume, By Flow, 2021-2031F |
7 Latvia Pressure Transmitter Market Import-Export Trade Statistics |
7.1 Latvia Pressure Transmitter Market Export to Major Countries |
7.2 Latvia Pressure Transmitter Market Imports from Major Countries |
8 Latvia Pressure Transmitter Market Key Performance Indicators |
8.1 Percentage increase in the number of industrial automation projects in Latvia |
8.2 Adoption rate of pressure transmitters in key industries such as manufacturing, oil gas, and water treatment |
8.3 Number of patents filed for pressure transmitter technology innovations |
9 Latvia Pressure Transmitter Market - Opportunity Assessment |
9.1 Latvia Pressure Transmitter Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pressure Transmitter Market Opportunity Assessment, By Fluid Type, 2021 & 2031F |
9.3 Latvia Pressure Transmitter Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Pressure Transmitter Market - Competitive Landscape |
10.1 Latvia Pressure Transmitter Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pressure Transmitter 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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