| Product Code: ETC10240117 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The import shipments of pump hydro storage in Latvia in 2024 saw a shift in concentration levels from moderate to low, indicating a more diversified import market. Key exporting countries include Germany, Netherlands, China, Italy, and Poland. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-2024 remained positive at 5.34%. This data suggests a stable market with potential for continued growth and market expansion in the future.

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 Pump Hydro Storage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pump Hydro Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pump Hydro Storage Market - Industry Life Cycle |
3.4 Latvia Pump Hydro Storage Market - Porter's Five Forces |
3.5 Latvia Pump Hydro Storage Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pump Hydro Storage Market Revenues & Volume Share, By Energy Source, 2021 & 2031F |
3.7 Latvia Pump Hydro Storage Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Pump Hydro Storage Market Revenues & Volume Share, By Storage Capacity, 2021 & 2031F |
3.9 Latvia Pump Hydro Storage Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
4 Latvia Pump Hydro Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Pump Hydro Storage Market Trends |
6 Latvia Pump Hydro Storage Market, By Types |
6.1 Latvia Pump Hydro Storage Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pump Hydro Storage Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Pump Hydro Storage Market Revenues & Volume, By Pumped Storage, 2021 - 2031F |
6.1.4 Latvia Pump Hydro Storage Market Revenues & Volume, By Turbine Pump, 2021 - 2031F |
6.1.5 Latvia Pump Hydro Storage Market Revenues & Volume, By Electrical Pump, 2021 - 2031F |
6.2 Latvia Pump Hydro Storage Market, By Energy Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pump Hydro Storage Market Revenues & Volume, By Hydropower, 2021 - 2031F |
6.2.3 Latvia Pump Hydro Storage Market Revenues & Volume, By Renewable Energy, 2021 - 2031F |
6.2.4 Latvia Pump Hydro Storage Market Revenues & Volume, By Wind Power, 2021 - 2031F |
6.3 Latvia Pump Hydro Storage Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Pump Hydro Storage Market Revenues & Volume, By Grid Stabilization, 2021 - 2031F |
6.3.3 Latvia Pump Hydro Storage Market Revenues & Volume, By Peak Shaving, 2021 - 2031F |
6.3.4 Latvia Pump Hydro Storage Market Revenues & Volume, By Emergency Backup, 2021 - 2031F |
6.4 Latvia Pump Hydro Storage Market, By Storage Capacity |
6.4.1 Overview and Analysis |
6.4.2 Latvia Pump Hydro Storage Market Revenues & Volume, By Large Scale, 2021 - 2031F |
6.4.3 Latvia Pump Hydro Storage Market Revenues & Volume, By Small Scale, 2021 - 2031F |
6.5 Latvia Pump Hydro Storage Market, By Technology Type |
6.5.1 Overview and Analysis |
6.5.2 Latvia Pump Hydro Storage Market Revenues & Volume, By Conventional, 2021 - 2031F |
6.5.3 Latvia Pump Hydro Storage Market Revenues & Volume, By Modern, 2021 - 2031F |
6.5.4 Latvia Pump Hydro Storage Market Revenues & Volume, By Hybrid, 2021 - 2031F |
7 Latvia Pump Hydro Storage Market Import-Export Trade Statistics |
7.1 Latvia Pump Hydro Storage Market Export to Major Countries |
7.2 Latvia Pump Hydro Storage Market Imports from Major Countries |
8 Latvia Pump Hydro Storage Market Key Performance Indicators |
9 Latvia Pump Hydro Storage Market - Opportunity Assessment |
9.1 Latvia Pump Hydro Storage Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pump Hydro Storage Market Opportunity Assessment, By Energy Source, 2021 & 2031F |
9.3 Latvia Pump Hydro Storage Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Pump Hydro Storage Market Opportunity Assessment, By Storage Capacity, 2021 & 2031F |
9.5 Latvia Pump Hydro Storage Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
10 Latvia Pump Hydro Storage Market - Competitive Landscape |
10.1 Latvia Pump Hydro Storage Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pump Hydro Storage 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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