Latvia Pumps Market (2025-2031) | Segmentation, Growth, Revenue, Share, Size, Forecast, Value, Analysis, Industry, Companies, Outlook & Trends
Market Forecast By Product (Portable, Stationary), By Position (Submersible, Non-submersible), By Driving Force (Engine Driven, Electrical Driven), By Technology (Centrifugal Pumps, Diaphragm Pumps), By Application (Mining, Building & Construction, Oil & Gas, Industrial, Municipal) And Competitive Landscape
| Product Code: ETC4941004 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia Pumps Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s pumps import market in 2024 saw significant contributions from top exporting countries like Germany, Netherlands, Italy, Poland, and China. The market remained relatively competitive with low concentration levels, indicating a diverse range of suppliers. Despite a modest Compound Annual Growth Rate (CAGR) of 2.75% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -5.67%. This data suggests a stable yet slightly declining trend in the pumps import market in Latvia, highlighting the need for strategic adjustments to ensure sustained growth in the future.
Pumps Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
The Pumps market in Latvia is projected to grow at a stable growth rate of 3.12% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.
Key Highlights of the Report:
- Latvia Pumps Market Outlook
- Market Size of Latvia Pumps Market, 2024
- Forecast of Latvia Pumps Market, 2031
- Historical Data and Forecast of Latvia Pumps Revenues & Volume for the Period 2021-2031
- Latvia Pumps Market Trend Evolution
- Latvia Pumps Market Drivers and Challenges
- Latvia Pumps Price Trends
- Latvia Pumps Porter`s Five Forces
- Latvia Pumps Industry Life Cycle
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Portable for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Stationary for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Position for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Submersible for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Non-submersible for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Driving Force for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Engine Driven for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Electrical Driven for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Technology for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Centrifugal Pumps for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Diaphragm Pumps for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Mining for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Building & Construction for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Oil & Gas for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Industrial for the Period 2021-2031
- Historical Data and Forecast of Latvia Pumps Market Revenues & Volume By Municipal for the Period 2021-2031
- Latvia Pumps Import Export Trade Statistics
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Position
- Market Opportunity Assessment By Driving Force
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Application
- Latvia Pumps Top Companies Market Share
- Latvia Pumps Competitive Benchmarking By Technical and Operational Parameters
- Latvia Pumps Company Profiles
- Latvia Pumps Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Pumps Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Pumps Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Pumps Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pumps Market - Industry Life Cycle |
3.4 Latvia Pumps Market - Porter's Five Forces |
3.5 Latvia Pumps Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Pumps Market Revenues & Volume Share, By Position, 2021 & 2031F |
3.7 Latvia Pumps Market Revenues & Volume Share, By Driving Force, 2021 & 2031F |
3.8 Latvia Pumps Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.9 Latvia Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing investments in infrastructure projects in Latvia |
4.2.2 Growing industrial sector driving demand for pumps |
4.2.3 Adoption of energy-efficient and environmentally friendly pump technologies |
4.3 Market Restraints |
4.3.1 Economic uncertainties impacting investment decisions |
4.3.2 Competition from foreign pump manufacturers |
4.3.3 Fluctuations in raw material prices affecting manufacturing costs |
5 Latvia Pumps Market Trends |
6 Latvia Pumps Market Segmentations |
6.1 Latvia Pumps Market, By Product |
6.1.1 Overview and Analysis | 6.1.3 Latvia Pumps Market Revenues & Volume, By Portable, 2021-2031F |
6.1.3 Latvia Pumps Market Revenues & Volume, By Stationary, 2021-2031F |
6.2 Latvia Pumps Market, By Position |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pumps Market Revenues & Volume, By Submersible, 2021-2031F |
6.2.3 Latvia Pumps Market Revenues & Volume, By Non-submersible, 2021-2031F |
6.3 Latvia Pumps Market, By Driving Force |
6.3.1 Overview and Analysis |
6.3.2 Latvia Pumps Market Revenues & Volume, By Engine Driven, 2021-2031F |
6.3.3 Latvia Pumps Market Revenues & Volume, By Electrical Driven, 2021-2031F |
6.4 Latvia Pumps Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Latvia Pumps Market Revenues & Volume, By Centrifugal Pumps, 2021-2031F |
6.4.3 Latvia Pumps Market Revenues & Volume, By Diaphragm Pumps, 2021-2031F |
6.5 Latvia Pumps Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Latvia Pumps Market Revenues & Volume, By Mining, 2021-2031F |
6.5.3 Latvia Pumps Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.5.4 Latvia Pumps Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.5.5 Latvia Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
6.5.6 Latvia Pumps Market Revenues & Volume, By Municipal, 2021-2031F |
7 Latvia Pumps Market Import-Export Trade Statistics |
7.1 Latvia Pumps Market Export to Major Countries |
7.2 Latvia Pumps Market Imports from Major Countries |
8 Latvia Pumps Market Key Performance Indicators |
8.1 Energy efficiency rating of pumps used in Latvia |
8.2 Number of infrastructure projects utilizing pumps |
8.3 Adoption rate of environmentally friendly pump technologies |
8.4 Utilization rate of pumps in the industrial sector |
8.5 Level of foreign market penetration in the Latvia pumps market |
9 Latvia Pumps Market - Opportunity Assessment |
9.1 Latvia Pumps Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Pumps Market Opportunity Assessment, By Position, 2021 & 2031F |
9.3 Latvia Pumps Market Opportunity Assessment, By Driving Force, 2021 & 2031F |
9.4 Latvia Pumps Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.5 Latvia Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Pumps Market - Competitive Landscape |
10.1 Latvia Pumps Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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