Latvia Pumps Market (2025-2031) | Segmentation, Growth, Revenue, Share, Size, Forecast, Value, Analysis, Industry, Companies, Outlook & Trends

Name: Latvia Pumps Market (2025-2031) | Forecast & Outlook Growth
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Pumps Market, Latvia Pumps Market, Latvia Pumps Market Revenues, Latvia Pumps Market Share, Latvia Pumps Market Size, Latvia Pumps Market Outlook, Latvia Pumps Market Report, Latvia Pumps Market Competition, Latvia Pumps Market Overview, Latvia Pumps Market Trends, Latvia Pumps Market Forecast

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.

Latvia Pumps Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Pumps Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

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

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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 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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Export potential assessment - trade Analytics for 2030

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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