| Product Code: ETC10246069 | 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 | |
In 2024, Latvia`s import shipments of pyranometers continued to be led by major exporters such as China, Germany, Austria, Netherlands, and Serbia. The market remained moderately concentrated, with the Herfindahl-Hirschman Index (HHI) reflecting this trend. The Compound Annual Growth Rate (CAGR) for the period 2020-2024 was a healthy 10.27%, indicating sustained growth in the market. Additionally, the growth rate from 2023 to 2024 was 4.32%, highlighting a positive trajectory for pyranometer imports 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 Pyranometer Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pyranometer Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pyranometer Market - Industry Life Cycle |
3.4 Latvia Pyranometer Market - Porter's Five Forces |
3.5 Latvia Pyranometer Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pyranometer Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Pyranometer Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Pyranometer Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.9 Latvia Pyranometer Market Revenues & Volume Share, By Calibration Standard, 2021 & 2031F |
4 Latvia Pyranometer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Pyranometer Market Trends |
6 Latvia Pyranometer Market, By Types |
6.1 Latvia Pyranometer Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pyranometer Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Pyranometer Market Revenues & Volume, By Thermopile, 2021 - 2031F |
6.1.4 Latvia Pyranometer Market Revenues & Volume, By Photodiode, 2021 - 2031F |
6.1.5 Latvia Pyranometer Market Revenues & Volume, By Quantum Sensor, 2021 - 2031F |
6.1.6 Latvia Pyranometer Market Revenues & Volume, By MEMS-Based, 2021 - 2031F |
6.1.7 Latvia Pyranometer Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Pyranometer Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pyranometer Market Revenues & Volume, By Passive, 2021 - 2031F |
6.2.3 Latvia Pyranometer Market Revenues & Volume, By Active, 2021 - 2031F |
6.2.4 Latvia Pyranometer Market Revenues & Volume, By Digital, 2021 - 2031F |
6.2.5 Latvia Pyranometer Market Revenues & Volume, By Analog, 2021 - 2031F |
6.2.6 Latvia Pyranometer Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Pyranometer Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Pyranometer Market Revenues & Volume, By Solar Energy Monitoring, 2021 - 2031F |
6.3.3 Latvia Pyranometer Market Revenues & Volume, By Meteorology, 2021 - 2031F |
6.3.4 Latvia Pyranometer Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.3.5 Latvia Pyranometer Market Revenues & Volume, By Building Automation, 2021 - 2031F |
6.3.6 Latvia Pyranometer Market Revenues & Volume, By Weather Forecasting, 2021 - 2031F |
6.4 Latvia Pyranometer Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Pyranometer Market Revenues & Volume, By Renewable Energy, 2021 - 2031F |
6.4.3 Latvia Pyranometer Market Revenues & Volume, By Aerospace & Defense, 2021 - 2031F |
6.4.4 Latvia Pyranometer Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.4.5 Latvia Pyranometer Market Revenues & Volume, By Research Institutes, 2021 - 2031F |
6.4.6 Latvia Pyranometer Market Revenues & Volume, By Others, 2021 - 2031F |
6.5 Latvia Pyranometer Market, By Calibration Standard |
6.5.1 Overview and Analysis |
6.5.2 Latvia Pyranometer Market Revenues & Volume, By ISO 9060:1990, 2021 - 2031F |
6.5.3 Latvia Pyranometer Market Revenues & Volume, By ISO 9060:2018, 2021 - 2031F |
6.5.4 Latvia Pyranometer Market Revenues & Volume, By WMO Standard, 2021 - 2031F |
6.5.5 Latvia Pyranometer Market Revenues & Volume, By IEC 61215, 2021 - 2031F |
6.5.6 Latvia Pyranometer Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Pyranometer Market Import-Export Trade Statistics |
7.1 Latvia Pyranometer Market Export to Major Countries |
7.2 Latvia Pyranometer Market Imports from Major Countries |
8 Latvia Pyranometer Market Key Performance Indicators |
9 Latvia Pyranometer Market - Opportunity Assessment |
9.1 Latvia Pyranometer Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pyranometer Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Pyranometer Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Pyranometer Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.5 Latvia Pyranometer Market Opportunity Assessment, By Calibration Standard, 2021 & 2031F |
10 Latvia Pyranometer Market - Competitive Landscape |
10.1 Latvia Pyranometer Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pyranometer 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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