| Product Code: ETC5760930 | 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 |
Latvia`s recloser import market in 2024 continued to be dominated by top exporters such as Czechia, Lithuania, Germany, China, and Belgium. The market concentration, as measured by the HHI, remained high in 2024, indicating significant market power held by a few key players. However, there was a drastic decline in the market size with a negative Compound Annual Growth Rate (CAGR) of -32.3% from 2020 to 2024. The growth rate from 2023 to 2024 also saw a steep decline of -51.53%, reflecting a challenging year for the recloser import market 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 Recloser Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Recloser Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Recloser Market - Industry Life Cycle |
3.4 Latvia Recloser Market - Porter's Five Forces |
3.5 Latvia Recloser Market Revenues & Volume Share, By Phase Type, 2021 & 2031F |
3.6 Latvia Recloser Market Revenues & Volume Share, By Control Type, 2021 & 2031F |
3.7 Latvia Recloser Market Revenues & Volume Share, By Voltage Rating, 2021 & 2031F |
4 Latvia Recloser Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources leading to grid modernization |
4.2.2 Growing investments in infrastructure development |
4.2.3 Rising demand for reliable and efficient power distribution systems |
4.3 Market Restraints |
4.3.1 High initial cost of reclosers |
4.3.2 Limited awareness and adoption of advanced technologies |
4.3.3 Regulatory challenges in the energy sector |
5 Latvia Recloser Market Trends |
6 Latvia Recloser Market Segmentations |
6.1 Latvia Recloser Market, By Phase Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Recloser Market Revenues & Volume, By Three Phase, 2021-2031F |
6.1.3 Latvia Recloser Market Revenues & Volume, By Single Phase, 2021-2031F |
6.1.4 Latvia Recloser Market Revenues & Volume, By Triple-single Phase, 2021-2031F |
6.2 Latvia Recloser Market, By Control Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Recloser Market Revenues & Volume, By Electronic , 2021-2031F |
6.2.3 Latvia Recloser Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.3 Latvia Recloser Market, By Voltage Rating |
6.3.1 Overview and Analysis |
6.3.2 Latvia Recloser Market Revenues & Volume, By Up to 15 kV, 2021-2031F |
6.3.3 Latvia Recloser Market Revenues & Volume, By 16-27 kV, 2021-2031F |
6.3.4 Latvia Recloser Market Revenues & Volume, By 28-38 kV, 2021-2031F |
7 Latvia Recloser Market Import-Export Trade Statistics |
7.1 Latvia Recloser Market Export to Major Countries |
7.2 Latvia Recloser Market Imports from Major Countries |
8 Latvia Recloser Market Key Performance Indicators |
8.1 Average failure rate of reclosers in the Latvian market |
8.2 Percentage of grid modernization projects using reclosers |
8.3 Number of new entrants offering reclosers in the market |
9 Latvia Recloser Market - Opportunity Assessment |
9.1 Latvia Recloser Market Opportunity Assessment, By Phase Type, 2021 & 2031F |
9.2 Latvia Recloser Market Opportunity Assessment, By Control Type, 2021 & 2031F |
9.3 Latvia Recloser Market Opportunity Assessment, By Voltage Rating, 2021 & 2031F |
10 Latvia Recloser Market - Competitive Landscape |
10.1 Latvia Recloser Market Revenue Share, By Companies, 2024 |
10.2 Latvia Recloser Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |