Latvia Renewable Power Generation Market (2025-2031) | Forecast, Competition, Industry, Restraints, Value, Segments, Companies, Opportunities, Trends, Investment Trends, Competitive, Pricing Analysis, Share, Demand, Growth, Revenue, Challenges, Strategy, Consumer Insights, Segmentation, Analysis, Size, Supply, Outlook, Drivers, Strategic Insights

Name: Latvia Renewable Power Generation Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Type (Solar Energy, Wind Energy, Hydropower, Biomass), By Technology (Photovoltaic, CSP, Onshore, Offshore, Small, Large-Scale, Biofuels, Biogas), By Application (Residential, Industrial, Commercial, Rural, Municipal, Industrial, Power Plants, Agriculture), By End User (Utilities, Government, Energy Providers, Independent Power Producers, Government, Hydroelectric Companies, Chemical Companies, Manufacturing) And Competitive Landscape

Product Code: ETC10419637	Publication Date: Apr 2025	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Bhawna Singh	No. of Pages: 65	No. of Figures: 34	No. of Tables: 19

Latvia Renewable Power Generation Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to rely heavily on imports for its renewable power generation needs, with top exporters being China, Hong Kong, Metropolitan France, Canada, and Estonia. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) for the period 2020-2024 was notably negative at -25.12%, indicating challenges in the sector. Additionally, there was a sharp decline in growth rate from 2023 to 2024, with a remarkable -82.54% decrease, underscoring potential shifts or disruptions in the import landscape for renewable power generation in Latvia.

Latvia Renewable Power Generation Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Renewable Power Generation Market Outlook
Market Size of Latvia Renewable Power Generation Market,2024
Forecast of Latvia Renewable Power Generation Market, 2031
Historical Data and Forecast of Latvia Renewable Power Generation Revenues & Volume for the Period 2021-2031
Latvia Renewable Power Generation Market Trend Evolution
Latvia Renewable Power Generation Market Drivers and Challenges
Latvia Renewable Power Generation Price Trends
Latvia Renewable Power Generation Porter's Five Forces
Latvia Renewable Power Generation Industry Life Cycle
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Solar Energy for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Wind Energy for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Hydropower for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Biomass for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Photovoltaic, CSP for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Onshore, Offshore for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Small, Large-Scale for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Biofuels, Biogas for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Residential, Industrial for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Commercial, Rural for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Municipal, Industrial for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Power Plants, Agriculture for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By End User for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Utilities, Government for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Energy Providers, Independent Power Producers for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Government, Hydroelectric Companies for the Period 2021-2031
Historical Data and Forecast of Latvia Renewable Power Generation Market Revenues & Volume By Chemical Companies, Manufacturing for the Period 2021-2031
Latvia Renewable Power Generation Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Application
Market Opportunity Assessment By End User
Latvia Renewable Power Generation Top Companies Market Share
Latvia Renewable Power Generation Competitive Benchmarking By Technical and Operational Parameters
Latvia Renewable Power Generation Company Profiles
Latvia Renewable Power Generation 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 Renewable Power Generation Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Renewable Power Generation Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Renewable Power Generation Market - Industry Life Cycle

3.4 Latvia Renewable Power Generation Market - Porter's Five Forces

3.5 Latvia Renewable Power Generation Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Renewable Power Generation Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 Latvia Renewable Power Generation Market Revenues & Volume Share, By Application, 2021 & 2031F

3.8 Latvia Renewable Power Generation Market Revenues & Volume Share, By End User, 2021 & 2031F

4 Latvia Renewable Power Generation Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Government initiatives and policies promoting renewable energy

4.2.2 Increasing environmental concerns and focus on sustainability

4.2.3 Growing investment in renewable energy projects

4.3 Market Restraints

4.3.1 High initial investment costs for renewable energy infrastructure

4.3.2 Intermittency and variability of renewable energy sources

4.3.3 Limited grid infrastructure to support renewable power generation

5 Latvia Renewable Power Generation Market Trends

6 Latvia Renewable Power Generation Market, By Types

6.1 Latvia Renewable Power Generation Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Renewable Power Generation Market Revenues & Volume, By Type, 2021 - 2031F

6.1.3 Latvia Renewable Power Generation Market Revenues & Volume, By Solar Energy, 2021 - 2031F

6.1.4 Latvia Renewable Power Generation Market Revenues & Volume, By Wind Energy, 2021 - 2031F

6.1.5 Latvia Renewable Power Generation Market Revenues & Volume, By Hydropower, 2021 - 2031F

6.1.6 Latvia Renewable Power Generation Market Revenues & Volume, By Biomass, 2021 - 2031F

6.2 Latvia Renewable Power Generation Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Latvia Renewable Power Generation Market Revenues & Volume, By Photovoltaic, CSP, 2021 - 2031F

6.2.3 Latvia Renewable Power Generation Market Revenues & Volume, By Onshore, Offshore, 2021 - 2031F

6.2.4 Latvia Renewable Power Generation Market Revenues & Volume, By Small, Large-Scale, 2021 - 2031F

6.2.5 Latvia Renewable Power Generation Market Revenues & Volume, By Biofuels, Biogas, 2021 - 2031F

6.3 Latvia Renewable Power Generation Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Renewable Power Generation Market Revenues & Volume, By Residential, Industrial, 2021 - 2031F

6.3.3 Latvia Renewable Power Generation Market Revenues & Volume, By Commercial, Rural, 2021 - 2031F

6.3.4 Latvia Renewable Power Generation Market Revenues & Volume, By Municipal, Industrial, 2021 - 2031F

6.3.5 Latvia Renewable Power Generation Market Revenues & Volume, By Power Plants, Agriculture, 2021 - 2031F

6.4 Latvia Renewable Power Generation Market, By End User

6.4.1 Overview and Analysis

6.4.2 Latvia Renewable Power Generation Market Revenues & Volume, By Utilities, Government, 2021 - 2031F

6.4.3 Latvia Renewable Power Generation Market Revenues & Volume, By Energy Providers, Independent Power Producers, 2021 - 2031F

6.4.4 Latvia Renewable Power Generation Market Revenues & Volume, By Government, Hydroelectric Companies, 2021 - 2031F

6.4.5 Latvia Renewable Power Generation Market Revenues & Volume, By Chemical Companies, Manufacturing, 2021 - 2031F

7 Latvia Renewable Power Generation Market Import-Export Trade Statistics

7.1 Latvia Renewable Power Generation Market Export to Major Countries

7.2 Latvia Renewable Power Generation Market Imports from Major Countries

8 Latvia Renewable Power Generation Market Key Performance Indicators

8.1 Capacity utilization rate of renewable energy projects

8.2 Renewable energy penetration rate in the overall energy mix

8.3 Average cost of renewable energy generation

9 Latvia Renewable Power Generation Market - Opportunity Assessment

9.1 Latvia Renewable Power Generation Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Renewable Power Generation Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 Latvia Renewable Power Generation Market Opportunity Assessment, By Application, 2021 & 2031F

9.4 Latvia Renewable Power Generation Market Opportunity Assessment, By End User, 2021 & 2031F

10 Latvia Renewable Power Generation Market - Competitive Landscape

10.1 Latvia Renewable Power Generation Market Revenue Share, By Companies, 2024

10.2 Latvia Renewable Power Generation 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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