Latvia Residential Energy Storage Market (2025-2031) | Companies, Segmentation, Analysis, Value, Outlook, Revenue, Trends, Share, Growth, Size, Forecast & Industry
Market Forecast By Technology (Lead-Acid, Lithium-Ion), By Utility (3 kW to <6 kW, 6 kW to <10 kW, 10 kW to 29 kW), By Connectivity Type (On-Grid, Off-Grid), By Ownership Type (Customer-Owned, Utility-Owned, Third-Party Owned), By Operation Type (Operation Type, Operation Type) And Competitive Landscape
| Product Code: ETC5756009 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia Residential Energy Storage Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s residential energy storage import market saw significant growth in 2024, with top exporters including Czechia, Poland, Lithuania, Germany, and Finland. The low Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape. The impressive compound annual growth rate (CAGR) of 13.07% from 2020 to 2024 reflects strong demand for energy storage solutions. Furthermore, the growth rate of 17.25% from 2023 to 2024 suggests accelerating momentum in the market. Overall, Latvia`s residential energy storage import sector is dynamic and expanding, driven by a diverse range of suppliers.
Key Highlights of the Report:
- Latvia Residential Energy Storage Market Outlook
- Market Size of Latvia Residential Energy Storage Market, 2024
- Forecast of Latvia Residential Energy Storage Market, 2031
- Historical Data and Forecast of Latvia Residential Energy Storage Revenues & Volume for the Period 2021-2031
- Latvia Residential Energy Storage Market Trend Evolution
- Latvia Residential Energy Storage Market Drivers and Challenges
- Latvia Residential Energy Storage Price Trends
- Latvia Residential Energy Storage Porter`s Five Forces
- Latvia Residential Energy Storage Industry Life Cycle
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Technology for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Lead-Acid for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Lithium-Ion for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Utility for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By 3 kW to <6 kW for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By 6 kW to <10 kW for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By 10 kW to 29 kW for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Connectivity Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By On-Grid for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Off-Grid for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Ownership Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Customer-Owned for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Utility-Owned for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Third-Party Owned for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Operation Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Operation Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Residential Energy Storage Market Revenues & Volume By Operation Type for the Period 2021-2031
- Latvia Residential Energy Storage Import Export Trade Statistics
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Utility
- Market Opportunity Assessment By Connectivity Type
- Market Opportunity Assessment By Ownership Type
- Market Opportunity Assessment By Operation Type
- Latvia Residential Energy Storage Top Companies Market Share
- Latvia Residential Energy Storage Competitive Benchmarking By Technical and Operational Parameters
- Latvia Residential Energy Storage Company Profiles
- Latvia Residential Energy Storage Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Residential Energy Storage 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 Residential Energy Storage 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 Residential Energy Storage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Residential Energy Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Residential Energy Storage Market - Industry Life Cycle |
3.4 Latvia Residential Energy Storage Market - Porter's Five Forces |
3.5 Latvia Residential Energy Storage Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Residential Energy Storage Market Revenues & Volume Share, By Utility, 2021 & 2031F |
3.7 Latvia Residential Energy Storage Market Revenues & Volume Share, By Connectivity Type, 2021 & 2031F |
3.8 Latvia Residential Energy Storage Market Revenues & Volume Share, By Ownership Type, 2021 & 2031F |
3.9 Latvia Residential Energy Storage Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
4 Latvia Residential Energy Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources |
4.2.2 Government incentives and policies supporting energy storage adoption |
4.2.3 Growing awareness about energy efficiency and sustainability in residential sector |
4.3 Market Restraints |
4.3.1 High initial installation costs of residential energy storage systems |
4.3.2 Lack of standardized regulations and guidelines for energy storage integration |
4.3.3 Limited understanding and awareness among consumers about the benefits of energy storage |
5 Latvia Residential Energy Storage Market Trends |
6 Latvia Residential Energy Storage Market Segmentations |
6.1 Latvia Residential Energy Storage Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Residential Energy Storage Market Revenues & Volume, By Lead-Acid, 2021-2031F |
6.1.3 Latvia Residential Energy Storage Market Revenues & Volume, By Lithium-Ion, 2021-2031F |
6.2 Latvia Residential Energy Storage Market, By Utility |
6.2.1 Overview and Analysis |
6.2.2 Latvia Residential Energy Storage Market Revenues & Volume, By 3 kW to <6 kW, 2021-2031F |
6.2.3 Latvia Residential Energy Storage Market Revenues & Volume, By 6 kW to <10 kW, 2021-2031F |
6.2.4 Latvia Residential Energy Storage Market Revenues & Volume, By 10 kW to 29 kW, 2021-2031F |
6.3 Latvia Residential Energy Storage Market, By Connectivity Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Residential Energy Storage Market Revenues & Volume, By On-Grid, 2021-2031F |
6.3.3 Latvia Residential Energy Storage Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.4 Latvia Residential Energy Storage Market, By Ownership Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Residential Energy Storage Market Revenues & Volume, By Customer-Owned, 2021-2031F |
6.4.3 Latvia Residential Energy Storage Market Revenues & Volume, By Utility-Owned, 2021-2031F |
6.4.4 Latvia Residential Energy Storage Market Revenues & Volume, By Third-Party Owned, 2021-2031F |
6.5 Latvia Residential Energy Storage Market, By Operation Type |
6.5.1 Overview and Analysis |
6.5.2 Latvia Residential Energy Storage Market Revenues & Volume, By Operation Type, 2021-2031F |
6.5.3 Latvia Residential Energy Storage Market Revenues & Volume, By Operation Type, 2021-2031F |
7 Latvia Residential Energy Storage Market Import-Export Trade Statistics |
7.1 Latvia Residential Energy Storage Market Export to Major Countries |
7.2 Latvia Residential Energy Storage Market Imports from Major Countries |
8 Latvia Residential Energy Storage Market Key Performance Indicators |
8.1 Average installation cost per kWh of energy storage capacity |
8.2 Number of households availing government subsidies or incentives for energy storage installation |
8.3 Percentage increase in residential solar PV installations integrated with energy storage |
8.4 Average energy savings achieved by households using energy storage systems |
8.5 Number of energy storage system manufacturers and suppliers entering the Latvian market |
9 Latvia Residential Energy Storage Market - Opportunity Assessment |
9.1 Latvia Residential Energy Storage Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Residential Energy Storage Market Opportunity Assessment, By Utility, 2021 & 2031F |
9.3 Latvia Residential Energy Storage Market Opportunity Assessment, By Connectivity Type, 2021 & 2031F |
9.4 Latvia Residential Energy Storage Market Opportunity Assessment, By Ownership Type, 2021 & 2031F |
9.5 Latvia Residential Energy Storage Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
10 Latvia Residential Energy Storage Market - Competitive Landscape |
10.1 Latvia Residential Energy Storage Market Revenue Share, By Companies, 2024 |
10.2 Latvia Residential Energy Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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