| Product Code: ETC5212191 | 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`s safety valves import market in 2024 continued to see a high concentration level, with top exporting countries being Germany, Poland, Norway, Italy, and Lithuania. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-24 remained positive at 3.88%. This indicates a steady demand for safety valves in Latvia, with key suppliers maintaining their presence in the market. The market dynamics suggest a stable import environment for safety valves in the country.

By 2027, the Safety Valves market in Latvia is anticipated to reach a growth rate of 3.34%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Safety Valves Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Safety Valves Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Safety Valves Market - Industry Life Cycle |
3.4 Latvia Safety Valves Market - Porter's Five Forces |
3.5 Latvia Safety Valves Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Latvia Safety Valves Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.7 Latvia Safety Valves Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Latvia Safety Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent government regulations and safety standards in industries requiring safety valves. |
4.2.2 Increasing awareness about industrial safety and the importance of safety valves. |
4.2.3 Growth in industries such as oil gas, chemicals, and manufacturing, driving the demand for safety valves. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with safety valves. |
4.3.2 Impact of economic fluctuations on industrial activities and investment in safety equipment. |
4.3.3 Presence of substitute technologies or solutions affecting the demand for safety valves. |
5 Latvia Safety Valves Market Trends |
6 Latvia Safety Valves Market Segmentations |
6.1 Latvia Safety Valves Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Latvia Safety Valves Market Revenues & Volume, By Steel, 2021-2031F |
6.1.3 Latvia Safety Valves Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.1.4 Latvia Safety Valves Market Revenues & Volume, By Alloy, 2021-2031F |
6.1.5 Latvia Safety Valves Market Revenues & Volume, By Cryogenic, 2021-2031F |
6.1.6 Latvia Safety Valves Market Revenues & Volume, By Others (Brass, Bronze, And Plastic), 2021-2031F |
6.2 Latvia Safety Valves Market, By Size |
6.2.1 Overview and Analysis |
6.2.2 Latvia Safety Valves Market Revenues & Volume, By Up To 1? |
6.2.3 Latvia Safety Valves Market Revenues & Volume, By 1? |
6.2.4 Latvia Safety Valves Market Revenues & Volume, By 6? |
6.2.5 Latvia Safety Valves Market Revenues & Volume, By 25? |
6.2.6 Latvia Safety Valves Market Revenues & Volume, By 50? |
6.3 Latvia Safety Valves Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Safety Valves Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 Latvia Safety Valves Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.3.4 Latvia Safety Valves Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.5 Latvia Safety Valves Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
6.3.6 Latvia Safety Valves Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.7 Latvia Safety Valves Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.8 Latvia Safety Valves Market Revenues & Volume, By Metal & Mining, 2021-2031F |
6.3.9 Latvia Safety Valves Market Revenues & Volume, By Metal & Mining, 2021-2031F |
7 Latvia Safety Valves Market Import-Export Trade Statistics |
7.1 Latvia Safety Valves Market Export to Major Countries |
7.2 Latvia Safety Valves Market Imports from Major Countries |
8 Latvia Safety Valves Market Key Performance Indicators |
8.1 Number of safety incidents reported in industries using safety valves. |
8.2 Compliance rate with safety regulations in key industries. |
8.3 Adoption rate of advanced safety valve technologies in the market. |
9 Latvia Safety Valves Market - Opportunity Assessment |
9.1 Latvia Safety Valves Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Latvia Safety Valves Market Opportunity Assessment, By Size, 2021 & 2031F |
9.3 Latvia Safety Valves Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Latvia Safety Valves Market - Competitive Landscape |
10.1 Latvia Safety Valves Market Revenue Share, By Companies, 2024 |
10.2 Latvia Safety Valves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |