| Product Code: ETC10378933 | 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 |
In 2024, Latvia saw significant import shipments of scroll compressors, with top exporting countries including Poland, Germany, Spain, Lithuania, and Sweden. With a moderate concentration level based on the Herfindahl-Hirschman Index (HHI), the market experienced a steady Compound Annual Growth Rate (CAGR) of 10.15% from 2020 to 2024. The growth rate in 2024 alone was a notable 8.63%, indicating a continuing expansion in the import market for scroll compressors in Latvia. These trends suggest a positive outlook for the industry in the coming years.

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 Scroll Compressor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Scroll Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Scroll Compressor Market - Industry Life Cycle |
3.4 Latvia Scroll Compressor Market - Porter's Five Forces |
3.5 Latvia Scroll Compressor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Scroll Compressor Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.7 Latvia Scroll Compressor Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Scroll Compressor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Scroll Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient HVAC systems |
4.2.2 Growth in industrial activities and construction projects in Latvia |
4.2.3 Technological advancements leading to improved scroll compressor efficiency |
4.3 Market Restraints |
4.3.1 High initial costs associated with scroll compressors |
4.3.2 Volatility in raw material prices impacting manufacturing costs |
4.3.3 Limited awareness and adoption of scroll compressors in certain market segments |
5 Latvia Scroll Compressor Market Trends |
6 Latvia Scroll Compressor Market, By Types |
6.1 Latvia Scroll Compressor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Scroll Compressor Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Scroll Compressor Market Revenues & Volume, By Hermetic, 2021 - 2031F |
6.1.4 Latvia Scroll Compressor Market Revenues & Volume, By Open-Type, 2021 - 2031F |
6.1.5 Latvia Scroll Compressor Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Scroll Compressor Market, By Power Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Scroll Compressor Market Revenues & Volume, By Electric, 2021 - 2031F |
6.2.3 Latvia Scroll Compressor Market Revenues & Volume, By Others, 2021 - 2031F |
6.2.4 Latvia Scroll Compressor Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Scroll Compressor Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Scroll Compressor Market Revenues & Volume, By HVAC Systems, 2021 - 2031F |
6.3.3 Latvia Scroll Compressor Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.3.4 Latvia Scroll Compressor Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Latvia Scroll Compressor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Scroll Compressor Market Revenues & Volume, By Refrigeration, 2021 - 2031F |
6.4.3 Latvia Scroll Compressor Market Revenues & Volume, By Air Compression, 2021 - 2031F |
6.4.4 Latvia Scroll Compressor Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Scroll Compressor Market Import-Export Trade Statistics |
7.1 Latvia Scroll Compressor Market Export to Major Countries |
7.2 Latvia Scroll Compressor Market Imports from Major Countries |
8 Latvia Scroll Compressor Market Key Performance Indicators |
8.1 Energy efficiency ratings of scroll compressors in the market |
8.2 Number of construction permits issued in Latvia |
8.3 Adoption rate of scroll compressors in key industries |
8.4 Average maintenance cost of scroll compressors in comparison to traditional compressors |
8.5 Percentage of HVAC systems in new buildings using scroll compressors |
9 Latvia Scroll Compressor Market - Opportunity Assessment |
9.1 Latvia Scroll Compressor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Scroll Compressor Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.3 Latvia Scroll Compressor Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Scroll Compressor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Scroll Compressor Market - Competitive Landscape |
10.1 Latvia Scroll Compressor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Scroll Compressor 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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