| Product Code: ETC5771038 | 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 |
Despite a negative CAGR from 2020-2024 and a significant decline in growth rate from 2023-2024, Latvia continues to import smart water metering devices mainly from China, Netherlands, Austria, Switzerland, and Lithuania. The high level of concentration with a high Herfindahl-Hirschman Index (HHI) indicates a strong presence of these top exporting countries in the Latvian market. This trend suggests that despite challenges, there is still demand for smart water metering technology in Latvia, with key players maintaining their competitive positions in the market.

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 Smart Water Metering Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Smart Water Metering Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Smart Water Metering Market - Industry Life Cycle |
3.4 Latvia Smart Water Metering Market - Porter's Five Forces |
3.5 Latvia Smart Water Metering Market Revenues & Volume Share, By Meter Type, 2021 & 2031F |
3.6 Latvia Smart Water Metering Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Smart Water Metering Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Latvia Smart Water Metering Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Latvia Smart Water Metering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on water conservation and sustainable water management practices in Latvia |
4.2.2 Government initiatives promoting smart water metering technology adoption |
4.2.3 Growing awareness among consumers about the benefits of smart water metering systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with implementing smart water metering systems |
4.3.2 Lack of skilled professionals for installation and maintenance of smart water meters |
4.3.3 Resistance to change from traditional water metering systems by some utility companies |
5 Latvia Smart Water Metering Market Trends |
6 Latvia Smart Water Metering Market Segmentations |
6.1 Latvia Smart Water Metering Market, By Meter Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Smart Water Metering Market Revenues & Volume, By Ultrasonic, 2021-2031F |
6.1.3 Latvia Smart Water Metering Market Revenues & Volume, By Electromagnetic, 2021-2031F |
6.1.4 Latvia Smart Water Metering Market Revenues & Volume, By Smart Mechanical, 2021-2031F |
6.2 Latvia Smart Water Metering Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Smart Water Metering Market Revenues & Volume, By Water Utilities, 2021-2031F |
6.2.3 Latvia Smart Water Metering Market Revenues & Volume, By Industries, 2021-2031F |
6.3 Latvia Smart Water Metering Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Latvia Smart Water Metering Market Revenues & Volume, By AMI, 2021-2031F |
6.3.3 Latvia Smart Water Metering Market Revenues & Volume, By AMR, 2021-2031F |
6.4 Latvia Smart Water Metering Market, By Component |
6.4.1 Overview and Analysis |
6.4.2 Latvia Smart Water Metering Market Revenues & Volume, By Meter & Accessories, 2021-2031F |
6.4.3 Latvia Smart Water Metering Market Revenues & Volume, By IT Solutions, 2021-2031F |
6.4.4 Latvia Smart Water Metering Market Revenues & Volume, By Communications, 2021-2031F |
7 Latvia Smart Water Metering Market Import-Export Trade Statistics |
7.1 Latvia Smart Water Metering Market Export to Major Countries |
7.2 Latvia Smart Water Metering Market Imports from Major Countries |
8 Latvia Smart Water Metering Market Key Performance Indicators |
8.1 Percentage increase in the number of smart water meter installations in Latvia |
8.2 Average time taken for return on investment (ROI) for smart water metering projects |
8.3 Percentage reduction in water consumption after the implementation of smart water metering systems |
9 Latvia Smart Water Metering Market - Opportunity Assessment |
9.1 Latvia Smart Water Metering Market Opportunity Assessment, By Meter Type, 2021 & 2031F |
9.2 Latvia Smart Water Metering Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Smart Water Metering Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Latvia Smart Water Metering Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Latvia Smart Water Metering Market - Competitive Landscape |
10.1 Latvia Smart Water Metering Market Revenue Share, By Companies, 2024 |
10.2 Latvia Smart Water Metering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |