| Product Code: ETC7921873 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Latvia solar battery import market saw significant growth in 2024, with top exporters like Germany, China, and the Netherlands leading the way. The market concentration, as measured by the HHI, decreased from high to moderate levels, indicating a more competitive landscape. The impressive CAGR of 42.27% from 2020 to 2024 demonstrates the increasing demand for solar batteries in Latvia. Moreover, the growth rate of 15.36% from 2023 to 2024 suggests a continued upward trajectory for solar battery imports in the country. This positive trend indicates a promising outlook for the solar battery industry in Latvia.

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 Solar Battery Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Solar Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Solar Battery Market - Industry Life Cycle |
3.4 Latvia Solar Battery Market - Porter's Five Forces |
3.5 Latvia Solar Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Solar Battery Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.7 Latvia Solar Battery Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Solar Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government initiatives and incentives to promote renewable energy sources like solar power in Latvia |
4.2.2 Growing awareness among consumers about the benefits of solar energy and its contribution to sustainability |
4.2.3 Technological advancements leading to improved efficiency and affordability of solar battery systems |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing solar battery systems may deter some consumers |
4.3.2 Limited sunlight exposure in Latvia compared to other regions may affect the efficiency of solar panels |
4.3.3 Lack of standardized regulations and policies related to solar energy generation and storage |
5 Latvia Solar Battery Market Trends |
6 Latvia Solar Battery Market, By Types |
6.1 Latvia Solar Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Solar Battery Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Solar Battery Market Revenues & Volume, By Lead Acid, 2021- 2031F |
6.1.4 Latvia Solar Battery Market Revenues & Volume, By Lithium Ion, 2021- 2031F |
6.1.5 Latvia Solar Battery Market Revenues & Volume, By Flow Battery, 2021- 2031F |
6.1.6 Latvia Solar Battery Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Solar Battery Market, By Capacity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Solar Battery Market Revenues & Volume, By Below 75 AH, 2021- 2031F |
6.2.3 Latvia Solar Battery Market Revenues & Volume, By 75 To 150 AH, 2021- 2031F |
6.2.4 Latvia Solar Battery Market Revenues & Volume, By Above 150 AH, 2021- 2031F |
6.3 Latvia Solar Battery Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Solar Battery Market Revenues & Volume, By Industrial, 2021- 2031F |
6.3.3 Latvia Solar Battery Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.4 Latvia Solar Battery Market Revenues & Volume, By Residential, 2021- 2031F |
7 Latvia Solar Battery Market Import-Export Trade Statistics |
7.1 Latvia Solar Battery Market Export to Major Countries |
7.2 Latvia Solar Battery Market Imports from Major Countries |
8 Latvia Solar Battery Market Key Performance Indicators |
8.1 Average installation cost of solar battery systems in Latvia |
8.2 Number of residential and commercial buildings adopting solar energy solutions |
8.3 Percentage of electricity generated from solar power sources in Latvia |
8.4 Average efficiency improvement rate of solar battery systems in the market |
9 Latvia Solar Battery Market - Opportunity Assessment |
9.1 Latvia Solar Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Solar Battery Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.3 Latvia Solar Battery Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Solar Battery Market - Competitive Landscape |
10.1 Latvia Solar Battery Market Revenue Share, By Companies, 2024 |
10.2 Latvia Solar Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |