| Product Code: ETC5784072 | 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 |
The temporary power import market in Latvia experienced a significant shift in 2024, with a notable increase in concentration as evidenced by the Herfindahl-Hirschman Index (HHI). The top exporting countries to Latvia in 2024 included Croatia, Netherlands, UK, Turkey, and Spain, indicating a diverse range of sources for temporary power supply. The impressive Compound Annual Growth Rate (CAGR) of 66.0% from 2020 to 2024 highlights the rapid expansion of the market, while the remarkable growth rate of 206.62% from 2023 to 2024 underscores the increasing demand for temporary power solutions 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 Temporary Power Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Temporary Power Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Temporary Power Market - Industry Life Cycle |
3.4 Latvia Temporary Power Market - Porter's Five Forces |
3.5 Latvia Temporary Power Market Revenues & Volume Share, By Generator Rating, 2021 & 2031F |
3.6 Latvia Temporary Power Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.7 Latvia Temporary Power Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
4 Latvia Temporary Power Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for temporary power solutions due to growing construction activities in Latvia |
4.2.2 Rise in the number of outdoor events and festivals requiring temporary power supply |
4.2.3 Growth in the industrial sector leading to higher need for temporary power solutions |
4.3 Market Restraints |
4.3.1 Fluctuating fuel prices impacting the cost of temporary power generation |
4.3.2 Stringent environmental regulations affecting the use of certain power generation methods |
4.3.3 Competition from alternative energy sources affecting the market for temporary power solutions |
5 Latvia Temporary Power Market Trends |
6 Latvia Temporary Power Market Segmentations |
6.1 Latvia Temporary Power Market, By Generator Rating |
6.1.1 Overview and Analysis |
6.1.2 Latvia Temporary Power Market Revenues & Volume, By Less than 80 kW, 2021-2031F |
6.1.3 Latvia Temporary Power Market Revenues & Volume, By 81-280kW, 2021-2031F |
6.1.4 Latvia Temporary Power Market Revenues & Volume, By 281-600 kW, 2021-2031F |
6.2 Latvia Temporary Power Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Temporary Power Market Revenues & Volume, By Events, 2021-2031F |
6.2.3 Latvia Temporary Power Market Revenues & Volume, By Utilities, 2021-2031F |
6.2.4 Latvia Temporary Power Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 Latvia Temporary Power Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 Latvia Temporary Power Market Revenues & Volume, By Mining, 2021-2031F |
6.2.7 Latvia Temporary Power Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3 Latvia Temporary Power Market, By Fuel Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Temporary Power Market Revenues & Volume, By Diesel, 2021-2031F |
6.3.3 Latvia Temporary Power Market Revenues & Volume, By Gas, 2021-2031F |
6.3.4 Latvia Temporary Power Market Revenues & Volume, By Others Duel Fuel & HFO, 2021-2031F |
7 Latvia Temporary Power Market Import-Export Trade Statistics |
7.1 Latvia Temporary Power Market Export to Major Countries |
7.2 Latvia Temporary Power Market Imports from Major Countries |
8 Latvia Temporary Power Market Key Performance Indicators |
8.1 Average daily rental rate for temporary power equipment |
8.2 Number of construction permits issued in Latvia |
8.3 Capacity utilization rate of temporary power equipment |
8.4 Number of outdoor events/festivals held in Latvia |
8.5 Percentage of industrial companies outsourcing temporary power solutions |
9 Latvia Temporary Power Market - Opportunity Assessment |
9.1 Latvia Temporary Power Market Opportunity Assessment, By Generator Rating, 2021 & 2031F |
9.2 Latvia Temporary Power Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.3 Latvia Temporary Power Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
10 Latvia Temporary Power Market - Competitive Landscape |
10.1 Latvia Temporary Power Market Revenue Share, By Companies, 2024 |
10.2 Latvia Temporary Power 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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