Latvia Thermal Energy Storage Market (2025-2031) | Forecast, Growth, Share, Companies, Industry, Size & Revenue, Competitive Landscape, Value, Segmentation, Outlook, Trends, Analysis

Market Forecast By Product (Sensible Heat Storage, Latent Heat Storage, Thermochemical Heat Storage), By Technology (Molten Salt Technology, Electric Thermal Storage Heaters, Solar Energy Storage, Ice-based Technology, Miscibility Gap Alloy Technology), By Application (Process Heating & Cooling, District Heating & Cooling, Power Generation, Ice storage air-conditioning, Others) And Competitive Landscape
Product Code: ETC7923150 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Shubham Padhi No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Thermal Energy Storage Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s thermal energy storage import market saw a significant shift in concentration from 2023 to 2024, with a notable increase in the Herfindahl-Hirschman Index (HHI). Top exporting countries like Italy, Germany, Sweden, UK, and Lithuania played a crucial role in supplying thermal energy storage solutions to Latvia. The impressive Compound Annual Growth Rate (CAGR) of 11.39% from 2020 to 2024 indicates a growing demand for these products. Moreover, the remarkable growth rate of 39.47% from 2023 to 2024 underscores the accelerating pace of import shipments in the Latvian market.

Latvia Thermal Energy Storage Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Thermal Energy Storage Market Outlook
  • Market Size of Latvia Thermal Energy Storage Market, 2024
  • Forecast of Latvia Thermal Energy Storage Market, 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Revenues & Volume for the Period 2021- 2031
  • Latvia Thermal Energy Storage Market Trend Evolution
  • Latvia Thermal Energy Storage Market Drivers and Challenges
  • Latvia Thermal Energy Storage Price Trends
  • Latvia Thermal Energy Storage Porter's Five Forces
  • Latvia Thermal Energy Storage Industry Life Cycle
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Product for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Sensible Heat Storage for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Latent Heat Storage for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Thermochemical Heat Storage for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Technology for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Molten Salt Technology for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Electric Thermal Storage Heaters for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Solar Energy Storage for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Ice-based Technology for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Miscibility Gap Alloy Technology for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Process Heating & Cooling for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By District Heating & Cooling for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Power Generation for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Ice storage air-conditioning for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Thermal Energy Storage Market Revenues & Volume By Others for the Period 2021- 2031
  • Latvia Thermal Energy Storage Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Technology
  • Market Opportunity Assessment By Application
  • Latvia Thermal Energy Storage Top Companies Market Share
  • Latvia Thermal Energy Storage Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Thermal Energy Storage Company Profiles
  • Latvia Thermal Energy Storage Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Thermal Energy Storage Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Thermal Energy Storage Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Thermal Energy Storage Market - Industry Life Cycle

3.4 Latvia Thermal Energy Storage Market - Porter's Five Forces

3.5 Latvia Thermal Energy Storage Market Revenues & Volume Share, By Product, 2021 & 2031F

3.6 Latvia Thermal Energy Storage Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 Latvia Thermal Energy Storage Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Thermal Energy Storage Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing focus on renewable energy sources in Latvia

4.2.2 Government initiatives promoting energy efficiency and sustainability

4.2.3 Growing demand for district heating systems in Latvia

4.3 Market Restraints

4.3.1 High initial investment costs for thermal energy storage systems

4.3.2 Lack of awareness and understanding of thermal energy storage technology

4.3.3 Regulatory challenges and policy uncertainties in the energy sector

5 Latvia Thermal Energy Storage Market Trends

6 Latvia Thermal Energy Storage Market, By Types

6.1 Latvia Thermal Energy Storage Market, By Product

6.1.1 Overview and Analysis

6.1.2 Latvia Thermal Energy Storage Market Revenues & Volume, By Product, 2021- 2031F

6.1.3 Latvia Thermal Energy Storage Market Revenues & Volume, By Sensible Heat Storage, 2021- 2031F

6.1.4 Latvia Thermal Energy Storage Market Revenues & Volume, By Latent Heat Storage, 2021- 2031F

6.1.5 Latvia Thermal Energy Storage Market Revenues & Volume, By Thermochemical Heat Storage, 2021- 2031F

6.2 Latvia Thermal Energy Storage Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Latvia Thermal Energy Storage Market Revenues & Volume, By Molten Salt Technology, 2021- 2031F

6.2.3 Latvia Thermal Energy Storage Market Revenues & Volume, By Electric Thermal Storage Heaters, 2021- 2031F

6.2.4 Latvia Thermal Energy Storage Market Revenues & Volume, By Solar Energy Storage, 2021- 2031F

6.2.5 Latvia Thermal Energy Storage Market Revenues & Volume, By Ice-based Technology, 2021- 2031F

6.2.6 Latvia Thermal Energy Storage Market Revenues & Volume, By Miscibility Gap Alloy Technology, 2021- 2031F

6.3 Latvia Thermal Energy Storage Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Thermal Energy Storage Market Revenues & Volume, By Process Heating & Cooling, 2021- 2031F

6.3.3 Latvia Thermal Energy Storage Market Revenues & Volume, By District Heating & Cooling, 2021- 2031F

6.3.4 Latvia Thermal Energy Storage Market Revenues & Volume, By Power Generation, 2021- 2031F

6.3.5 Latvia Thermal Energy Storage Market Revenues & Volume, By Ice storage air-conditioning, 2021- 2031F

6.3.6 Latvia Thermal Energy Storage Market Revenues & Volume, By Others, 2021- 2031F

7 Latvia Thermal Energy Storage Market Import-Export Trade Statistics

7.1 Latvia Thermal Energy Storage Market Export to Major Countries

7.2 Latvia Thermal Energy Storage Market Imports from Major Countries

8 Latvia Thermal Energy Storage Market Key Performance Indicators

8.1 Percentage of renewable energy sources in Latvia's energy mix

8.2 Number of government schemes or incentives supporting energy efficiency projects

8.3 Growth in the installation of district heating systems in Latvia

8.4 Energy consumption reduction achieved through thermal energy storage systems

8.5 Number of research and development projects focused on improving thermal energy storage technology in Latvia

9 Latvia Thermal Energy Storage Market - Opportunity Assessment

9.1 Latvia Thermal Energy Storage Market Opportunity Assessment, By Product, 2021 & 2031F

9.2 Latvia Thermal Energy Storage Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 Latvia Thermal Energy Storage Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Thermal Energy Storage Market - Competitive Landscape

10.1 Latvia Thermal Energy Storage Market Revenue Share, By Companies, 2024

10.2 Latvia Thermal Energy Storage Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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