| 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`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.

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 |