| Product Code: ETC5139972 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a shift in its thyristor import sources, with Metropolitan France, Germany, Estonia, Poland, and Netherlands emerging as top contributors. The market moved from high to moderate concentration, indicating increased diversification. Despite a significant decline in CAGR and growth rate, the changing landscape suggests opportunities for market expansion and resilience. Monitoring emerging trends and fostering partnerships with diverse suppliers can help navigate uncertainties and drive sustainable growth in the Latvian thyristor import market.

By 2027, the Thyristor market in Latvia is anticipated to reach a growth rate of 0.60%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Thyristor Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Thyristor Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Thyristor Market - Industry Life Cycle |
3.4 Latvia Thyristor Market - Porter's Five Forces |
3.5 Latvia Thyristor Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.6 Latvia Thyristor Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Latvia Thyristor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of renewable energy sources in Latvia |
4.2.2 Growth in industrial automation and power electronics sectors |
4.2.3 Technological advancements in thyristor design and manufacturing |
4.3 Market Restraints |
4.3.1 Economic instability and fluctuations in Latvia |
4.3.2 Competition from alternative power semiconductor devices |
4.3.3 Regulatory challenges and compliance requirements |
5 Latvia Thyristor Market Trends |
6 Latvia Thyristor Market Segmentations |
6.1 Latvia Thyristor Market, By Power Rating |
6.1.1 Overview and Analysis |
6.1.2 Latvia Thyristor Market Revenues & Volume, By Below 5OO MW, 2021-2031F |
6.1.3 Latvia Thyristor Market Revenues & Volume, By 500 MW-999 MW, 2021-2031F |
6.1.4 Latvia Thyristor Market Revenues & Volume, By 1000 MW and above, 2021-2031F |
6.2 Latvia Thyristor Market, By Industry Vertical |
6.2.1 Overview and Analysis |
6.2.2 Latvia Thyristor Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.2.3 Latvia Thyristor Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Latvia Thyristor Market Revenues & Volume, By Telecommunication & Networking, 2021-2031F |
6.2.5 Latvia Thyristor Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.6 Latvia Thyristor Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.7 Latvia Thyristor Market Revenues & Volume, By Healthcare, 2021-2031F |
7 Latvia Thyristor Market Import-Export Trade Statistics |
7.1 Latvia Thyristor Market Export to Major Countries |
7.2 Latvia Thyristor Market Imports from Major Countries |
8 Latvia Thyristor Market Key Performance Indicators |
8.1 Average selling price (ASP) of thyristors in Latvia |
8.2 Number of new product launches and innovations in the thyristor market |
8.3 Adoption rate of thyristors in key industries in Latvia |
8.4 Investment in research and development for thyristor technology |
8.5 Energy efficiency improvements achieved through thyristor applications |
9 Latvia Thyristor Market - Opportunity Assessment |
9.1 Latvia Thyristor Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.2 Latvia Thyristor Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Latvia Thyristor Market - Competitive Landscape |
10.1 Latvia Thyristor Market Revenue Share, By Companies, 2024 |
10.2 Latvia Thyristor 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.
To discover high-growth global markets and optimize your business strategy:
Click Here