| Product Code: ETC5029183 | 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 |
The market for totalizing fluid meters and counting devices in Latvia saw a shift in concentration levels from low to moderate in 2024, indicating a more balanced distribution of imports among top exporting countries. Despite a declining CAGR of -7.86% from 2020 to 2024, the sharp decrease in growth rate by -27.78% in 2024 suggests a significant slowdown in import shipments. Germany, Poland, Lithuania, Denmark, and Finland emerged as key exporters to Latvia in 2024, highlighting the diverse sourcing channels for these essential devices. This shifting landscape presents opportunities for market players to adapt to changing dynamics and explore new growth strategies.

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 Totalizing Fluid Meter and Counting Device Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Totalizing Fluid Meter and Counting Device Market - Industry Life Cycle |
3.4 Latvia Totalizing Fluid Meter and Counting Device Market - Porter's Five Forces |
3.5 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Latvia Totalizing Fluid Meter and Counting Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for accurate measurement and monitoring of fluid flow in various industries such as oil gas, water & wastewater, and manufacturing. |
4.2.2 Growing emphasis on resource efficiency and conservation leading to the adoption of advanced metering and counting devices. |
4.2.3 Technological advancements in totalizing fluid meters enhancing their accuracy, reliability, and functionality. |
4.3 Market Restraints |
4.3.1 High initial investment required for the installation of totalizing fluid meters and counting devices. |
4.3.2 Lack of skilled professionals for the proper maintenance and calibration of these devices. |
4.3.3 Regulatory challenges and compliance requirements affecting the adoption of new metering technologies. |
5 Latvia Totalizing Fluid Meter and Counting Device Market Trends |
6 Latvia Totalizing Fluid Meter and Counting Device Market Segmentations |
6.1 Latvia Totalizing Fluid Meter and Counting Device Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Differential Pressure Flow Meters, 2021-2031F |
6.1.3 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Positive Displacement Flow Meters, 2021-2031F |
6.1.4 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Velocity Flow Meters, 2021-2031F |
6.1.5 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Mass Flow Meters, 2021-2031F |
6.1.6 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Open Channel Meters, 2021-2031F |
6.2 Latvia Totalizing Fluid Meter and Counting Device Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Water and Waste Water, 2021-2031F |
6.2.3 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Refining and Petrochemicals, 2021-2031F |
6.2.4 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Oil and Gas, 2021-2031F |
6.2.5 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.6 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Power Generation, 2021-2031F |
6.2.7 Latvia Totalizing Fluid Meter and Counting Device Market Revenues & Volume, By Pulp and Paper, 2021-2031F |
7 Latvia Totalizing Fluid Meter and Counting Device Market Import-Export Trade Statistics |
7.1 Latvia Totalizing Fluid Meter and Counting Device Market Export to Major Countries |
7.2 Latvia Totalizing Fluid Meter and Counting Device Market Imports from Major Countries |
8 Latvia Totalizing Fluid Meter and Counting Device Market Key Performance Indicators |
8.1 Adoption rate of smart totalizing fluid meters in key industries. |
8.2 Percentage increase in efficiency and accuracy of fluid measurement achieved through the use of advanced counting devices. |
8.3 Number of new patents or innovations in totalizing fluid meter technology. |
9 Latvia Totalizing Fluid Meter and Counting Device Market - Opportunity Assessment |
9.1 Latvia Totalizing Fluid Meter and Counting Device Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Totalizing Fluid Meter and Counting Device Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Latvia Totalizing Fluid Meter and Counting Device Market - Competitive Landscape |
10.1 Latvia Totalizing Fluid Meter and Counting Device Market Revenue Share, By Companies, 2024 |
10.2 Latvia Totalizing Fluid Meter and Counting Device Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |