| Product Code: ETC5140238 | 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 |
Latvia`s transformer core import market saw significant growth in 2024, with top exporters including Italy, Germany, Metropolitan France, Estonia, and China. The market concentration, as measured by the HHI, increased from high to very high in just one year, indicating a more consolidated market landscape. The impressive CAGR of 51.36% from 2020 to 2024 demonstrates the rapid expansion of the market, while the growth rate of 69.73% from 2023 to 2024 highlights the accelerating pace of development within the industry. These trends indicate a dynamic and competitive market environment for transformer core imports in Latvia.

Latvia's Transformer Core market is anticipated to experience a stable growth rate of 0.55% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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 Transformer Core Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Transformer Core Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Transformer Core Market - Industry Life Cycle |
3.4 Latvia Transformer Core Market - Porter's Five Forces |
3.5 Latvia Transformer Core Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Latvia Transformer Core Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Latvia Transformer Core Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Latvia Transformer Core Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.9 Latvia Transformer Core Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Transformer Core Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Latvia |
4.2.2 Government initiatives to promote renewable energy sources |
4.2.3 Technological advancements in transformer core materials |
4.2.4 Growing industrial sector in Latvia |
4.2.5 Expansion of the power transmission and distribution network in the country |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Environmental regulations impacting transformer core production |
4.3.3 Competition from substitute materials or technologies |
4.3.4 Economic fluctuations affecting investment in infrastructure projects |
4.3.5 Supply chain disruptions due to global events |
5 Latvia Transformer Core Market Trends |
6 Latvia Transformer Core Market Segmentations |
6.1 Latvia Transformer Core Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Latvia Transformer Core Market Revenues & Volume, By Closed, 2021-2031F |
6.1.3 Latvia Transformer Core Market Revenues & Volume, By Shell, 2021-2031F |
6.1.4 Latvia Transformer Core Market Revenues & Volume, By Berry, 2021-2031F |
6.2 Latvia Transformer Core Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Latvia Transformer Core Market Revenues & Volume, By Distribution Transformer, 2021-2031F |
6.2.3 Latvia Transformer Core Market Revenues & Volume, By Power Transformer, 2021-2031F |
6.2.4 Latvia Transformer Core Market Revenues & Volume, By Instrument Transformer, 2021-2031F |
6.3 Latvia Transformer Core Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Latvia Transformer Core Market Revenues & Volume, By Two Winding, 2021-2031F |
6.3.3 Latvia Transformer Core Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.3.4 Latvia Transformer Core Market Revenues & Volume, By Cooling, 2021-2031F |
6.3.5 Latvia Transformer Core Market Revenues & Volume, By Dry Type, 2021-2031F |
6.3.6 Latvia Transformer Core Market Revenues & Volume, By Self-Cooled, 2021-2031F |
6.4 Latvia Transformer Core Market, By Insulation |
6.4.1 Overview and Analysis |
6.4.2 Latvia Transformer Core Market Revenues & Volume, By Gas, 2021-2031F |
6.4.3 Latvia Transformer Core Market Revenues & Volume, By Oil, 2021-2031F |
6.4.4 Latvia Transformer Core Market Revenues & Volume, By Solid, 2021-2031F |
6.4.5 Latvia Transformer Core Market Revenues & Volume, By Air, 2021-2031F |
6.5 Latvia Transformer Core Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Latvia Transformer Core Market Revenues & Volume, By Residential & Commercial, 2021-2031F |
6.5.3 Latvia Transformer Core Market Revenues & Volume, By Utility, 2021-2031F |
6.5.4 Latvia Transformer Core Market Revenues & Volume, By Industrial, 2021-2031F |
7 Latvia Transformer Core Market Import-Export Trade Statistics |
7.1 Latvia Transformer Core Market Export to Major Countries |
7.2 Latvia Transformer Core Market Imports from Major Countries |
8 Latvia Transformer Core Market Key Performance Indicators |
8.1 Percentage increase in renewable energy capacity in Latvia |
8.2 Average age of transformer core infrastructure in the country |
8.3 Number of new power transmission projects initiated |
8.4 Investment in research and development for transformer core materials |
8.5 Energy efficiency improvements in transformer core technology |
9 Latvia Transformer Core Market - Opportunity Assessment |
9.1 Latvia Transformer Core Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Latvia Transformer Core Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Latvia Transformer Core Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Latvia Transformer Core Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.5 Latvia Transformer Core Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Transformer Core Market - Competitive Landscape |
10.1 Latvia Transformer Core Market Revenue Share, By Companies, 2024 |
10.2 Latvia Transformer Core Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |