| Product Code: ETC7923928 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of Vapor Recovery Units (VRU) to Latvia in 2024 were primarily sourced from Poland, Germany, Lithuania, China, and Azerbaijan. The market shows a healthy Compound Annual Growth Rate (CAGR) of 9.7% from 2020 to 2024, with a notable growth rate of 5.93% from 2023 to 2024. Despite the presence of key exporting countries, the Herfindahl-Hirschman Index (HHI) indicates low market concentration, suggesting a diverse and competitive landscape for VRU imports in Latvia. This data reflects a promising outlook for the VRU market in the country.

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 Vapor Recovery Unit (VRU) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vapor Recovery Unit (VRU) Market - Industry Life Cycle |
3.4 Latvia Vapor Recovery Unit (VRU) Market - Porter's Five Forces |
3.5 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Vapor Recovery Unit (VRU) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing environmental regulations in Latvia promoting the adoption of vapor recovery units |
4.2.2 Growing awareness about the environmental impact of vapor emissions driving demand for VRUs |
4.2.3 Rising focus on sustainability and reducing carbon footprint in industries |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing vapor recovery units |
4.3.2 Limited technological advancements and availability of efficient VRU systems in the market |
4.3.3 Lack of skilled workforce for operating and maintaining VRUs |
5 Latvia Vapor Recovery Unit (VRU) Market Trends |
6 Latvia Vapor Recovery Unit (VRU) Market, By Types |
6.1 Latvia Vapor Recovery Unit (VRU) Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Condensation VRU, 2021- 2031F |
6.1.4 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Membrane Separation VRU, 2021- 2031F |
6.1.5 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Adsorption VRU, 2021- 2031F |
6.1.6 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Absorption VRU, 2021- 2031F |
6.1.7 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Rotary VRU, 2021- 2031F |
6.2 Latvia Vapor Recovery Unit (VRU) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Upstream, 2021- 2031F |
6.2.3 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Midstream, 2021- 2031F |
6.2.4 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Downstream, 2021- 2031F |
6.3 Latvia Vapor Recovery Unit (VRU) Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.3.3 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.3.4 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.3.5 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.3.6 Latvia Vapor Recovery Unit (VRU) Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Vapor Recovery Unit (VRU) Market Import-Export Trade Statistics |
7.1 Latvia Vapor Recovery Unit (VRU) Market Export to Major Countries |
7.2 Latvia Vapor Recovery Unit (VRU) Market Imports from Major Countries |
8 Latvia Vapor Recovery Unit (VRU) Market Key Performance Indicators |
8.1 Percentage increase in the number of industrial installations using VRUs |
8.2 Average reduction in vapor emissions achieved by implementing VRUs |
8.3 Number of new partnerships between VRU manufacturers and local industries for technology transfer and knowledge sharing |
9 Latvia Vapor Recovery Unit (VRU) Market - Opportunity Assessment |
9.1 Latvia Vapor Recovery Unit (VRU) Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Vapor Recovery Unit (VRU) Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Vapor Recovery Unit (VRU) Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Vapor Recovery Unit (VRU) Market - Competitive Landscape |
10.1 Latvia Vapor Recovery Unit (VRU) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vapor Recovery Unit (VRU) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |