Latvia Wind Turbine Market (2025-2031) | Growth, Share, Trends, Competitive Landscape, Size & Revenue, Forecast, Analysis, Companies, Outlook, Industry, Segmentation, Value
Market Forecast By Type (Horizontal, Vertical), By Installation (Onshore, Offshore), By Component (Rotator Blade, Gearbox, Generator, Nacelle, Others), By Application (Industrial, Commercial, Residential, Utility) And Competitive Landscape
| Product Code: ETC7924726 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Latvia Wind Turbine Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Despite a decline in the growth rate of wind turbine imports to Latvia in 2024, the country continued to rely on imports from key players such as China, Hong Kong, Metropolitan France, Canada, and Lithuania. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to pricing power among suppliers. The negative Compound Annual Growth Rate (CAGR) suggests a challenging market environment, with a significant decrease in the value of wind turbine imports over the past four years. The steep decline in growth rate from 2023 to 2024 highlights potential obstacles faced by the industry in Latvia.
Key Highlights of the Report:
- Latvia Wind Turbine Market Outlook
- Market Size of Latvia Wind Turbine Market, 2024
- Forecast of Latvia Wind Turbine Market, 2031
- Historical Data and Forecast of Latvia Wind Turbine Revenues & Volume for the Period 2021- 2031
- Latvia Wind Turbine Market Trend Evolution
- Latvia Wind Turbine Market Drivers and Challenges
- Latvia Wind Turbine Price Trends
- Latvia Wind Turbine Porter's Five Forces
- Latvia Wind Turbine Industry Life Cycle
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Horizontal for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Vertical for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Installation for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Onshore for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Offshore for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Component for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Rotator Blade for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Gearbox for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Generator for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Nacelle for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Others for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Application for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Industrial for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Commercial for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Residential for the Period 2021- 2031
- Historical Data and Forecast of Latvia Wind Turbine Market Revenues & Volume By Utility for the Period 2021- 2031
- Latvia Wind Turbine Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Installation
- Market Opportunity Assessment By Component
- Market Opportunity Assessment By Application
- Latvia Wind Turbine Top Companies Market Share
- Latvia Wind Turbine Competitive Benchmarking By Technical and Operational Parameters
- Latvia Wind Turbine Company Profiles
- Latvia Wind Turbine Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Wind Turbine Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Wind Turbine Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Wind Turbine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wind Turbine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wind Turbine Market - Industry Life Cycle |
3.4 Latvia Wind Turbine Market - Porter's Five Forces |
3.5 Latvia Wind Turbine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Wind Turbine Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.7 Latvia Wind Turbine Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Latvia Wind Turbine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Wind Turbine 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 and incentives to promote wind energy |
4.2.3 Growing awareness and concern about environmental sustainability |
4.3 Market Restraints |
4.3.1 High upfront costs of wind turbine installation |
4.3.2 Limited grid infrastructure for wind energy integration |
4.3.3 Regulatory challenges and permitting issues |
5 Latvia Wind Turbine Market Trends |
6 Latvia Wind Turbine Market, By Types |
6.1 Latvia Wind Turbine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wind Turbine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Wind Turbine Market Revenues & Volume, By Horizontal, 2021- 2031F |
6.1.4 Latvia Wind Turbine Market Revenues & Volume, By Vertical, 2021- 2031F |
6.2 Latvia Wind Turbine Market, By Installation |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wind Turbine Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Latvia Wind Turbine Market Revenues & Volume, By Offshore, 2021- 2031F |
6.3 Latvia Wind Turbine Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Latvia Wind Turbine Market Revenues & Volume, By Rotator Blade, 2021- 2031F |
6.3.3 Latvia Wind Turbine Market Revenues & Volume, By Gearbox, 2021- 2031F |
6.3.4 Latvia Wind Turbine Market Revenues & Volume, By Generator, 2021- 2031F |
6.3.5 Latvia Wind Turbine Market Revenues & Volume, By Nacelle, 2021- 2031F |
6.3.6 Latvia Wind Turbine Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Wind Turbine Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Wind Turbine Market Revenues & Volume, By Industrial, 2021- 2031F |
6.4.3 Latvia Wind Turbine Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.4 Latvia Wind Turbine Market Revenues & Volume, By Residential, 2021- 2031F |
6.4.5 Latvia Wind Turbine Market Revenues & Volume, By Utility, 2021- 2031F |
7 Latvia Wind Turbine Market Import-Export Trade Statistics |
7.1 Latvia Wind Turbine Market Export to Major Countries |
7.2 Latvia Wind Turbine Market Imports from Major Countries |
8 Latvia Wind Turbine Market Key Performance Indicators |
8.1 Average capacity utilization rate of wind turbines in Latvia |
8.2 Investment in research and development for wind turbine technology |
8.3 Percentage increase in wind energy capacity compared to previous years |
9 Latvia Wind Turbine Market - Opportunity Assessment |
9.1 Latvia Wind Turbine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Wind Turbine Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.3 Latvia Wind Turbine Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 Latvia Wind Turbine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Wind Turbine Market - Competitive Landscape |
10.1 Latvia Wind Turbine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wind Turbine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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