| Product Code: ETC7924771 | 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 |
In 2024, Latvia continued to see significant imports of wired occupancy sensors, with top exporting countries being Estonia, Germany, Poland, Lithuania, and Metropolitan France. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a moderate growth rate with a CAGR of 3.54% from 2020 to 2024. However, there was a slight decline in growth from 2023 to 2024, with a negative growth rate of -15.34%. This data suggests a stable market with some fluctuations in growth patterns.

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 Wired Occupancy Sensors Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wired Occupancy Sensors Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wired Occupancy Sensors Market - Industry Life Cycle |
3.4 Latvia Wired Occupancy Sensors Market - Porter's Five Forces |
3.5 Latvia Wired Occupancy Sensors Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Wired Occupancy Sensors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on energy efficiency and sustainability in buildings |
4.2.2 Stringent government regulations promoting the use of occupancy sensors for energy conservation |
4.2.3 Growing demand for smart building solutions and automation technologies |
4.3 Market Restraints |
4.3.1 High initial cost of installation and integration of wired occupancy sensors |
4.3.2 Lack of awareness and understanding among end-users about the benefits of occupancy sensors |
4.3.3 Limited availability of skilled professionals for installation and maintenance of these sensors |
5 Latvia Wired Occupancy Sensors Market Trends |
6 Latvia Wired Occupancy Sensors Market, By Types |
6.1 Latvia Wired Occupancy Sensors Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Residential, 2021- 2031F |
6.1.4 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Corporate Offices, 2021- 2031F |
6.1.5 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Hotels, 2021- 2031F |
6.1.6 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Educational, 2021- 2031F |
6.1.7 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Industrial, 2021- 2031F |
6.1.8 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Medical and Healthcare, 2021- 2031F |
6.1.9 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Other Application, 2021- 2031F |
6.1.10 Latvia Wired Occupancy Sensors Market Revenues & Volume, By Other Application, 2021- 2031F |
7 Latvia Wired Occupancy Sensors Market Import-Export Trade Statistics |
7.1 Latvia Wired Occupancy Sensors Market Export to Major Countries |
7.2 Latvia Wired Occupancy Sensors Market Imports from Major Countries |
8 Latvia Wired Occupancy Sensors Market Key Performance Indicators |
8.1 Energy savings achieved through the use of wired occupancy sensors |
8.2 Increase in the number of commercial buildings adopting wired occupancy sensors |
8.3 Reduction in carbon footprint attributed to the installation of occupancy sensors |
9 Latvia Wired Occupancy Sensors Market - Opportunity Assessment |
9.1 Latvia Wired Occupancy Sensors Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Wired Occupancy Sensors Market - Competitive Landscape |
10.1 Latvia Wired Occupancy Sensors Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wired Occupancy Sensors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |