| Product Code: ETC5765457 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of MV protection relays to Lithuania in 2024 show a significant shift in concentration, with top exporting countries being Italy, Latvia, Germany, Finland, and Sweden. The market Herfindahl-Hirschman Index (HHI) indicates a transition from moderate to very low concentration from 2023 to 2024. Despite a negative Compound Annual Growth Rate (CAGR) of -11.53% from 2020 to 2024, the growth rate in 2024 experienced a steep decline of -24.09% compared to the previous year. This suggests a challenging market environment with changing dynamics in the Lithuanian MV protection relay industry.

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 Lithuania MV Protection Relay Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania MV Protection Relay Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania MV Protection Relay Market - Industry Life Cycle |
3.4 Lithuania MV Protection Relay Market - Porter's Five Forces |
3.5 Lithuania MV Protection Relay Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Lithuania MV Protection Relay Market Revenues & Volume Share, By Connected Load, 2021 & 2031F |
3.7 Lithuania MV Protection Relay Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Lithuania MV Protection Relay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on grid modernization and upgrading of electrical infrastructure in Lithuania |
4.2.2 Growing investments in renewable energy projects driving the demand for MV protection relays |
4.2.3 Stringent government regulations emphasizing the importance of grid reliability and stability |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with MV protection relays |
4.3.2 Lack of skilled workforce for installation and maintenance of MV protection relays |
4.3.3 Economic uncertainties impacting overall infrastructure spending in Lithuania |
5 Lithuania MV Protection Relay Market Trends |
6 Lithuania MV Protection Relay Market Segmentations |
6.1 Lithuania MV Protection Relay Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania MV Protection Relay Market Revenues & Volume, By Electromechanical & Static Relay, 2021-2031F |
6.1.3 Lithuania MV Protection Relay Market Revenues & Volume, By Digital & Numerical Relay, 2021-2031F |
6.2 Lithuania MV Protection Relay Market, By Connected Load |
6.2.1 Overview and Analysis |
6.2.2 Lithuania MV Protection Relay Market Revenues & Volume, By Feeder Lines, 2021-2031F |
6.2.3 Lithuania MV Protection Relay Market Revenues & Volume, By Transformers, 2021-2031F |
6.2.4 Lithuania MV Protection Relay Market Revenues & Volume, By Motors, 2021-2031F |
6.3 Lithuania MV Protection Relay Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Lithuania MV Protection Relay Market Revenues & Volume, By Utilities, 2021-2031F |
6.3.3 Lithuania MV Protection Relay Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.4 Lithuania MV Protection Relay Market Revenues & Volume, By Commercial & Institutional, 2021-2031F |
7 Lithuania MV Protection Relay Market Import-Export Trade Statistics |
7.1 Lithuania MV Protection Relay Market Export to Major Countries |
7.2 Lithuania MV Protection Relay Market Imports from Major Countries |
8 Lithuania MV Protection Relay Market Key Performance Indicators |
8.1 Percentage increase in renewable energy capacity in Lithuania |
8.2 Number of grid modernization projects initiated in the country |
8.3 Adoption rate of smart grid technologies in the electrical infrastructure sector |
8.4 Number of new regulations or standards related to grid reliability and stability implemented |
9 Lithuania MV Protection Relay Market - Opportunity Assessment |
9.1 Lithuania MV Protection Relay Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Lithuania MV Protection Relay Market Opportunity Assessment, By Connected Load, 2021 & 2031F |
9.3 Lithuania MV Protection Relay Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Lithuania MV Protection Relay Market - Competitive Landscape |
10.1 Lithuania MV Protection Relay Market Revenue Share, By Companies, 2024 |
10.2 Lithuania MV Protection Relay Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |