Latvia Battery Energy Storage Market (2025-2031) | Share, Trends, Outlook, Revenue, Forecast, Analysis, Companies, Industry, Segmentation, Size, Growth & Value
Market Forecast By Type (Lithium-ion Battery, Lead Acid Battery, Flow Battery, Others), By Connectivity (Off-Grid, On-Grid), By Application (Residential, Non-Residential, Utility, Others), By Ownership (Customer Owned, Third-Party Owned, Utility Owned), By Capacity (Small Scale (Less than 1 MW), Large Scale (Greater than 1 MW)) And Competitive Landscape
| Product Code: ETC5110180 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia Battery Energy Storage Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The battery energy storage import market in Latvia saw a significant shift in concentration levels from moderate to high in 2024, with top exporting countries being Germany, Poland, Lithuania, Estonia, and the USA. Despite a negative growth rate of -25.52% in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 3.21%. This changing landscape suggests a dynamic market environment with potential opportunities for businesses to explore in the battery energy storage sector in Latvia.
Battery Energy Storage Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
By 2027, the Battery Energy Storage market in Latvia is anticipated to reach a growth rate of 1.35%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.
Key Highlights of the Report:
- Latvia Battery Energy Storage Market Outlook
- Market Size of Latvia Battery Energy Storage Market, 2024
- Forecast of Latvia Battery Energy Storage Market, 2031
- Historical Data and Forecast of Latvia Battery Energy Storage Revenues & Volume for the Period 2021-2031
- Latvia Battery Energy Storage Market Trend Evolution
- Latvia Battery Energy Storage Market Drivers and Challenges
- Latvia Battery Energy Storage Price Trends
- Latvia Battery Energy Storage Porter`s Five Forces
- Latvia Battery Energy Storage Industry Life Cycle
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Lithium-ion Battery for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Lead Acid Battery for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Flow Battery for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Connectivity for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Off-Grid for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By On-Grid for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Residential for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Non-Residential for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Utility for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Ownership for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Customer Owned for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Third-Party Owned for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Utility Owned for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Capacity for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Small Scale (Less than 1 MW) for the Period 2021-2031
- Historical Data and Forecast of Latvia Battery Energy Storage Market Revenues & Volume By Large Scale (Greater than 1 MW) for the Period 2021-2031
- Latvia Battery Energy Storage Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Connectivity
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Ownership
- Market Opportunity Assessment By Capacity
- Latvia Battery Energy Storage Top Companies Market Share
- Latvia Battery Energy Storage Competitive Benchmarking By Technical and Operational Parameters
- Latvia Battery Energy Storage Company Profiles
- Latvia Battery Energy Storage Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Battery Energy Storage 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 Battery Energy Storage 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 Battery Energy Storage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Battery Energy Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Battery Energy Storage Market - Industry Life Cycle |
3.4 Latvia Battery Energy Storage Market - Porter's Five Forces |
3.5 Latvia Battery Energy Storage Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Battery Energy Storage Market Revenues & Volume Share, By Connectivity, 2021 & 2031F |
3.7 Latvia Battery Energy Storage Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Battery Energy Storage Market Revenues & Volume Share, By Ownership, 2021 & 2031F |
3.9 Latvia Battery Energy Storage Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Latvia Battery Energy Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources in Latvia |
4.2.2 Government initiatives and policies promoting energy storage solutions |
4.2.3 Growing awareness about the benefits of battery energy storage systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with battery energy storage systems |
4.3.2 Lack of standardized regulations and policies for energy storage in Latvia |
4.3.3 Limited technological advancements in the battery energy storage sector |
5 Latvia Battery Energy Storage Market Trends |
6 Latvia Battery Energy Storage Market Segmentations |
6.1 Latvia Battery Energy Storage Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Battery Energy Storage Market Revenues & Volume, By Lithium-ion Battery, 2021-2031F |
6.1.3 Latvia Battery Energy Storage Market Revenues & Volume, By Lead Acid Battery, 2021-2031F |
6.1.4 Latvia Battery Energy Storage Market Revenues & Volume, By Flow Battery, 2021-2031F |
6.1.5 Latvia Battery Energy Storage Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Battery Energy Storage Market, By Connectivity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Battery Energy Storage Market Revenues & Volume, By Off-Grid, 2021-2031F |
6.2.3 Latvia Battery Energy Storage Market Revenues & Volume, By On-Grid, 2021-2031F |
6.3 Latvia Battery Energy Storage Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Battery Energy Storage Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Latvia Battery Energy Storage Market Revenues & Volume, By Non-Residential, 2021-2031F |
6.3.4 Latvia Battery Energy Storage Market Revenues & Volume, By Utility, 2021-2031F |
6.3.5 Latvia Battery Energy Storage Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Battery Energy Storage Market, By Ownership |
6.4.1 Overview and Analysis |
6.4.2 Latvia Battery Energy Storage Market Revenues & Volume, By Customer Owned, 2021-2031F |
6.4.3 Latvia Battery Energy Storage Market Revenues & Volume, By Third-Party Owned, 2021-2031F |
6.4.4 Latvia Battery Energy Storage Market Revenues & Volume, By Utility Owned, 2021-2031F |
6.5 Latvia Battery Energy Storage Market, By Capacity |
6.5.1 Overview and Analysis |
6.5.2 Latvia Battery Energy Storage Market Revenues & Volume, By Small Scale (Less than 1 MW), 2021-2031F |
6.5.3 Latvia Battery Energy Storage Market Revenues & Volume, By Large Scale (Greater than 1 MW), 2021-2031F |
7 Latvia Battery Energy Storage Market Import-Export Trade Statistics |
7.1 Latvia Battery Energy Storage Market Export to Major Countries |
7.2 Latvia Battery Energy Storage Market Imports from Major Countries |
8 Latvia Battery Energy Storage Market Key Performance Indicators |
8.1 Average cost of battery energy storage systems in Latvia |
8.2 Number of government incentives and subsidies for energy storage projects |
8.3 Growth rate of renewable energy capacity in Latvia |
9 Latvia Battery Energy Storage Market - Opportunity Assessment |
9.1 Latvia Battery Energy Storage Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Battery Energy Storage Market Opportunity Assessment, By Connectivity, 2021 & 2031F |
9.3 Latvia Battery Energy Storage Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Battery Energy Storage Market Opportunity Assessment, By Ownership, 2021 & 2031F |
9.5 Latvia Battery Energy Storage Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Latvia Battery Energy Storage Market - Competitive Landscape |
10.1 Latvia Battery Energy Storage Market Revenue Share, By Companies, 2024 |
10.2 Latvia Battery Energy Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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