| Product Code: ETC7913520 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The intelligent power module (IPM) import shipments to Latvia in 2024 were primarily sourced from China, USA, Taiwan, Province of China, Germany, and the Philippines. The market saw a significant shift in concentration levels with HHI transitioning from low to very high in just one year. The compound annual growth rate (CAGR) for the period 2020-2024 was -7.67%, indicating a decline in imports over the years. The growth rate from 2023 to 2024 further plummeted by -53.38%, reflecting a challenging market environment for IPM imports in Latvia.

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 Intelligent Power Module (IPM) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Intelligent Power Module (IPM) Market - Industry Life Cycle |
3.4 Latvia Intelligent Power Module (IPM) Market - Porter's Five Forces |
3.5 Latvia Intelligent Power Module (IPM) Market Revenues & Volume Share, By Current Rating, 2021 & 2031F |
3.6 Latvia Intelligent Power Module (IPM) Market Revenues & Volume Share, By Voltage Rating, 2021 & 2031F |
3.7 Latvia Intelligent Power Module (IPM) Market Revenues & Volume Share, By Circuit Configuartion, 2021 & 2031F |
3.8 Latvia Intelligent Power Module (IPM) Market Revenues & Volume Share, By Power Device, 2021 & 2031F |
3.9 Latvia Intelligent Power Module (IPM) Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Latvia Intelligent Power Module (IPM) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions in Latvia |
4.2.2 Growing focus on renewable energy sources |
4.2.3 Technological advancements in intelligent power module (IPM) technology |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing IPM solutions |
4.3.2 Lack of skilled professionals in the IPM industry |
4.3.3 Regulatory challenges and compliance issues |
5 Latvia Intelligent Power Module (IPM) Market Trends |
6 Latvia Intelligent Power Module (IPM) Market, By Types |
6.1 Latvia Intelligent Power Module (IPM) Market, By Current Rating |
6.1.1 Overview and Analysis |
6.1.2 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Current Rating, 2021- 2031F |
6.1.3 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Up to 100 A, 2021- 2031F |
6.1.4 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By 101600 A, 2021- 2031F |
6.1.5 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Above 600 A, 2021- 2031F |
6.2 Latvia Intelligent Power Module (IPM) Market, By Voltage Rating |
6.2.1 Overview and Analysis |
6.2.2 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Up to 600 V, 2021- 2031F |
6.2.3 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By 60112,00 V, 2021- 2031F |
6.2.4 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Above 1,200 V, 2021- 2031F |
6.3 Latvia Intelligent Power Module (IPM) Market, By Circuit Configuartion |
6.3.1 Overview and Analysis |
6.3.2 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By 6-Pack, 2021- 2031F |
6.3.3 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By 7-Pack, 2021- 2031F |
6.3.4 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Intelligent Power Module (IPM) Market, By Power Device |
6.4.1 Overview and Analysis |
6.4.2 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By IGBT, 2021- 2031F |
6.4.3 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By MOSFET, 2021- 2031F |
6.5 Latvia Intelligent Power Module (IPM) Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.5.3 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By ICT, 2021- 2031F |
6.5.4 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Automotive, 2021- 2031F |
6.5.5 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Industrial, 2021- 2031F |
6.5.6 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.5.7 Latvia Intelligent Power Module (IPM) Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Intelligent Power Module (IPM) Market Import-Export Trade Statistics |
7.1 Latvia Intelligent Power Module (IPM) Market Export to Major Countries |
7.2 Latvia Intelligent Power Module (IPM) Market Imports from Major Countries |
8 Latvia Intelligent Power Module (IPM) Market Key Performance Indicators |
8.1 Energy savings achieved through IPM installations |
8.2 Number of new IPM technologies adopted in Latvia |
8.3 Reduction in carbon footprint with the use of IPMs |
8.4 Efficiency improvement in power systems through IPM implementation |
8.5 Rate of adoption of IPM solutions by key industries in Latvia |
9 Latvia Intelligent Power Module (IPM) Market - Opportunity Assessment |
9.1 Latvia Intelligent Power Module (IPM) Market Opportunity Assessment, By Current Rating, 2021 & 2031F |
9.2 Latvia Intelligent Power Module (IPM) Market Opportunity Assessment, By Voltage Rating, 2021 & 2031F |
9.3 Latvia Intelligent Power Module (IPM) Market Opportunity Assessment, By Circuit Configuartion, 2021 & 2031F |
9.4 Latvia Intelligent Power Module (IPM) Market Opportunity Assessment, By Power Device, 2021 & 2031F |
9.5 Latvia Intelligent Power Module (IPM) Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Latvia Intelligent Power Module (IPM) Market - Competitive Landscape |
10.1 Latvia Intelligent Power Module (IPM) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Intelligent Power Module (IPM) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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