| Product Code: ETC7919715 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of process gas compressors to Latvia in 2024 saw a notable increase in concentration, shifting from moderate to high concentration levels compared to the previous year. China, Lithuania, Poland, Germany, and Netherlands emerged as the top exporting countries to Latvia in this sector. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained positive at 3.64%, indicating steady expansion in the market for process gas compressors 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 Process Gas Compressors Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Process Gas Compressors Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Process Gas Compressors Market - Industry Life Cycle |
3.4 Latvia Process Gas Compressors Market - Porter's Five Forces |
3.5 Latvia Process Gas Compressors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Process Gas Compressors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Process Gas Compressors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for process gas compressors in industries such as oil gas, chemical, and manufacturing. |
4.2.2 Growing focus on energy efficiency and sustainability, leading to the adoption of advanced compressor technologies. |
4.2.3 Expansion of industrial infrastructure and investments in the manufacturing sector in Latvia. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the manufacturing cost of process gas compressors. |
4.3.2 Regulatory challenges related to environmental standards and compliance. |
4.3.3 Economic uncertainties affecting investment decisions in industrial machinery. |
5 Latvia Process Gas Compressors Market Trends |
6 Latvia Process Gas Compressors Market, By Types |
6.1 Latvia Process Gas Compressors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Process Gas Compressors Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Process Gas Compressors Market Revenues & Volume, By Oil Injected, 2021- 2031F |
6.1.4 Latvia Process Gas Compressors Market Revenues & Volume, By Oil Free, 2021- 2031F |
6.2 Latvia Process Gas Compressors Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Process Gas Compressors Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.3 Latvia Process Gas Compressors Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.2.4 Latvia Process Gas Compressors Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.2.5 Latvia Process Gas Compressors Market Revenues & Volume, By Industrial Gases, 2021- 2031F |
6.2.6 Latvia Process Gas Compressors Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Process Gas Compressors Market Import-Export Trade Statistics |
7.1 Latvia Process Gas Compressors Market Export to Major Countries |
7.2 Latvia Process Gas Compressors Market Imports from Major Countries |
8 Latvia Process Gas Compressors Market Key Performance Indicators |
8.1 Energy efficiency improvements in process gas compressors. |
8.2 Number of new industrial projects utilizing process gas compressors. |
8.3 Adoption rate of advanced compressor technologies in the market. |
8.4 Maintenance and service contracts for process gas compressors. |
8.5 Efficiency of supply chain management for compressor components and spare parts. |
9 Latvia Process Gas Compressors Market - Opportunity Assessment |
9.1 Latvia Process Gas Compressors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Process Gas Compressors Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Process Gas Compressors Market - Competitive Landscape |
10.1 Latvia Process Gas Compressors Market Revenue Share, By Companies, 2024 |
10.2 Latvia Process Gas Compressors 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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