Latvia Vacuum Pumps Market (2025-2031) | Companies, Share, Forecast, Analysis, Outlook, Value, Industry, Trends, Size, Growth, Revenue & Segmentation
Market Forecast By Lubrication (Dry, Wet), By Technology (Gas Capture/Binding Pumps, Gas Transfer Pumps), By Product Type (Low vacuum pumps, Medium vacuum pumps, High vacuum pumps), By End-Users (Chemical & pharmaceutical, Semiconductor & electronics, Oil & gas, Food & beverages, Wood, paper & pulp, Other) And Competitive Landscape
| Product Code: ETC5080255 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia Vacuum Pumps Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s import of vacuum pumps in 2024 continued to be dominated by top exporters such as Norway, Germany, Netherlands, Italy, and Sweden. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. With a strong compound annual growth rate (CAGR) of 10.36% from 2020 to 2024 and a notable growth rate of 22.7% from 2023 to 2024, the demand for vacuum pumps in Latvia is showing robust expansion and presents opportunities for further market development.
Key Highlights of the Report:
- Latvia Vacuum Pumps Market Outlook
- Market Size of Latvia Vacuum Pumps Market, 2024
- Forecast of Latvia Vacuum Pumps Market, 2031
- Historical Data and Forecast of Latvia Vacuum Pumps Revenues & Volume for the Period 2021-2031
- Latvia Vacuum Pumps Market Trend Evolution
- Latvia Vacuum Pumps Market Drivers and Challenges
- Latvia Vacuum Pumps Price Trends
- Latvia Vacuum Pumps Porter`s Five Forces
- Latvia Vacuum Pumps Industry Life Cycle
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Lubrication for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Dry for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Wet for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Technology for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Gas Capture/Binding Pumps for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Gas Transfer Pumps for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Low vacuum pumps for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Medium vacuum pumps for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By High vacuum pumps for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By End-Users for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Chemical & pharmaceutical for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Semiconductor & electronics for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Oil & gas for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Food & beverages for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Wood, paper & pulp for the Period 2021-2031
- Historical Data and Forecast of Latvia Vacuum Pumps Market Revenues & Volume By Other for the Period 2021-2031
- Latvia Vacuum Pumps Import Export Trade Statistics
- Market Opportunity Assessment By Lubrication
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By End-Users
- Latvia Vacuum Pumps Top Companies Market Share
- Latvia Vacuum Pumps Competitive Benchmarking By Technical and Operational Parameters
- Latvia Vacuum Pumps Company Profiles
- Latvia Vacuum Pumps Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Vacuum Pumps 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 Vacuum Pumps 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 Vacuum Pumps Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vacuum Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vacuum Pumps Market - Industry Life Cycle |
3.4 Latvia Vacuum Pumps Market - Porter's Five Forces |
3.5 Latvia Vacuum Pumps Market Revenues & Volume Share, By Lubrication, 2021 & 2031F |
3.6 Latvia Vacuum Pumps Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Latvia Vacuum Pumps Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Latvia Vacuum Pumps Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 Latvia Vacuum Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for vacuum pumps in the manufacturing sector due to growing industrialization in Latvia. |
4.2.2 Technological advancements leading to the development of energy-efficient and high-performance vacuum pumps. |
4.2.3 Government initiatives promoting the adoption of vacuum pumps for environmental sustainability and energy efficiency. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices affecting the manufacturing cost of vacuum pumps. |
4.3.2 Intense competition among market players leading to price wars. |
4.3.3 Economic uncertainties impacting investment decisions in vacuum pump technologies. |
5 Latvia Vacuum Pumps Market Trends |
6 Latvia Vacuum Pumps Market Segmentations |
6.1 Latvia Vacuum Pumps Market, By Lubrication |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vacuum Pumps Market Revenues & Volume, By Dry, 2021-2031F |
6.1.3 Latvia Vacuum Pumps Market Revenues & Volume, By Wet, 2021-2031F |
6.2 Latvia Vacuum Pumps Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vacuum Pumps Market Revenues & Volume, By Gas Capture/Binding Pumps, 2021-2031F |
6.2.3 Latvia Vacuum Pumps Market Revenues & Volume, By Gas Transfer Pumps, 2021-2031F |
6.3 Latvia Vacuum Pumps Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Vacuum Pumps Market Revenues & Volume, By Low vacuum pumps, 2021-2031F |
6.3.3 Latvia Vacuum Pumps Market Revenues & Volume, By Medium vacuum pumps, 2021-2031F |
6.3.4 Latvia Vacuum Pumps Market Revenues & Volume, By High vacuum pumps, 2021-2031F |
6.4 Latvia Vacuum Pumps Market, By End-Users |
6.4.1 Overview and Analysis |
6.4.2 Latvia Vacuum Pumps Market Revenues & Volume, By Chemical & pharmaceutical, 2021-2031F |
6.4.3 Latvia Vacuum Pumps Market Revenues & Volume, By Semiconductor & electronics, 2021-2031F |
6.4.4 Latvia Vacuum Pumps Market Revenues & Volume, By Oil & gas, 2021-2031F |
6.4.5 Latvia Vacuum Pumps Market Revenues & Volume, By Food & beverages, 2021-2031F |
6.4.6 Latvia Vacuum Pumps Market Revenues & Volume, By Wood, paper & pulp, 2021-2031F |
6.4.7 Latvia Vacuum Pumps Market Revenues & Volume, By Other, 2021-2031F |
7 Latvia Vacuum Pumps Market Import-Export Trade Statistics |
7.1 Latvia Vacuum Pumps Market Export to Major Countries |
7.2 Latvia Vacuum Pumps Market Imports from Major Countries |
8 Latvia Vacuum Pumps Market Key Performance Indicators |
8.1 Energy efficiency ratings of vacuum pumps being adopted in the Latvian market. |
8.2 Number of government policies and incentives supporting the use of vacuum pumps in various industries. |
8.3 Rate of adoption of Industry 4.0 technologies in manufacturing processes utilizing vacuum pumps. |
9 Latvia Vacuum Pumps Market - Opportunity Assessment |
9.1 Latvia Vacuum Pumps Market Opportunity Assessment, By Lubrication, 2021 & 2031F |
9.2 Latvia Vacuum Pumps Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Latvia Vacuum Pumps Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 Latvia Vacuum Pumps Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 Latvia Vacuum Pumps Market - Competitive Landscape |
10.1 Latvia Vacuum Pumps Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vacuum Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential assessment - trade Analytics for 2030
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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