| Product Code: ETC7924710 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a significant increase in wind energy foundation imports, with top exporting countries being Poland, Lithuania, Austria, Estonia, and Germany. The market concentration, as measured by the HHI, reached very high levels, indicating a competitive landscape dominated by a few key players. This growth trend is further supported by a strong compound annual growth rate (CAGR) of 5.67% from 2020 to 2024 and an impressive growth rate of 31.77% from 2023 to 2024, highlighting the growing importance of wind energy in Latvia`s renewable energy sector.

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 Wind Energy Foundation Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Wind Energy Foundation Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Wind Energy Foundation Market - Industry Life Cycle |
3.4 Latvia Wind Energy Foundation Market - Porter's Five Forces |
3.5 Latvia Wind Energy Foundation Market Revenues & Volume Share, By Location, 2021 & 2031F |
3.6 Latvia Wind Energy Foundation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Wind Energy Foundation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for renewable energy projects |
4.2.2 Growing awareness and demand for clean energy sources |
4.2.3 Technological advancements leading to cost reduction and improved efficiency in wind energy production |
4.3 Market Restraints |
4.3.1 High initial investment costs for wind energy projects |
4.3.2 Challenges in grid integration and intermittency of wind energy |
4.3.3 Regulatory uncertainties and policy changes impacting market stability |
5 Latvia Wind Energy Foundation Market Trends |
6 Latvia Wind Energy Foundation Market, By Types |
6.1 Latvia Wind Energy Foundation Market, By Location |
6.1.1 Overview and Analysis |
6.1.2 Latvia Wind Energy Foundation Market Revenues & Volume, By Location, 2021- 2031F |
6.1.3 Latvia Wind Energy Foundation Market Revenues & Volume, By Onshore, 2021- 2031F |
6.1.4 Latvia Wind Energy Foundation Market Revenues & Volume, By Offshore, 2021- 2031F |
6.2 Latvia Wind Energy Foundation Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Wind Energy Foundation Market Revenues & Volume, By Utility, 2021- 2031F |
6.2.3 Latvia Wind Energy Foundation Market Revenues & Volume, By Non-utility, 2021- 2031F |
7 Latvia Wind Energy Foundation Market Import-Export Trade Statistics |
7.1 Latvia Wind Energy Foundation Market Export to Major Countries |
7.2 Latvia Wind Energy Foundation Market Imports from Major Countries |
8 Latvia Wind Energy Foundation Market Key Performance Indicators |
8.1 Capacity utilization rate of wind energy projects |
8.2 Levelized cost of energy (LCOE) for wind power generation |
8.3 Number of new wind energy projects commissioned |
8.4 Average age of wind turbines in operation |
8.5 Percentage of energy consumption met by wind power |
9 Latvia Wind Energy Foundation Market - Opportunity Assessment |
9.1 Latvia Wind Energy Foundation Market Opportunity Assessment, By Location, 2021 & 2031F |
9.2 Latvia Wind Energy Foundation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Wind Energy Foundation Market - Competitive Landscape |
10.1 Latvia Wind Energy Foundation Market Revenue Share, By Companies, 2024 |
10.2 Latvia Wind Energy Foundation 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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