The Construction in Latvia - Country Briefing (H1 2025) report provides detailed market analysis, information and insights into the Latvian construction industry, including:
- The Latvian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Latvian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
The industry is further expected to register an average annual growth of 3.7% from 2026 to 2029, supported by investments in transport and renewable energy projects. The government aims to reduce greenhouse gas emissions by 65%, compared to 1990 levels, by 2030 and achieve climate neutrality by 2050. To support this target, Latvia is focusing on increasing the capacity of renewable energy across the country. In September 2024, Latvenergo acquired a Latvian energy company Laflora Energy to build a 108.8MW wind farm at a former peat mining site in Līvbērze, with construction cost estimated at EUR185 million ($196.7 million). The project will feature 16 wind turbines of 6.8MW each. Construction is scheduled to be completed by 2026
Scope
This report provides a comprehensive analysis of the construction industry in Latvia. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Latvia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile
7 Appendix
List of Tables
List of Figures