| Product Code: ETC6545268 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of cold climate air source heat pumps to Bulgaria have shown significant growth in 2024, with top exporting countries being China, Thailand, Turkey, Malaysia, and South Korea. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis concentration, as measured by the HHI, has increased from moderate to very high in just one year, indicating a more competitive landscape. The impressive compound annual growth rate (CAGR) of 28.15% from 2020 to 2024 highlights the expanding demand for these products in Bulgaria. Additionally, the growth rate of 21.08% from 2023 to 2024 suggests a continued upward trend in import volumes.

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 Bulgaria Cold Climate Air Source Heat Pump Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Cold Climate Air Source Heat Pump Market - Industry Life Cycle |
3.4 Bulgaria Cold Climate Air Source Heat Pump Market - Porter's Five Forces |
3.5 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
4 Bulgaria Cold Climate Air Source Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness of energy efficiency and environmental concerns |
4.2.2 Government incentives and subsidies for energy-efficient heating systems |
4.2.3 Growing demand for cost-effective heating solutions in cold climates |
4.3 Market Restraints |
4.3.1 High initial costs of purchasing and installing air source heat pumps |
4.3.2 Limited consumer awareness and understanding of the technology |
4.3.3 Relatively low efficiency compared to other heating systems in extremely cold climates |
5 Bulgaria Cold Climate Air Source Heat Pump Market Trends |
6 Bulgaria Cold Climate Air Source Heat Pump Market, By Types |
6.1 Bulgaria Cold Climate Air Source Heat Pump Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Split Systems, 2021- 2031F |
6.1.4 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Single Package Equipment, 2021- 2031F |
6.2 Bulgaria Cold Climate Air Source Heat Pump Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Residential, 2021- 2031F |
6.2.3 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3 Bulgaria Cold Climate Air Source Heat Pump Market, By Operation Type |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Electric, 2021- 2031F |
6.3.3 Bulgaria Cold Climate Air Source Heat Pump Market Revenues & Volume, By Hybrid, 2021- 2031F |
7 Bulgaria Cold Climate Air Source Heat Pump Market Import-Export Trade Statistics |
7.1 Bulgaria Cold Climate Air Source Heat Pump Market Export to Major Countries |
7.2 Bulgaria Cold Climate Air Source Heat Pump Market Imports from Major Countries |
8 Bulgaria Cold Climate Air Source Heat Pump Market Key Performance Indicators |
8.1 Average COP (Coefficient of Performance) of air source heat pumps in cold climates |
8.2 Percentage increase in government incentives and subsidies for energy-efficient heating systems |
8.3 Number of energy efficiency campaigns and initiatives targeting air source heat pumps in cold climates |
9 Bulgaria Cold Climate Air Source Heat Pump Market - Opportunity Assessment |
9.1 Bulgaria Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Bulgaria Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Bulgaria Cold Climate Air Source Heat Pump Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
10 Bulgaria Cold Climate Air Source Heat Pump Market - Competitive Landscape |
10.1 Bulgaria Cold Climate Air Source Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Cold Climate Air Source Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |