Bulgaria Geothermal Heat Pumps Market (2025-2031) | Growth, Companies, Segmentation, Share, Outlook, Revenue, Trends, Value, Analysis, Industry, Size & Forecast
Market Forecast By Type (Closed Loop, Open Loop), By Application (Residential, Commercial, Industrial) And Competitive Landscape
| Product Code: ETC4660331 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Bulgaria Geothermal Heat Pumps Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, Bulgaria saw a significant increase in geothermal heat pump import shipments, with top exporting countries being China, Turkey, Italy, Romania, and Ireland. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis concentration, as measured by the HHI, remained moderate, indicating a healthy level of competition. The impressive compound annual growth rate (CAGR) of 33.02% from 2020 to 2024 reflects the growing demand for geothermal heat pumps in Bulgaria. Additionally, the growth rate of 7.28% from 2023 to 2024 suggests a continued upward trajectory in the Market Top 5 Importing Countries and Market Competition (HHI) Analysis , highlighting the country`s increasing reliance on geothermal energy solutions.
Key Highlights of the Report:
- Bulgaria Geothermal Heat Pumps Market Outlook
- Market Size of Bulgaria Geothermal Heat Pumps Market, 2024
- Forecast of Bulgaria Geothermal Heat Pumps Market, 2031
- Historical Data and Forecast of Bulgaria Geothermal Heat Pumps Revenues & Volume for the Period 2021-2031
- Bulgaria Geothermal Heat Pumps Market Trend Evolution
- Bulgaria Geothermal Heat Pumps Market Drivers and Challenges
- Bulgaria Geothermal Heat Pumps Price Trends
- Bulgaria Geothermal Heat Pumps Porter`s Five Forces
- Bulgaria Geothermal Heat Pumps Industry Life Cycle
- Historical Data and Forecast of Bulgaria Geothermal Heat Pumps Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Bulgaria Geothermal Heat Pumps Market Revenues & Volume By Closed Loop for the Period 2021-2031
- Historical Data and Forecast of Bulgaria Geothermal Heat Pumps Market Revenues & Volume By Open Loop for the Period 2021-2031
- Historical Data and Forecast of Bulgaria Geothermal Heat Pumps Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Bulgaria Geothermal Heat Pumps Market Revenues & Volume By Residential for the Period 2021-2031
- Historical Data and Forecast of Bulgaria Geothermal Heat Pumps Market Revenues & Volume By Commercial for the Period 2021-2031
- Historical Data and Forecast of Bulgaria Geothermal Heat Pumps Market Revenues & Volume By Industrial for the Period 2021-2031
- Bulgaria Geothermal Heat Pumps Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Bulgaria Geothermal Heat Pumps Top Companies Market Share
- Bulgaria Geothermal Heat Pumps Competitive Benchmarking By Technical and Operational Parameters
- Bulgaria Geothermal Heat Pumps Company Profiles
- Bulgaria Geothermal Heat Pumps Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Bulgaria Geothermal Heat 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 Bulgaria Geothermal Heat Pumps Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Geothermal Heat Pumps Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Geothermal Heat Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Geothermal Heat Pumps Market - Industry Life Cycle |
3.4 Bulgaria Geothermal Heat Pumps Market - Porter's Five Forces |
3.5 Bulgaria Geothermal Heat Pumps Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bulgaria Geothermal Heat Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bulgaria Geothermal Heat Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental sustainability and energy efficiency |
4.2.2 Government initiatives promoting the use of renewable energy sources |
4.2.3 Rising demand for cost-effective heating and cooling solutions |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with geothermal heat pump systems |
4.3.2 Lack of widespread knowledge and expertise in geothermal technology |
4.3.3 Limited availability of skilled professionals for installation and maintenance |
5 Bulgaria Geothermal Heat Pumps Market Trends |
6 Bulgaria Geothermal Heat Pumps Market Segmentations |
6.1 Bulgaria Geothermal Heat Pumps Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Geothermal Heat Pumps Market Revenues & Volume, By Closed Loop, 2021-2031F |
6.1.3 Bulgaria Geothermal Heat Pumps Market Revenues & Volume, By Open Loop, 2021-2031F |
6.2 Bulgaria Geothermal Heat Pumps Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Geothermal Heat Pumps Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Bulgaria Geothermal Heat Pumps Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Bulgaria Geothermal Heat Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
7 Bulgaria Geothermal Heat Pumps Market Import-Export Trade Statistics |
7.1 Bulgaria Geothermal Heat Pumps Market Export to Major Countries |
7.2 Bulgaria Geothermal Heat Pumps Market Imports from Major Countries |
8 Bulgaria Geothermal Heat Pumps Market Key Performance Indicators |
8.1 Number of newly installed geothermal heat pump systems |
8.2 Energy savings achieved by using geothermal heat pumps |
8.3 Growth in the number of geothermal heat pump manufacturers in Bulgaria |
8.4 Increase in the number of training programs for geothermal technology professionals |
8.5 Expansion of distribution networks for geothermal heat pump systems in the market |
9 Bulgaria Geothermal Heat Pumps Market - Opportunity Assessment |
9.1 Bulgaria Geothermal Heat Pumps Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bulgaria Geothermal Heat Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bulgaria Geothermal Heat Pumps Market - Competitive Landscape |
10.1 Bulgaria Geothermal Heat Pumps Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Geothermal Heat 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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