| Product Code: ETC5772591 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Bulgaria saw a significant increase in heat pump import shipments, with top exporters being China, Italy, Turkey, Romania, and Metropolitan France. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis displayed moderate concentration with a Herfindahl-Hirschman Index (HHI). Despite a strong compound annual growth rate (CAGR) of 31.29% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -9.96%. This data suggests a dynamic Market Top 5 Importing Countries and Market Competition (HHI) Analysis environment with key players from various countries contributing to the growth of heat pump imports in Bulgaria.

In the Europe region, the Heat Pump market in Bulgaria is projected to expand at a negative growth rate of -0.07% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Heat Pump Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Heat Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Heat Pump Market - Industry Life Cycle |
3.4 Bulgaria Heat Pump Market - Porter's Five Forces |
3.5 Bulgaria Heat Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bulgaria Heat Pump Market Revenues & Volume Share, By Refrigerant, 2021 & 2031F |
3.7 Bulgaria Heat Pump Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
3.8 Bulgaria Heat Pump Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Bulgaria Heat Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental sustainability and the need for energy-efficient heating solutions |
4.2.2 Government initiatives and regulations promoting the use of renewable energy sources like heat pumps |
4.2.3 Rising energy costs driving the demand for more cost-effective heating solutions |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing heat pumps |
4.3.2 Limited consumer awareness and understanding of the benefits of heat pumps compared to traditional heating systems |
4.3.3 Lack of skilled professionals for installation and maintenance of heat pump systems |
5 Bulgaria Heat Pump Market Trends |
6 Bulgaria Heat Pump Market Segmentations |
6.1 Bulgaria Heat Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Heat Pump Market Revenues & Volume, By Air-to-Air, 2021-2031F |
6.1.3 Bulgaria Heat Pump Market Revenues & Volume, By Air-to-Water, 2021-2031F |
6.1.4 Bulgaria Heat Pump Market Revenues & Volume, By Water Source, 2021-2031F |
6.1.5 Bulgaria Heat Pump Market Revenues & Volume, By Geothermal, 2021-2031F |
6.1.6 Bulgaria Heat Pump Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Bulgaria Heat Pump Market, By Refrigerant |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Heat Pump Market Revenues & Volume, By R410A, 2021-2031F |
6.2.3 Bulgaria Heat Pump Market Revenues & Volume, By R407C, 2021-2031F |
6.2.4 Bulgaria Heat Pump Market Revenues & Volume, By R744, 2021-2031F |
6.3 Bulgaria Heat Pump Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Heat Pump Market Revenues & Volume, By Up to 10 kW, 2021-2031F |
6.3.3 Bulgaria Heat Pump Market Revenues & Volume, By 10-20 kW, 2021-2031F |
6.3.4 Bulgaria Heat Pump Market Revenues & Volume, By 20-30 kW, 2021-2031F |
6.3.5 Bulgaria Heat Pump Market Revenues & Volume, By >30 kW, 2021-2031F |
6.4 Bulgaria Heat Pump Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Bulgaria Heat Pump Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Bulgaria Heat Pump Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Bulgaria Heat Pump Market Revenues & Volume, By Industrial, 2021-2031F |
7 Bulgaria Heat Pump Market Import-Export Trade Statistics |
7.1 Bulgaria Heat Pump Market Export to Major Countries |
7.2 Bulgaria Heat Pump Market Imports from Major Countries |
8 Bulgaria Heat Pump Market Key Performance Indicators |
8.1 Energy efficiency rating improvements in heat pump models |
8.2 Number of government subsidies or incentives for heat pump installations |
8.3 Growth in the number of certified heat pump installers in the market |
8.4 Increase in the adoption rate of heat pumps in residential and commercial buildings |
8.5 Expansion of distribution channels for heat pump products |
9 Bulgaria Heat Pump Market - Opportunity Assessment |
9.1 Bulgaria Heat Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bulgaria Heat Pump Market Opportunity Assessment, By Refrigerant, 2021 & 2031F |
9.3 Bulgaria Heat Pump Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
9.4 Bulgaria Heat Pump Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Bulgaria Heat Pump Market - Competitive Landscape |
10.1 Bulgaria Heat Pump Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Heat Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |