| Product Code: ETC6552002 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Bulgaria`s import of low voltage induction motors in 2024 was dominated by shipments from Hungary, Japan, China, Taiwan, Province of China, and Germany. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis concentration, as measured by the HHI, significantly increased from 2023 to 2024, indicating a shift towards higher concentration among these top exporting countries. Despite the growth in the compound annual growth rate (CAGR) from 2020 to 2024, there was a notable decline in the growth rate from 2023 to 2024. This suggests a potential slowdown in the import demand for low voltage induction motors in Bulgaria in the most recent period.

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 Low Voltage Induction Motors Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Low Voltage Induction Motors Market - Industry Life Cycle |
3.4 Bulgaria Low Voltage Induction Motors Market - Porter's Five Forces |
3.5 Bulgaria Low Voltage Induction Motors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bulgaria Low Voltage Induction Motors Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
4 Bulgaria Low Voltage Induction Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and automation in Bulgaria leading to higher demand for low voltage induction motors. |
4.2.2 Government initiatives promoting energy efficiency and use of environmentally friendly technologies. |
4.2.3 Growing investments in infrastructure projects driving the demand for low voltage induction motors. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the manufacturing cost of low voltage induction motors. |
4.3.2 Competition from other types of motors such as synchronous motors and reluctance motors. |
4.3.3 Economic uncertainties impacting the overall market growth and investment decisions. |
5 Bulgaria Low Voltage Induction Motors Market Trends |
6 Bulgaria Low Voltage Induction Motors Market, By Types |
6.1 Bulgaria Low Voltage Induction Motors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Single Phase, 2021- 2031F |
6.1.4 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Poly Phase, 2021- 2031F |
6.2 Bulgaria Low Voltage Induction Motors Market, By End User Industry |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Metal and Mining, 2021- 2031F |
6.2.3 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.2.4 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Chemicals and Petrochemicals, 2021- 2031F |
6.2.5 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Water and Wastewater, 2021- 2031F |
6.2.6 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Discrete Industries, 2021- 2031F |
6.2.7 Bulgaria Low Voltage Induction Motors Market Revenues & Volume, By Power Generation, 2021- 2031F |
7 Bulgaria Low Voltage Induction Motors Market Import-Export Trade Statistics |
7.1 Bulgaria Low Voltage Induction Motors Market Export to Major Countries |
7.2 Bulgaria Low Voltage Induction Motors Market Imports from Major Countries |
8 Bulgaria Low Voltage Induction Motors Market Key Performance Indicators |
8.1 Energy efficiency improvements in low voltage induction motors. |
8.2 Adoption rate of variable frequency drives with low voltage induction motors. |
8.3 Percentage of industrial companies using low voltage induction motors in their operations. |
8.4 Number of infrastructure projects using low voltage induction motors for various applications. |
8.5 Growth rate of the electric motor market in Bulgaria. |
9 Bulgaria Low Voltage Induction Motors Market - Opportunity Assessment |
9.1 Bulgaria Low Voltage Induction Motors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bulgaria Low Voltage Induction Motors Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
10 Bulgaria Low Voltage Induction Motors Market - Competitive Landscape |
10.1 Bulgaria Low Voltage Induction Motors Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Low Voltage Induction Motors 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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