| Product Code: ETC5140195 | 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`s transformer core import Market Top 5 Importing Countries and Market Competition (HHI) Analysis experienced a significant shift in 2024, with a notable increase in concentration as indicated by the Herfindahl-Hirschman Index (HHI). The top exporting countries to Bulgaria in 2024 were Germany, Turkey, Japan, China, and Bulgaria itself. The impressive Compound Annual Growth Rate (CAGR) of 41.04% from 2020 to 2024 highlights the expanding demand for transformer cores in the Bulgarian Market Top 5 Importing Countries and Market Competition (HHI) Analysis . Moreover, the remarkable growth rate of 67.88% from 2023 to 2024 suggests a rapid acceleration in import shipments, underscoring the evolving dynamics of the industry.

By 2027, the Transformer Core market in Bulgaria is anticipated to reach a growth rate of 7.87%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Transformer Core Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Transformer Core Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Transformer Core Market - Industry Life Cycle |
3.4 Bulgaria Transformer Core Market - Porter's Five Forces |
3.5 Bulgaria Transformer Core Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Bulgaria Transformer Core Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Bulgaria Transformer Core Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Bulgaria Transformer Core Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.9 Bulgaria Transformer Core Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bulgaria Transformer Core Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Bulgaria |
4.2.2 Government initiatives towards renewable energy sources |
4.2.3 Growing industrial sector in Bulgaria |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from international players |
4.3.3 Regulatory challenges in the energy sector |
5 Bulgaria Transformer Core Market Trends |
6 Bulgaria Transformer Core Market Segmentations |
6.1 Bulgaria Transformer Core Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Transformer Core Market Revenues & Volume, By Closed, 2021-2031F |
6.1.3 Bulgaria Transformer Core Market Revenues & Volume, By Shell, 2021-2031F |
6.1.4 Bulgaria Transformer Core Market Revenues & Volume, By Berry, 2021-2031F |
6.2 Bulgaria Transformer Core Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Transformer Core Market Revenues & Volume, By Distribution Transformer, 2021-2031F |
6.2.3 Bulgaria Transformer Core Market Revenues & Volume, By Power Transformer, 2021-2031F |
6.2.4 Bulgaria Transformer Core Market Revenues & Volume, By Instrument Transformer, 2021-2031F |
6.3 Bulgaria Transformer Core Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Transformer Core Market Revenues & Volume, By Two Winding, 2021-2031F |
6.3.3 Bulgaria Transformer Core Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.3.4 Bulgaria Transformer Core Market Revenues & Volume, By Cooling, 2021-2031F |
6.3.5 Bulgaria Transformer Core Market Revenues & Volume, By Dry Type, 2021-2031F |
6.3.6 Bulgaria Transformer Core Market Revenues & Volume, By Self-Cooled, 2021-2031F |
6.4 Bulgaria Transformer Core Market, By Insulation |
6.4.1 Overview and Analysis |
6.4.2 Bulgaria Transformer Core Market Revenues & Volume, By Gas, 2021-2031F |
6.4.3 Bulgaria Transformer Core Market Revenues & Volume, By Oil, 2021-2031F |
6.4.4 Bulgaria Transformer Core Market Revenues & Volume, By Solid, 2021-2031F |
6.4.5 Bulgaria Transformer Core Market Revenues & Volume, By Air, 2021-2031F |
6.5 Bulgaria Transformer Core Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Bulgaria Transformer Core Market Revenues & Volume, By Residential & Commercial, 2021-2031F |
6.5.3 Bulgaria Transformer Core Market Revenues & Volume, By Utility, 2021-2031F |
6.5.4 Bulgaria Transformer Core Market Revenues & Volume, By Industrial, 2021-2031F |
7 Bulgaria Transformer Core Market Import-Export Trade Statistics |
7.1 Bulgaria Transformer Core Market Export to Major Countries |
7.2 Bulgaria Transformer Core Market Imports from Major Countries |
8 Bulgaria Transformer Core Market Key Performance Indicators |
8.1 Adoption rate of renewable energy technologies in Bulgaria |
8.2 Investment in the modernization of power infrastructure |
8.3 Innovation rate in transformer core materials |
9 Bulgaria Transformer Core Market - Opportunity Assessment |
9.1 Bulgaria Transformer Core Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Bulgaria Transformer Core Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Bulgaria Transformer Core Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Bulgaria Transformer Core Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.5 Bulgaria Transformer Core Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bulgaria Transformer Core Market - Competitive Landscape |
10.1 Bulgaria Transformer Core Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Transformer Core 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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