| Product Code: ETC4800513 | 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 import Market Top 5 Importing Countries and Market Competition (HHI) Analysis saw a diverse range of suppliers in 2024, with China, Italy, Turkey, Poland, and Germany leading the pack. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis displayed low concentration, indicating a competitive landscape. Despite a notable decline in growth rate from 2023 to 2024, the compound annual growth rate over the past five years has been strong at 13.85%. This suggests a steady demand for transformers in Bulgaria, with opportunities for both domestic and international suppliers to capitalize on the Market Top 5 Importing Countries and Market Competition (HHI) Analysis dynamics.

The Transformer market in Bulgaria is projected to grow at a negative growth rate of -0.00% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Transformer Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Transformer Market - Industry Life Cycle |
3.4 Bulgaria Transformer Market - Porter's Five Forces |
3.5 Bulgaria Transformer Market Revenues & Volume Share, By Core, 2021 & 2031F |
3.6 Bulgaria Transformer Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Bulgaria Transformer Market Revenues & Volume Share, By Winding, 2021 & 2031F |
3.8 Bulgaria Transformer Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.9 Bulgaria Transformer Market Revenues & Volume Share, By Cooling, 2021 & 2031F |
3.10 Bulgaria Transformer Market Revenues & Volume Share, By Insulation, 2021 & 2031F |
3.11 Bulgaria Transformer Market Revenues & Volume Share, By Phase, 2021 & 2031F |
4 Bulgaria Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electricity in Bulgaria |
4.2.2 Government initiatives to improve energy infrastructure |
4.2.3 Growth in renewable energy projects in the country |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Competition from alternative energy sources |
4.3.3 Regulatory challenges in the energy sector |
5 Bulgaria Transformer Market Trends |
6 Bulgaria Transformer Market Segmentations |
6.1 Bulgaria Transformer Market, By Core |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Transformer Market Revenues & Volume, By Closed, 2021-2031F |
6.1.3 Bulgaria Transformer Market Revenues & Volume, By Shell, 2021-2031F |
6.1.4 Bulgaria Transformer Market Revenues & Volume, By Berry, 2021-2031F |
6.2 Bulgaria Transformer Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Transformer Market Revenues & Volume, By Power transformer, 2021-2031F |
6.2.3 Bulgaria Transformer Market Revenues & Volume, By Distribution transformer, 2021-2031F |
6.2.4 Bulgaria Transformer Market Revenues & Volume, By Instrument transformer, 2021-2031F |
6.2.5 Bulgaria Transformer Market Revenues & Volume, By Others, 2021-2031F |
6.3 Bulgaria Transformer Market, By Winding |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Transformer Market Revenues & Volume, By Two-winding, 2021-2031F |
6.3.3 Bulgaria Transformer Market Revenues & Volume, By Auto-transformer, 2021-2031F |
6.4 Bulgaria Transformer Market, By Installation |
6.4.1 Overview and Analysis |
6.4.2 Bulgaria Transformer Market Revenues & Volume, By Outdoor, 2021-2031F |
6.4.3 Bulgaria Transformer Market Revenues & Volume, By Indoor, 2021-2031F |
6.5 Bulgaria Transformer Market, By Cooling |
6.5.1 Overview and Analysis |
6.5.2 Bulgaria Transformer Market Revenues & Volume, By Dry type, 2021-2031F |
6.5.3 Bulgaria Transformer Market Revenues & Volume, By Oil Immersed, 2021-2031F |
6.6 Bulgaria Transformer Market, By Insulation |
6.6.1 Overview and Analysis |
6.6.2 Bulgaria Transformer Market Revenues & Volume, By Gas, 2021-2031F |
6.6.3 Bulgaria Transformer Market Revenues & Volume, By Oil, 2021-2031F |
6.6.4 Bulgaria Transformer Market Revenues & Volume, By Solid, 2021-2031F |
6.6.5 Bulgaria Transformer Market Revenues & Volume, By Air, 2021-2031F |
6.6.6 Bulgaria Transformer Market Revenues & Volume, By Others, 2021-2031F |
6.7 Bulgaria Transformer Market, By Phase |
6.7.1 Overview and Analysis |
6.7.2 Bulgaria Transformer Market Revenues & Volume, By Single phase, 2021-2031F |
6.7.3 Bulgaria Transformer Market Revenues & Volume, By 3 - phase, 2021-2031F |
6.8 Bulgaria Transformer Market, By Rating |
6.8.1 Overview and Analysis |
6.8.2 Bulgaria Transformer Market Revenues & Volume, By ? 10 MVA, 2021-2031F |
6.8.3 Bulgaria Transformer Market Revenues & Volume, By 11 MVA to 60 MVA, 2021-2031F |
6.8.4 Bulgaria Transformer Market Revenues & Volume, By > 600 MVA, 2021-2031F |
6.8.5 Bulgaria Transformer Market Revenues & Volume, By > 600 MVA, 2021-2031F |
7 Bulgaria Transformer Market Import-Export Trade Statistics |
7.1 Bulgaria Transformer Market Export to Major Countries |
7.2 Bulgaria Transformer Market Imports from Major Countries |
8 Bulgaria Transformer Market Key Performance Indicators |
8.1 Capacity utilization rate of existing transformers in Bulgaria |
8.2 Number of new energy projects initiated in the country |
8.3 Investment in grid modernization projects |
8.4 Average age of transformers in Bulgaria |
8.5 Energy efficiency improvements in the transformer market |
9 Bulgaria Transformer Market - Opportunity Assessment |
9.1 Bulgaria Transformer Market Opportunity Assessment, By Core, 2021 & 2031F |
9.2 Bulgaria Transformer Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Bulgaria Transformer Market Opportunity Assessment, By Winding, 2021 & 2031F |
9.4 Bulgaria Transformer Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.5 Bulgaria Transformer Market Opportunity Assessment, By Cooling, 2021 & 2031F |
9.6 Bulgaria Transformer Market Opportunity Assessment, By Insulation, 2021 & 2031F |
9.7 Bulgaria Transformer Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.7 Bulgaria Transformer Market Opportunity Assessment, By Rating, 2021 & 2031F |
10 Bulgaria Transformer Market - Competitive Landscape |
10.1 Bulgaria Transformer Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Transformer 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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