Key Market Indicators
**Bulgarian Electrical Equipment Revenue to Hit €1.2 Billion by 2028** The revenue from Bulgaria's electrical equipment sector is projected to reach €1.2 billion by 2028, climbing from approximately €980 million in 2023. This marks an average annual growth rate of 3.4%. Over the past decade, the market has experienced a robust average yearly growth of 6.6%. In 2023, Bulgaria ranked 19th in the global market, with Romania surpassing it at a similar revenue mark of €980 million. Leading the rankings were France, Italy, and Spain, holding the second, third, and fourth positions, respectively. **Electrical Equipment Imports and Exports on the Rise** Bulgaria's electrical equipment imports are forecasted to reach $4.4 billion by 2028, up from $3.9 billion in 2023. This growth reflects an average annual increase of 2.1% since 2001, during which time the demand has risen by 2.2% each year. On the export front, Bulgaria is set to see its electrical equipment shipments grow to approximately $5.2 billion by 2028 from $4.3 billion in 2023. This growth is projected at a compound annual growth rate (CAGR) of 2.8%. Since 2001, the country's supply has increased by an average of 3.5% annually.
