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Bulgaria Geothermal Energy Industry Outlook 2024 - 2028

See how Bulgaria Geothermal Energy performed compared to key markets such as Italy, Iceland and France.

Key Market Indicators

Bulgarian geothermal energy consumption is projected to hit approximately 1,780 terajoules by 2028. This marks an increase from around 1,590 terajoules in 2023, reflecting an annual growth rate of 1.8%. Since 2010, the demand for geothermal energy in Bulgaria has risen by an average of 1.9% per year. In 2023, Bulgaria ranked 11th globally in geothermal energy consumption, with Austria slightly ahead at the same 1,590 terajoules. Leading the global rankings are Iceland, France, and Germany, occupying the second, third, and fourth positions respectively. On the production side, Bulgaria's geothermal energy generation is expected to reach approximately 442 gigawatt-hours by 2028, up from about 427 gigawatt-hours in 2023. This represents an annual growth rate of 0.5%. Since 2010, the country's geothermal supply has increased at an annual rate of 1.2%. Similar to consumption, Bulgaria ranked 11th in geothermal energy generation in 2023, just behind Austria. Iceland, France, and Germany remain the top three nations in this category as well.

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Bulgaria Geothermal Energy Market Data and Forecasts

How much will Bulgaria Geothermal Energy Market grow to 2028?

Forecast: Geothermal Power Gross Inland Consumption in Bulgaria
Forecast: Geothermal Power Production in Bulgaria
Forecast: Geothermal Power Energy Supply in Bulgaria
Forecast: Final Consumption of Geothermal Power in Bulgaria
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