Global Energy Retrofit Systems Market Size & Outlook
Global energy retrofit systems market, 2018-2030 (US$M)
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Global energy retrofit systems market highlights
- The global energy retrofit systems market generated a revenue of USD 160,515.5 million in 2024 and is expected to reach USD 240,286.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 7.4% by 2030.
- In terms of segment, envelope accounted for a revenue of USD 86,964.3 million in 2024.
- LED Retrofit Lighting is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 160,515.5 million |
| Market revenue in 2030 | USD 240,286.4 million |
| Growth rate | 7.4% (CAGR from 2025 to 2030) |
| Largest segment | Envelope |
| Fastest growing segment | LED Retrofit Lighting |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Envelope, LED Retrofit Lighting, HVAC Retrofit, Appliances |
Other key industry trends
- In terms of revenue, the North America accounted for 23.1% of the global energy retrofit systems market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 9,752.8 million by 2030.
Envelope was the largest segment with a revenue share of 54.18% in 2024. Horizon Databook has segmented the Global energy retrofit systems market based on envelope, led retrofit lighting, hvac retrofit, appliances covering the revenue growth of each sub-segment from 2018 to 2030.
Energy is the main fuel source for social and economic development. All industries need the systems to function, and they face a continuous demand for energy due to increasing consumer demand for such systems.
To promote the transition toward more sustainable energy systems, regulators and policymakers have been approving measures to improve energy efficiency and promote energy retrofit systems Vast changes, in terms of energy operations, are seen in residential sector as building managers become more aware of the need to adopt energy-efficient (lighting, heating, and cooling solutions.
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Energy Retrofit Systems Market Scope
Energy Retrofit Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Orion Energy Systems Inc | View profile | 265 | 2210 Woodland Drive, Manitowoc, WI, United States, 54220 | https://www.orionlighting.com |
| Ameresco Inc Class A | View profile | 1503 | 111 Speen Street, Suite 410, Framingham, MA, United States, 01701 | https://www.ameresco.com |
| Orion Group Holdings Inc | View profile | 1796 | 12000 Aerospace Avenue, Suite 300, Houston, TX, United States, 77034 | https://www.oriongroupholdingsinc.com |
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Signify NV | View profile | 31920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | https://www.signify.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| AECOM | View profile | 52000 | 13355 Noel Road, Suite 400, Dallas, TX, United States, 75240 | https://www.aecom.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Global energy retrofit systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Energy retrofit systems market size, 2024 (US$M)
Global energy retrofit systems market share, by product, 2024 & 2030 (%, US$M)
Energy retrofit systems market: Opportunity assessment by country
Global energy retrofit systems market, by region, 2024 (US$M)
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