Canada Energy Retrofit Systems Market Size & Outlook
- Energy & Power
- Conventional Energy
- Energy Retrofit Systems Market Outlook
- Conventional Energy
Global Market
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Canada energy retrofit systems market highlights
- The Canada energy retrofit systems market generated a revenue of USD 6,887.4 million in 2025 and is expected to reach USD 13,410.5 million by 2033.
- The Canada market is expected to grow at a CAGR of 9.2% from 2026 to 2033.
- In terms of segment, envelope was the largest revenue generating product in 2025.
- LED Retrofit Lighting is the most lucrative product segment registering the fastest growth during the forecast period.
Energy retrofit systems market data book summary
| Market revenue in 2025 | USD 6,887.4 million |
| Market revenue in 2033 | USD 13,410.5 million |
| Growth rate | 9.2% (CAGR from 2026 to 2033) |
| Largest segment | Envelope |
| Fastest growing segment | LED Retrofit Lighting |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Envelope, LED Retrofit Lighting, HVAC Retrofit, Appliances |
| Key market players worldwide | Daikin Industries Ltd, Eaton Corp PLC, AECOM, Johnson Controls International PLC, Ameresco Inc Class A, Siemens AG, Trane Technologies PLC Class A, Orion Group Holdings Inc, Orion Energy Systems Inc, Signify NV, Engie SA, GE Aerospace, Schneider Electric SE |
Other key industry trends
- In terms of revenue, Canada accounted for 4.1% of the global energy retrofit systems market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. energy retrofit systems market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 6,884.9 million by 2033.
Canada is an emerging user of the energy retrofit system technology and is highly committed to its continuous advancement. Moreover, development of energy efficiency in the country is also part of a broad spectrum of measures taken by the government to meet carbon footprint reduction targets.
Government support favoring the installation of energy-efficient products in old and existing buildings drives the growth of the market in the country. For instance, in July 2019, Canada’s Natural Resources government announced to invest USD 4 million in retrofit homes in the First Nations community to meet a higher standard of energy efficiency.
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Publish Date: Jun 08, 2026
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Energy Retrofit Systems Market Scope
Energy Retrofit Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Schneider Electric SE | View profile | 162,339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | www.se.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Engie SA | View profile | 97,000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | www.engie.com |
| Daikin Industries Ltd | View profile | 107,127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | www.daikin.com |
| AECOM | View profile | 52,000 | 13355 Noel Road, Suite 400, Dallas, TX, United States, 75240 | www.aecom.com |
| Eaton Corp PLC | View profile | 94,000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | www.eaton.com |
| Signify NV | View profile | 31,920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | www.signify.com |
| Trane Technologies PLC Class A | View profile | 40,000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | www.tranetechnologies.com |
Canada Energy Retrofit Systems Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Energy Retrofit Systems Market Outlook will help companies and investors design strategic landscapes.
Envelope was the largest segment with a revenue share of 53.9% in 2025.
Horizon Databook has segmented the Canada energy retrofit systems market based on envelope, led retrofit lighting, hvac retrofit, appliances covering the revenue growth of each sub-segment from 2021 to 2033.
Canada is an emerging user of the energy retrofit system technology and is highly committed to its continuous advancement. Moreover, development of energy efficiency in the country is also part of a broad spectrum of measures taken by the government to meet carbon footprint reduction targets.
Government support favoring the installation of energy-efficient products in old and existing buildings drives the growth of the market in the country. For instance, in July 2019, Canada’s Natural Resources government announced to invest USD 4 million in retrofit homes in the First Nations community to meet a higher standard of energy efficiency.
- Canada Energy Retrofit Systems Market Product Outlook (Revenue, USD Million , 2021-2033)
- Envelope
- LED Retrofit Lighting
- HVAC Retrofit
- Appliances
- Canada Energy Retrofit Systems Market Application Outlook (Revenue, USD Million , 2021-2033)
- Residential
- Commercial
- Institutional
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Energy Retrofit Systems Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Energy Retrofit Systems Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Energy Retrofit Systems Market, 2021-2033 (US$M)
Canada energy retrofit systems market statistics, by product, 2021-2033 (US$M)
