Colombia Energy Retrofit Systems Market Size & Outlook
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Colombia energy retrofit systems market highlights
- The Colombia energy retrofit systems market generated a revenue of USD 261.7 million in 2024 and is expected to reach USD 371.1 million by 2030.
- The Colombia market is expected to grow at a CAGR of 6.4% from 2025 to 2030.
- In terms of segment, envelope was the largest revenue generating product in 2024.
- 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 2024 | USD 261.7 million |
| Market revenue in 2030 | USD 371.1 million |
| Growth rate | 6.4% (CAGR from 2025 to 2030) |
| Largest segment | Envelope |
| Fastest growing segment | LED Retrofit Lighting |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| 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, Colombia accounted for 0.2% of the global energy retrofit systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil energy retrofit systems market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 526.0 million by 2030.
Envelope was the largest segment with a revenue share of 53.15% in 2024. Horizon Databook has segmented the Colombia 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.
The growth of the market in Colombia is slower than the growth of the market in other countries, such as Brazil, Argentina, and Paraguay, of the region. This is due to low investments in the deployment of energy-efficient systems in the country and increased reliance on the hydro generation of electricity to save energy.
However, in July 2021, the government of the country implemented an energy transition law in Colombia to promote investments for using hydrogen as a renewable energy source, as well as a fuel for sustainable transport. The law also includes other energy sources such as geothermal plants, as well as has the required framework for energy storage, carbon capture, and retrofit energy system usage.
Increased investments for retrofitting HVAC systems in public buildings and modernizing envelopes such as metal roofs and window insulation, fuels the growth of retrofit energy systems market in Colombia during the forecast period.
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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 |
Colombia energy retrofit systems market size, by application, 2018-2030 (US$M)
Colombia Energy Retrofit Systems Market Outlook Share, 2024 & 2030 (US$M)
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