Spain Energy Retrofit Systems Market Size & Outlook
The energy retrofit systems market in Spain is expected to reach a projected revenue of US$ 17,716.1 million by 2030. A compound annual growth rate of 7.7% is expected of Spain energy retrofit systems market from 2025 to 2030.
Revenue, 2024 (US$M)
$11,608.1
Forecast, 2030 (US$M)
$17,716.1
CAGR, 2025 - 2030
7.7%
Report Coverage
Spain
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Spain energy retrofit systems market highlights
- The Spain energy retrofit systems market generated a revenue of USD 11,608.1 million in 2024 and is expected to reach USD 17,716.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.7% 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 11,608.1 million |
| Market revenue in 2030 | USD 17,716.1 million |
| Growth rate | 7.7% (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, Spain accounted for 7.2% 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 Europe, UK energy retrofit systems market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 16,277.8 million by 2030.
Envelope was the largest segment with a revenue share of 53.55% in 2024. Horizon Databook has segmented the Spain 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.
In Spain, the market has witnessed increased product adoption in the recent year due to the increase in product demand across the country. Also, increasing consumer awareness regarding the use of energy systems is expected to drive the demand for energy retrofit systems over the forecast period.
Favorable policies and regulations regarding increasing energy efficiency of buildings and awareness regarding green buildings have driven the energy retrofit system market growth.
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Energy Retrofit Systems Market Scope
Energy retrofit systems market segmentation & 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 |
Spain energy retrofit systems market size, by application, 2018-2030 (US$M)
Spain Energy Retrofit Systems Market Outlook Share, 2024 & 2030 (US$M)
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