Australia Energy Retrofit Systems Market Size & Outlook

The energy retrofit systems market in Australia is expected to reach a projected revenue of US$ 7.6 billion by 2030. A compound annual growth rate of 6.7% is expected of Australia energy retrofit systems market from 2023 to 2030.
Revenue, 2022 (US$B)
$4.5
Forecast, 2030 (US$B)
$7.6
CAGR, 2023 - 2030
6.8%
Report Coverage
Australia

Australia energy retrofit systems market highlights

  • The Australia energy retrofit systems market generated a revenue of USD 4.5 billion in 2022 and is expected to reach USD 7.6 billion by 2030.
  • The Australia market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
  • In terms of segment, envelope was the largest revenue generating product in 2022.
  • 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 2022USD 4.5 billion
Market revenue in 2030USD 7.6 billion
Growth rate6.7% (CAGR from 2022 to 2030)
Largest segmentEnvelope
Fastest growing segmentLED Retrofit Lighting
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationEnvelope, LED Retrofit Lighting, HVAC Retrofit, Appliances
Key market players worldwideDaikin 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, Australia accounted for 3.0% of the global energy retrofit systems market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China energy retrofit systems market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 9.8 billion by 2030.

Envelope was the largest segment with a revenue share of 51.11% in 2022. Horizon Databook has segmented the Australia 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.


Commercial buildings in the country generate 10% of its greenhouse gas emissions. Growing awareness among building owners to deploy energy-efficient products in their buildings to reduce carbon footprint and lower their operating costs fuel the demand for energy retrofit systems in Australia.

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Energy Retrofit Systems Market Companies

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Australia energy retrofit systems market size, by product, 2018-2030 (US$B)

Australia Energy Retrofit Systems Market Outlook Share, 2022 & 2030 (US$B)

Australia energy retrofit systems market size, by product, 2018-2030 (US$B)

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