Market revenue in 2022 | USD 4.5 billion |
Market revenue in 2030 | USD 7.6 billion |
Growth rate | 6.7% (CAGR from 2022 to 2030) |
Largest segment | Envelope |
Fastest growing segment | LED Retrofit Lighting |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD billion |
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 |
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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