France Energy Retrofit Systems Market Size & Outlook
France energy retrofit systems market, 2018-2030 (US$B)
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France energy retrofit systems market highlights
- The France energy retrofit systems market generated a revenue of USD 9.8 billion in 2022 and is expected to reach USD 16.3 billion by 2030.
- The France market is expected to grow at a CAGR of 6.6% 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 2022 | USD 9.8 billion |
| Market revenue in 2030 | USD 16.3 billion |
| Growth rate | 6.6% (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 |
Other key industry trends
- In terms of revenue, France accounted for 6.5% 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 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 16.3 billion by 2030.
Envelope was the largest segment with a revenue share of 51.02% in 2022. Horizon Databook has segmented the France 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 life span of the buildings in Germany is about 35 years. Hence, retrofitting them with advanced technologies, such as LED and HVAC, will enhance life and ensure long-term cost savings for homeowners and businesses.
Germany is among the early adopters of clean energy solutions globally for residential and non-residential sectors. The non-residential sector has large-scale installation of HVAC systems and technological obsolescence of traditional systems that are expected to trigger a large-scale migration to modernization.
It can be attributed to the increased importance of clean-energy solutions as per the energy act introduced by the U.S. government. Moreover, based on acts, relevant policies and regulations have been established to cater to different aspects of distinct sectors. Such parameters have proven to be beneficial for penetrating the energy retrofit systems business model in Germany.
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Energy Retrofit Systems Market Scope
Energy Retrofit Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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France energy retrofit systems market size, by product, 2018-2030 (US$B)
France Energy Retrofit Systems Market Outlook Share, 2022 & 2030 (US$B)
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