Italy Energy Retrofit Systems Market Size & Outlook
Italy energy retrofit systems market, 2018-2030 (US$B)
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Italy energy retrofit systems market highlights
- The Italy energy retrofit systems market generated a revenue of USD 6.4 billion in 2022 and is expected to reach USD 10.5 billion by 2030.
- The Italy market is expected to grow at a CAGR of 6.4% 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 6.4 billion |
| Market revenue in 2030 | USD 10.5 billion |
| Growth rate | 6.4% (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, Italy accounted for 4.3% 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 53.13% in 2022. Horizon Databook has segmented the Italy 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.
Italy is an attractive market for energy retrofit systems in Europe. Italy is home to energy utility giants such as Enel X S.r.l., which provides energy solutions by increasing energy efficiency and achieving sustainability for its clients.
Gradually expensive residential properties and laws protecting older buildings have brought modifications to eminence, with more and more clients opting for modifications. Upgradation also helps homeowners to control their energy bills while encouraging upgraded energy systems, which positively impacts the carbon footprint.
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Energy Retrofit Systems Market Scope
Energy Retrofit Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy energy retrofit systems market size, by product, 2018-2030 (US$B)
Italy Energy Retrofit Systems Market Outlook Share, 2022 & 2030 (US$B)
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