Market revenue in 2022 | USD 6.5 billion |
Market revenue in 2030 | USD 10.7 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 |
Envelope was the largest segment with a revenue share of 52.31% in 2022. Horizon Databook has segmented the Japan 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 market in Japan has developed significantly owing to strong government support in form of incentives and strategic market focus. Technological developments related to energy efficiency have played a crucial role in the growth of energy retrofit systems market in Japan.
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