Mexico Energy Retrofit Systems Market Size & Outlook
Mexico energy retrofit systems market, 2018-2030 (US$B)
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Mexico energy retrofit systems market highlights
- The Mexico energy retrofit systems market generated a revenue of USD 3.1 billion in 2022 and is expected to reach USD 5.0 billion by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% 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 3.1 billion |
| Market revenue in 2030 | USD 5.0 billion |
| Growth rate | 6.2% (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, Mexico accounted for 2.1% 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 North America, U.S. energy retrofit systems market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 5.0 billion by 2030.
Envelope was the largest segment with a revenue share of 51.61% in 2022. Horizon Databook has segmented the Mexico 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.
Various initiatives have been taken by the government to increase building energy-conservation practices. As per IEA, Mexico’s population is expected to grow to nearly 150 million by 2050 and such increase in population owes the demand of construction and modernizing of older buildings.
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Energy Retrofit Systems Market Scope
Energy Retrofit Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico energy retrofit systems market size, by product, 2018-2030 (US$B)
Mexico Energy Retrofit Systems Market Outlook Share, 2022 & 2030 (US$B)
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