Market revenue in 2022 | USD 0.2 billion |
Market revenue in 2030 | USD 0.3 billion |
Growth rate | 5.7% (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 50% in 2022. Horizon Databook has segmented the Paraguay 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.
Paraguay is an emerging economy in Central & South America with the highest per capita hydroelectric energy generation in the world. However, only 18% of hydroelectricity produced in the country is used locally with 41% of its energy matrix corresponding to conventional fossil fuels.
It is one of the countries in the region wherein the residential sector accounts for the largest share of the overall energy consumption. Hence, modernizing old and existing residential buildings in Paraguay is expected to prompt the demand for energy retrofit systems in the country.
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