Saudi Arabia Energy Retrofit Systems Market Size & Outlook
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Saudi Arabia energy retrofit systems market highlights
- The Saudi Arabia energy retrofit systems market generated a revenue of USD 237.8 million in 2024 and is expected to reach USD 332.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.1% from 2025 to 2030.
- In terms of segment, envelope was the largest revenue generating product in 2024.
- 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 2024 | USD 237.8 million |
| Market revenue in 2030 | USD 332.1 million |
| Growth rate | 6.1% (CAGR from 2025 to 2030) |
| Largest segment | Envelope |
| Fastest growing segment | LED Retrofit Lighting |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| 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, Saudi Arabia accounted for 0.1% of the global energy retrofit systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE energy retrofit systems market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 332.1 million by 2030.
Envelope was the largest segment with a revenue share of 54.54% in 2024. Horizon Databook has segmented the Saudi Arabia 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.
Energy efficient systems in the country are expected to generate demand with increasing population in Saudi Arabia. Adoption of these systems is anticipated to drive the demand for energy retrofit systems market in the country.
In 2017 the National Energy Services Company was created in order to retrofit all buildings in Saudi Arabia to comply with new energy efficiency standards that stimulated the growth of energy retrofit system market. Companies in Saudi Arabia are planning to decrease the energy consumption, which is driving the market growth.
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Energy Retrofit Systems Market Scope
Energy Retrofit Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Orion Energy Systems Inc | View profile | 265 | 2210 Woodland Drive, Manitowoc, WI, United States, 54220 | https://www.orionlighting.com |
| Ameresco Inc Class A | View profile | 1503 | 111 Speen Street, Suite 410, Framingham, MA, United States, 01701 | https://www.ameresco.com |
| Orion Group Holdings Inc | View profile | 1796 | 12000 Aerospace Avenue, Suite 300, Houston, TX, United States, 77034 | https://www.oriongroupholdingsinc.com |
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Signify NV | View profile | 31920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | https://www.signify.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| AECOM | View profile | 52000 | 13355 Noel Road, Suite 400, Dallas, TX, United States, 75240 | https://www.aecom.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Saudi Arabia energy retrofit systems market size, by application, 2018-2030 (US$M)
Saudi Arabia Energy Retrofit Systems Market Outlook Share, 2024 & 2030 (US$M)
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