Spain Energy Retrofit Systems Market Size & Outlook
Spain energy retrofit systems market, 2018-2030 (US$B)
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Spain energy retrofit systems market highlights
- The Spain energy retrofit systems market generated a revenue of USD 10.7 billion in 2022 and is expected to reach USD 17.7 billion by 2030.
- The Spain market is expected to grow at a CAGR of 6.5% 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 10.7 billion |
| Market revenue in 2030 | USD 17.7 billion |
| Growth rate | 6.5% (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, Spain accounted for 7.2% 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 51.4% in 2022. Horizon Databook has segmented the Spain 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.
In Spain, the market has witnessed increased product adoption in the recent year due to the increase in product demand across the country. Also, increasing consumer awareness regarding the use of energy systems is expected to drive the demand for energy retrofit systems over the forecast period.
Favorable policies and regulations regarding increasing energy efficiency of buildings and awareness regarding green buildings have driven the energy retrofit system market growth.
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Energy Retrofit Systems Market Scope
Energy Retrofit Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain energy retrofit systems market size, by product, 2018-2030 (US$B)
Spain Energy Retrofit Systems Market Outlook Share, 2022 & 2030 (US$B)
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