Asia-pacific Energy Retrofit System Market Forecast 2022-2030

Asia-pacific Energy Retrofit System Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific energy retrofit system market is estimated to surge with a CAGR of 4.85% during the forecast period, 2022-2030. The presence of a large consumer base and several government programs and initiatives focused on energy efficiency drive the market growth.

MARKET INSIGHTS

The Asia-Pacific energy retrofit system market growth analysis includes the assessment of Japan, India, South Korea, Australia & New Zealand, China Singapore, and Rest of Asia-Pacific. The government of South Korea is set to reduce energy consumption by 18.6% by 2040 to decrease energy imports and contribute to a stable energy supply system. Therefore, the government would improve demand management in various sectors like construction, manufacturing, and transportation and make the demand management market more accessible.

Further, businesses with high energy intensity are encouraged to pursue voluntary agreements to reduce energy consumption as well as increase their use of high-efficiency devices. In addition, a Building Energy Management System (BEMS) is popularized to reduce energy consumption in buildings. Thus, the energy retrofit system is anticipated to witness surging demand due to its energy efficiency capabilities and mobilize its market growth in the Asia-Pacific region.

On the other hand, Singapore’s National Environment Agency (NEA) aims to reduce greenhouse gas emissions by increasing energy efficiency and switching to less carbon-intensive fuels. The NEA aggressively promotes energy efficiency through regulation, incentives, and public education in the residential, industrial, and public sectors. Also, energy efficiency is promoted by the Building and Construction Authority (BCA) and the Land Transport Authority (LTA) in the building and transportation sectors, which is expected to accelerate the market growth of energy retrofit devices in the forecast years.

COMPETITIVE INSIGHTS

Some prominent market players in the Asia-Pacific energy retrofit system market include Siemens, Johnson Controls, Signify NV, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments


1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Rise In Net‐zero Emissions Pledges
3.1.2. Worldwide Energy Crisis
3.2. Key Restraints
3.2.1. High Project Costs
3.2.2. Challenges In Implementing The Retrofit System In Developing And Underdeveloped Nations
3.2.3. Lack Of Awareness
4. Key Analytics
4.1. Impact Of Covid-19 On Energy Retrofit System Market
4.2. Key Market Trends
4.3. Porter’s Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Key Buying Criteria
4.7. List Of Government Energy Efficiency Departments
5. Market By Product
5.1. Envelope
5.2. Hvac Retrofit
5.3. Led Retrofit
5.4. Appliances
6. Market By Application
6.1. Non-residential
6.2. Residential
7. Geographical Analysis
7.1. Asia-pacific
7.1.1. Market Size & Estimates
7.1.2. Key Growth Enablers
7.1.3. Key Challenges
7.1.4. Key Players
7.1.5. Country Analysis
7.1.5.1. China
7.1.5.2. Japan
7.1.5.3. India
7.1.5.4. South Korea
7.1.5.5. Singapore
7.1.5.6. Australia & New Zealand
7.1.5.7. Rest Of Asia-pacific
8. Competitive Landscape
8.1. Key Strategic Developments
8.1.1. Mergers & Acquisitions
8.1.2. Product Launches & Developments
8.1.3. Partnerships & Agreements
8.1.4. Business Expansions
8.2. Company Profiles
8.2.1. Aecom
8.2.2. Ameresco
8.2.3. Daikin Industries Ltd
8.2.4. Eaton Corporation Plc
8.2.5. Engie
8.2.6. General Electric
8.2.7. Johnson Controls
8.2.8. Orion Energy System Inc
8.2.9. Schneider Electric
8.2.10. Siemens
8.2.11. Signify Nv
8.2.12. Trane Technologies Plc

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