Asia-Pacific Energy Retrofit System Market 2024-2032

Asia-pacific Energy Retrofit System Market 2024-2032



MARKET OUTLOOK

Triton’s report estimates the Asia-Pacific energy retrofit system market to obtain revenue growth at a CAGR of 4.21% during the forecast period 2024-2032. India, China, ASEAN countries, Australia & New Zealand, South Korea, Japan, and the Rest of Asia-Pacific are considered in the region’s market.

The Ministry of Power, via the Bureau of Energy Efficiency (BEE), has launched several energy efficiency initiatives covering household lighting, commercial buildings, appliance standards and labeling, and demand-side management in agriculture, municipalities, SMEs, and large industries across India.

Furthermore, the Government of India, under the Ministry of Power, has devised numerous other plans aimed at energy efficiency, conservation, and transition. The energy retrofit system is expected to play a significant role due to its applicability across various infrastructure sectors, thus indicating anticipated growth in the market.

In South Korea, the Korea Energy Agency was established to reduce GHG emissions and promote economic development through efficient energy use projects. In June 2019, the Korean government ratified the Third Energy Master Plan, outlining a national energy strategy until 2040. A key focus of this plan is to enhance energy efficiency to restructure energy consumption. This involves improving demand management across sectors such as industry, buildings, and transportation, which significantly drives the studied market.

COMPETITIVE OUTLOOK

The key companies listed in the energy retrofit system market include AECOM, Siemens AG, Eaton Corporation Plc, and Daikin Industries Ltd.


1. Asia-pacific Energy Retrofit System Market – Summary
2. Industry Outlook
2.1. Porter’s Five Forces Analysis
2.1.1. Threat Of New Entrants
2.1.2. Threat Of Substitutes
2.1.3. Bargaining Power Of Buyers
2.1.4. Bargaining Power Of Suppliers
2.1.5. Threat Of Competitive Rivalry
2.2. Market Maturity Analysis
2.3. Supply Chain Analysis
2.3.1. Energy Efficiency Technology Providers
2.3.2. Retrofit Solution Manufacturers
2.3.3. Distribution Channels
2.3.4. Energy Consumers And End Users
2.4. Regulatory Framework
2.5. Key Buying Impact Analysis
2.5.1. Energy Efficiency And Performance
2.5.2. Technological Innovations In Retrofit Systems
2.5.3. System Reliability And Longevity
2.5.4. Support Services And User Training
2.6. Key Market Strategies
2.6.1. Collaborations
2.6.2. Product Launches
2.6.3. Acquisitions
2.6.4. Business Divestitures & Expansions
2.7. Market Drivers
2.7.1. Government Policies And Incentives Promoting Energy Efficiency In Buildings
2.7.2. Rising Energy Costs Driving Demand For Retrofits To Reduce Costs
2.7.3. Increased Awareness Of Environmental Impacts Driving Adoption Of Green Solutions
2.7.4. Advancements In Retrofit Technologies Improving Efficiency And Lowering Costs
2.7.5. Growth In Green Building Certification Programs Supporting Retrofit Activities
2.8. Market Challenges
2.8.1. High Upfront Costs And Long Payback Periods
2.8.2. Lack Of Funding And Financing Options For Retrofit Projects
2.8.3. Disruptions Caused By Retrofit Activities
2.8.4. Lack Of Skilled Personnel To Implement Advanced Retrofit Solutions
2.9. Market Opportunities
2.9.1. Leveraging Iot And Data Analytics To Optimize The Efficiency Of Retrofits
2.9.2. Innovative Business Models Such As Escos To Overcome Cost Barriers
2.9.3. Increased Adoption Of Deep Retrofits
2.9.4. Convergence Of Retrofits With Renewable Energy, Storage, And Evs
2.10. Analyst Perspective
3. Asia-pacific Energy Retrofit System Market – By Application
3.1. Residential
3.2. Commercial
3.3. Institutional
4. Asia-pacific Energy Retrofit System Market – By Product
4.1. Envelope
4.2. Hvac
4.3. Led Lighting
4.4. Appliances
5. Asia-pacific Energy Retrofit System Market – By Type
5.1. Quick Wins Retrofit
5.2. Deep Retrofit
6. Asia-pacific Energy Retrofit System Market – By Country Outlook
6.1. Asia-pacific
6.1.1. Country Analysis
6.1.1.1. China
6.1.1.1.1. China Energy Retrofit System Market Forecast & Prospects
6.1.1.2. Japan
6.1.1.2.1. Japan Energy Retrofit System Market Forecast & Prospects
6.1.1.3. India
6.1.1.3.1. India Energy Retrofit System Market Forecast & Prospects
6.1.1.4. South Korea
6.1.1.4.1. South Korea Energy Retrofit System Market Forecast & Prospects
6.1.1.5. Asean Countries
6.1.1.5.1. Asean Countries Energy Retrofit System Market Forecast & Prospects
6.1.1.6. Australia & New Zealand
6.1.1.6.1. Australia & New Zealand Energy Retrofit System Market Forecast & Prospects
6.1.1.7. Rest Of Asia-pacific
6.1.1.7.1. Rest Of Asia-pacific Energy Retrofit System Market Forecast & Prospects
7. Competitive Landscape
7.1. Ameresco
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Key Strength
7.1.4. Key Challenge
7.2. Eaton Corporation Plc
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Key Strengths
7.2.4. Key Challenge
7.3. Daikin Industries Ltd
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Key Strength
7.3.4. Key Challenge
7.4. Aecom
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Key Strengths
7.4.4. Key Challenge
7.5. Johnson Controls International Plc
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Key Strengths
7.5.4. Key Challenges
7.6. Siemens Ag
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Key Strengths
7.6.4. Key Challenge
7.7. Orion Energy Systems Inc
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Key Strengths
7.7.4. Key Challenge
7.8. Schneider Electric Se
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Key Strengths
7.8.4. Key Challenges
7.9. Signify Holding
7.9.1. Overview
7.9.2. Product Portfolio
7.9.3. Key Strengths
7.9.4. Key Challenges
7.10. General Electric Company
7.10.1. Overview
7.10.2. Product Portfolio
7.10.3. Key Strengths
7.10.4. Key Challenges
8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources Of Data
8.3. Research Methodology
List Of Tables
Table 1: Asia-pacific Energy Retrofit System Market, By Regional Outlook, Historical Years, 2020-2023 (In $ Million)
Table 2: Asia-pacific Energy Retrofit System Market, By Regional Outlook, Forecast Years, 2024-2032 (In $ Million)
Table 3: Regulatory Framework
Table 4: List Of Collaborations
Table 5: List Of Product Launches
Table 6: List Of Acquisitions
Table 7: List Of Business Divestitures & Expansions
Table 8: Asia-pacific Energy Retrofit System Market, By Application, 2024-2032 (In $ Million)
Table 9: Asia-pacific Energy Retrofit System Market, By Product, 2024-2032 (In $ Million)
Table 10: Asia-pacific Energy Retrofit System Market, By Type, 2024-2032 (In $ Million)
Table 11: Asia-pacific Energy Retrofit System Market, By Regional Outlook, Historical Years, 2020-2023 (In $ Million)
Table 12: Asia-pacific Energy Retrofit System Market, By Regional Outlook, Forecast Years, 2024-2032 (In $ Million)
List Of Figures
Figure 1: Market Maturity Analysis
Figure 2: Supply Chain Analysis
Figure 3: Key Buying Impact Analysis
Figure 4: Asia-pacific Energy Retrofit System Market, By Application, 2023 & 2032 (In %)
Figure 5: Asia-pacific Energy Retrofit System Market, By Residential, 2024-2032 (In $ Million)
Figure 6: Asia-pacific Energy Retrofit System Market, By Commercial, 2024-2032 (In $ Million)
Figure 7: Asia-pacific Energy Retrofit System Market, By Institutional, 2024-2032 (In $ Million)
Figure 8: Asia-pacific Energy Retrofit System Market, By Product, 2023 & 2032 (In %)
Figure 9: Asia-pacific Energy Retrofit System Market, By Envelope, 2024-2032 (In $ Million)
Figure 10: Asia-pacific Energy Retrofit System Market, By Hvac, 2024-2032 (In $ Million)
Figure 11: Asia-pacific Energy Retrofit System Market, By Led Lighting, 2024-2032 (In $ Million)
Figure 12: Asia-pacific Energy Retrofit System Market, By Appliances, 2024-2032 (In $ Million)
Figure 13: Asia-pacific Energy Retrofit System Market, By Type, 2023 & 2032 (In %)
Figure 14: Asia-pacific Energy Retrofit System Market, By Quick Wins Retrofit, 2024-2032 (In $ Million)
Figure 15: Asia-pacific Energy Retrofit System Market, By Deep Retrofit, 2024-2032 (In $ Million)
Figure 16: Asia-pacific Energy Retrofit System Market, By Country Outlook, 2023 & 2032 (In %)
Figure 17: China Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 18: Japan Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 19: India Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 20: South Korea Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 21: Asean Countries Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 22: Australia & New Zealand Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 23: Rest Of Asia-pacific Energy Retrofit System Market 2024-2032 (In $ Million)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings