Global Energy Retrofit System Market 2024-2032

Global Energy Retrofit System Market 2024-2032



MARKET OUTLOOK

As per Triton’s analysis, the global energy retrofit system market is set to witness revenue growth at a CAGR of 4.05% over the forecast period 2024-2032.

Several factors, including rising energy costs and government incentives, drive the energy retrofit system market. Global concerns regarding energy shortages, the demand for clean and renewable energy solutions, and energy costs are escalating worldwide. Measures to address energy-related issues and implement energy-efficient solutions are essential at industrial and residential levels. Energy retrofit systems thus offer a viable solution by modifying and upgrading existing technologies to enhance energy efficiency. Moreover, advanced energy retrofit systems can be employed for new constructions.

However, high upfront costs and long payback periods, lack of funding, and lack of skilled personnel hamper the expansion of the energy retrofit system market.

REGIONAL OUTLOOK

The global energy retrofit system market covers Latin America, Europe, North America, Asia-Pacific, and the Middle East and Africa regions.

Globally, Europe is anticipated to emerge as the fastest-growing region over the forecasting years. The European Union’s collaborative endeavors to enhance energy efficiency throughout the continent have established a supportive infrastructure for technological exchange and investment attraction. This foundation is poised to bolster the energy retrofit system market in Europe.

COMPETITIVE OUTLOOK

The renowned companies in the energy retrofit system market are Daikin Industries Ltd, Johnson Controls International Plc, Eaton Corporation Plc, Ameresco, AECOM, Orion Energy Systems Inc, Signify Holding, General Electric Company, Siemens AG, and Schneider Electric SE.

Johnson Controls International Plc is a global leader in engineering, manufacturing, and commissioning building products and systems. Its offerings encompass residential and commercial HVAC equipment, industrial refrigeration systems, controls, security, fire detection, and fire suppression solutions. In addition to product provision, the company offers technical services such as maintenance, management, repair, retrofit, and replacement of equipment across HVAC, industrial refrigeration, security, and fire protection domains. Headquartered in Cork, Ireland, Johnson Controls serves customers in over 150 countries worldwide.


1. Global 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. Global Energy Retrofit System Market – By Application
3.1. Residential
3.2. Commercial
3.3. Institutional
4. Global Energy Retrofit System Market – By Product
4.1. Envelope
4.2. Hvac
4.3. Led Lighting
4.4. Appliances
5. Global Energy Retrofit System Market – By Type
5.1. Quick Wins Retrofit
5.2. Deep Retrofit
6. Global Energy Retrofit System Market – By Regional Outlook
6.1. North America
6.1.1. Market By Application
6.1.2. Market By Product
6.1.3. Market By Type
6.1.4. Country Analysis
6.1.4.1. United States
6.1.4.1.1. United States Energy Retrofit System Market Forecast & Prospects
6.1.4.2. Canada
6.1.4.2.1. Canada Energy Retrofit System Market Forecast & Prospects
6.2. Europe
6.2.1. Market By Application
6.2.2. Market By Product
6.2.3. Market By Type
6.2.4. Country Analysis
6.2.4.1. United Kingdom
6.2.4.1.1. United Kingdom Energy Retrofit System Market Forecast & Prospects
6.2.4.2. Germany
6.2.4.2.1. Germany Energy Retrofit System Market Forecast & Prospects
6.2.4.3. France
6.2.4.3.1. France Energy Retrofit System Market Forecast & Prospects
6.2.4.4. Spain
6.2.4.4.1. Spain Energy Retrofit System Market Forecast & Prospects
6.2.4.5. Italy
6.2.4.5.1. Italy Energy Retrofit System Market Forecast & Prospects
6.2.4.6. Poland
6.2.4.6.1. Poland Energy Retrofit System Market Forecast & Prospects
6.2.4.7. Rest Of Europe
6.2.4.7.1. Rest Of Europe Energy Retrofit System Market Forecast & Prospects
6.3. Asia-pacific
6.3.1. Market By Application
6.3.2. Market By Product
6.3.3. Market By Type
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.1.1. China Energy Retrofit System Market Forecast & Prospects
6.3.4.2. Japan
6.3.4.2.1. Japan Energy Retrofit System Market Forecast & Prospects
6.3.4.3. India
6.3.4.3.1. India Energy Retrofit System Market Forecast & Prospects
6.3.4.4. South Korea
6.3.4.4.1. South Korea Energy Retrofit System Market Forecast & Prospects
6.3.4.5. Asean Countries
6.3.4.5.1. Asean Countries Energy Retrofit System Market Forecast & Prospects
6.3.4.6. Australia & New Zealand
6.3.4.6.1. Australia & New Zealand Energy Retrofit System Market Forecast & Prospects
6.3.4.7. Rest Of Asia-pacific
6.3.4.7.1. Rest Of Asia-pacific Energy Retrofit System Market Forecast & Prospects
6.4. Latin America
6.4.1. Market By Application
6.4.2. Market By Product
6.4.3. Market By Type
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.1.1. Brazil Energy Retrofit System Market Forecast & Prospects
6.4.4.2. Mexico
6.4.4.2.1. Mexico Energy Retrofit System Market Forecast & Prospects
6.4.4.3. Rest Of Latin America
6.4.4.3.1. Rest Of Latin America Energy Retrofit System Market Forecast & Prospects
6.5. Middle East And Africa
6.5.1. Market By Application
6.5.2. Market By Product
6.5.3. Market By Type
6.5.4. Country Analysis
6.5.4.1. United Arab Emirates
6.5.4.1.1. United Arab Emirates Energy Retrofit System Market Forecast & Prospects
6.5.4.2. Saudi Arabia
6.5.4.2.1. Saudi Arabia Energy Retrofit System Market Forecast & Prospects
6.5.4.3. Israel
6.5.4.3.1. Israel Energy Retrofit System Market Forecast & Prospects
6.5.4.4. South Africa
6.5.4.4.1. South Africa Energy Retrofit System Market Forecast & Prospects
6.5.4.5. Rest Of Middle East & Africa
6.5.4.5.1. Rest Of Middle East & Africa 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: Global Energy Retrofit System Market, By Regional Outlook, Historical Years, 2020-2023 (In $ Million)
Table 2: Global 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: Global Energy Retrofit System Market, By Application, 2024-2032 (In $ Million)
Table 9: Global Energy Retrofit System Market, By Product, 2024-2032 (In $ Million)
Table 10: Global Energy Retrofit System Market, By Type, 2024-2032 (In $ Million)
Table 11: Global Energy Retrofit System Market, By Regional Outlook, Historical Years, 2020-2023 (In $ Million)
Table 12: Global Energy Retrofit System Market, By Regional Outlook, Forecast Years, 2024-2032 (In $ Million)
Table 13: North America Energy Retrofit System Market, By Country Outlook, 2024-2032 (In $ Million)
Table 14: North America Energy Retrofit System Market, By Application, 2024-2032 (In $ Million)
Table 15: North America Energy Retrofit System Market, By Product, 2024-2032 (In $ Million)
Table 16: North America Energy Retrofit System Market, By Type, 2024-2032 (In $ Million)
Table 17: Europe Energy Retrofit System Market, By Country Outlook, 2024-2032 (In $ Million)
Table 18: Europe Energy Retrofit System Market, By Application, 2024-2032 (In $ Million)
Table 19: Europe Energy Retrofit System Market, By Product, 2024-2032 (In $ Million)
Table 20: Europe Energy Retrofit System Market, By Type, 2024-2032 (In $ Million)
Table 21: Asia-pacific Energy Retrofit System Market, By Country Outlook, 2024-2032 (In $ Million)
Table 22: Asia-pacific Energy Retrofit System Market, By Application, 2024-2032 (In $ Million)
Table 23: Asia-pacific Energy Retrofit System Market, By Product, 2024-2032 (In $ Million)
Table 24: Asia-pacific Energy Retrofit System Market, By Type, 2024-2032 (In $ Million)
Table 25: Latin America Energy Retrofit System Market, By Country Outlook, 2024-2032 (In $ Million)
Table 26: Latin America Energy Retrofit System Market, By Application, 2024-2032 (In $ Million)
Table 27: Latin America Energy Retrofit System Market, By Product, 2024-2032 (In $ Million)
Table 28: Latin America Energy Retrofit System Market, By Type, 2024-2032 (In $ Million)
Table 29: Middle East And Africa Energy Retrofit System Market, By Country Outlook, 2024-2032 (In $ Million)
Table 30: Middle East And Africa Energy Retrofit System Market, By Application, 2024-2032 (In $ Million)
Table 31: Middle East And Africa Energy Retrofit System Market, By Product, 2024-2032 (In $ Million)
Table 32: Middle East And Africa Energy Retrofit System Market, By Type, 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: Global Energy Retrofit System Market, By Application, 2023 & 2032 (In %)
Figure 5: Global Energy Retrofit System Market, By Residential, 2024-2032 (In $ Million)
Figure 6: Global Energy Retrofit System Market, By Commercial, 2024-2032 (In $ Million)
Figure 7: Global Energy Retrofit System Market, By Institutional, 2024-2032 (In $ Million)
Figure 8: Global Energy Retrofit System Market, By Product, 2023 & 2032 (In %)
Figure 9: Global Energy Retrofit System Market, By Envelope, 2024-2032 (In $ Million)
Figure 10: Global Energy Retrofit System Market, By Hvac, 2024-2032 (In $ Million)
Figure 11: Global Energy Retrofit System Market, By Led Lighting, 2024-2032 (In $ Million)
Figure 12: Global Energy Retrofit System Market, By Appliances, 2024-2032 (In $ Million)
Figure 13: Global Energy Retrofit System Market, By Type, 2023 & 2032 (In %)
Figure 14: Global Energy Retrofit System Market, By Quick Wins Retrofit, 2024-2032 (In $ Million)
Figure 15: Global Energy Retrofit System Market, By Deep Retrofit, 2024-2032 (In $ Million)
Figure 16: Global Energy Retrofit System Market, By Regional Outlook, 2023 & 2032 (In %)
Figure 17: United States Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 18: Canada Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 19: United Kingdom Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 20: Germany Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 21: France Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 22: Spain Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 23: Italy Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 24: Poland Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 25: Rest Of Europe Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 26: China Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 27: Japan Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 28: India Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 29: South Korea Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 30: Asean Countries Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 31: Australia & New Zealand Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 32: Rest Of Asia-pacific Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 33: Brazil Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 34: Mexico Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 35: Rest Of Latin America Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 36: United Arab Emirates Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 37: Saudi Arabia Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 38: Israel Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 39: South Africa Energy Retrofit System Market 2024-2032 (In $ Million)
Figure 40: Rest Of Middle East & Africa Energy Retrofit System Market 2024-2032 (In $ Million)

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