North America Energy Retrofit System Market 2024-2032
MARKET OUTLOOK
Triton’s research insinuates that the North America energy retrofit system market is estimated to progress with a CAGR of 4.49% during the projected years 2024-2032. Canada and the United States are taken into consideration in this report.
Natural Resources Canada is the federal department dedicated to enhancing the quality of life by ensuring the sustainable, competitive, and inclusive development of the country’s abundant natural resources. It oversees energy sources, distribution, and efficiency nationwide, offering guidance and grants for enhancing energy efficiency in homes, transportation, buildings, and industry. An example is the Canadian Industry Partnership for Energy Conservation (CIPEC), a collaborative effort between the government and industry aimed at fostering innovative energy management practices to enhance efficiency and productivity across industries.
The US Department of Energy (DOE) Weatherization Assistance Program (WAP) is the DOE’s primary initiative to improve the energy efficiency of low-income households’ residences, thereby reducing energy costs while ensuring occupants’ health and safety. The government aims to decrease utility bills for numerous families by facilitating energy efficiency upgrades through the DOE’s weatherization assistance program.
COMPETITIVE OUTLOOK
The companies listed in the energy retrofit system market consist of Siemens AG, AECOM, Daikin Industries Ltd, and Johnson Controls International Plc.
1. North America 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. North America Energy Retrofit System Market – By Application
3.1. Residential
3.2. Commercial
3.3. Institutional
4. North America Energy Retrofit System Market – By Product
4.1. Envelope
4.2. Hvac
4.3. Led Lighting
4.4. Appliances
5. North America Energy Retrofit System Market – By Type
5.1. Quick Wins Retrofit
5.2. Deep Retrofit
6. North America Energy Retrofit System Market – By Country Outlook
6.1. North America
6.1.1. Country Analysis
6.1.1.1. United States
6.1.1.1.1. United States Energy Retrofit System Market Forecast & Prospects
6.1.1.2. Canada
6.1.1.2.1. Canada 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 Llc
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: North America Energy Retrofit System Market, By Regional Outlook, Historical Years, 2020-2023 (In $ Million)
Table 2: North America 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: North America Energy Retrofit System Market, By Application, 2024-2032 (In $ Million)
Table 9: North America Energy Retrofit System Market, By Product, 2024-2032 (In $ Million)
Table 10: North America Energy Retrofit System Market, By Type, 2024-2032 (In $ Million)
Table 11: North America Energy Retrofit System Market, By Regional Outlook, Historical Years, 2020-2023 (In $ Million)
Table 12: North America 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: North America Energy Retrofit System Market, By Application, 2023 & 2032 (In %)
Figure 5: North America Energy Retrofit System Market, By Residential, 2024-2032 (In $ Million)
Figure 6: North America Energy Retrofit System Market, By Commercial, 2024-2032 (In $ Million)
Figure 7: North America Energy Retrofit System Market, By Institutional, 2024-2032 (In $ Million)
Figure 8: North America Energy Retrofit System Market, By Product, 2023 & 2032 (In %)
Figure 9: North America Energy Retrofit System Market, By Envelope, 2024-2032 (In $ Million)
Figure 10: North America Energy Retrofit System Market, By Hvac, 2024-2032 (In $ Million)
Figure 11: North America Energy Retrofit System Market, By Led Lighting, 2024-2032 (In $ Million)
Figure 12: North America Energy Retrofit System Market, By Appliances, 2024-2032 (In $ Million)
Figure 13: North America Energy Retrofit System Market, By Type, 2023 & 2032 (In %)
Figure 14: North America Energy Retrofit System Market, By Quick Wins Retrofit, 2024-2032 (In $ Million)
Figure 15: North America Energy Retrofit System Market, By Deep Retrofit, 2024-2032 (In $ Million)
Figure 16: North America Energy Retrofit System Market, By Country 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)