Energy retrofit systems Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

This professional and specialized report study examines the technical and business perspective of the Energy retrofit systems industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the Energy retrofit systems Market. The report study analyzes the market statistics at the global as well as regional levels to gain an in-depth perspective of the overall Energy retrofit systems Market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volumes (Thousand Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

Key Insights from Primary Research

• Our primary respondents believe the market to witness steady growth of 8.6% over the forecast period on account of the rising need for efficient and optimum electricity requirements around the globe.
• Most of the CXOs predict the commercial building segment to maintain its dominance throughout 2026 due to the increase need for high capacity and efficient systems to reduce carbon emission from large-sized buildings. Furthermore, the companies operating in this market are partnering with local and domestic players to increase their goodwill in the ever-competitive market ecosystem.
• Some of the industry experts interviewed in Europe revealed that the HVAC retrofit type is expected to generate considerable revenues for the Energy retrofit systems industry.
• Regionally, Europe is expected to contribute largely to the global Energy retrofit systems market. Some of the interviewees said that their future plans are to focus majorly on developing advanced solutions of Energy retrofit systems application areas. The organizations operating in countries such as the U.K., Germany, France, and others are expected to create higher adoption opportunities for the energy retrofit systems market.
• The information & technology subject matter experts suggest investing in R&D activities to come up with newer, economic, and more efficient Energy retrofit solutions. They believe advanced technology in the construction, energy & power industry will witness widespread acceptance across the value chain of the Energy retrofit systems market.

Key Recommendations from Analysts

• Our analysts recommend focusing on the Europe energy retrofit systems market since their calculations revealed that this region turned out to be the top investment pocket across the globe owing to greater opportunities in countries such as France, the U.K., Germany, Spain, Netherlands, and others.
• The major reason behind the upsurge in growth and lucrative opportunities underlying in this region is the rising need for energy system renovation and refurbishing in several industry verticals.
• North America, on the other hand, is expected to foresee a robust growth of around 8.4% per annum. This is majorly attributed to the rising need for energy efficiency to reduce carbon emissions in countries such as the U.S.A. and Canada.
• The strategic mergers and acquisitions by key industry players and high demand across end-use industries are anticipated to fuel the market growth
• The executive summary of the report reads the total incremental opportunity underlying in the global Energy retrofit systems market is nearly USD 70,000 million between 2020 and 2026.

Energy retrofit systems – Cost Structure

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Energy retrofit systems Market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the Energy retrofit systems Market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the Energy retrofit systems Market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the Energy retrofit systems Market.

The research study provides a critical assessment of the Energy retrofit systems industry by logically segmenting the market on the basis of product type, connectivity, port, distribution channel, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the Energy retrofit systems industry includes the holistic bifurcation of all five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Energy retrofit systems are used to renovate and refurbish existing buildings to improve the energy consumption and efficiency of buildings. Energy retrofit systems are expected to decrease the operational cost of buildings and also reduce the global carbon footprint. Since, the infrastructure is already built and it is important to take suitable measures to decarbonize the buildings and infrastructure, energy retrofit systems are important. Energy retrofit systems aim at curbing greenhouse gas (GHG) emissions.

The increase in electricity consumption in industries such as construction, energy & power, transportation, and others has increased the environmental threats by increased carbon emission. Energy retrofit systems are being installed by these industry verticals to decarbonize working processes; this reason is expected to lead to the growth Energy Retrofit Systems market.

Energy retrofit systems are anticipated to provide long-term benefits by reducing overall electricity cost and demand, thereby, reducing the need for investing in new electricity production and transmission. Energy retrofit systems companies are involved in growing their business presence by supplying to wide industry verticals by introducing effective and optimum solutions in energy retrofit systems.

The Energy retrofit systems Market is categorized by type and by application. The product type segment is further divided into LED Retrofit Lighting, HVAC Retrofit, and Others. By Application, the market is divided into Residential Buildings and Non-residential Buildings.

Report Scope

Some of the key players operating in the Energy retrofit systems Market around the globe include:

•  Dipl. Schott Glaswerke AG
•  Ohara Corporation
•  Aecom
•  Ameresco
•  Bosch
•  Honeywell
•  Itron
•  Johnson Controls
•  Noresco
•  Orion Energy Systems
•  Philips
•  Schneider Electric
•  HOYA CORPORATION
•  CDGM Glass Company
•  Edmund Optics
•  Nikon Corporation
•  CORNING
•  Schneider Electric

The taxonomy of the Energy retrofit systems industry by its scope and segmentation is as follows:

Global Energy Retrofit Systems Market: By Type Segmentation Analysis

• LED Retrofit Lighting
• HVAC Retrofit
• Other

Global Energy Retrofit Systems Market: By Application Segmentation Analysis

• Residential Buildings
• Non-residential Buildings

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising a dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)