Retrofitting involves improving or replacing lighting fixtures, ventilation systems or windows and doors, or adding insulation where it makes economic sense. Retrofitting is the incorporation of measures to reduce energy consumption in buildings. These can be to the fabric of the buildings, such as insulating walls, and includes appropriate use of renewable energy technologies such as solar panels.

Market Dynamics:

The global energy retrofit market is driven by the need for the improvement in energy efficiency and high demand for energy consumption. Due to the constant innovation in this industry, mergers, acquisitions and heavy flow of investments the market is witnessing heavy growth. Moreover, increase in popularity of regulatory mandates and incentive programs is again driving growth of the global energy retrofit market. Furthermore, Rapid growth in urbanization and industrialization is further projected to augment market growth.

On the other hand, longer payback period and hidden costs and stringent rule in the industry is expected to hamper the market growth.

Key features of the study:

• This report provides in-depth analysis of the global Energy Retrofit market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global Global Energy Retrofit marketbased on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Carrier, Haier Group, Emerson Electric Co., LG Electronics., Lennox International, Rheem Manufacturing Company, Trane Technologies plc, Vishay Intertechnology, Inc., Acuity Brands Lighting, Inc., Ideal Industries, Inc., Lumigrow, Hubbell, Constellation Newenergy, Inc., Energy Systems Group, Cmta, Inc., The Brewer-Garrett Company, Digi-Key Electronics, Renesas Electronics Corporation., Ameresco.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global Global Energy Retrofit marketreport caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Energy Retrofit market

Detailed Segmentation:

• Global Energy Retrofit Market, By Product
  • LED Retrofit Lighting
  • HVAC Retrofit
  • Envelope
  • Appliances
• Global Energy Retrofit Market, By End Use
  • Residential
  • Non Residential
• Global Energy Retrofit Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Carrier
  • Haier Group
  • Emerson Electric Co.
  • LG Electronics.
  • Lennox International
  • Rheem Manufacturing Company
  • Trane Technologies plc
  • Vishay Intertechnology, Inc.
  • ACUITY BRANDS LIGHTING, INC.
  • IDEAL INDUSTRIES, INC.
  • LumiGrow
  • Hubbell
  • Constellation NewEnergy, Inc.
  • Energy Systems Group
  • CMTA, INC.
  • The Brewer-Garrett Company
  • Digi-Key Electronics
  • Renesas Electronics Corporation.
  • Ameresco