Global Energy Retrofit Systems Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Energy Retrofit Systems Market is continuously growing across the world over the coming years. The major driving factor of global Energy Retrofit Systems market are increase in demand and inadequate storage system that fulfil the energy requirement. The major factors which obstructing the market growth of energy retrofit system are lack of consumer awareness and high installation cost. Energy retrofit refers to the revamping of existing buildings to reduce the overall energy consumption and GHG emissions. With rising cost of energy and growing GHG emissions, the owners of both residential, commercial and public buildings are taking measures to improve the energy efficiency of their building.
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Moreover, energy retrofit offer various benefit such as improving energy efficiency, protecting human health and environment, improve indoor comfort, increase building resale value and save money on energy bills.
The regional analysis of Global Energy Retrofit Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to existing green building norms and government initiatives towards energy efficiency. Europe also contributes a major growth rate in the global Energy Retrofit Systems market due to increasing consumer awareness regarding to energy retrofitting. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to increasing policies & programs for existing and new building such as Three Star Rating System in order to promote green building in countries such as China.
The major market player included in this report are:
• Daikin Industries
• Johnson Controls
• Orion Energy Systems
• Schneider Electric
• Energy Retrofit Co.
• Eaton Corp
• E.ON Energy Services
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Building Type:
§ Residential Building
§ Commercial and Public Building
§ HVAC & Control
§ Insulation & Glazing
§ Lightning & Control
§ Water Heating
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Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Energy Retrofit Systems Market in Market Study:
§ Key Consulting Companies & Advisors
§ Large, medium-sized, and small enterprises
§ Venture capitalists
§ Value-Added Resellers (VARs)
§ Third-party knowledge providers
§ Investment bankers