The energy retrofit systems market is projected to grow at a CAGR of 12.6%, in terms of value, from 2017 to reach USD 176.11 Billion by 2025.

New York, NY -- (SBWire) -- 12/12/2018 --A new market assessment report on the Energy Retrofit Systems market provides a comprehensive overview of the Energy Retrofit Systems industry for the forecast period 2018 - 2025. The analytical study is proposed to provide immense clarity on the market size, share and growth rate across different regions. The profound knowledge and extensive examination of the trends from the yesteryear and future aims at offering the stakeholders, product owners, and marketing personnel a competitive edge over others operating in the Energy Retrofit Systems market for the forecast period, 2018 - 2025.

The major players covered in this Energy Retrofit Systems report are: AECOM, Daikin Industries Ltd, Johnson Controls , Orion Energy Systems, Schneider Electric, Ameresco Inc, Eaton, Trane Inc

Rising adoption of advanced technologies is the major factor which is anticipated to drive the growth of energy retrofit systems in this region. Urbanization, industrialization and construction of new infrastructures in Asia Pacific region are some of the major contributors to the expected growth of energy retrofit systems in Asia Pacific region during the forecast period. Developing economies such as India and China are anticipated to be the major contributor in the growth of Energy Retrofit Systems in Asia Pacific Region.

In September 2018, Ameresco Inc. announced acquiring Chelsea Group Limited a Hawaii-based building science and design engineering consulting firm with specialization in preserving and enhancing the mechanical infrastructure of commercial, institutional, retail and industrial facilities. Through the acquisition, the company aims to expand its energy solutions and customer base in Hawaii. Recently, the company announced the successful completion of a project serving the municipal government buildings of Stewart County, Tennessee.

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Segments covered in the Energy Retrofit Systems report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Reports and Data have segmented the energy retrofit systems market on the basis of product, application, and region:

Energy Retrofit Systems Product (Revenue, USD Million; 2016–2025)
- HVAC Retrofit
- LED Retrofit Lighting

Energy Retrofit Systems Application (Revenue, USD Million; 2014–2025)
- Residential Buildings
- Non-Residential Buildings

Geographically, this Energy Retrofit Systems report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)

We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The Energy Retrofit Systems research provides answers to the following key questions:
- Region and country wise consumption statistics of energy retrofit systems from the period 2015-2025.
2015-2017 has been utilized as historic data and 2018-2025, has been derived as forecasts
- Contributing factors to the for high adaptation of energy retrofit systems
- Energy Retrofit by Product Adaptation Rate (2015-2017)
- Regional Competitors Pricing Strategy
- Demand and Supply GAP Analysis
- Region Wise Establishment Consumption
- Mergers and acquisition in the Energy Retrofit Space
- Regional Governmental Policies

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Energy Retrofit Systems Market-O-Nomics:
- The global revenue of HVAC system market is expected to cross USD 200 billion by 2020
- The total cost allocated for building or upgrading buildings are 20% building costs and 80% operating
costs where 40% operating costs comes from energy, 30% maintenance and 10% from other costs
- Globally, the total energy consumption by commercial and residential segment is estimated to be around
35-45%
- The major factors driving this segment are increasing demand for building automation systems, adoption
of technological advances like IoT and growing awareness for energy efficient systems
- The HVAC retrofit systems accounted for 22% of the total market in 2017
- The average wattage consumption of15 Watt CFL or 60 Watt incandescent bulbs is approximately 7 Watt
which could be reduced to 5 Watt using equivalent wattage of LED retrofit bulb. This provides a scope
for potential energy and cost saving. The LED retrofit bulb's operational cost is only 25% of the
incandescent bulbs
- The demand for LED retrofit in annual replacement business has grown significantly during 2012-2016.
The annual replacement business can be segmented into – installed base fixtures, installed base light
sources and light sources consumed for replacement. The percentage growths from 2012 to 2016 in each
of these segments are approximately 460%, 819% and 592% respectively
- The residential segmented in the energy retrofit systems market was valued at USD 33.05 Billion in
2016
- The investment opportunity in residential building is 182 billion dollars. This investment would save
1892T British thermal units in annual energy consumption
- The investment opportunity in residential building is 182 billion dollars. This investment would save
1892T British thermal units in annual energy consumption
- Based on estimates, the building sector in the North American region specifically the U.S. and Canada
account for almost 600MToe of primary energy consumption

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