With the emergence and long-term Impact of COVID-19, the Global Energy Retrofit Systems Market to reach USD 194.44 Million by 2027
Bizwit Research & Consulting LLP’s Recent Analysis on Global Energy Retrofit Systems Market is poised to raise up to USD 194.44 Million by 2027. The retrofitting of these systems leads to substantial reduction in energy costs for homes and offices. The global Energy retrofit system market is being driven by growing energy consumption and need for improved energy efficiency. Furthermore, regulatory mandates and incentive programs, will provide new opportunities for the global Energy retrofit system industry. For instance, according to international European agency, the electricity consumption increased by 50% between 2018 to 2050. As a result, increased in energy consumption will serve as a catalyst for the Energy retrofit system industry in the future. However, longer payback period and hidden costs, may impede market growth over the forecast period of 2021-2027.
Geographically, the global Energy Retrofit Systems Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). The rising consumption of energy and growing concern about the GHG emission and government regulation to decrease carbon footprint. makes Europe the leading region across the world in terms of market share. Whereas Europe is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rising funding from European union for conservation of energy and rising energy efficiency projects
The global Energy Retrofit Systems Market is highly competitive owing to the presence of several key manufacturers such as Daikin Industries, Ltd., Ameresco, Eaton, Aecom, Johnson Controls, Orion Energy Systems Inc., and others.
For further analysis on this or to request a sample copy of this report, please click the link mentioned below:
Key findings of the study suggest:
- Global Energy Retrofit Systems Market is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2021-2027.
- In the application segment, non-residential emerged as the leading market segment in 2020.
- Europe is anticipated to drive regional growth owing to the increasing number of government initiatives across the region.
- Europe is expected to grow at a high CAGR during 2021-2027.
Bizwit Research & Consulting has considered the following segments for the study:
By Product Type:
- Envelope
- LED Retrofit Lighting
- HVAC Retrofit
- Appliances
By Application:
- Residential
- Non-residential
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com
About Us
Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
Contact US
Global Business Development
Phone : +1 209 498-3066
Email: Sales@bizwitresearch.com
Website: www.bizwitresearch.com
