The global energy retrofit market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period (2021-2027). It is anticipated that, growing adoption of HVAC systems and other advanced technologies will make major contribution in the growth of the market. The technological advancement in market will lead to significant migration towards energy retrofit systems as the customers are more inclined towards the comfort of HVAC. According to Environmental Protection Agency, one of the most energy efficient, sustainable, and inexpensive systems is HVAC geothermal heat pumps. It reduces the energy usage significantly as compared to traditional systems of heating and cooling. Concern for greenhouse gas emission among people has been increased that leads to shift their preference towards more environment friendly and sustainable systems. In addition, as per the studies released by the US Department of Energy, replacing traditional heating and cooling systems with advanced equipment can reduce energy usage by 50%, depending on the region.
Browse the full report description of "Global Energy Retrofit Market Size, Share & Trends Analysis Report by Product (Envelope, LED Retrofit Lighting, HVAC Retrofit, and Appliances), and by Application (Residential, and Non-Residential) Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/energy-retrofit-market
For instance, in July 2021, Emerson has conducted a webinar on the occasion of world refrigeration day that was focused on modernization of HVAC tools and technologies along with the exploration of emerging career opportunities in HVAC. A roundtable discussion among panel members was also included in the webinar.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Daikin Industries ltd., Johnson Controls, Orion energy systems, Inc., AECOM, Ameresco and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global ENERGY RETROFIT Market Report Segment
By Product
• Envelope
• LED Retrofit Lighting
• HVAC Retrofit
• Appliances (Dryers, Refrigerators, and Air Purifiers)
By Application
• Residential
• Commercial
Global Energy Retrofit Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa