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Report Highlights
The global market for energy retrofits in commercial and public buildings is expected to grow from $134.7 billion in 2024 to $191.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.3% from 2024 through 2029.
Report Includes
- 43 data tables and 58 additional tables
- Analyses of trends in the global market for energy retrofits for commercial and public buildings, with market revenue data for 2023, estimates for 2024, forecasts for 2025 and 2027, and projected CAGRs through 2029
- Estimates of the global market size and revenue growth prospects, along with a market share analysis by retrofit (technology) type, product type, building type, and region
- Facts and figures pertaining to the market dynamics, technical advances, regulations, and the impact of region- and industry-specific macroeconomic factors
- Insights derived from the Porter’s Five Forces model, as well as global supply chain and PESTLE analyses
- Key enabling technologies for energy retrofit technologies used in building applications, and their commercial or developmental status
- Analysis of key patent grants and patent applications
- A look at supportive government programs and policies for energy retrofit technologies
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activities, and a venture funding outlook
- Company profiles of leading players, including Carrier, AECOM, Johnson Controls, Honeywell International Inc., and Trane Technologies Plc.
Report Scope
This report segments the market based on retrofit, product and building types. The report discusses the advances in technology, regulations, competitive aspects and economic trends that influence the market. The analysis includes a patent review of energy retrofits for commercial and public buildings market, which depicts a strong investment prospect for technology investors. The study also presents Porter’s Five Forces analysis, an ESG development chapter, emerging technologies and various macro-economic factors. The report concludes with detailed profiles of the major companies that provide energy retrofits for commercial and public buildings.
The report includes a regional analysis of energy retrofits covering North America, Europe, Asia-Pacific and Rest of the World (RoW), which includes South America, the Middle East and Africa. Country analysis includes the U.S., Germany, the U.K. and China, examining the current and future factors influencing demand. The study uses 2023 as the base year, 2024 as an estimated year and projections are for the period 2024 through 2029, including forecasts of compound annual growth rates (CAGR) for the forecast period. All market values are in millions of dollars. The scope of the study does not include the residential and industrial buildings.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024 to 2029 | ||||||||||||||||
| Base year market size | $126.5 Billion | ||||||||||||||||
| Market size forecast | $191.3 Billion | ||||||||||||||||
| Growth rate | CAGR of 7.3% from 2024 to 2029 | ||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||
| Segments covered | By Retrofit Type, Product Type, Building Type, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and the Rest of the World (South America, the Middle East and Africa) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Supportive government regulations & incentives to improve energy efficiency in buildings.
- Growing initiatives to reduce greenhouse gas emissions.
- Increasing focus on harnessing power from clean energy sources.
- By Retrofit Type.
- By Product Type.
- By Building Type.
- By Region.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
BCC Research estimates the global conventional energy retrofits market for public buildings and private commercial buildings to grow from $85.1 billion in 2015 to nearly $132.3 billion by 2020, registering a compound annual growth rate (CAGR) of 9.2%.
Report Includes
- An overview of the global markets for energy retrofits for commercial and public buildings
- Analyses of global market trends, with data from 2014, 2015, and projections of CAGRs through 2020
- Coverage of how the growth of public buildings and private commercial buildings is likely to affect building energy consumption in different regions of the world
- Various energy retrofit technologies and assessments of their emissions reduction potential
- Information on emerging technologies that could compete with or replace existing technologies in use for these applications
- Relevant patent analysis
- Technology vendor profiles
Report Highlights
The total market for conventional retrofits including the energy retrofit technologies examined in this study—heating, ventilating, and air-conditioning (HVAC) equipment, energy efficient lighting and lighting design, electricity sub-meters, and green roofs—is estimated to increase from $35.5 billion in 2010 to $60.7 billion in 2015 at a compound annual growth rate (CAGR) of 11.3%.
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