United States Energy Retrofit System Market Forecast 2024-2032

The United States energy retrofit system market is predicted to progress at a CAGR of 4.71% during the forecast period 2024-2032. Different factors stimulate market growth, such as advancements in retrofit technologies improving efficiency and lowering costs, increased awareness of environmental impacts driving adoption of green solutions, government policies and incentives promoting energy efficiency in buildings, and rising energy costs driving demand for retrofits to reduce costs.

MARKET INSIGHTS

In the United States energy retrofit system market, innovative business models such as energy service companies (ESCOs) are vital in overcoming cost barriers. ESCOs provide a strategic approach by offering energy efficiency solutions that minimize upfront costs for clients. This innovation facilitates the implementation of retrofit projects, making them financially viable for a scale of businesses and building owners. The prevalence of ESCOs underlines a significant shift toward sustainable and energy-efficient solutions, contributing to the overall growth of the retrofit system market.

Additionally, the market is experiencing an eminent trend with the convergence of retrofits and emerging technologies like renewable energy, storage, and electric vehicles (EVs), resulting in the provision of valuable grid services. This integration goes past mere energy efficiency, creating interconnected infrastructures that actively contribute to the grid. Retrofitted buildings, when combined with renewable energy sources, energy storage solutions, and EVs, enhance overall sustainability and resilience, offering valuable services to the grid and advancing the evolution of smart energy ecosystems.

However, the energy retrofit system market in the United States faces challenges related to disruptions caused by retrofit activities to building operations. The implementation of retrofit projects often necessitates adjustments to regular building operations, leading to temporary inconveniences for occupants. Balancing the imperative for energy efficiency improvements with minimal disruptions becomes a critical consideration for achieving successful retrofit outcomes. Addressing these challenges requires strategic planning and effective communication to ensure a consistent transition during retrofit activities.

COMPETITIVE INSIGHTS

Some of the major companies in the United States energy retrofit system market include Eaton, AECOM, Johnson Controls, Trane, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. SCOPE OF STUDY
2.5. MAJOR MARKET FINDINGS
- 2.5.1. INCREASING DEMAND FOR ENERGY-EFFICIENT BUILDINGS AND GREEN BUILDING CERTIFICATIONS
- 2.5.2. EMERGENCE OF PERFORMANCE CONTRACTING MODELS
- 2.5.3. INNOVATIVE FINANCING MODELS AND FUNDING SOURCES

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. ADVANCEMENTS IN RETROFIT TECHNOLOGIES IMPROVING EFFICIENCY AND LOWERING COSTS
- 3.1.2. INCREASED AWARENESS OF ENVIRONMENTAL IMPACTS DRIVING ADOPTION OF GREEN SOLUTIONS
- 3.1.3. GOVERNMENT POLICIES AND INCENTIVES PROMOTING ENERGY EFFICIENCY IN BUILDINGS
- 3.1.4. RISING ENERGY COSTS DRIVING DEMAND FOR RETROFITS TO REDUCE COSTS
3.2. KEY RESTRAINTS
- 3.2.1. DISRUPTIONS CAUSED BY RETROFIT ACTIVITIES TO BUILDING OPERATIONS
- 3.2.2. HIGH UPFRONT COSTS AND LONG PAYBACK PERIODS
- 3.2.3. LACK OF SKILLED PERSONNEL TO IMPLEMENT ADVANCED RETROFIT SOLUTIONS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
- 4.1.1. INCREASED ADOPTION OF DEEP RETROFITS ACHIEVES HIGHER EFFICIENCY GAINS
- 4.1.2. LEVERAGING IOT AND DATA ANALYTICS OPTIMIZES EFFICIENCY OF RETROFITS
- 4.1.3. INNOVATIVE BUSINESS MODELS LIKE ESCOS OVERCOME COST BARRIERS
- 4.1.4. CONVERGENCE OF RETROFITS WITH RENEWABLE ENERGY, STORAGE, AND EVS PROVIDES GRID SERVICES
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
- 4.3.1. GROWTH PROSPECT MAPPING FOR UNITED STATES
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
- 4.6.1. DISTRIBUTION CHANNELS
- 4.6.2. ENERGY CONSUMERS AND END USERS
- 4.6.3. ENERGY EFFICIENCY TECHNOLOGY PROVIDERS
- 4.6.4. RETROFIT SOLUTION MANUFACTURERS
4.7. KEY BUYING CRITERIA
- 4.7.1. ENERGY EFFICIENCY AND PERFORMANCE
- 4.7.2. SYSTEM RELIABILITY AND LONGEVITY
- 4.7.3. SUPPORT SERVICES AND USER TRAINING
- 4.7.4. TECHNOLOGICAL INNOVATIONS IN RETROFIT SYSTEMS

5. MARKET BY TYPE

5.1. DEEP RETROFIT
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. QUICK WINS RETROFIT
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS

6. MARKET BY PRODUCT

6.1. ENVELOPE
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. LED LIGHTING
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. APPLIANCES
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. HVAC
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS

7. MARKET BY APPLICATION

7.1. RESIDENTIAL
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. INSTITUTIONAL
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. COMMERCIAL
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENT ANALYSIS

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS
- 8.1.1. MERGERS & ACQUISITIONS
- 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 8.1.3. PARTNERSHIPS & AGREEMENTS
- 8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
- 8.2.1. JOHNSON CONTROLS
  - 8.2.1.1. COMPANY OVERVIEW
  - 8.2.1.2. PRODUCT LIST
  - 8.2.1.3. STRENGTHS & CHALLENGES
- 8.2.2. AECOM
  - 8.2.2.1. COMPANY OVERVIEW
  - 8.2.2.2. PRODUCT LIST
  - 8.2.2.3. STRENGTHS & CHALLENGES
- 8.2.3. DAIKIN INDUSTRIES
  - 8.2.3.1. COMPANY OVERVIEW
  - 8.2.3.2. PRODUCT LIST
  - 8.2.3.3. STRENGTHS & CHALLENGES
- 8.2.4. TRANE
  - 8.2.4.1. COMPANY OVERVIEW
  - 8.2.4.2. PRODUCT LIST
  - 8.2.4.3. STRENGTHS & CHALLENGES
- 8.2.5. AMERESCO
  - 8.2.5.1. COMPANY OVERVIEW
  - 8.2.5.2. PRODUCT LIST
  - 8.2.5.3. STRENGTHS & CHALLENGES
- 8.2.6. EATON
  - 8.2.6.1. COMPANY OVERVIEW
  - 8.2.6.2. PRODUCT LIST
  - 8.2.6.3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - ENERGY RETROFIT SYSTEM MARKET
TABLE 2: UNITED STATES ENERGY RETROFIT SYSTEM MARKET REGULATORY FRAMEWORK
TABLE 3: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 5: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 7: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 9: LIST OF MERGERS & ACQUISITIONS
TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 12: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, GROWTH POTENTIAL, BY TYPE, IN 2023
FIGURE 7: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY DEEP RETROFIT, 2024-2032 (IN $ MILLION)
FIGURE 8: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY QUICK WINS RETROFIT, 2024-2032 (IN $ MILLION)
FIGURE 9: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2023
FIGURE 10: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY ENVELOPE, 2024-2032 (IN $ MILLION)
FIGURE 11: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY LED LIGHTING, 2024-2032 (IN $ MILLION)
FIGURE 12: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY APPLIANCES, 2024-2032 (IN $ MILLION)
FIGURE 13: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY HVAC, 2024-2032 (IN $ MILLION)
FIGURE 14: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 15: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY RESIDENTIAL, 2024-2032 (IN $ MILLION)
FIGURE 16: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY INSTITUTIONAL, 2024-2032 (IN $ MILLION)
FIGURE 17: UNITED STATES ENERGY RETROFIT SYSTEM MARKET, BY COMMERCIAL, 2024-2032 (IN $ MILLION)