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.
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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-
- By Product
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– including Daikin Industries ltd., Johnson Controls, Orion energy systems, Inc., AECOM, Ameresco and others.
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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
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Alfa Laval
- BlocPower Public Benefit Corp.
- Chevron Corp.
- 4. Eaton Corp. plc
- ENGIE S.A.
- ON SE
- Emerson Electric Co.
- General Electric
- Kontrol Technologies Corp.
- Octopus Energy Ltd
- Siemens
- Signify
- Schneider Electric
- Sterlite Power Transmission Ltd.
- Trane Technologies Company, LLC
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
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