FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 9691
Companies: 11 – Players covered include AECOM; Ameresco, Inc.; Chevron Corporation; Daikin Industries Ltd.; Eaton Corporation PLC; Johnson Controls International PLC; Orion Energy Systems, Inc.; Schneider Electric SA; Trane, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Residential, Non-Residential); P oduct (HVAC Retrofit System, LED Retrofit Lighting, Other Products)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Energy Retrofit Systems Market to Reach $167 Billion by 2026
Amid the COVID-19 crisis, the global market for Energy Retrofit Systems estimated at US$84.3 Billion in the year 2020, is projected to reach a revised size of US$167 Billion by 2026, growing at a CAGR of 11.9% over the analysis period. HVAC Retrofit System, one of the segments analyzed in the report, is projected to record a 12.8% CAGR and reach US$86.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the LED Retrofit Lighting segment is readjusted to a revised 11.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $28.4 Billion in 2021, While China is Forecast to Reach $29.3 Billion by 2026
The Energy Retrofit Systems market in the U.S. is estimated at US$28.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.3 Billion by the year 2026 trailing a CAGR of 11.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.4% and 10.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR. More
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