Market by Application, Product, Type, and Country Outlook | Forecast 2024-2032
Triton’s report suggests the Asia-Pacific energy retrofit system market to progress with a CAGR of 4.21% over the forecast years 2024-2032.
The
countries examined in this region include:
•       Â
China
•       Â
Japan
•       Â
South Korea
•       Â
India
•       Â
ASEAN Countries
•       Â
Australia & New Zealand
•       Â
Rest of Asia-Pacific
Government
programs and initiatives aimed at energy efficiency are expected to propel the
energy retrofit system market across Asia-Pacific. Asian countries, including
China, India, and Indonesia, rank among the world’s largest energy consumers
and carbon emitters. As a result, this region exhibits a pressing demand for
energy efficiency measures and reforms, fostering market growth.
The
National Energy Administration (NEA), operating under the National Development and Reform Commission
(NDRC), formulates China’s energy strategy, oversees energy policy
implementation, and regulates various energy sectors such as coal, electricity,
oil and gas, and nuclear power. Additionally, it supports research in energy
efficiency and renewable energy technologies. Additionally, the Chinese
government outlined targets in its 14th Five-Year Plan, aiming for a reduction
in CO2 intensity and energy intensity from 2021 to 2025.
Given
China’s status as the world’s largest emitter of carbon, its efforts are
crucial in addressing global warming challenges. As a result, prioritizing
energy efficiency and conservation will be paramount for the economy to achieve
China’s pledge of carbon neutrality in the coming years.
Furthermore, several key companies in Japan are actively
pursuing an energy efficiency plan to meet its commitment of achieving net-zero
greenhouse gas emissions by 2050. In this regard, the energy retrofit system
will be crucial in realizing this goal, driving market demand in the region.
The envelope, or building envelope, acts as a protective
barrier between the external environment and the internal conditioned space,
ensuring occupants’ comfort. It comprises doors, windows, roofs, walls, and
insulation, serving to safeguard the interior while enabling climate control.
As it separates the unconditioned exterior from the conditioned interior, the
building envelope significantly influences energy consumption.
The market is segmented into
product, application, and type. The product is sectioned into envelope, LED lighting,
appliances, and HVAC.
The key companies involved in the
market include Daikin Industries Ltd, AECOM, Ameresco, Eaton Corporation Plc,
and Johnson Controls International Plc.
Daikin Industries
Ltd operates across several business segments, including air conditioning and
refrigeration, chemicals, oil hydraulics, defense systems, and electronics. Its
primary revenue streams stem from product lines such as room air conditioning systems,
packaged air conditioning systems, multiple air conditioning systems for office
buildings, heat pumps, hot water supply and room heating systems, etc.
Headquartered in Osaka, Japan, the company operates in over 160 countries.
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KEY DELIVERABLES OF THE REPORT:
â—ŹÂ Â Â Â Â
Market CAGR during the forecasting years 2024-2032
â—ŹÂ Â Â Â Â
Detailed data highlighting key insights, industry components, and
market strategies
â—ŹÂ Â Â Â Â
Comprehensive information and estimation of the energy retrofit system
market revenue growth in the Asia-Pacific and its influence on the parent
market
â—ŹÂ Â Â Â Â
In-depth study of forthcoming trends in consumer behavioral
patterns
â—ŹÂ Â Â Â Â
A meticulous analysis of the competitive landscape and Porter’s
Five Forces
â—ŹÂ Â Â Â Â
A wide-ranging study of factors that will challenge the APAC energy retrofit system
market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.Â
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VIEW REPORT1. ASIA-PACIFIC
ENERGY RETROFIT SYSTEM MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PORTER’S
FIVE FORCES ANALYSIS
2.1.1. THREAT
OF NEW ENTRANTS
2.1.2. THREAT
OF SUBSTITUTES
2.1.3. BARGAINING
POWER OF BUYERS
2.1.4. BARGAINING
POWER OF SUPPLIERS
2.1.5. THREAT
OF COMPETITIVE RIVALRY
2.2. MARKET
MATURITY ANALYSIS
2.3. SUPPLY
CHAIN ANALYSIS
2.3.1. ENERGY
EFFICIENCY TECHNOLOGY PROVIDERS
2.3.2. RETROFIT
SOLUTION MANUFACTURERS
2.3.3. DISTRIBUTION
CHANNELS
2.3.4. ENERGY
CONSUMERS AND END USERS
2.4. REGULATORY
FRAMEWORK
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. ENERGY
EFFICIENCY AND PERFORMANCE
2.5.2. TECHNOLOGICAL
INNOVATIONS IN RETROFIT SYSTEMS
2.5.3. SYSTEM
RELIABILITY AND LONGEVITY
2.5.4. SUPPORT
SERVICES AND USER TRAINING
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. GOVERNMENT
POLICIES AND INCENTIVES PROMOTING ENERGY EFFICIENCY IN BUILDINGS
2.7.2. RISING
ENERGY COSTS DRIVING DEMAND FOR RETROFITS TO REDUCE COSTS
2.7.3. INCREASED
AWARENESS OF ENVIRONMENTAL IMPACTS DRIVING ADOPTION OF GREEN SOLUTIONS
2.7.4. ADVANCEMENTS
IN RETROFIT TECHNOLOGIES IMPROVING EFFICIENCY AND LOWERING COSTS
2.7.5. GROWTH
IN GREEN BUILDING CERTIFICATION PROGRAMS SUPPORTING RETROFIT ACTIVITIES
2.8. MARKET
CHALLENGES
2.8.1. HIGH
UPFRONT COSTS AND LONG PAYBACK PERIODS
2.8.2. LACK
OF FUNDING AND FINANCING OPTIONS FOR RETROFIT PROJECTS
2.8.3. DISRUPTIONS
CAUSED BY RETROFIT ACTIVITIES
2.8.4. LACK
OF SKILLED PERSONNEL TO IMPLEMENT ADVANCED RETROFIT SOLUTIONS
2.9. MARKET
OPPORTUNITIES
2.9.1. LEVERAGING
IOT AND DATA ANALYTICS TO OPTIMIZE THE EFFICIENCY OF RETROFITS
2.9.2. INNOVATIVE
BUSINESS MODELS SUCH AS ESCOS TO OVERCOME COST BARRIERS
2.9.3. INCREASED
ADOPTION OF DEEP RETROFITS
2.9.4. CONVERGENCE
OF RETROFITS WITH RENEWABLE ENERGY, STORAGE, AND EVS
2.10. ANALYST
PERSPECTIVE
3. ASIA-PACIFIC
ENERGY RETROFIT SYSTEM MARKET – BY APPLICATION
3.1. RESIDENTIAL
3.2. COMMERCIALÂ
3.3. INSTITUTIONALÂ
4. ASIA-PACIFIC
ENERGY RETROFIT SYSTEM MARKET – BY PRODUCT
4.1. ENVELOPE
4.2. HVAC
4.3. LED
LIGHTING
4.4. APPLIANCES
5. ASIA-PACIFIC
ENERGY RETROFIT SYSTEM MARKET – BY TYPE
5.1. QUICK
WINS RETROFIT
5.2. DEEP
RETROFIT
6. ASIA-PACIFIC
ENERGY RETROFIT SYSTEM MARKET – BY COUNTRY OUTLOOK
6.1. ASIA-PACIFIC
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. CHINA
6.1.1.1.1. CHINA
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.2. JAPAN
6.1.1.2.1. JAPAN
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.3. INDIA
6.1.1.3.1. INDIA
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.4. SOUTH
KOREA
6.1.1.4.1. SOUTH
KOREA ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.5. ASEAN
COUNTRIES
6.1.1.5.1. ASEAN
COUNTRIES ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.6. AUSTRALIA
& NEW ZEALAND
6.1.1.6.1. AUSTRALIA
& NEW ZEALAND ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.7. REST
OF ASIA-PACIFIC
6.1.1.7.1. REST
OF ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. AMERESCO
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTH
7.1.4. KEY
CHALLENGE
7.2. EATON
CORPORATION PLC
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGE
7.3. DAIKIN
INDUSTRIES LTD
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. AECOM
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY CHALLENGE
7.5. JOHNSON
CONTROLS INTERNATIONAL PLC
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. SIEMENS
AG
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGE
7.7. ORION
ENERGY SYSTEMS INC
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. SCHNEIDER
ELECTRIC SE
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. SIGNIFY
HOLDING
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. GENERAL
ELECTRIC COMPANY
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE
1: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE
2: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK, FORECAST
YEARS, 2024-2032 (IN $ MILLION)
TABLE
3: REGULATORY FRAMEWORK
TABLE
4: LIST OF COLLABORATIONS
TABLE
5: LIST OF PRODUCT LAUNCHES
TABLE
6: LIST OF ACQUISITIONS
TABLE
7: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE
8: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, 2024-2032 (IN $
MILLION)
TABLE
9: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, 2024-2032 (IN $
MILLION)
TABLE
10: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY TYPE, 2024-2032 (IN $
MILLION)
TABLE
11: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE
12: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK, FORECAST
YEARS, 2024-2032 (IN $ MILLION)
FIGURE
1: MARKET MATURITY ANALYSIS
FIGURE
2: SUPPLY CHAIN ANALYSIS
FIGURE
3: KEY BUYING IMPACT ANALYSIS
FIGURE
4: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, 2023 & 2032
(IN %)
FIGURE
5: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY RESIDENTIAL, 2024-2032 (IN $
MILLION)
FIGURE
6: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY COMMERCIAL, 2024-2032 (IN $
MILLION)
FIGURE
7: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY INSTITUTIONAL, 2024-2032 (IN
$ MILLION)
FIGURE
8: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, 2023 & 2032 (IN
%)
FIGURE
9: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY ENVELOPE, 2024-2032 (IN $
MILLION)
FIGURE
10: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY HVAC, 2024-2032 (IN $
MILLION)
FIGURE
11: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY LED LIGHTING, 2024-2032 (IN
$ MILLION)
FIGURE
12: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY APPLIANCES, 2024-2032 (IN $
MILLION)
FIGURE
13: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE
14: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY QUICK WINS RETROFIT,
2024-2032 (IN $ MILLION)
FIGURE
15: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY DEEP RETROFIT, 2024-2032 (IN
$ MILLION)
FIGURE
16: ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET, BY COUNTRY OUTLOOK, 2023 &
2032 (IN %)
FIGURE
17: CHINA ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
18: JAPAN ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
19: INDIA ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
20: SOUTH KOREA ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
21: ASEAN COUNTRIES ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
22: AUSTRALIA & NEW ZEALAND ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $
MILLION)
FIGURE
23: REST OF ASIA-PACIFIC ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)