Market by Application, Product, Type, and Country Outlook | Forecast 2024-2032
Triton Market Research’s report anticipates the Europe energy retrofit system market to obtain value growth at a CAGR of 4.55% over the forecasting period 2024-2032.
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The
countries evaluated in this region are:
• United
Kingdom
• Germany
• France
• Italy
•
Spain
•
Poland
• Rest
of Europe
The European Union’s collaborative initiatives
aimed at enhancing energy efficiency throughout the continent have established
an environment for technological exchange and investment attraction. This
infrastructure is anticipated to fuel the energy retrofit system market in
Europe.
Each European country operates with its unique
policies, funding mechanisms, and regional authorities tasked with monitoring
national progress according to their commitments. This specialized approach to
efficiency ensures accountability and facilitates corrective measures when
needed. As a result, the sustained demand for energy-efficient products in the
market will persist due to the ongoing nature of this need.
The Energy Company Obligation (ECO) is a UK
government scheme aimed at reducing carbon emissions and addressing fuel
poverty. Since its inception, it has undergone several amendments. Energy
suppliers collaborate closely with the government and stakeholders to provide
consumers with opportunities to enhance energy efficiency. This scheme mandates
energy suppliers to implement energy-efficient measures in households,
establishing two distinct targets. Hence, this creates significant
opportunities for players to expand their footings in the energy retrofit
system market.
The German government has embraced the National
Action Plan on Energy Efficiency (NAPE), a thorough set of measures aimed at
enhancing the nation’s energy performance. NAPE endeavors to promote energy
efficiency across all sectors of society, encompassing municipalities,
businesses, and consumers, by offering information and guidance on
energy-efficient practices. Additionally, it includes the CO2 Building
Modernization Programme, which provides funding for energy-efficient
construction and retrofitting projects.
Residential homes and buildings primarily
utilize energy for space and water heating, cooling, cooking, lighting,
electrical appliances, and other purposes. These properties consume significant
amounts of energy and necessitate cost-saving measures, energy conservation,
and efficiency improvements. Energy retrofit systems offer a solution for
residential property owners seeking to achieve these objectives.
The market’s growth is assessed based on application, type, and product. The application section further includes residential, institutional,
and commercial.
The notable companies listed in the market
include Eaton Corporation Plc, Siemens AG, Orion Energy Systems Inc, Johnson
Controls International Plc, and AECOM.
Eaton Corporation Plc, headquartered in Dublin,
Ireland, is a leading power management company operating across 170 countries
worldwide. It specializes in designing, developing, and selling
energy-efficient products, technologies, and services. Its offerings assist
customers across various sectors, including electrical, aerospace, hydraulic,
and mechanical power. The company’s clientele spans utility, industrial, machine
tools, marine, information technology, residential, material handling,
commercial, institutional, construction, agriculture, renewable energy, oil and
gas, mining, governmental, etc.
KEY
DELIVERABLES OF THE REPORT:
●
Market CAGR during the forecasting years 2024-2032
●
Detailed data highlighting key insights, industry components, and
market strategies
●
Comprehensive information and estimation of the energy
retrofit system
market revenue growth in Europe and its influence on the parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape and Porter’s
Five Forces
●
A wide-ranging study of factors that will challenge the Europe
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.
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VIEW REPORT1. EUROPE
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. EUROPE
ENERGY RETROFIT SYSTEM MARKET – BY APPLICATION
3.1. RESIDENTIAL
3.2. COMMERCIAL
3.3. INSTITUTIONAL
4. EUROPE
ENERGY RETROFIT SYSTEM MARKET – BY PRODUCT
4.1. ENVELOPE
4.2. HVAC
4.3. LED
LIGHTING
4.4. APPLIANCES
5. EUROPE
ENERGY RETROFIT SYSTEM MARKET – BY TYPE
5.1. QUICK
WINS RETROFIT
5.2. DEEP
RETROFIT
6. EUROPE
ENERGY RETROFIT SYSTEM MARKET – BY COUNTRY OUTLOOK
6.1. EUROPE
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
KINGDOM
6.1.1.1.1. UNITED
KINGDOM ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.2. GERMANY
6.1.1.2.1. GERMANY
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.3. FRANCE
6.1.1.3.1. FRANCE
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.4. SPAIN
6.1.1.4.1. SPAIN
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.5. ITALY
6.1.1.5.1. ITALY
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.6. POLAND
6.1.1.6.1. POLAND
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.7. REST
OF EUROPE
6.1.1.7.1. REST
OF EUROPE 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: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK, HISTORICAL YEARS,
2020-2023 (IN $ MILLION)
TABLE
2: EUROPE 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: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, 2024-2032 (IN $
MILLION)
TABLE
9: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, 2024-2032 (IN $ MILLION)
TABLE
10: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY TYPE, 2024-2032 (IN $ MILLION)
TABLE
11: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE
12: EUROPE 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: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE
5: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY RESIDENTIAL, 2024-2032 (IN $
MILLION)
FIGURE
6: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY COMMERCIAL, 2024-2032 (IN $
MILLION)
FIGURE
7: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY INSTITUTIONAL, 2024-2032 (IN $
MILLION)
FIGURE
8: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, 2023 & 2032 (IN %)
FIGURE
9: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY ENVELOPE, 2024-2032 (IN $ MILLION)
FIGURE
10: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY HVAC, 2024-2032 (IN $ MILLION)
FIGURE
11: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY LED LIGHTING, 2024-2032 (IN $
MILLION)
FIGURE
12: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY APPLIANCES, 2024-2032 (IN $
MILLION)
FIGURE
13: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY TYPE, 2023 & 2032 (IN %)
FIGURE
14: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY QUICK WINS RETROFIT, 2024-2032 (IN
$ MILLION)
FIGURE
15: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY DEEP RETROFIT, 2024-2032 (IN $
MILLION)
FIGURE
16: EUROPE ENERGY RETROFIT SYSTEM MARKET, BY COUNTRY OUTLOOK, 2023 & 2032
(IN %)
FIGURE
17: UNITED KINGDOM ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
18: GERMANY ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
19: FRANCE ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
20: SPAIN ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
21: ITALY ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
22: POLAND ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
23: REST OF EUROPE ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)