Market by Application, Product, Type, and Country Outlook | Forecast 2024-2032
As per Triton’s research, the energy retrofit system market in Latin America is predicted to garner a CAGR of 3.82% during the forecast period 2024-2032.
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The
countries studied in the region include:
•        Brazil
•        Mexico
•        Rest of Latin America
The
energy retrofit system market in Latin America has been experiencing
significant growth, driven by a strong push towards energy efficiency and
sustainable development. Governments have been implementing regulations and
incentives to promote energy conservation in buildings, leading to increased
investments in retrofitting projects.
Additionally,
the region’s growing awareness of the environmental impact of energy
consumption, coupled with the rising costs of energy, has elevated demand for
energy-efficient solutions. This trend is further supported by the development
of local industries specializing in green technologies, making energy retrofits
more accessible and affordable. As a result, Latin America is emerging as a
dynamic and rapidly evolving market for energy retrofit systems, reflecting a
broader commitment to reducing energy use and enhancing sustainability in the construction
sector.
The
energy retrofit system market in Brazil has shown promising growth in recent
years. Driven by increasing energy costs, a strong emphasis on sustainable
development, and supportive governmental policies, the nation is witnessing a
significant rise in energy retrofit investments. Besides, the country’s vast
urban landscape offers ample opportunities for retrofitting aging
infrastructure, aiming to reduce energy consumption and carbon emissions.
Non-residential
properties encompass office buildings, factories, malls, shops, and similar
establishments where electrical appliances are extensively used, resulting in
high energy consumption. Therefore, energy retrofit systems are crucial for
cost-saving and enhancing energy efficiency in these settings. The majority of
such properties are owned, rented, managed, and operated by private
organizations worldwide. Energy conservation and efficiency are integral
components of their Environmental, Social, and Corporate Governance (ESG)
policies. Many companies have committed to mitigating climate change, aligning
with these objectives.
The market is broadly
segmented into application, type, and product. The application segment comprises
commercial, residential, and institutional.
The major
companies in the market are AECOM, Siemens AG, Schneider Electric SE, Johnson
Controls International Plc, and Orion Energy Systems Inc.
AECOM offers professional infrastructure consulting services to governments, businesses, and organizations globally. Its comprehensive offerings include planning, consulting, architectural and engineering design, construction and program management, as well as investment and development services. Serving commercial and government clients worldwide, AECOM specializes in key sectors like transportation, facilities, environmental, energy, water, and government projects. Headquartered in Texas, United States, the company operates across multiple regions.
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 Latin America 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 Latin
America 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. LATIN
AMERICA 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. LATIN
AMERICA ENERGY RETROFIT SYSTEM MARKET – BY APPLICATION
3.1. RESIDENTIAL
3.2. COMMERCIALÂ
3.3. INSTITUTIONALÂ
4. LATIN
AMERICA ENERGY RETROFIT SYSTEM MARKET – BY PRODUCT
4.1. ENVELOPE
4.2. HVAC
4.3. LED
LIGHTING
4.4. APPLIANCES
5. LATIN
AMERICA ENERGY RETROFIT SYSTEM MARKET – BY TYPE
5.1. QUICK
WINS RETROFIT
5.2. DEEP
RETROFIT
6. LATIN
AMERICA ENERGY RETROFIT SYSTEM MARKET – BY COUNTRY OUTLOOK
6.1. LATIN
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. BRAZIL
6.1.1.1.1. BRAZIL
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.2. MEXICO
6.1.1.2.1. MEXICO
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.3. REST
OF LATIN AMERICA
6.1.1.3.1. REST
OF LATIN AMERICA 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: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK, HISTORICAL
YEARS, 2020-2023 (IN $ MILLION)
TABLE
2: LATIN AMERICA 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: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, 2024-2032 (IN $
MILLION)
TABLE
9: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, 2024-2032 (IN $
MILLION)
TABLE
10: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY TYPE, 2024-2032 (IN $
MILLION)
TABLE
11: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK,
HISTORICAL YEARS, 2020-2023 (IN $ MILLION)
TABLE
12: LATIN AMERICA 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: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, 2023 & 2032
(IN %)
FIGURE
5: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY RESIDENTIAL, 2024-2032 (IN $
MILLION)
FIGURE
6: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY COMMERCIAL, 2024-2032 (IN $
MILLION)
FIGURE
7: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY INSTITUTIONAL, 2024-2032 (IN
$ MILLION)
FIGURE
8: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, 2023 & 2032 (IN
%)
FIGURE
9: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY ENVELOPE, 2024-2032 (IN $
MILLION)
FIGURE
10: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY HVAC, 2024-2032 (IN $
MILLION)
FIGURE
11: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY LED LIGHTING, 2024-2032 (IN
$ MILLION)
FIGURE
12: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY APPLIANCES, 2024-2032 (IN $
MILLION)
FIGURE
13: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY TYPE, 2023 & 2032 (IN
%)
FIGURE
14: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY QUICK WINS RETROFIT,
2024-2032 (IN $ MILLION)
FIGURE
15: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY DEEP RETROFIT, 2024-2032
(IN $ MILLION)
FIGURE
16: LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET, BY COUNTRY OUTLOOK, 2023 &
2032 (IN %)
FIGURE
17: BRAZIL ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
18: MEXICO ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
19: REST OF LATIN AMERICA ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $
MILLION)