Market by Application, Product, Type, and Country Outlook | Forecast 2024-2032
According to Triton Market Research’s report, the Middle East and Africa energy retrofit system market is set to advance with a compound annual growth rate of 3.29% over the forecast years 2024-2032.
The
countries in this region include:
• United Arab Emirates
• Israel
• Saudi
Arabia
• South
Africa
• Rest
of the Middle East & Africa
The
energy retrofit system market in the Middle East and Africa region is
experiencing significant growth, driven by the escalating need for energy
efficiency and sustainability in response to rising energy costs and
environmental concerns. Governments across the region are implementing
stringent regulations and offering incentives to encourage energy conservation
in buildings, propelling the adoption of retrofitting solutions.
The
growth is also fueled by the region’s expanding infrastructure and the renovation
of existing buildings to meet green standards. With the MEA’s focus on
diversifying energy sources and reducing dependence on fossil fuels, the market
for energy retrofits is anticipated for further expansion, presenting
substantial opportunities for investors and companies specializing in
energy-efficient technologies.
The
energy retrofit system market in the United Arab Emirates (UAE) is experiencing
substantial growth, driven by the region’s ambitious sustainability goals and
the UAE’s vision to become a leader in energy efficiency. The UAE’s strategic
initiatives, such as the Dubai Clean Energy Strategy 2050 and Abu Dhabi Vision
2030, emphasize the importance of energy conservation and sustainable
development. These initiatives have catalyzed investments in retrofitting
existing infrastructure, promoting the adoption of green building standards,
and implementing advanced energy-efficient technologies.
HVAC,
an acronym for heating, ventilation, and air conditioning, offers essential
climate control solutions for both residential and commercial spaces. This
comprehensive system encompasses various components such as furnaces, air
conditioners, heat pumps, ductwork, thermostats, and comfort controls. From
small homes to vast commercial complexes, HVAC systems are ubiquitous, serving
to regulate indoor temperature and air quality. Notably, due to their
significant energy consumption, concerns regarding energy efficiency are
paramount in HVAC systems.
The market’s growth is assessed based on type, product, and
application. Based
on product, it is segmented into HVAC, envelope, LED lighting, and appliances.
The
renowned firms in the market comprise Siemens AG, Schneider Electric SE, Orion
Energy Systems Inc, Signify Holding, and General Electric Company.
Siemens
AG is a leading global technology company focusing on automation,
electrification, and digitization. Its diverse portfolio includes offerings in
medical imaging, laboratory diagnostics, power generation, oil and gas,
transportation, industrial technologies, infrastructure, mobility, logistics,
and audiology solutions. Operating across the Middle East and Africa, Europe,
North America, and Asia-Pacific, Siemens is headquartered in Munich, Germany.
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 the Middle East and Africa 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 Middle
East and Africa 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET – BY APPLICATION
3.1. RESIDENTIAL
3.2. COMMERCIAL
3.3. INSTITUTIONAL
4. MIDDLE
EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET – BY PRODUCT
4.1. ENVELOPE
4.2. HVAC
4.3. LED
LIGHTING
4.4. APPLIANCES
5. MIDDLE
EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET – BY TYPE
5.1. QUICK
WINS RETROFIT
5.2. DEEP
RETROFIT
6. MIDDLE
EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET – BY COUNTRY OUTLOOK
6.1. MIDDLE
EAST AND AFRICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
ARAB EMIRATES
6.1.1.1.1. UNITED
ARAB EMIRATES ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.2. SAUDI
ARABIA
6.1.1.2.1. SAUDI
ARABIA ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.3. ISRAEL
6.1.1.3.1. ISRAEL
ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.4. SOUTH
AFRICA
6.1.1.4.1. SOUTH
AFRICA ENERGY RETROFIT SYSTEM MARKET FORECAST & PROSPECTS
6.1.1.5. REST
OF MIDDLE EAST & AFRICA
6.1.1.5.1. REST
OF MIDDLE EAST & AFRICA 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: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK,
HISTORICAL YEARS, 2020-2023 (IN $ MILLION)
TABLE
2: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION,
2024-2032 (IN $ MILLION)
TABLE
9: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, 2024-2032
(IN $ MILLION)
TABLE
10: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY TYPE, 2024-2032
(IN $ MILLION)
TABLE
11: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY REGIONAL OUTLOOK,
HISTORICAL YEARS, 2020-2023 (IN $ MILLION)
TABLE
12: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY APPLICATION, 2023
& 2032 (IN %)
FIGURE
5: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY RESIDENTIAL,
2024-2032 (IN $ MILLION)
FIGURE
6: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY COMMERCIAL,
2024-2032 (IN $ MILLION)
FIGURE
7: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY INSTITUTIONAL,
2024-2032 (IN $ MILLION)
FIGURE
8: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY PRODUCT, 2023 &
2032 (IN %)
FIGURE
9: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY ENVELOPE, 2024-2032
(IN $ MILLION)
FIGURE
10: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY HVAC, 2024-2032
(IN $ MILLION)
FIGURE
11: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY LED LIGHTING,
2024-2032 (IN $ MILLION)
FIGURE
12: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY APPLIANCES,
2024-2032 (IN $ MILLION)
FIGURE
13: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY TYPE, 2023 &
2032 (IN %)
FIGURE
14: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY QUICK WINS
RETROFIT, 2024-2032 (IN $ MILLION)
FIGURE
15: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY DEEP RETROFIT,
2024-2032 (IN $ MILLION)
FIGURE
16: MIDDLE EAST AND AFRICA ENERGY RETROFIT SYSTEM MARKET, BY COUNTRY OUTLOOK,
2023 & 2032 (IN %)
FIGURE
17: UNITED ARAB EMIRATES ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
18: SAUDI ARABIA ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
19: ISRAEL ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
20: SOUTH AFRICA ENERGY RETROFIT SYSTEM MARKET 2024-2032 (IN $ MILLION)
FIGURE
21: REST OF MIDDLE EAST & AFRICA ENERGY RETROFIT SYSTEM MARKET 2024-2032
(IN $ MILLION)