The rising demand for energy and
limited/inefficient storage systems are proving inadequate to satisfy the
demand for industrial energy requirements. Researchers are aggressively and
continuously working in order to develop and manufacture effective and
efficient systems that will store and distribute the required amount of energy
globally. Energy retrofits are the adjustment or addition to the existing
energy consuming equipment that are utilized in commercial outlets and in
buildings.
To
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The desire to reduce energy costs
required to operate the industry is the primary driving force of this market.
The main reason for the implementation of such retrofit products is the
corporate social responsibility that almost all organizations are fulfilling.
This includes reduction in carbon foot prints and curbing emissions of green
house gases across the globe. Certain consumers install such retrofits in order
to comply with the environmental standards and acquire the ISO, REACH, and
Greenpeace certifications, thereby attempting to raise their standards.
The market is segmented based on the
building size, its age, regions, energy utilization, and different technologies
utilized for various energy consuming systems in producing energy retrofits.
The market is restrained by the lack of awareness in emerging countries and
moderate government support as well as lack of initiatives that are required to
trigger the market growth effectively. The high cost involved in installing
energy retrofits also equally contributes in downsizing the market. The
worldwide scarcity of energy and the rising demand for energy across the globe
is expected to open new horizons for the market with effective government and
EPA support. Impending regulations on the implementation of such energy
retrofits are estimated to boost the market in the coming five years.
Some of the major players in this
industry are Daikin Industries, Ltd., Schneider Electric, Johnson Controls,
AECOM Energy, Ameresco, Inc., The Benham Companies, LLC/SAIC, Burns &
McDonnell, Chevron Energy Solutions, Clark Energy Group, LLC, Cofely/GDF Suez,
and ConEdison Solutions.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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