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PUBLISHER: Grand View Research | PRODUCT CODE: 1869999
PUBLISHER: Grand View Research | PRODUCT CODE: 1869999
Energy Retrofit Systems Market Size, Share & Trends Analysis Report By Product (Envelope, LED Retrofit Lighting, HVAC Retrofit, Appliances), By Application, By Region, And Segment Forecasts, 2025 - 2030
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PAGES: 120 Pages
DELIVERY TIME: 2-10 business days
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Energy Retrofit Systems Market Summary
The global energy retrofit systems market size was estimated at approximately USD 160.5 million in 2024 and is projected to reach USD 240.3 million by 2030, growing at a CAGR of 7.4% from 2025 to 2030. Growing investments in renewable integration and advancements in vanadium redox and hybrid flow chemistries are supporting the market's expansion.
The increasing need for large-scale, long-duration storage solutions to stabilize renewable power generation and improve grid reliability drives the adoption of flow batteries worldwide. Unlike conventional lithium-ion systems, flow batteries offer extended lifespans, flexible scalability, and enhanced safety, making them well-suited for utility, industrial, and commercial end-uses. Strategic partnerships among energy developers, storage technology firms, and government agencies are also helping accelerate commercialization and deployment across regions.
North America's market growth is primarily driven by federal and state-level initiatives that encourage renewable energy deployment and grid modernization. Flow battery adoption is gaining momentum in utility-scale projects to support peak load management, renewable integration, and energy resilience. The United States is leading regional deployment, leveraging abundant solar and wind resources while exploring new business models around storage-as-a-service. With rising electricity demand and corporate sustainability commitments, the region is expected to see steady investment in flow battery installations over the forecast period.
Europe represents a significant growth hub for flow battery, with Germany, the United Kingdom, and the Netherlands spearheading adoption. Supportive policy frameworks, ambitious renewable energy targets, and strong EU-level funding for energy storage projects create a favorable environment for large-scale flow battery installations. Technology's long-duration storage capability is increasingly deployed to support grid balancing and reduce dependence on fossil-fuel-based peaking plants. Technological advancements and partnerships between European utilities and technology developers have fostered innovation, reinforcing the region's role as a leading contributor to the market growth.
Global Energy Retrofit Systems Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global energy retrofit systems market report on the basis of product, application, and region.
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Envelope
- LED Retrofit Lighting
- HVAC Retrofit
- Appliances
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Institutional
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
Product Code: GVR-4-68038-739-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliance
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Energy Retrofit Systems Market: Product Estimates & Trend Analysis
- 4.1. Energy Retrofit Systems Market: Product Movement Analysis, 2018 & 2030
- 4.2. Envelope
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. LED Retrofit Lighting
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. HVAC Retrofit
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Appliances
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Energy Retrofit Systems Market: Application Estimates & Trend Analysis
- 5.1. Energy Retrofit Systems Market: Application Movement Analysis, 2018 & 2030
- 5.2. Residential
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.1.1. Single-family
- 5.2.1.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.1.2. Apartments / Condominiums
- 5.2.1.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.1.1. Single-family
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Commercial
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.1.1. Food sales & service
- 5.3.1.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.1.2. Mercantile
- 5.3.1.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.1.3. Office Buildings
- 5.3.1.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.1.4. Warehouse
- 5.3.1.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.1.5. Others
- 5.3.1.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.1.1. Food sales & service
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Institutional
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.1.1. Education
- 5.4.1.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.1.2. Healthcare
- 5.4.1.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.1.3. Worship Buildings
- 5.4.1.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.1.1. Education
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Energy Retrofit Systems Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2018 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.5. UAE
- 6.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- 6.6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments By Key Market Participants
- 7.2. Company Categorization
- 7.3. List of Key Component Suppliers & Channel Partners
- 7.4. Company Market Share & Positioning Analysis, 2024
- 7.5. Heat Map Analysis
- 7.6. Vendor Landscape
- 7.6.1. List of Raw Material Suppliers
- 7.6.2. List of Distributors/Traders
- 7.6.3. List of Other Prominent Manufacturers
- 7.7. List of Prospective End Users
- 7.8. Strategy Mapping
- 7.9. Company Profiles/Listing
- 7.9.1. Johnson Controls
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Product Benchmarking
- 7.9.2. Schneider Electric
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Product Benchmarking
- 7.9.3. Siemens AG
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Product Benchmarking
- 7.9.4. Honeywell International Inc.
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Product Benchmarking
- 7.9.5. Ameresco, Inc.
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Product Benchmarking
- 7.9.6. Eaton Corporation plc
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Product Benchmarking
- 7.9.7. Daikin Industries, Ltd.
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Product Benchmarking
- 7.9.8. AECOM
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Product Benchmarking
- 7.9.9. Trane Technologies plc
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Product Benchmarking
- 7.9.10. Orion Energy Systems, Inc.
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Product Benchmarking
- 7.9.1. Johnson Controls
Product Code: GVR-4-68038-739-1
List of Tables
- Table 1 Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 2 Envelope market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 3 LED Retrofit Lighting market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 4 HVAC Retrofit market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 5 Appliances market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 6 Energy Retrofit Systems market estimates & forecasts, in Residential, 2018 - 2030 (USD Million)
- Table 7 Energy Retrofit Systems market estimates & forecasts, in Commercial, 2018 - 2030 (USD Million)
- Table 8 Energy Retrofit Systems market estimates & forecasts, in Institutional, 2018 - 2030 (USD Million)
- Table 9 North America Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 10 North America Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 11 North America Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 12 U.S. Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 13 U.S. Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 14 U.S. Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 15 Canada Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 16 Canada Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 17 Canada Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 18 Mexico Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 19 Mexico Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 20 Mexico Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 21 Europe Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 22 Europe Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 23 Europe Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 24 Germany Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 25 Germany Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 26 Germany Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 27 France Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 28 France Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 29 France Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 30 UK Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 31 UK Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 32 UK Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 33 Asia Pacific Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 34 Asia Pacific Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 35 Asia Pacific Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 36 China Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 37 China Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 38 China Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 39 Japan Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 40 Japan Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 41 Japan Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 42 South Korea Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 43 South Korea Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 44 South Korea Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 45 India Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 46 India Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 47 India Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 48 Latin America Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 49 Latin America Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 50 Latin America Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 51 Brazil Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 52 Brazil Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 53 Brazil Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 54 Middle East & Africa Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 55 Middle East & Africa Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 56 Middle East & Africa Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 57 Saudi Arabia Energy Retrofit Systems market estimates & forecasts, 2018 - 2030 (USD Million)
- Table 58 Saudi Arabia Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 59 Saudi Arabia Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
- Table 60 UAE Energy Retrofit Systems market estimates & forecast, 2018 - 2030 (USD Million)
- Table 61 UAE Energy Retrofit Systems market estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 62 UAE Energy Retrofit Systems market estimates & forecasts by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segmental outlook -Product & Application
- Fig. 8 Competitive Outlook
- Fig. 9 Energy Retrofit Systems market outlook, 2018 - 2030 (USD Million)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Energy Retrofit Systems market, by product: Key takeaways
- Fig. 15 Energy Retrofit Systems market, by product: Market share, 2018 & 2030
- Fig. 16 Energy Retrofit Systems market, by application: Key takeaways
- Fig. 17 Energy Retrofit Systems market, by application: Market share, 2018 & 2030
- Fig. 18 Energy Retrofit Systems market: Regional analysis, 2018 & 2030
- Fig. 19 Energy Retrofit Systems market, by region: Key takeaways
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