Building Retrofitting Global Market Report 2026

Building retrofitting is the process of upgrading and modifying existing structures to improve energy efficiency, structural integrity, safety, and overall building performance. These enhancements help prolong the lifespan of buildings, reduce operational costs, and ensure compliance with modern standards while enhancing occupant comfort and promoting environmental sustainability across residential, commercial, and industrial properties.

The primary types of building retrofitting include retrofitting of reinforced concrete structures and retrofitting of masonry structures. Retrofitting of reinforced concrete structures refers to specialized interventions aimed at enhancing the structural integrity, safety, and performance of existing buildings. These methods include the addition of new shear walls, wall thickening, jacketing techniques, epoxy injection, and others, and are applied across various building types, including residential and non-residential structures. Their applications span energy optimization, structural strengthening, safety and compliance, and sustainability enhancement, and they are utilized by end users such as government bodies, private sector organizations, real estate developers, and facility management companies.

Tariffs on imported construction materials such as steel, cement additives, FRP composites, and advanced insulation systems are impacting the building retrofitting market by increasing project costs and procurement delays. Structural strengthening methods like jacketing, FRP wrapping, and steel plate bonding are particularly affected due to their reliance on imported specialty materials. Regions such as Asia-Pacific and Europe, which depend on global supply chains for construction inputs, are most impacted. However, tariffs are also encouraging local material manufacturing, promoting substitution with regional raw materials, and accelerating innovation in cost-efficient retrofitting technologies.

The building retrofitting market research report is one of a series of new reports from The Business Research Company that provides building retrofitting market statistics, including building retrofitting industry global market size, regional shares, competitors with a building retrofitting market share, detailed building retrofitting market segments, market trends and opportunities, and any further data you may need to thrive in the building retrofitting industry. This building retrofitting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The building retrofitting market size has grown strongly in recent years. It will grow from $102.88 billion in 2025 to $110.77 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to aging building infrastructure, rising maintenance costs of old structures, increasing urbanization and building density, growing awareness of structural safety risks, early adoption of energy conservation measures.

The building retrofitting market size is expected to see strong growth in the next few years. It will grow to $150.21 billion by 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to stricter energy efficiency regulations, rising demand for sustainable construction practices, increasing climate resilience requirements, growing smart building integration in retrofits, expansion of government-led renovation programs. Major trends in the forecast period include increasing adoption of energy-efficient building envelope upgrades, growing use of fiber-reinforced polymer (frp) strengthening systems, rising demand for seismic retrofitting in aging infrastructure, expansion of green building certification-driven retrofits, increasing deployment of modular and minimally invasive retrofitting methods.

The growing adoption of green building certifications is expected to propel the growth of the building retrofitting market going forward. Green building certifications are third-party verifications confirming that buildings meet standards related to energy efficiency, water conservation, indoor environmental quality, and sustainable site development. The rising adoption of green building certifications is driven by stricter environmental regulations, contributing to the encouragement of developers to comply with sustainability standards and minimize the environmental impact of buildings. For instance, in May 2024, according to the U.S. Environmental Protection Agency, a US-based federal government agency responsible for environmental protection, the number of commercial buildings that earned ENERGY STAR certification rose from more than 7,000 in 2022 to more than 8,800 in 2023, reflecting an increase of approximately 1,800 buildings. Therefore, the growing adoption of green building certifications is supporting the growth of the building retrofitting market.

Leading companies operating in the building retrofitting market are focusing on developing advanced solutions, such as open and easy-to-use IoT, to optimize building performance and enhance operational efficiency. Easy-to-use IoT in building retrofitting refers to simple-to-deploy connected sensors and smart devices that monitor and manage building systems in real time to improve energy efficiency and operational performance. For example, in March 2023, Siemens AG, a Germany-based technology company, introduced the Connect Box, an open and easy-to-use IoT solution designed for building management. It integrates wireless sensors, cloud-based monitoring, and artificial intelligence-driven analytics to optimize energy performance in small and medium-sized buildings. The solution offers remote monitoring, real-time energy insights, and cybersecurity features, supporting advanced retrofit strategies.

In November 2023, Trane Technologies, an Ireland-based provider of heating, ventilation, and air conditioning systems, climate control technologies, and sustainable building solutions, acquired Nuvolo for an undisclosed amount. With this acquisition, Trane Technologies aims to strengthen its digital and connected building capabilities by integrating advanced cloud-based asset management and workplace solutions into its retrofit and building modernization offerings. Nuvolo is a US-based provider of a platform that supports facility management and renovation planning.

Major companies operating in the building retrofitting market are Siemens AG, BASF SE, Compagnie de Saint-Gobain S.A., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Daikin Industries Ltd., 3M Company, Johnson Controls International plc, Carrier Global Corporation, Trane Technologies plc, Skanska AB, Emerson Electric Co., AECOM, Owens Corning, Kingspan Group plc, Signify N.V., Lennox International Inc., ROCKWOOL A/S, OSRAM GmbH.

North America was the largest region in the building retrofitting market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the building retrofitting market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the building retrofitting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The building retrofitting market consists of revenues earned by entities by providing services such as seismic strengthening, facade modernization, HVAC system upgrades, and electrical and lighting system modernization. The market value includes the value of related goods sold by the service provider or included within the service offering. The building retrofitting market also includes sales of insulation panels, high-performance windows and glazing systems, smart HVAC control units, and energy-efficient LED lighting fixtures. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Building Retrofitting Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses building retrofitting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for building retrofitting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The building retrofitting market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Retrofitting Of Reinforced Concrete Structure; Retrofitting Of Masonry Structure
• 2) By Method: New Shear Wall; Wall Thickening; Jacketing Method; Epoxy Injection; Other Methods
• 3) By Building Type: Residential; Non-Residential
• 4) By Application: Energy Optimization; Structural Strengthening; Safety And Compliance; Sustainability Enhancement
• 5) By End User: Government; Private Sector; Real Estate Developers; Facility Management Companies
• Subsegments:
• 1) By Retrofitting of Reinforced Concrete Structure: Column Jacketing; Beam Jacketing; Slab Strengthening; Foundation Strengthening; Fiber Reinforced Polymer Wrapping; Steel Plate Bonding; Addition Of Shear Walls; Base Isolation Installation
• 2) By Retrofitting of Masonry Structure: Grout Injection Strengthening; Steel Bracing Installation; Wall Anchoring Systems; Fiber Reinforced Polymer Overlay; Shotcrete Strengthening; Addition Of Reinforced Concrete Bands; Diaphragm Strengthening; Tie Rod Installation
• Companies Mentioned: Siemens AG; BASF SE; Compagnie de Saint-Gobain S.A.; Schneider Electric SE; Honeywell International Inc.; ABB Ltd.; Daikin Industries Ltd.; 3M Company; Johnson Controls International plc; Carrier Global Corporation; Trane Technologies plc; Skanska AB; Emerson Electric Co.; AECOM; Owens Corning; Kingspan Group plc; Signify N.V.; Lennox International Inc.; ROCKWOOL A/S; OSRAM GmbH.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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