Energy Retrofit Systems Market Share

European Market Forecast

Europe energy retrofit systems market is expected to hold the largest share of 37% by the end of 2036. The expansion can be attributed to the region's rising environmental concerns. For instance, the European Commission introduced the Renovation Wave initiative, which aims to decrease energy poverty, improve quality of life, and cut emissions by expediting house renovations across the EU. Moreover, the remodelling wave plan would enhance the health and wellbeing of residents because energy-efficient buildings make people more susceptible to cold snaps and heat waves. In the next 10 years, the strategy wants to double the rate of energy renovation, which will result in greatly increased energy and resource efficiency. By 2030, 35 million structures, according to the commission, might be renovated. 

APAC Market Statistics

The energy retrofit systems market in Asia Pacific is anticipated to hold a share of 26% during the forecast period. End users in the residential and commercial sectors across Asia Pacific are encouraged to embrace energy modernization systems quickly by the region's lower cost of infrastructure and lower cost of renewable energy. The Chinese government adopted many plans and policies, including a three-star rating system, to encourage the construction of new ecologically friendly green buildings and the repair of existing ones around the country. In ten years, the national government has logically expanded the scope of laws and regulations. These energy building codes lay out the specifications that must be followed when brand-new homes and other buildings are constructed in China's cities.