Energy Retrofit Systems Market Size Is Anticipated To Reach USD 237.16 Billion By 2030
San Francisco, 13 June 2023: The Report 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, 2023 - 2030 The global energy retrofit systems market size is expected to reach USD 237.16 billion by 2030, registering a CAGR of 6.3% according to a new report by Grand View Research, Inc. Increasing demand for renewable energy is expected to drive the market over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions and strict regulations to decrease carbon footprint are also projected to be the key factors driving the global market. The economic crisis following the COVID-19 pandemic has led to a significant decline in investments for new energy-efficient buildings and equipment. In commercial and residential buildings, the energy-efficient systems, such as LED retrofit lighting, HVAC retrofit, insulation & glazing re