Energy retrofit system market to grow at a Significant Rate during the Forecast Period
Introduction of green rating for commercial buildings and rising energy costs is expected to drive global energy retrofit system market through 2026 According to TechSci Research report, “ Global Energy Retrofit System Market By Product (LED Retrofit Lighting, HVAC Retrofit), By Application (Residential Buildings, Non-Residential Buildings), By Technology (HVAC and Controls, Insulation and Glazing, Lighting and Controls, Water Heating), By Company, By Region, Forecast & Opportunities, 2026 ” , is expected to grow at a steady rate during the forecast period. Stringent government policies and offering of financial incentives is anticipated to act as a positive motivation for installation of energy retrofit systems and is ultimately expected to boost the market growth. Commercial buildings install plethora of electrical appliances and consume a lot of energy creating huge demand for cost effective energy infrastructure to lower maintenance costs. Energy retrofit syste...