Building Retrofitting Market Report 2026

Building Retrofitting Market Overview

• Building Retrofitting market size has reached to $102.88 billion in 2025 • Expected to grow to $150.21 billion in 2030 at a compound annual growth rate (CAGR) of 7.9% • Growth Driver: Surge In Increasing Adoption Of Green Building Certifications Fueling The Growth Of The Market Due To Rising Demand For Sustainable Properties • Market Trend: Launch Of Open And User-Friendly IoT Solutions To Enhance Building Energy Performance And Operational Efficiency • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Building Retrofitting Market?

Building retrofitting is the method of upgrading and modifying existing structures to enhance energy efficiency, structural strength, safety, and overall building performance. These improvements help extend the lifespan of buildings, lower operational costs, and ensure compliance with modern regulations while improving occupant comfort and environmental sustainability across residential, commercial, and industrial facilities. The main 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.

What Is The Building Retrofitting Market Growth Forecast?

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.

Global Building Retrofitting Market Segmentation

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

What Is The Driver Of The Building Retrofitting Market?

The increasing 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 that buildings meet standards for energy efficiency, water conservation, indoor environmental quality, and sustainable site development. The increasing adoption of green building certifications is rising due to stricter environmental regulations that encourage developers to meet sustainability standards and reduce the environmental impact of building. 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, increasing adoption of green building certifications is driving the growth of the building retrofitting industry.

Key Players In The Global Building Retrofitting Market

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.

Global Building Retrofitting Market Trends and Insights

Major 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 instance, 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.

What Are Latest Mergers And Acquisitions In The Building Retrofitting Market?

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 enhance 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 supporting facility management and renovation planning.

Regional Insights

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Building Retrofitting Market?

The building retrofitting market consists of revenues earned by entities by providing services such as seismic strengthening, façade 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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Building Retrofitting Market Report 2026?

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