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Building Retrofitting Market Revenue Growth On Track For A 7.9% CAGR Through 2030
The building retrofitting market size has demonstrated significant growth in recent years. It is anticipated to expand from $102.88 billion in 2025 to $110.77 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 7.7%. The historical growth in this sector is largely due to factors such as aging building infrastructure, escalating maintenance costs associated with older structures, increasing urbanization and building density, a heightened understanding of structural safety hazards, and the initial implementation of energy conservation measures.
The building retrofitting market size is anticipated to experience substantial growth over the next few years. It is forecast to grow to $150.21 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 7.9%. This expansion during the projection period can be attributed to stricter energy efficiency regulations, a rising demand for sustainable construction practices, increasing requirements for climate resilience, the growing integration of smart building technology in retrofits, and the expansion of government-led renovation programs. Prominent trends expected in the forecast period include the increasing adoption of energy-efficient building envelope upgrades, a growing utilization of fiber-reinforced polymer (frp) strengthening systems, rising demand for seismic retrofitting in aging infrastructure, the expansion of green building certification-driven retrofits, and the increasing deployment of modular and minimally invasive retrofitting methods.
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Building Retrofitting Market Growth Factors: What’s Supporting Expansion?
The building retrofitting market is anticipated to expand due to the growing acceptance of green building certifications. These certifications involve external validation, confirming that structures adhere to benchmarks for energy efficiency, water conservation, internal environmental quality, and environmentally friendly site planning. This rise in adoption is attributed to more stringent environmental regulations, which incentivize developers to achieve sustainability targets and mitigate the ecological footprint of construction. An example illustrating this trend is provided by the U.S. Environmental Protection Agency, a US-based federal government agency focused on environmental protection. Their data from May 2024 indicates that commercial buildings achieving ENERGY STAR certification climbed from over 7,000 in 2022 to more than 8,800 in 2023, marking an increase of approximately 1,800 buildings. Consequently, the expanding use of green building certifications is a key factor propelling the expansion of the building retrofitting market.
Building Retrofitting Market Segment Breakdown: Which Categories Lead On Revenue?
The building retrofitting market covered in this report is segmented –
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
Building Retrofitting Market Industry Trends: What’s Reshaping Demand?
Leading firms within the building retrofitting market are concentrating their efforts on creating sophisticated solutions, including open and user-friendly Internet of Things (IoT) technologies, with the aim of maximizing building efficacy and improving operational output. Within the realm of building retrofitting, easy-to-use IoT encompasses readily deployable connected sensors and intelligent devices responsible for real-time monitoring and management of building systems, thereby boosting both energy effectiveness and overall operational execution. An illustrative case occurred in March 2023 when Siemens AG, a technology firm based in Germany, unveiled the Connect Box, an open and user-friendly IoT offering specifically crafted for managing buildings. This solution incorporates wireless sensing technology, cloud-based oversight, and analytics powered by artificial intelligence to fine-tune energy consumption in structures of small to medium scale. Key functionalities of the Connect Box include remote supervision, immediate data on energy usage, and robust cybersecurity provisions, all of which facilitate sophisticated retrofit approaches.
Building Retrofitting Market Competitive Landscape: Who Leads The Industry?
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.
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Building Retrofitting Market Geographic Landscape: Which Region Leads Industry Growth?
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.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.