Existing buildings energy-saving renovation is an important means to cope with global warming and an essential component of achieving China’s energy conservation and pollution emissions reduction strategy goals. The development of the energy-saving renovation market is closely related to its influencing factors, which determine the reasons and conditions for the development of the system; therefore, it is necessary to study the influencing factors of energy-saving transformations. System dynamics was applied to explore the feedback relationship between the service subsystem, the demand market subsystem, and the market regulation subsystem. Analysis was performed for the intrinsic influencing factors of the development of the existing building energy-saving renovation market and the interaction law of feedback relationship. This paper discusses the basic characteristics of government incentives, Energy Service Company (ESCO) technology innovation, ESCO’s revenue, and owner’s awareness to promote the development of the existing building energy-saving renovation market. Base on those, it puts forward suggestions for promoting the market development of existing buildings energy-saving reconstruction. The findings provided a theoretical basis and guiding role for the Chinese government to formulate support policies for existing building energy-saving renovation. At the same time, it also provides reference for other countries to develop existing buildings energy-saving renovation market.