Weatherization Services Market

Weatherization Services Market: Growing Awareness of Climate Change and Increasing Need to Reduce Energy Waste Fuelling Revenue Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • 2018-10-16
  • REP-GB-7533
  • 242 pages
  • PDF PPT EXCEL
 Weatherization Services Market

An Incisive, In-depth Analysis on the Weatherization Services Market

This study offers a comprehensive, 360 degree analysis on the Weatherization Services market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Weatherization Services market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The report covers comprehensive information about market trends, value (US$ Mn) projections, market dynamics, competition and recent developments in the Global Weatherization Services Market for the study period 2018 to 2028.

Weatherization services are cost-effective and energy-effective measures and include energy audit and building assessment, building envelopes, installation of heating and cooling systems and improving indoor air quality. The global weatherization services market is expected to reach over US$ 43 Bn by the end of forecast period while registering a CAGR of 3.8 % for the period between 2018 and 2028. The Weatherization Services Market includes insulation services for both new constructions as well as retrofitting (repair/maintenance) applications. The scope of weatherization services market includes insulation installation services for materials, such as fiberglass, cellulose, injection foam and spray foam insulation and installation techniques, such as blow-in, sprayed, injected, loose-fill and blanket installations.  

Technological advancements, stringent regulations, development of green building technologies and regulations mandating the use of insulation materials to reduce building energy consumption are some of the factors expected to lay robust foundation for the growth of the global weatherization services market. The Weatherization services market across the globe is expected to grow and become 1.5X during the forecast period.

Residential Buildings to Be the Primary Growth Driver for the Global Weatherization Services Market

Recovery in the construction industry across the globe is being accelerated by the steady growth in population, which is resulting in growing demand for construction aggregates and materials, for both residential and non-residential buildings. This, in turn, will propel the growth of the weatherization services market across the globe. The U.S. Department of Energy (DOE) recognizes the enormous potential for improving energy efficiency, safety and comfort of the existing American homes. According to DOE, heating & cooling (Space conditioning) accounts for about 50%-60% of the total energy consumption in an average American home. Hence, rising adoption of insulation in residential or home buildings is one of the major factors fueling the demand for insulation installations, consequently also contributing to the weatherization services market’s growth.

Growing Awareness and Importance of Energy Savings to Assist the Growth of the Global Weatherization Services Market

Energy resources are limited, every unit saved is equivalent to every unit produced and this is where the role of efficient weatherization services comes into play. An array of initiatives are being taken up by various states and federal governments across the globe to reduce CO2 emissions. More importantly, growing public awareness about climate change has proliferated the need for renewable energy systems and reducing energy waste. This factor is positively impacting the Global weatherization services market. Further, to curb carbon dioxide emissions, the use of lightweight insulation materials with promising mechanical properties, such as stiffness, rigidity, elevated temperature durability and chemical resistance, is expected to increase. Thus, in order to gain competitive edge, key players are likely to invest significantly to develop high-performance insulation products in the weatherization services market.

Weatherization Services for Retrofitting Segment to Gain Traction by the End of the Forecast Period

Buildings consume about 40% of the total energy demand, of which about 50% – 60% is consumed by heating and cooling systems. Proper weatherization services can reduce the energy consumption by almost 30%. Residential construction across most of the developed regions, such as the U.S., the U.K., Germany, France, Spain, and other European Union countries, has aged. Most of the construction in these regions dates back to 1980s. These infrastructures have inappropriate insulation and thus, will provide significant potential for the market participants in the weatherization services market. Moreover, it is estimated that renovation of buildings can reduce building energy consumption by 35% of the total. Further, the European Union targets to annually renovate 2% of its residential buildings and 3% of its central government buildings and thus, the aim of ‘near-zero-energy buildings’ is set to pave way for the weatherization services market’s growth in the years to come.

North America to Remain High Value High Growth Region in the Global Weatherization Services Market

In response to the growing demand for combating environmental challenges, environmental policymakers are enforcing stringent regulations and building codes. Increasing stringent building codes & energy regulations are expected to have a positive impact on the long-term growth of the North America weatherization services market. Moreover, the global economy is witnessing steady growth. However, rising energy insecurity will present challenges, which in turn, is expected to significantly contribute towards the growth of the weatherization services market.

North America region is expected to register 1.3X growth in the weatherization services market and will be followed by Western Europe and China weatherization services markets, in terms of value. Regions including South East Asia& Pacific (SEAP) and Middle East & Africa are expected to gain traction in the weatherization services market during the latter half of the forecast period owing to increasing adoption of building codes and stringent regulations coupled with growing awareness and need for energy saving. All the other regions are expected to exhibit moderate growth during the same period.

Western Europe dominated the global weatherization services market during 2017. However, over the course of the forecast period, the Western Europe weatherization services market is estimated to lose its dominance to North America weatherization services market.  Collectively, Western Europe and North America are projected to account for about 56% share in the global weatherization services market.

Key Developments in the Global Weatherization Services Market

Strategic positioning in local as well as national markets and introducing business lines is the key to success for weatherization services providers. By establishing strong position in regional markets, prominent market participants can decrease the price pressure created by regional players, which in turn, would help them to increase their profitability and also growth opportunities. The weatherization services market participants are emphasizing on increasing market share and enhancing their regional presence by adopting the strategy of mergers and acquisitions. For instance:

  • In May 2018, TopBuild Corp completed the acquisition of United Subcontractors Inc. with an investment of US$ 475 Mn, enhancing its product offerings and service capabilities across the weatherization services market

  • In October 2017, Insulated building products, Inc. acquired A+ Insulation, LLC, a insulation installation service provider of spray foam and fiberglass insulations

Furthermore, key players in the global weatherization services market can create significant opportunities through investments in product innovation and technological advancements. Service providers are also focused on improving operations to decrease operational costs and thus, increase profit margins.

Some of the prominent players covered in this market study on the Global weatherization services market include TopBuild Corp, Insulated building products, Inc., Builders FirstSource, Inc., Takashima & Co., Ltd., Dyson Energy Services Ltd., HomeWorks Energy, Inc., USA Insulation, Banker Insulation and Anderson Insulation.

Key Questions Answered in the Report

  • How has the weatherization services market evolved in the past four years?

  • What shape is the weatherization services market expected to take in terms of value during the study period?

  • What are some of the prevailing market dynamics in the weatherization services market?

  • What are some of the competition developments and trends affecting the weatherization services market?

  • What are some of the underlying macro-economic and industry factors impacting the growth of the weatherization services market?

  • What are the important key challenges, opportunities and improvement factors for weatherization services market players?

  • What are the important market positioning and key strategies of key service providers as per the weatherization services market taxonomy?

  • How the competition is structured at present and how has it evolved in the weatherization services market over the past few years?

Weatherization Services Market: Report Description

This FMI study offers a ten-year analysis and forecast of the global weatherization services market between 2018 and 2028. The study considers 2017 as the base year with market values estimated for the year 2018 and a forecast developed for the duration of 2019 to 2028. Compound Average Growth Rate (CAGR) is represented from 2018 to 2028. The study covers various perspectives of the weatherization services market, including market dynamics, value chain, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment level projections in a comprehensive manner. As per the findings of the study and perspectives of weatherization services industry participants, the global weatherization services market is projected to grow at a CAGR of 3.8% between 2018 and 2028 in terms of value. Growing environmental concerns, supportive policy frameworks and technological development are some of the factors expected to lay a robust foundation for the growth of the global weatherization services market.

The Future Market Insights report on weatherization services carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters such as application, material type, construction type and end user. The primary objective of the report is to offer key insights on weatherization services market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders of the weatherization services market.

Weatherization services are cost-effective and energy-effective measures and include energy audit and building assessment, building envelope, installation of heating and cooling systems and improving indoor air quality. The scope of the weatherization services market report includes insulation installation services for materials, such as fiberglass, cellulose, injection foam and spray foam insulation and installation techniques include blow-in, sprayed, injected, loose-fill and blankets installation.

The report is structured to facilitate the reader to develop a thorough understanding about the weatherization services market. It begins with weatherization services market definitions, followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the weatherization services market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews and trends in the market.

Weatherization Services Market: Segmentation

Application

End User

Construction Type

Region

  • Attic Insulation

    • Cellulose

    • Fiberglass

    • Spray Foam

    • Foam Board

  • Sidewall Insulation

    • Cellulose

    • Boards/Panels

    • Fiberglass

    • Spray Foam

  • Floor Insulation

    • Thermoset Resin Board

    • Fiberglass

    • Spray Foam

  • HVAC

    • Fiberglass

    • Spray Foam

  • Doors & Windows Frame

  • Others

  • Residential

  • Commercial & Institutional

  • Retrofit

  • New Construction

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • South East Asia & pacific

  • China

  • Middle East and Africa

  • Japan & Korea

 

Weatherization Services Market: Report Structure

The report begins with a weatherization services market introduction, defining the market taxonomy and definitions by various segments regarding the global weatherization services market assessment. In the next section, the report describes the market development background, covering macro-economic factors, industry factors, forecast factors, value chain overview covering approximate margins, an indicative list of stakeholders involved in each stage and an assessment of the installed base and replacement rate of weatherization services for the base year considered for the study.

The next section of the weatherization services report discusses market dynamics such as drivers (supply and demand side), restraints and trends impacting the market growth at a global level. Market opportunities or potential for weatherization services market participants have been presented in the subsequent section of the same chapter. This section also includes the impact assessment of market dynamics on the global weatherization services market at a qualitative level based on analysis facts and insights.

Subsequent sections of the report provide value (US$ Mn) projections for the weatherization services market on the basis of the aforementioned segments at a global level. The global weatherization services market values represented in these section have been agglomerated by collecting data and information at a regional level. The weatherization services market information, along with key facts and insights, covers unique analysis frameworks such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share and attractiveness analysis for each of the sub-types covered in each segment.

The next section of the report presents a summarised view of the global weatherization services market based on seven prominent regions considered in the study. The section includes the regional weatherization services market position, growth potential, trends and market attractiveness analysis for each of these regions.

The market analysis sections cover regional trends, and market value projections for each segment, including Y-o-Y growth trends, market share analysis, market attractiveness and incremental $ opportunity assessment. These sections analyse the degree to which the global drivers are influencing weatherization services market in each region.

All the above sections evaluate the present market scenario and growth prospects in the global weatherization services market, while the forecast presented in the sections assesses the market size in terms of value.

Weatherization Services Market: Research Methodology

In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global weatherization services market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on primary research, secondary research and our own analysis. However, forecasting the market in terms of various weatherization services segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecast exercise.

In addition, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the weatherization services market and identify the right opportunities available.

As previously highlighted, the weatherization services market is split into a number of sub-segments. All the weatherization services segment sub-segments, in terms of application, construction type, end-use and region, have been analysed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to the weatherization services market growth. This detailed level of information is important for the identification of various key trends witnessed in the weatherization services market.  

Another key feature of this report is the analysis of all the key segments in the weatherization services market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the weatherization services market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the weatherization services market.

In order to understand the key market segments in terms of the growth and installation of weatherization services across concerned regions, Future Market Insights has developed the attractiveness index, which will help providers to identify real market opportunities.

Weatherization Services Market: Competitive Landscape

In the final section of the weatherization services market report, a competitive landscape of the weatherization services market is included to provide report audiences with a dashboard view categorised on the basis of providers present in the value chain, their presence in the weatherization services market and key differentiating factors and strategies. These section also presents an exhaustive list of market weatherization services participants operating in the target market segments. The primary category of service providers covered in the report includes weatherization services providers (Insulation installers). This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to weatherization services market segment in the value chain of the weatherization services market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the weatherization services marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the weatherization services market. Examples of some of the key competitors covered in the weatherization services market report include TopBuild Corp, Insulated building products, Inc., Builders FirstSource, Inc., Takashima & Co., Ltd., Dyson Energy Services Ltd., HomeWorks Energy, Inc., USA Insulation, Banker Insulation and Anderson Insulation.

Weatherization Services Market Reports - Table of Contents

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