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Weatherization Services Market

Weatherization Services Market By Application (Attic Insulation, Sidewall Insulation, Floor Insulation, HVAC, Doors & Windows Frame), Construction Type (Retrofit, New Construction), End-Use (Residential, Commercial) & Region - Forecast 2022 - 2028

Weatherization Services Market By Application (Attic Insulation, Sidewall Insulation, Floor Insulation, HVAC, Doors & Windows Frame), Construction Type (Retrofit, New Construction), End-Use (Residential, Commercial) & Region - Forecast 2022 - 2028

Weatherization Services Market - Analysis, Outlook, Growth, Trends, Forecasts

Weatherization Services Market Outlook 2022-2028

[242 Pages] The global weatherization services market to grow with a year-on-year growth of 4.0%, reaching US$ 35 Bn by the end of 2022. Weatherization enhances energy efficiency while lowering energy usage, saving money on energy bills and improve the comfort of home.

Weatherization Services Market Value (2021A)

US$ 33.6 Bn

Weatherization Services Market Estimated Year Value (2022E)

US$ 35 Bn

Weatherization Services Market Projected Year Value (2028F)

US$ 43.8 Bn

Value CAGR (2022-2028)

3.8 %

Collective Value Share: Top 3 Countries (2022E)

35.1%

Weatherization services are cost-effective and energy-efficient solutions that include energy audits and building assessments, heating and cooling system installation, and indoor air quality improvement. Based on these factors, demand for weatherization services are anticipated to increase at 3.8% CAGR during the forecast period of 2022 and 2028.

Regionally, North America is anticipated to remain a lucrative pocket for weatherization services market over the forecast period. Increasing demand from residential and commercial sector is fuelling the growth in the region. Sales in North America are projected to surge at a CAGR 4.9% through 2028.

2016-2021 Global Weatherization Services Market Outlook Compared to 2022-2028 Forecast

Expansion of construction industry coupled with increasing population across the globe is the major factor facilitating the growth in weatherization services market. Demand for construction materials and construction aggregates for residential and commercial structures is surging.

This, in turn, is expected to increase demand for energy-efficient insulation which is creating conducive environment for the growth in the weatherization services market. Further, in the coming years, rising use and demand of energy will spur the sales in weatherization services market.  

Considerable energy savings will lead to direct reduction in energy expenditures. As a result, weatherization services are gaining immense popularity among consumers. Future Market Insights opines, demand outlook for weatherization services between 2022 and 2028 is estimated to reach a valuation of US$ 43.8 Bn.

Will Expansion of Residential Sector Fuel Weatherization Services Demand?

Increased use of insulation in residential or home constructions is one of the key factors driving demand for insulation installations. This will lead to the expansion of the weatherization services market.

Despite market volatility, the construction industry has remained stable. Private construction investments are increasing, while investments in building construction across residential and commercial sector is increasing. This is resulting in increased cost of material.

Construction initiatives in private workplaces across the globe are expected to increase the demand for construction supplies such as insulating materials. In response to reduce the environmental problems, governments and officials are enacting severe rules and construction standards.

Further, building codes and energy standards are expected to tighten in the future, boosting the weatherization services market's long-term growth. Hence, with the expansion of construction industry and development of infrastructure, sales of weatherization services will surge.

What are the Factors Hampering Weatherization Services Sales?

High cost of spray foam insulation is one of the primary factor limiting spray foam insulation's growth in the global weatherization services market. Rising interest rates and increasing material costs will dampen the growth in construction industry, limiting the sales in the market.

Contractors in several countries such as the U.S., Germany, the U.K., France, and Spain continue to struggle with construction funding. Hence, insufficient funds may also hamper the growth of construction projects, impeding the growth in the market.

Country-wise Insights

Why is Demand for Weatherization Services Increasing in the U.S.?

In 2022, the U.S. Weatherization Services Market is expected to register 5.7% year-on-year growth. With the strong expansion of construction industry, the U.S. will witness substantial growth over the forecast period.

 The sluggish and steady development of building and construction industry, despite the low corporate investment, the building industry is projected to expand. In order to capitalize on the untapped potential in construction & building industry, key companies in the US weatherization services market are focusing on product development.

Manufacturers are also concentrating on optimizing operations in order to reduce operational costs and boost profit margins. The expansion of building and construction business in the U.S. will propel the demand for weatherization services over the coming years.

Will the Germany Weatherization Services Market Exhibit High Grow?

Germany is a key consumer and provider in the Western Europe weatherization services market. In terms growth and usage of weatherization services, Germany is predicted to remain one of Europe's leading markets.

Expansion of residential sector in Germany and growing concerns for climate change is improving the demand for weatherization services. Infrastructures across residential sector are ill-insulated, creating growth opportunities for market players.

As per the study, demand for weatherization services across Germany is projected to rise at 3.4% CAGR over the forecast period.

Will China Weatherization Services Market Remain Dominant in East Asia?

Due to the growing emphasis on infrastructural advancements and propulsions in industrial output, major developing countries such as China is driving the global GDP. China has succeeded to become a hotspot for investors as a result of political and strategic changes.

Over the coming years, increasing population and urbanization will boost the demand for weatherization services in China. Demand for this services in China is expected to surge as investments in building insulation as a long-term sustainable energy efficiency approach is increasing.

Throughout the projection period, China is expected to hold lion’s share in the global weatherization services. FMI estimates, China weatherization services market will expand at 5.4% CAGR over the forecast period.

Category-wise Insights

Which Construction Type will Remain Highly Sought-After?

New construction segment is projected to create an absolute dollar opportunity of more than US$ 5,828.9 Mn during the period of 2022 to 2028. According to FMI, the new construction segment is projected to dominate the global market.

However, the retrofit segment is set to gain traction over the forecast period, providing promising growth opportunities for the market participants. With increasing urbanization and growing expansion of residential and commercial will likely surge the demand for weatherization services in the new construction segment.

Which is the Primary End-User for Weatherization Services?

The residential segment is projected to create an absolute dollar opportunity of more than US$ 4,698.3 Mn during the period of 2022 to 2028.  Growing population and improving consumer purchasing habits and lifestyles are underpinning the growth of the segment.

Furthermore, with increasing development of residential sector, overall construction industry has expanded dramatically over the last few years. As the infrastructure business grows, rising number of households are likely to fuel the demand for weatherization services.

Competitive Landscape

To strengthen their position, key participants are aiming for strategic mergers and acquisitions. They are also developing strong partnerships and long-term contracts with the leading producers of insulation and other building products in order to secure raw material availability. Furthermore, the companies are concentrating their efforts on growing their business in the commercial building sector.

For Instance,

  • In January 2018, TopBuild Corp acquired Santa Rosa Insulation and Fireproofing, a residential & commercial insulation installation company in Greater Miami.

Scope of Report

Attribute

Details

Forecast Period

2022-2028

Historical Data Available for

2013-2021

Market Analysis

USD Million for Value and Units for Volume

Key Regions Covered

North America, Latin America, Western Europe, Eastern Europe, MEA, China, SEAP, Japan & Korea

Key Countries Covered

US, Canada, Brazil, Mexico, Russia, Poland,  Germany, Italy, France, U.K., Spain, BENELUX, Nordics, China,  India, ASEAN, ANZ, GCC Countries, South Africa, Turkey, Japan & Korea

Key Segments Covered

Application, Construction Type, End Use, and Region

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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Global Weatherization Services Market by Category

By Application:

  • Attic Insulation
  • Sidewall Insulation
  • Floor Insulation
  • HVAC
  • Doors & Windows Frame
  • Others

By Type:

  • Retrofit
  • New Construction

By End Use:

  • Residential
  • Commercial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • MEA
  • China
  • SEAP
  • Japan & Korea

Key Questions Answered in the Report

What is the current size of the global Weatherization Services Market?

The global weatherization services market is expected to total US$ 35 Bn in 2022.
During the forecast period, the demand for weatherization services will increase at 3.8% CAGR.
FMI finds, TopBuild Corp, Insulated Building Products, Inc., Builders FirstSource, Inc., Takashima & Co., Ltd., Dyson Energy Services Ltd, HomeWorks Energy, Inc., USA Insulation, Banker Insulation are the leading market players. They collectively are anticipated to account for 30% to 35% of the global market share.
The demand in China is expected to increase at 5.4% CAGR between 2022 and 2028 in terms of value.
China, the U.S., India, and Germany are the key users in the global weatherization services market.

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