What is Weatherization Services Market?
Weatherization services reduce energy costs for low-income households by increasing the energy efficiency of the homes while ensuring the health and safety of the individuals. This service not only helps households, but it also helps revitalize communities by spurring economic growth and reducing environmental impact, that is projected the growth of the global Weatherization services market in the forecast period. In the United States, The U.S. Department of Energy has run a weatherization assistance program which supports 8,500 jobs and offers weatherization services to approximately 35,000 homes every year using the department of energy funds.
Highlights from Weatherization Services Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | TopBuild Corp (United States), Insulated building products (United States), Builders FirstSource (United States), Takashima & Co. (Japan), Dyson Energy Services (United Kingdom), HomeWorks Energy (United States), Farrell Insulation (United States), USA Insulation (United States), Banker Insulation (United States) and Anderson Insulation (United States) |
The Manufacturers having a strong hold in the market are TopBuild Corp, Insulated building products, Builders FirstSource, and Takashima & Co.. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Weatherization Services market throughout the forecasted period.
TopBuild Corp (United States), Insulated building products (United States), Builders FirstSource (United States), Takashima & Co. (Japan), Dyson Energy Services (United Kingdom), HomeWorks Energy (United States), Farrell Insulation (United States), USA Insulation (United States), Banker Insulation (United States) and Anderson Insulation (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Northwest Weatherization (United States) and The Energy Store (United States). Weatherization Services Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Residential and Commercial & Institutional |
Type | Air Sealing, Insulation, Moisture Control and Ventilation |
Construction Type | New construction,Retrofit segments |
On the basis of geography, the market of Weatherization Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Developments in Residential Energy Technologies
Market Growth Drivers:
The rise in Demand for Building Materials and Increasing Development in High-Performance Insulation Products
Challenges:
Rising Interest Rates Pose a Challenge for Construction Industry
Restraints:
High Cost Associated With Material Costs
Opportunities:
Growing Utilization of Weatherization Services in the Construction Industry and Increasing Adoption of Weatherization Services in Developed Economies
Key Target Audience
Weatherization Services Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
Market Leaders & Development Strategies
In October 2021, TopBuild Corp acquired Distribution International from Advent International for about USD 1 billion. This acquisition strengthens and supports the company's profitable growth strategy.
Recently, In the United States, The DOE Residential Building Integration Program, working together with the Office of Weatherization and Intergovernmental Programs and the Office of Electricity Delivery and Energy Reliability, should consider establishing a pilot program in FY 2018 and FY 2019 in multiple states to test new models for streamlining and maximizing resources.