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Weatherization Services Market

Weatherization Services Market Size, Share & Trends Analysis Report By Type (Retrofit, New Construction), By Application (Residential, Commercial & Institutional) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRTE1348DR
Study Period 2020-2032 CAGR 8.3%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market North America Fastest Growing Market Europe
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Market Overview

Weatherization is a common practice of protecting buildings from climatic elements such as sunlight, rainfall, and wind, also known as weatherproofing. Besides, weathering also includes building modifications to reduce energy consumption and improve energy efficiency. Weathering services are energy-efficient and cost-effective measures for existing residents of residential and multi-family housing. After the use of diagnostic building assessment and energy audit, services are provided to determine the energy efficiency measures needed for each house.

The global recovery in the construction industry is accelerated by a steady increase in population, increase in demand for building materials, both for residential and non-residential buildings. This, in turn, will stimulate the growth of the global market for weather services. The U.S. Department of Energy (DOE) recognizes the enormous potential of existing American homes to improve energy efficiency, safety, and comfort. Heating and cooling (space conditioning) account for about 50-60% of the total energy consumption of the average American household, according to the DOE. As a result, increasing isolation in residential or residential buildings is one of the main factors driving the demand for insulation facilities, thus contributing to the growth of the market for insulation services.

The global weatherization services market is expected to grow at a CAGR 8.3% during the forecast period, 2023–2031.

The global construction sector accounts for 30% of final energy consumption and more than 55% of global electricity demand. Construction energy consumption accounts for 49% of sulfur dioxide, 25% of nitrous oxide, and 10% of particulate matter. As a result, nations are working hard to adopt sustainable solutions to improve energy efficiency in buildings and reduce their use to an optimum level.

Besides, the use of lightweight insulation materials with promising mechanical properties such as rigidity, stiffness, high-temperature durability, and chemical resistance is expected to increase to reduce carbon dioxide emissions. Key players are therefore anticipated to invest significantly in the development of high-performance insulation products on the weather services market to gain a competitive edge.

Market Dynamics

Development of Green Building Technologies

Green building development is one of the fastest-growing trends in North America, with 296 certifications growing to more than 65,000 in 2017 in 2006. Use of environmentally friendly practices and materials in the design, location, construction, operation, and disposal of such buildings. This can be done both for the renovation of existing buildings and the construction of new buildings.

Green construction significantly reduces fossil fuel consumption and greenhouse gas emissions (GHG). Several efforts are currently underway in the United States to promote green building development programs. For example, certification for the ICC 700 National Green Building Standard and Leadership in Energy and Environmental Design (LEED) is expected to continue to drive demand for green construction projects in the United States.

The U.S. government has adopted LEED certificates for public buildings. Besides, the growth of the global market for weather services is driven by a growing demand for energy and energy efficiency services. At current rates, home weathering saves about USD 437 in heating and cooling costs year after year.

This rapidly growing trend of developing and constructing a green building is anticipated to provide a new opportunity for the weatherization services market during the forecast period, 2018–2025. Moreover, it is estimated that factors such as fluctuating raw material prices and limited production in North America will hinder overall growth in the coming years. It is estimated that the increasing presence of manufacturing industries in China, India, Brazil, and Mexico will increase demand for weather services, thereby driving the market growth.

Growing Awareness and Importance of Energy Saving

Energy resources are limited, each saved unit is equal to each produced unit and that is where effective weather services come into play. Several initiatives are being taken by various states and federal governments around the globe to reduce CO2 emissions. More importantly, the need for renewable energy systems and the reduction of energy waste has increased by increasing public awareness of climate change.

This factor has a positive effect on the global weather services market. Also, the use of lightweight insulation materials with promising mechanical properties such as rigidity, stiffness, high-temperature durability, and chemical resistance is expected to increase to reduce carbon dioxide emissions.

Key players are therefore expected to invest significantly in the development of high-performance insulation products on the weather services market to gain a competitive edge. The recent application trend estimated to drive industrial growth is the increase in demand for sustainable residential buildings due to the growing population and urbanization. Besides, technological improvements in thermal insulation, such as vacuum panels and R&D activities, are expected to boost industry growth to advance transparent thermal products.

Apart from this, demographics, fluctuating energy prices and their availability, residential energy technologies, environmental legislation, and restructuring of the electric utility industry are anticipated to be some of the future trends in the global market.

Regional Analysis

North America is Predicted to Remain a High Value, High Growth Region

Environmental policymakers are applying strict regulations and building codes in response to the growing demand to tackle environmental challenges. Increasing strict building codes and energy legislation is expected to have a positive impact on the long-term growth of the North American weather services market. In addition, the world economy is experiencing steady growth. However, increasing energy insecurity will present challenges that, in turn, are expected to contribute significantly to the growth of the weather services market.

The North American region is expected to see significant growth in the market for weather services, followed by the market for weather services in Western Europe and China in terms of value. Due to the increasing adoption of building codes and strict regulations coupled with increasing awareness and energy savings needs, regions such as South East Asia Pacific (SEAP) and the Middle East & Africa are expected to gain traction in the weather services market during the latter half of the forecast period. During the same period, all other regions are expected to grow moderately.

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

Strategic positioning in both local and national markets and the introduction of business lines are key to the success of providers of weather services. By establishing a strong position in regional markets, prominent market players will be able to reduce the price pressure created by regional players, thereby, helping them to increase their profitability as well as their growth opportunities. By adopting the mergers and acquisitions strategy, the weatherization services market participants emphasize increasing market share and enhancing their regional presence. For instance.

Report Scope

Report Metric Details
By Type
  1. Retrofit
  2. New Construction
By Application
  1. Residential
  2. Commercial & Institutional
Company Profiles TopBuild Corp Installed Building Products, Inc Builders FirstSource, Inc HomeWorks Energy, Inc Dyson Energy Services USA Insulation Banker Insulation Anderson Insulation Home Insulation Company
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

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

Buildings consume about 40% of the total energy demand, of which the heating and cooling systems consume about 50-60%. Proper weathering systems can reduce energy consumption by almost 30%. Residential construction has aged in most developed regions, such as the U.K., the U.K., Germany, France, Spain, and other European Union countries. Most of the construction in these regions dates back to the 1980s.

These infrastructures are not sufficiently insulated and will, therefore provide significant potential for market participants in the weather services market. Besides, it is estimated that building renovation can reduce the energy consumption of buildings by 35% of the total. In addition, the European Union aims to renovate 2% of its residential buildings and 3% of its central government buildings annually, thus, the goal of ''near-zero-energy buildings'' is set to pave the way for the growth of the weather services market in the years to come.

However, several homeowners are not investing in retrofitting due to different factors such as the invisibility of insulation, absence of clear and simple action steps, efficiency measures do not add value at the time of selling a home, and lack of credible information about the home’s current level of efficiency

Based on application, the market is segmented into residential, commercial, and institutional. The residential sector includes activities related to private dwellings such as space and water heating, cooling, lighting, and use of appliances. However, high energy consumption in this sector is attributed to various factors such as growing population, increasing households & building characteristics, rising income, changing consumer preferences and behavior as well as climatic conditions, building age profile, house size, appliance ownership levels, and overall energy efficiency improvements.

According to the Home Performance Coalition, a non-profit organization, mold and moisture problems are often uncovered during the weatherization process, therefore, this is one of the key factors driving the growth of this segment. Moreover, the Home Performance Industry (HPI) emerged out of WAP to improve the energy efficiency of residential buildings.

Market Size By Type

Market Size By Type
  • Retrofit
  • New Construction
  • Impact of covid-19

    The COVID-19 outbreak has kept individuals in their homes around the world for most of 2020. Governments restricted movement and prevented the spread of the disease from traveling around the world. This has undoubtedly brought people to escape isolation and live like pre-COVID-19 days. COVID-19 had a significant effect on the weatherization services market as for the weatherization of houses or buildings the service provider has to physically go there or send a team. However, this was not allowed during COVID-19 due to the risk of spreading the virus. After the lifting of the ban, the weatherization service providers have come forward with a specialized team for weatherization who take all the necessary safety precautions for COVID-19 and provide weatherization services.

    Recent Developments

    • On December 14, 2020, the company NeighbourImpact got funding from the U.S. Department of agriculture and NeighborWorks America for the weatherization of rural communities.
    • In May 2018, with an investment of USD 475 million, TopBuild Corp completed the acquisition of United Subcontractors Inc., improving its product offerings and service capabilities across the weatherization services market.

    Top Key Players

    Weatherization Services Market Share of Key Players

    Weatherization Services Market Share of Key Players
    TopBuild Corp Installed Building Products, Inc Builders FirstSource, Inc HomeWorks Energy, Inc Dyson Energy Services USA Insulation Banker Insulation Anderson Insulation Home Insulation Company Others

    Frequently Asked Questions (FAQs)

    What is the estimated growth rate (CAGR) of the Weatherization Services Market?
    Weatherization Services Market size will grow at approx. CAGR of 8.3% during the forecast period.
    Some of the top prominent players in Weatherization Services Market are, TopBuild Corp, Installed Building Products, Inc, Builders FirstSource, Inc, HomeWorks Energy, Inc, Dyson Energy Services, USA Insulation, Banker Insulation, Anderson Insulation, Home Insulation Company, etc.
    North America has held a dominant position in the Weatherization Services Market, with the largest market share.
    The region with the most rapid expansion in the Weatherization Services Market is Europe.
    The global Weatherization Services Market report is segmented as follows: By Type, By Application

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