Global Weatherization Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Weatherization Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Weatherization (or weatherproofing) is the practice of protecting a building and its interior from the elements, particularly from sunlight, precipitation, and wind, and of modifying a building to reduce energy consumption and optimize energy efficiency. Weatherization is distinct from building insulation, although building insulation requires weatherization for proper functioning. Many types of insulation can be thought of as weatherization, because they block drafts or protect from cold winds. Whereas insulation primarily reduces conductive heat flow, weatherization primarily reduces convective heat flow.

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.

Market Overview:

The latest research study on the global Weatherization Services market finds that the global Weatherization Services market reached a value of USD 26778.6 million in 2022. It’s expected that the market will achieve USD 44614.55 million by 2028, exhibiting a CAGR of 8.88% during the forecast period.

Industry Trend Analysis

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.

The increasing awareness and importance of energy conservation among residents will lead to the continuous growth of Global Weatherization Services. 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. Countries and regions around the world are taking a series of measures to reduce carbon dioxide 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.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

TopBuild Corp is one of the major players operating in the Weatherization Services market, holding a share of 8.97% in 2021.

TopBuild Corp., a Fortune 1000 Company headquartered in Daytona Beach, Florida, is a leading installer and distributor of insulation and building material products to the U.S. construction industry. They provide insulation and building material services nationwide through TruTeam®, which has close to 200 branches, and through Service Partners® which distributes insulation and building material products from approximately 75 branches.

Installed Building Products is a US installation contractor with more than 7,000 employees in more than 175 locations in the US. Installed Building Products, Inc. installs residential insulation materials in the United States. The company offers complementary building products, including garage doors, rain gutters, shower doors, closet shelves and mirrors. Installed Building Products sells its products in the United States.

Segmentation Overview:

As for product types, the New construction segment held the largest market share in 2021.

Application Overview:

By application, the Residential segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Weatherization Services market covered in Chapter 3:

HomeWorks Energy
Insulated building products
Dyson Energy Services
Anderson Insulation
Builders FirstSource
Takashima
USA Insulation
TopBuild Corp
Banker Insulation
Synergy companies
Great Northern Insulation 

In Chapter 4 and Chapter 14.2, on the basis of types, the Weatherization Services market from 2018 to 2029 is primarily split into:

New construction
Retrofit

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Weatherization Services market from 2018 to 2029 covers:

Residential
Commercial & Institutional

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)