Weatherization Services Market to Flourish With an Impressive CAGR of 3.8% During 2018-2028

VALLEY COTTAGE, New York, October 17, 2018 /PRNewswire/ --

Global Weatherization Services Market: Overview  

Future Market Insights delivers key insights on the global weatherization services market in its latest report titled "Weatherization Services Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028", which examines the weatherization services market and offers critical insights for the next ten years. Based on the findings specified in the report, the market is expected to witness steady growth over the forecast period, led by rising stringent regulations that mandate the use of insulation materials to reduce building energy consumption.

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The long-term outlook for the global weatherization services market is expected to remain positive and the market is expected to expand at a CAGR of 3.8% during the forecast period (2018-2028), primarily driven by technological advancements, stringent regulations and development of green building technologies.

Global Weatherization Services Market: Dynamics 

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 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 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 weatherization services market's growth.

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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.