SOURCE: SBI

 
 
Jul 07, 2009 08:54 ET

Energy-Efficient Renovations to Thrive as Consumers Cut Costs Through Home Improvement

NEW YORK, NY--(Marketwire - July 7, 2009) - Energy-efficient home renovations will grow 50% faster than the renovations market as a whole over the next five years as consumers seek to cut costs during the recession through judicious home improvement, according to "Energy-Efficient Home Renovations Market, Part I: Windows, Doors & Insulation," the first in a three part series from leading industrial market research publisher SBI. The energy-efficient renovations market is projected experience a compound annual growth rate (CAGR) of 15% from 2009 to 2013, and ultimately reach $35 billion by the end of the forecast period.

"Green building is one of the few aspects of the U.S. construction business that retains a positive outlook despite the economic downturn," says Shelley Carr, publisher of SBI. "Remodeling and renovating to improve a home's energy efficiency instead of buying a new home has become a preferred option in today's market. Homeowners can save anywhere between 3% and 52% on their yearly heating and cooling costs by installing energy-efficient windows. And something as simple as adding insulation and weather stripping during a renovation project can save up to 20% in costs."

Within the market, the growth trajectory of energy-efficient window and door replacement projects will mirror the energy-efficient home renovations market as a whole, with a CAGR of 14%. However, the greatest growth is expected to be in the insulation, caulking, and weather stripping segment, which SBI forecasts will grow 25% in 2010 with a CAGR of 21% for the five year period ending 2013.

SBI estimates that the 2008 energy-efficient home renovations market totaled $21 billion in 2008, down 13% from 2007's $24 billion. Overall, the energy-efficient home renovation market grew a CAGR of more than 10% from 2003 to 2008, and climbed from accounting for just above 9% of the overall home renovations market to claim more than 11% during the same period.

"Energy-Efficient Home Renovations Market, Part I: Windows, Doors & Insulation" explores the market for energy-efficient doors and windows, caulking and weather stripping, and insulation used in home renovation projects. The report provides a concise, focused look at the world of whole home energy-efficient renovations as it exists today, and shows where the market is moving towards in the next five years. Key players in the industry are highlighted, and ways current and prospective competitors can capitalize on recent trends and spearhead new ones are pinpointed.

The remaining reports in the series will be published throughout 2009. Part II examines the energy-efficient appliance and lighting markets for home remodeling. While Part III explores energy-efficient heating and cooling systems and the growing trend of energy-efficient roof renovations. For further information visit: http://www.sbireports.com/Energy-Efficient-Home-2287647/

About SBI

SBI (Specialists in Business Information) publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets. SBI also offers a full range of custom research services. For more information visit http://www.sbireports.com, or contact Don Montuori at (240) 747-3028 or press@sbireports.com.

Contact:
Don Montuori
(240) 747-3028
press@sbireports.com
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