The Size and Potential of the Home Insulation Market
The Size and Potential of the Home Insulation Market Jul 21, 2013
The Department of Energy and Climate Change (DECC) have published estimates of current home insulation levels across the UK up to the end of April 2013.
The figures show the potential size of the market for insulation measures under the Energy Company Obligation (ECO) and Green Deal scheme.
The report shows that there are:
6 million homes that need solid wall insulation
5.7 million homes in need of loft insulation
3.7 million suitable homes with no cavity wall insulation
The report also highlighted that a parentage of homes were unsuitable for home insulation work. For example, some homes with solid walls will be located in conservation areas and other properties with unfilled cavities may be structurally unsound.
DECC estimate that there are 27.1 million homes in Great Britain. Out of these properties, the total number of thoses insulated at the start of April 2013 was:
Cavity wall insulation: 13,360 (70% of homes with cavity walls)
Loft insulation 125mm or over: 16,160 (68% of homes with lofts)
Solid wall insulation: 205 (3% of homes with solid walls)
Based on these figures, solid wall insulation seems to be a stand out, untapped market with an estimated 97% of properties un-insulated.
Solid wall properties can be insulated either externally or internally and these measures are supported under the Carbon Emission Reduction Obligation (CERO) strand of ECO, which accounts for 75% (£975 Million) of the annual ECO target of 1.3bn. CERO funds can be used for both private sector homes and for social housing.