On Deck: Energy Efficiency
Growing Focus on Energy Efficiency
Consumers are becoming more aware of the impact of climate change and are looking to reduce their environmental footprint
It is becoming ever more important for facility services companies to evolve as consumers are becoming increasingly aware of the true impact of climate change and are looking for ways to do their part by reducing their environmental footprint.
- Considering that the average American family of four uses at least 300 gallons of water per day (100,000 gallons annually), consumers are becoming increasingly willing to spend on ways to minimize their water consumption.
- A running toilet wastes up to 200 gallons of water per day, and consumers are beginning to realize that fixing a toilet could reduce their household consumption by two-thirds of the total water used by the average family each day. It is also estimated that 10% of U.S. homes have small plumbing leaks that waste 90 gallons of water per day, which creates a significant amount of inherent repair demand.
- In addition to repair issues, consumers are often willing to pay more for options that are more environmentally-friendly than others, which requires ongoing technician training. GlobalWebIndex found that a rising number of consumers were ready to pay for more expensive, eco-friendly products, including 46% of Baby Boomers and 61% of Millennials. By not having a robust “green portfolio” of products, facility services companies aren’t just losing out on improving the environment through more efficient, eco-friendly products – they are also missing out on bigger tickets or sales in total.
- The demand and upsell opportunities are ripe for the taking and facility services companies that embrace and sell a robust portfolio of energy-efficient products will be well-positioned to garner market share gains.
League Park is a boutique investment bank that professionally and ethically advises clients on strategies aimed to maximize shareholder value. We assist middle market companies with transactions that generate value through mergers and acquisitions, recapitalizations, capital raising , and outsourced corporate development.
Wayne Twardokus216.455.9989 firstname.lastname@example.org June 2020