NEW
YORK, June 19, 2024 /PRNewswire/ -- The global
rainwater harvesting systems market size is estimated to
grow by USD 891.1 mn from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 9.45% during the forecast
period. Increase in water consumption worldwide is
driving market growth, with a trend towards emergence of
smart cities and green buildings. However, uneven distribution
of rainfall and lack of awareness of rainwater harvesting
poses a challenge. Key market players include Barr Plastics
Inc., DandD Ecotech Services, Ecozi Ltd., HarvestH2o, Heritage
Water Tanks, Innovative Water Solutions LLC, Kingspan Group Plc,
Metroll, Molloy Precast Products Ltd., Oasis Water Harvesting,
Osmosis Autopump India Pvt. Ltd., Otto Graf GmbH
Kunststofferzeugnisse, RainHarvest Systems LLC, Rainwater
Connection, Stormsaver Ltd., Vareo Blu Ltd, Water Field
Technologies Pvt. Ltd., Water Harvesting Solutions Inc., Watts
Water Technologies Inc., and WISY AG.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user
(Non-residential and Residential), Application (Surface-based and
Rooftop-based), and Geography (North America, APAC, Europe, South
America, and Middle East and Africa)
|
Region
Covered
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Barr Plastics Inc.,
DandD Ecotech Services, Ecozi Ltd., HarvestH2o, Heritage Water
Tanks, Innovative Water Solutions LLC, Kingspan Group Plc, Metroll,
Molloy Precast Products Ltd., Oasis Water Harvesting, Osmosis
Autopump India Pvt. Ltd., Otto Graf GmbH Kunststofferzeugnisse,
RainHarvest Systems LLC, Rainwater Connection, Stormsaver Ltd.,
Vareo Blu Ltd, Water Field Technologies Pvt. Ltd., Water Harvesting
Solutions Inc., Watts Water Technologies Inc., and WISY
AG
|
Key Market Trends Fueling Growth
The Smart Cities Mission in India, led by the Union Ministry of Urban
Development, is prioritizing environmentally friendly
infrastructure. Green building practices, including rainwater
harvesting, are gaining popularity in this context. This technique
is a significant component of the global rainwater harvesting
systems market, which is projected to expand due to the increasing
adoption of green technologies in smart city development. The Union
Budget 2021-2022 allocated a substantial increase in funds towards
the Smart Cities Mission, indicating a strong focus on sustainable
infrastructure. Both public and private entities are promoting the
use of rainwater harvesting systems in green buildings,
contributing to the market's growth.
The rainwater harvesting systems market is experiencing
significant growth due to increasing awareness about water
conservation. Harvesting systems are essential for collecting and
storing rainwater for later use. These systems are commonly used in
residential and commercial buildings, farms, and industries.
Factors such as drought, water scarcity, and rising water prices
are driving the demand for rainwater harvesting systems. Farmers
and agricultural businesses are particularly interested in these
systems to irrigate their crops. The market for rainwater
harvesting systems includes components such as collection systems,
filtration systems, storage tanks, and pumps. Companies are
focusing on developing innovative and cost-effective solutions to
meet the growing demand. The future of the rainwater harvesting
systems market looks promising as more people and businesses seek
sustainable water management solutions.
Research report provides comprehensive data on
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Report
Market Challenges
- Rainfall is an essential resource for agriculture and economic
growth, but its erratic and uneven distribution poses challenges.
On average, only one-third of days in a year experience rainfall,
with over three-quarters of the annual rainfall occurring during
these days. Monsoon seasons significantly impact economies, with
favorable conditions leading to growth and weak monsoons causing
agricultural losses. Rainwater harvesting systems offer a solution,
but their implementation is hindered by unpredictable rainfall and
limited awareness. Urban areas often view rainwater harvesting as a
practice for rural communities. To drive market growth, increasing
awareness and education about rainwater harvesting is crucial.
- Rainwater harvesting systems have gained significant attention
due to the increasing water scarcity and the need for sustainable
water management solutions. However, implementing these systems
comes with certain challenges. One major challenge is the high
initial investment required for installation and maintenance.
Another challenge is the lack of awareness and understanding about
the benefits and importance of rainwater harvesting among
consumers. Additionally, regulations and standards for rainwater
harvesting systems vary from region to region, making it difficult
for businesses to operate in multiple locations. Furthermore, the
design and selection of appropriate rainwater harvesting
technologies can be complex, requiring expertise and knowledge.
Despite these challenges, the market for rainwater harvesting
systems is expected to grow due to the increasing demand for water
conservation and the availability of government incentives and
subsidies.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This rainwater harvesting systems market report extensively
covers market segmentation by
- End-user
- 1.1 Non-residential
- 1.2 Residential
- Application
- 2.1 Surface-based
- 2.2 Rooftop-based
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Non-residential- The global non-residential
rainwater harvesting systems market is anticipated to expand due to
increasing installations in commercial and industrial sectors. Key
industries, such as tourism and hospitality, are major drivers due
to high FDI and water demand. Industrial activities account for
approximately one-fifth of global water withdrawal, leading
companies to invest in water management and rainwater harvesting
for cost savings and resource efficiency. Large-scale systems offer
significant economic and environmental benefits, fueling market
growth in the non-residential segment.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
In developed nations, the issue of water scarcity has gained
significant attention, leading to the expansion of the rainwater
harvesting market. This market caters to various sectors, including
agriculture, where farmers utilize rainwater to irrigate their
crops. Industrial units, factories, and commercial spaces also rely
on rainwater harvesting for power generation, textiles, and
emergency water supply. Rainwater harvesting systems are essential
for urban resilience, particularly in managing stormwater runoff
and replenishing depleting groundwater levels. Harvesting methods
include the use of water harvesters, gutters and pipes, and
incentives from municipal bodies encourage their adoption.
Centralized drainage systems and stormwater runoff are significant
challenges, but rainwater harvesting offers a sustainable solution.
The market for rainwater harvesting systems continues to grow,
driven by the need for water conservation and mitigating the
impacts of climate change.
Market Research Overview
The Rainwater Harvesting Systems market encompasses the design,
production, and installation of systems used to collect and store
rainwater for later use. These systems are essential in areas with
water scarcity or frequent water shortages. They consist of various
components such as rooftop collection structures, gutters,
filtration systems, storage tanks, and pumps. The market is driven
by factors like increasing water scarcity, stringent water
regulations, and growing awareness of water conservation.
Additionally, technological advancements in system design and
materials have led to more efficient and cost-effective solutions.
The market also faces challenges like high initial investment costs
and the need for regular maintenance. Overall, the Rainwater
Harvesting Systems market is expected to grow significantly in the
coming years due to its ability to provide a sustainable water
supply solution.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Non-residential
- Residential
- Application
-
- Surface-based
- Rooftop-based
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio