Overview and Scope
Rainwater harvesting systems are infrastructure designed to collect, store, and distribute rainwater for various purposes, such as irrigation, landscaping, and domestic use. These are utilized primarily for sustainable water management to alleviate strain on traditional water sources and mitigate stormwater runoff, contributing to conservation efforts.
Sizing and Forecast
The rainwater harvesting systems market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growing awareness about water conservation, increasing urbanization, government regulations promoting sustainable water management practices, rising concerns over water scarcity in drought-prone regions, adoption of eco-friendly practices by residential and commercial sectors.
The rainwater harvesting systems market size is expected to see strong growth in the next few years. It will grow to $2.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to accelerated urbanization and infrastructure development, intensifying climate change impacts on water availability, increasing adoption of green building certifications requiring rainwater harvesting systems, government incentives and subsidies for implementing rainwater harvesting solutions, expansion of the construction industry particularly in emerging markets. Major trends in the forecast period include integration of rainwater harvesting systems with smart city initiatives, shift towards decentralized water management solutions, emergence of modular and scalable rainwater harvesting systems, development of predictive analytics tools for optimizing rainwater collection and usage, expansion of the rainwater harvesting market into new sectors such as agriculture and industrial applications.
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Segmentation & Regional Insights
The rainwater harvesting systems market covered in this report is segmented –
1) By Type: Roof Rainwater Collection, Surface Rainwater Collection, Hybrid
2) By Component: Tanks, Filtration Systems, Pumps, Distribution
3) By Installation: New Construction, Retrofit
4) By Harvesting Method: Above Ground, Underground
5) By Application: Residential, Commercial, Industrial, Agricultural, Public And Municipal
North America was the largest region in the rainwater harvesting systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rainwater harvesting systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising water scarcity is expected to propel the growth of the rainwater harvesting systems market. Water scarcity is the condition where the demand exceeds the available supply, leading to insufficient freshwater resources to meet a specific area’s human and environmental needs. Rising water scarcity is driven by increasing global demand, climate change, population growth, and inadequate water management practices. Rainwater harvesting systems address growing water scarcity by substantially augmenting water availability, aiding in replenishing local aquifers, mitigating urban flooding, and guaranteeing water access in areas prone to water scarcity. For instance, in May 2023, according to the United Nations Educational Scientific and Cultural Organization (UNESCO), a France-based specialized agency of the United Nations, 2 billion people lack safe drinking water (26% of the global population), and 3.6 billion lack proper sanitation (46%). Moreover, the urban population facing water scarcity will reach 1.7 to 2.4 billion people in 2050. Therefore, rising water scarcity is driving the growth of the rainwater harvesting systems market.
Key Industry Players
Major companies operating in the rainwater harvesting systems market are Kingspan Group Plc, Watts Water Technologies Inc., Caldwell Tanks Inc., CST Industries Inc., Metroll, Snyder Industries, Bushman Tanks, Otto Graf GmbH Kunststofferzeugnisse (Graf Holding GmbH group), Norwesco, Water Field Technologies Pvt. Ltd., Stormsaver Ltd., Barr Plastics Inc., WISY AG, Innovative Water Solutions LLC, D&D Ecotech Services, Heritage Water Tanks, Water Harvesting Solutions Inc. (Wahaso), Molloy Precast Products Ltd., Oasis Water Harvesting, Osmosis Autopump India Pvt. Ltd., Ecozi Ltd., HarvestH2o, Rain Harvesting Supplies Inc., Climate Tanks, Harvest Rain Inc., RainHarvest Systems LLC, Aquabarrel LLC, Rainwater Management Solutions Inc.
The rainwater harvesting systems market report table of contents includes:
1. Executive Summary
2. Rainwater Harvesting Systems Market Characteristics
3. Rainwater Harvesting Systems Market Trends And Strategies
4. Rainwater Harvesting Systems Market – Macro Economic Scenario
5. Global Rainwater Harvesting Systems Market Size and Growth
..
32. Global Rainwater Harvesting Systems Market Competitive Benchmarking
33. Global Rainwater Harvesting Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Rainwater Harvesting Systems Market
35.Rainwater Harvesting Systems Market Future Outlook and Potential Analysis
36. Appendix
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