Press release
Rainwater Harvesting Market to Witness Robust Expansion by 2023
Rainwater harvesting is the accumulation and deposition of rainwater for reuse on-site, rather than allowing it to run off. Rainwater can be collected from rivers or roofs, and in many places the water collected is redirected to a deep pit (well, shaft, or borehole), a reservoir with percolation, or collected from dew or fog with nets or other tools. Its uses include water for gardens, livestock, irrigation, domestic use with proper treatment, and indoor heating for houses etc. The harvested water can also be used as drinking water, longer-term storage and for other purposes such as groundwater recharge.
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Global Rainwater Harvesting Market: Forecast by Type / Application / Region
In the coming years there is an increasing demand for Rainwater Harvesting in the regions of United States that is expected to drive the market for more advanced Rainwater Harvesting. Growth in government budgets in the principal countries, increasing of commercial fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on irrigation industry, retrofitting and renovation of old technology, increasing adoption of rainwater harvesting will drive growth in United States markets.
The Revenue of Rainwater Harvesting is related to downstream industries and United States economy. As there will always be some uncertain in the United States economy in the following years, the growth rate of Rainwater Harvesting industry may not keep that fast. But it is surely forecasted that the market of Rainwater Harvesting is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
Over the next five years, LPI(LP Information) projects that Rainwater Harvesting will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Rainwater Harvesting Market: Key Players
Rainwater Management Solutions
Caldwell Tanks
CST Industries
Norwesco
Snyder
BUSHMAN
Pioneer Water Tanks
Lakota Water Company
BRAE
Wahaso
ROTH North America
Innovative Water Solutions
Mountain & Mesa Construction
BH Tank
The RainCatcher
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Related Information:
United States Rainwater Harvesting Market Research Report 2018
Europe Rainwater Harvesting Market Research Report 2018
North America Rainwater Harvesting Market Research Report 2018
Asia-Pacific Rainwater Harvesting Market Research Report 2018
China Rainwater Harvesting Market Research Report 2018
EMEA Rainwater Harvesting Market Research Report 2018
Global Rainwater Harvesting Market Research Report 2018
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𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: Rainwater Harvesting Market size was valued at USD 878.84 Million in 2020 and is projected to reach USD 1,356.95 Million by 2028, growing at a CAGR of 5.4% from 2021 to 2028.
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