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Rain Water Harvesting Systems Market Growth by Top Companies, Region, Application, Driver 2031
Rain Water Harvesting Systems Market
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Other demand drivers include decreasing freshwater availability, increased usage in agriculture, and rising commercial spaces across various countries. While measures are being put in place to derive potable water from rain water harvesting, it is cited as a dependable source for various non-potable uses as well.
Key Takeaways from Market Study
Rain water harvesting is gaining prominence as urbanization is taking shape. In emerging markets, these systems are being adopted as a means for water conservation due to the onset of the global water crisis and uneven rainfall patterns.
Various government regulations are being formulated and system usage is being monitored to ensure that concerned areas have installed rain water harvesting systems, especially for new building retrofits.
The U.S. is positioned as the top nation in the global market, with the highest market value share. Demand in the U.S. will increase at over 5% CAGR over the next ten years.
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In 2021, the market in Japan grew 5.8% year-on-year, bucking initial scepticism about how the market would perform during a global pandemic.
Underground rain water harvesting systems (also popularly known as wet systems) are poised for lucrative growth over the forecast period.
Cost feasibility and annual water compatibility are key factors leading to their high adoption rate, especially in residential areas.
The market for application in the commercial area is expected to create an absolute dollar opportunity of US$ 560 Mn from 2021-2031.
Rain water harvesting systems in commercial spaces such as public institutions, shopping malls, offices, hotels & restaurants, and other centres are expected to pick up, as these places have a trend of increasing water usage, for both, potable as well as non-potable purposes.
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Rain Water Harvesting Systems Market Key Players:
• Kingspan Group PLC
• Graf Group
• WISY AG
• Stormsaver Ltd
• Ecozi Ltd
• Molloy Precast Products Ltd.
• D&D Ecotech Services
• N.S. & Associates
• Water Harvesters
• Barr Plastics Inc
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