Rainwater Harvesting Systems Market 2024: Size, Share, Future Demand And Research Report To 2033

The new report published by The Business Research Company, titled ""Rainwater Harvesting Systems Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Addressing Rising Water Scarcity Through Rainwater Harvesting Systems
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.

Innovative Residential Solutions In Rainwater Harvesting Systems Market
Major companies operating in the rainwater harvesting systems market are increasing their focus on developing advanced solutions and products, such as new residential rainwater harvesting systems, to gain a competitive edge in the market. These systems are designed to capture and store rainwater from rooftops or other surfaces for later use in domestic applications, such as drinking, washing, and bathing, and typically consist of collection surfaces, conveyance systems, storage volumes, and distribution systems. For instance, in February 2023, Stormsaver Ltd., a UK-based company specializing in rainwater harvesting, launched two new residential rainwater harvesting systems. This system features a variety of capacities, such as an internal break tank for water safety, a Type AB air gap for preventing backflow, an integrated twin booster set for maintaining water pressure, and glass-reinforced plastic (GRP) construction for durability. These technological developments enhance usability and compliance and contribute to water conservation, cost savings, and environmental sustainability in the rainwater harvesting systems market, making them attractive for residential applications.

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

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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.

Contents of the report:
1. Executive Summary
2. Rainwater Harvesting Systems Market Report Structure
3. Rainwater Harvesting Systems Market Trends And Strategies
4. Rainwater Harvesting Systems Market - Macro Economic Scenario
5. Rainwater Harvesting Systems Market Size And Growth
…..
27. Rainwater Harvesting Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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