Rainwater Harvesting Market to increase rapidly by 2024

Global Rainwater Harvesting Market: Overview

Countries all across the globe are realizing the pronounced need to save water as the world faces a severe water crisis. Reasons for this are plenty, including the rapidly depleting sources of water available presently, the mounting global population, and the flourishing industrial sector, and infrequent rainfalls. Finding ways to effectively manage and conserve rainwater, as it is the only way of receiving natural water, has thus become imperative for the world. The scenario has led to an increased focus on the field of rainwater harvesting in the past few decades as it is one of the most effective methods of water conservation and management. Countries across the globe are ramping up efforts to effectively harvest rainwater to provide their populations and industries with sustainable supply of water.

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Rainwater harvesting involves many techniques of collecting and storing rainwater at surface or sub-surface formations, before the water is lost as surface run off. The collected water can be used in times of need later on.

This report on the global rainwater harvesting market presents an extensive picture of the past and present status of the market with the help of thorough qualitative and quantitative data pertaining to key market segments. The report gives actionable forecast regarding the growth prospects of major market elements. Information thus included in the report provides readers an easy understanding of the growth opportunities and threats of the market. An overview of regulatory factors at play in deciding the overall growth of the rainwater harvesting market has also been included in the report.

Global Rainwater Harvesting Market: Drivers

The major drivers of the global rainwater harvesting include the pressing need for overcoming the rising scarcity of surface water and the rising demand for clean water; arresting the declining levels of ground water; and increasing the infiltration of rainwater into subsoil, which has drastically declined in urban areas as open areas are being rapidly paved up.

The high applicability of harvested rainwater across industrial, domestic, and agricultural sectors is also a major driver of the global rainwater harvesting market. The trend of recharging groundwater artificially with the help of rainwater harvesting is also gaining increased popularity and is significantly boosting the global rainwater harvesting market.

Global Rainwater Harvesting Market: Segmentation

The two key types of rainwater harvesting processes include roof-based harvesting and land-based harvesting. The major end users and practitioners of rainwater harvesting can be segmented into three major categories: Industrial, commercial, and domestic. Of these, the commercial sector is currently the leading contributor to the global rainwater harvesting market and is expected to dominate the market over the forecast period as well. As commercial infrastructure such as office buildings, hospitals, and commercial building complexes have huge roofs, they can collect large quantities of water that can be harvested with proper management and storage systems.

Rising awareness regarding the issue of water scarcity is motivating developers of commercial building spaces to install rainwater collection systems during the construction of the building itself or retrofitting such systems later in the constructions’ workable life.

Over the forecast period, the industrial sector is expected to be a major driver of the rainwater harvesting market. Companies, especially in water-intensive industries such as manufacturing, have started realizing the importance of effectively managing their water resources to keep up with increased production requirements amid infrequent water supply and uncertain water shortages.

Global Rainwater Harvesting Market: Region-wise Outlook

Of the key regional markets for rainwater harvesting examined in the report, North America is expected to emerge as the leading regional market over the forecast period. The market for rainwater harvesting in the region will benefit from stringent regulations pertaining to the proper usage of water in the industrial sector and rapid growth in urbanization and industrialization in the region. The emerging economies of Asia Pacific also present many untapped opportunities, which vendors can capitalize on to gain the lion’s share in the market. Furthermore, rapid expansion reported by the industrial and commercial sectors in this region boosts the potential of adopting innovative resource-saving schemes such as rainwater harvesting.

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