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The rainwater harvesting systems market size is estimated to grow at a CAGR of 9.45% between 2023 and 2027. The market size is forecast to increase by USD 826.16 million. The growth of the market depends on several factors such as an increase in water consumption worldwide, growing water scarcity globally, and a rise in residential construction activities.
This rainwater harvesting systems market report extensively covers market segmentation by end-user (non-residential and residential), application (surface-based and rooftop-based), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increase in water consumption worldwide is the key factor driving the growth of the market. Water consumption has increased globally in recent years due to population growth and increasing use of water in various industries such as agriculture, chemical, and others. Initially, rainwater harvesting systems were not integrated into buildings. This is mainly due to a lack of awareness among planners and decision-makers, but new policies have been implemented that mandate the installation of rainwater harvesting systems as an integral part of construction.
Moreover, the amount of water available per capita is decreasing year by year. This decline is due to over-pumping, a rapidly growing population, and an exponential increase in water demand. Water availability per capita has decreased significantly and is expected to decrease further with growth in the population. With the population growth of Qatar, Oman, South Africa, India, China, etc., along with comprehensive development, the consumption of water has risen and is likely to grow at a fast pace during the forecast period.
The emergence of smart cities and green buildings is the primary trend in the market. Governments of different countries have taken various initiatives to develop smart cities. Green building is a concept that deals with activities primarily aimed at reducing environmental impact through an efficient design, construction, and maintenance framework. Currently, most technologies are focused on greener construction. However, new innovations are emerging aimed at reducing waste and environmental degradation. One of the best examples of green building practices is rainwater harvesting. Private and public organizations promote the concept of green building. The number of green buildings worldwide is increasing dramatically.
Moreover, with the emergence of smart cities, the adoption of green technologies, such as renewable energy, rainwater harvesting, etc., is increasing rapidly as smart cities are built upon the green building concept. Rainwater collection is a very popular technique in green buildings. Hence, these factors will drive the growth of the global rainwater harvesting systems market during the forecast period.
Uneven distribution of rainfall and lack of awareness of rainwater harvesting is the challenge that affects the growth of the market. On average, rainfall is limited to one-third of the number of days in a year across the world. More than three-fourths of the rainfall occurs during these days. Favorable monsoons lead to a booming economy. However, the weak monsoon led to widespread agricultural damage, hampering economic growth. Rainfall is also difficult to predict and there is an uneven distribution of rainfall in some countries.
Additionally, the erratic nature of rainfall coupled with a lack of knowledge about rainwater harvesting is hindering the growth of the market. Moreover, people living in urban areas often find rainwater collection available to the less fortunate. Thus, such factors will impede the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Rainwater Harvesting Systems Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Barr Plastics Inc.: The company offers rainwater harvesting which includes the Graf Belowground rainwater harvesting system which controls stormwater runoff.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The non-residential segment is estimated to witness significant growth during the forecast period. The global non-residential rainwater harvesting systems market is expected to grow at a moderate rate due to the increase in the installation of rainwater harvesting systems in the non-residential sector such as commercial and industrial segments.
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The non-residential segment was the largest segment and was valued at USD 765.38 million in 2017. Governments around the world have taken steps to make their countries a global tourism hub and have announced various initiatives to boost the tourism and hospitality industries. The growth of the global tourism and hospitality industry will increase the demand for water. Given the availability of customization and the availability of packaged and cost-effective prefabricated units, demand for rainwater harvesting systems in this segment is expected to grow during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The increase in disposable income per capita in North America is a major factor in the growth of the rainwater harvesting systems market. The high spending power of consumers, especially in the US, led them to early adopt residential rainwater harvesting systems. Many North American countries and their states have mandatory rainwater collection regulations, especially in areas where insufficient rainfall and water scarcity are a major concern. The increase in the number of such mandates by governments in the region has fueled the need for rainwater harvesting systems.
The outbreak of COVID-19 in 2020 negatively affected the economies of various countries in North America, especially in the US. However, COVID-19 prevention measures recommended by WHO and state governments, such as washing hands 5-6 times a day for those staying at home owing to the implementation of containment measures to prevent the spread of COVID-19 in the region, have resulted in higher water consumption. Furthermore, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of manufacturing facilities and warehouses of regional market players. Hence, the rising demand for water for carrying out activities, such as irrigation and manufacturing, has led to an increase in the adoption of rainwater harvesting systems in the region.
The rainwater harvesting systems market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Rainwater Harvesting Systems Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
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Market growth 2023-2027 |
USD 826.16 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.95 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key countries |
US, China, India, Germany, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Barr Plastics Inc., DandD Ecotech Services, Ecozi Ltd., HarvestH2o, Heritage Water Tanks, Innovative Water Solutions LLC, Kingspan Group Plc, Metroll, Molloy Precast Products Ltd., Oasis Water Harvesting, Osmosis Autopump India Pvt. Ltd., Otto Graf GmbH Kunststofferzeugnisse, RainHarvest Systems LLC, Rainwater Connection, Stormsaver Ltd., Vareo Blu Ltd, Water Field Technologies Pvt. Ltd., Water Harvesting Solutions Inc., Watts Water Technologies Inc., and WISY AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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