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The rainwater harvesting systems market size is forecast to increase by USD 891.1 million at a CAGR of 9.45% between 2023 and 2028. The rainwater harvesting systems market is experiencing significant growth due to several influential factors. Firstly, the global increase in water consumption continues to escalate, making rainwater harvesting an essential solution for sustainable water management. Secondly, water scarcity is a pressing issue worldwide, driving the demand for rainwater harvesting systems as a reliable alternative water source. Lastly, the surge in residential construction activities necessitates the integration of rainwater harvesting systems to ensure water efficiency and reduce reliance on municipal water supplies. These factors collectively contribute to the expansion of the rainwater harvesting systems market.
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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, 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 market during the forecast period.
The non-residential segment is estimated to witness significant growth during the forecast period. The global non-residential market is expected to grow at a moderate rate due to the increase in the installation of these 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 791.40 million in 2018. 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. Given the availability of customization and the availability of packaged and cost-effective prefabricated units, demand for these systems in this segment is expected to grow during the forecast period.
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North America is estimated to contribute 40% 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 market. The high spending power of consumers, especially in the US, led them to early adopt residential systems. Many North American countries and their states have mandatory rainwater collection regulations, especially in areas where insufficient rainfall and scarcity are a major concern. The increase in the number of such mandates by governments in the region has fueled the need for these systems.
Rainwater harvesting has emerged as a critical solution in addressing water scarcity issues, particularly in developed nations. The agricultural sector, farmers, industrial units, factories, commercial spaces, and power generation sectors have increasingly adopted rainwater harvesting systems. These systems enable the collection and storage of rainwater for various uses, including irrigation, industrial processes, and emergency water supply. The market for rainwater harvesting systems has gained significant traction due to climate change and the need for urban resilience. Commercial buildings, often equipped with gutters and pipes, are significant consumers of rainwater harvesting systems. Municipal bodies also play a crucial role in promoting rainwater harvesting through incentives and the implementation of centralized drainage systems. Stormwater runoff is another critical area where rainwater harvesting systems can make a difference.
By harvesting stormwater runoff, groundwater levels can be maintained, and aquifers can be recharged. Rainwater storage tanks have become an essential component of rainwater harvesting systems, providing a reliable source of water for various applications. In conclusion, the rainwater harvesting market continues to grow, driven by the increasing demand for water in various sectors and the need for sustainable water management solutions. The harvesting method, whether for the commercial, residential, or industrial sector, plays a vital role in ensuring water security and reducing the strain on traditional water sources. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges 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. Consumption has increased globally in recent years due to population growth and increasing use in various industries such as agriculture, chemical, and others. Initially, these 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 these systems as an integral part of construction.
Moreover, the amount available per capita is decreasing year by year. This decline is due to over-pumping, a rapidly growing population, and an exponential increase in demand. 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, consumption has risen and is likely to grow at a fast pace during the forecast period.
Uneven distribution of rainfall and lack of awareness of these 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 these 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.
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 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 15 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.
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The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Rainwater harvesting systems have gained significant attention in recent times due to the increasing water scarcity and the need for sustainable water management solutions. These systems collect and store rainwater for later use, reducing the dependence on municipal water supplies and helping conserve water resources. The market for rainwater harvesting systems is driven by various factors, including growing water scarcity, increasing awareness about water conservation, and government initiatives to promote rainwater harvesting. The systems find applications in both residential and commercial sectors, with the former being the major contributor to the market's growth. The rainwater harvesting market comprises various components, including rainwater collection systems, storage tanks, filtration systems, and pumps. The collection systems include rooftop harvesting, surface harvesting, and groundwater harvesting. The storage tanks come in various materials, such as plastic, concrete, and stainless steel. The filtration systems ensure the water is free from impurities and contaminants, making it safe for use.
Pumps help in transporting the harvested water to various points of use. The market for rainwater harvesting systems is expected to grow at a steady pace in the coming years due to the increasing demand for sustainable water management solutions. The systems offer several benefits, including reducing water bills, ensuring a constant water supply, and helping in water conservation. With governments and organizations promoting rainwater harvesting, the market for these systems is expected to witness significant growth in the future. In conclusion, rainwater harvesting systems are a sustainable and cost-effective solution for water management, and the market for these systems is expected to grow steadily in the coming years due to the increasing demand for sustainable water management solutions.
Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
Market growth 2024-2028 |
USD 891.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.42 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key countries |
US, China, Germany, India, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 |
Market dynamics |
Parent market analysis, market growth and trends, Market forecasting, 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 the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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