The latest report published by IMARC Group, titled “Rainwater Harvesting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on rainwater harvesting market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global rainwater harvesting market size reached US$ 1,469 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,886 Million by 2028, exhibiting a growth rate (CAGR) of 4.17% during 2023-2028.
Rainwater harvesting is a sustainable method for collecting, storing, and utilizing rainwater for various purposes. The system primarily consists of catchment areas, such as rooftops or other surfaces, which direct rainwater into storage tanks via gutters and pipes. The collected water can be used for non-potable purposes, such as irrigation, flushing toilets, and cleaning, or it can be treated for potable uses, including drinking and cooking. Rainwater harvesting serves dual purposes, it provides an alternative source of water, reducing reliance on traditional water supplies, such as wells and municipal systems, and it helps manage stormwater runoff, thereby lessening the risk of flooding and soil erosion. This method is particularly beneficial in regions with irregular rainfall or limited water resources. By harnessing the natural water cycle, rainwater harvesting promotes water conservation and fosters environmental sustainability.
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Market Trends:
The global market is majorly driven by the increasing scarcity of water resources globally. As water stress intensifies, the need for alternative water sources, such as rainwater, becomes more urgent, propelling the market’s potential. The heightened environmental awareness is also supporting the growth of the market as the eco-friendly nature of rainwater harvesting systems makes them increasingly appealing to both residential and commercial consumers. Besides, government initiatives and incentives also play a significant role in promoting rainwater harvesting techniques. Several regions offer tax benefits, rebates, or subsidies to encourage the installation of such systems, thereby stimulating market growth. Additionally, ongoing technological advancements have led to more efficient, cost-effective, and user-friendly rainwater harvesting solutions. Also, increased urbanization and construction activities provide yet another growth opportunity for the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Kingspan Group
- Watts Water Technologies, Inc.
- Graf Group
- WISY AG
- Innovative Water Solutions LLC
- D&D Ecotech Services
- Rain Harvesting Supplies, Inc.
- Water Field Technologies Pvt. Ltd
- Stormsaver, Climate Inc.
- Water Harvesters
- Heritage Tanks
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Rainwater Harvesting Market Segmentation:
Our report has categorized the market based on region, harvesting method and end-user.
Breakup by Harvesting Method:
- Above Ground
- Underground
Breakup by End-User:
- Commercial
- Residential
- Industrial
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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