The Rainwater Harvesting System Market accounted for USD 1,811 Million in 2020 and is expected to reach more than USD 3,343 Million by 2028, growing at a CAGR of 8.6% from 2021 to 2028. Rainwater Harvesting System industry by Type, End-user and Region.
Rainwater Harvesting System Market
The Rainwater Harvesting System Market accounted for USD 1,811 Million in 2020 and is expected to reach more than USD 3,343 Million by 2028, growing at a CAGR of 8.6% from 2021 to 2028.
Rainwater harvesting system collects and stores rainwater for human use. Rainwater harvesting systems range from simple rain barrels to more elaborate structures with pumps, tanks, and purification systems. The non-potable water can be used to irrigate landscaping, flush toilets, wash cars, or launder clothes, and it can even be purified for human consumption. With water scarcity a pressing problem for many densely populated regions, rainwater harvesting systems can supply households and businesses with water for use in dry seasons and lessen the demand on municipal systems.
In an era of the COVID-19 pandemic, the Water Supply, Sanitation and Hygiene (WASH) sector is gaining much more (deserved) attention due to its importance in containing and mitigating the spread of the deadly virus. However, rain water harvesting system market did not witness any negative impact in term of growth perspective. The market continued experiencing steady growth as earlier year.
In fact, the market witnesses a significant growth in the demand for rain water harvesting system in some part of the world especially in Asia Pacific and Europe. The growth is primarily driven by the growing awareness among end-users regarding the spread of the infection through river and other water bodies. This has encouraged people to start harvesting rain water for daily use and gardening. In some of the Indian state including Karnataka and Kerala, people have started installing rooftop rain harvesting system due to scarcity of water and meet the water demand in the future due to depleted ground water level and shortage in the supply of municipal water.
Emerging economies are late adopters when it comes to innovation and technology. Rapid industrialization and urbanization have increased the demand for a range of products that efficient, cost-effective, and time-efficient. In addition to this, the global market is 7witnessing strong demand for various raw material required in the construction industry such steel, cement, glass, building block, steel joist, chemicals, paper, and ceramics, among others. Construction workers rely on Rainwater Harvesting Systems to carry and transport heavy building materials to certain distances and even on rough terrain. In construction sites, Rainwater Harvesting Systems serve both as lifting equipment and a vehicle. Rainwater Harvesting Systems are best used in unloading pallets of blocks/bricks, steel joists, and construction equipment and materials, especially in hauling them from the delivery truck and carrying them to the site.
Rainwater Harvesting System Market Report Scope :
|Report Attributes||Report Details|
|Report Name||Rainwater Harvesting System Market Research Report|
|Market Size in 2020||USD 1,811 Million|
|Market Forecast in 2028||USD 3,343 Million|
|Compound Annual Growth Rate||CAGR of 8.6%|
|Number of Pages||183|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||ICI Services Corporation, Lockheed Martin Corporation, Leonardo-Finmeccanica, Raytheon Company, Thales Group, Elbit Systems Ltd, DCS Corporation, Qinetiq Group, Saab AB and BAE Systems|
|Segments Covered||By Type, By End-user and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2018 - 2022|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Type segment held a substantial share in 2020. By system, the market is categorized into land-based harvesting and roof-based harvesting. Wherein, land-based harvesting is holding the largest market share. In arid and semi-arid regions of the world, water is the limiting factor for food production; especially in areas where rain-fed agriculture dominates. Rainwater harvesting systems have the potential to provide a sustainable source of water, while helping to achieve food security, combat soil erosion and flood hazards, simultaneously, if designed correctly.
These systems can also be used for storm water management and flood control in areas with a high and unpredictable rainfall rate. Additionally, they can be applied as an erosion control mechanism. However, in spite of their potential, the implementation of these techniques is not as widely distributed amongst farmers as it should be, due to a lack of technical know-how, socio-economic and policy factors, as well as a lack of community participation in the development and implementation of occurring projects.
By end use, the global rain water harvesting market is segmented into industrial, commercial and residential. Wherein, the commercial segment is dominating the market on account of largescale adoption of complex harvesting systems. Two types of rain water harvesting systems namely rooftop and ground systems are used for residential applications, wherein, roof top segment holds the major market share. The commercial use of rainwater harvesting systems is intended to using the harvested water for non-potable purposes (though, the businesses may use the system for obtaining drinking water too).
By region, the global rain water harvesting system market is segmented into Europe, North America, Asia Pacific, Middle East, and Latin America. Wherein, Europe is holding the largest market share.
Europe has emerged as the largest market for rainwater harvesting system on account of widescale adoption of the rainwater harvesting. In addition to this, several countries in the Europe have made it mandatory to install such systems, especially in commercial building and industrial places to counter the problem of freshwater shortage. On the other hand, Asia Pacific is projected to continue growing at the fastest CAGR as result of rapidly growing efforts from state and federal governments. In addition to this, several countries in the region are already facing water crises, which have compelled them to utilize most advanced systems for harvesting rainwater, especially in Singapore, Thailand, the Philippines, and China.
Some of key players in Rainwater Harvesting System Market are Kingspan Group PLC, Graf Group, WISY AG, Stormsaver Ltd, Ecozi Ltd, Molloy Precast Products Ltd., D&D Ecotech Services, N.S. & Associates, Water Harvesters, Barr Plastics Inc, are among others.
The Rainwater Harvesting System Market is segmented as follows:
the Rainwater Harvesting System Market was valued at USD 1,811 Million in 2020.
the Rainwater Harvesting System Market is expected to reach USD 3,343 billion by 2028, growing at a CAGR of 8.6% between 2021 to 2028.
some of the key factors driving the Rainwater Harvesting System Market growth are increasing in construction activities and Rapidly Expanding E-Commerce Industries.
Europe held a substantial share of the Rainwater Harvesting System Market in 2020. Asia pacific is expected to grow rapidly in the coming years.
some of key players in Rainwater Harvesting System Market are Kingspan Group PLC, Graf Group, WISY AG, Stormsaver Ltd, Ecozi Ltd, Molloy Precast Products Ltd., D&D Ecotech Services, N.S. & Associates, Water Harvesters, Barr Plastics Inc, are among others.