Increasing Number of High Intensity Floods and Rainfall to Boost South America Stormwater Management Market
Aging water collection systems,
increasing number of natural disasters and growing adoption of advanced water
management systems to drive South America stormwater management market through
2023
According to TechSci Research report, “South America Stormwater Management Market By Tool, By Application, By Country,
Competition Forecast & Opportunities, 2013 – 2023’’, stormwater management market in South
America is forecast to reach $ 1.32 billion by 2023, owing to rising number of
high precipitation, intense floods and storms, and increasing regulations aimed
at efficiently managing wastewater and stormwater. Continuous increase in
population has raised the consumption of water. To cater the demand for fresh
water, both private and public water managing companies are shifting their
focus towards the management of surface run off. Moreover, growing urbanization
and strong growth of the industrial sector are increasing the level of
contamination in freshwater sources. With growing focus of governments on
increasing the level of groundwater and minimizing land losses due to heavy
rainfall and flood, South America stormwater management market is expected to
register strong growth over the coming years.
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Stormwater management majorly finds
application in municipal, industrial and commercial sectors. Municipal sector accounts
for the dominating share in South America stormwater management market, on the
back of increasing number of government regulations to minimize the pollution
and make efficient use of stormwater. Additionally, government standards and
guidelines to include stormwater management in building guidelines and urban
planning, majorly in developed economies, are expected to boost the application
of stormwater management services in various sectors. Increasing investments
and growing technological advancements to upgrade water management
infrastructure have shifted the governments and private companies’ focus to
stormwater management as compared to conventional methods of water and
wastewater management.
On the basis of tools, South America
stormwater management market is segmented into grassed swales, rain gardens,
pervious pavement, green roofs and others. Grassed swales is the major tool
which is widely used in stormwater management, backed by their easy
construction, maintenance and high efficiency in collection of stormwater along
roadside, bridges and other areas.
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“Brazil leads the South America stormwater
management market, owing to stringent government regulations and availability
of advanced technological tools for stormwater management in the region. The
rising water contamination levels and reduction in freshwater sources have
propelled the need of sustainable stormwater usage techniques. Furthermore, in
developing countries, rising government initiatives and investments to build
sustainable infrastructure and to improve groundwater level & quality would
drive the demand for stormwater management.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“South America Stormwater Management Market By Tool, By
Application, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth
potential of stormwater management market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers to take sound
investment decisions. Besides, the report also identifies and analyses the
emerging trends along with essential drivers, challenges and opportunities in South
America stormwater management market.
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