US Stormwater Management Market to Reach $ 7.9 Billion by 2023
Increasing occurrences of tornadoes,
hailstorm and hurricanes coupled with aging water collection systems to drive
United States stormwater management market through 2023
According
to TechSci Research report, “United States Stormwater Management Market By Tool, By
Application, Competition Forecast & Opportunities, 2013 – 2023”,
United
States stormwater management market is projected to reach $ 7.9 billion by 2023,
owing to rising level of precipitation, intense floods and storms in the
country. Increasing number of government regulations aimed at efficiently
managing wastewater and stormwater, in addition to aging water collection
systems and presence of traditional gray infrastructure, is expected to fuel
the stormwater management market during forecast period. Contech Engineered Solutions LLC,
Forterra Inc., Advanced Drainage Systems, Inc. and AquaShield, Inc. are
some of the leading players operating in the US stormwater management market.
Browse 14 market data Figures and Tables spread through 57 Pages and an in-depth TOC on "United States Stormwater Management Market"
https://www.techsciresearch.com/report/united-states-stormwater-management-market/3715.html
Growing urbanization and strong growth of the
industrial sector are increasing the level of contamination in freshwater
sources. With increasing government focus on boosting the level of groundwater
and minimizing land losses due to heavy rainfall and floods, stormwater
management market is expected to register strong growth in the country over the
coming years. Moreover, Stormwater Grant Program launched in 2017, under which $
7.5 billion were allocated for surface and groundwater storage, ecosystem and
watershed protection and restoration and drinking water protection, and second
phase of the program, which would be implemented in 2019, under which $ 200
million would be allocated for stormwater treatment facilities, is expected to aid
the country’s stormwater management market.
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“Occurrences
of Hurricane Harvey, Hurricane Irma and other natural disasters in the country
and heavy land and life losses associated with natural disasters are expected
to stir the demand for stormwater management in United States. Innovative
technologies such as LIDs, increasing focus on green stormwater management
strategies and rising focus towards green roofs, as they look aesthetically
beautiful and offer a sustainable option, are expected to positively influence
United States stormwater management market over the course of next five
years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“United States Stormwater Management
Market By Tool, By Application, 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 take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in United States stormwater management market.
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