India Rainwater Harvesting Equipment Market to Grow at Steady Rate During Forecast Period
Growing population and
increasing demand for clean water to drive India rainwater harvesting equipment
market through 2024
According to
TechSci Research report, “India Rainwater Harvesting
Equipment Market By Type, By Method, By Components, By End Use, Competition, Forecast &
Opportunities, 2024” the India rainwater
harvesting equipment market is expected to grow at a steady CAGR during the
forecast period owing to the growing demand for clean water. Additionally, due
to industrialization and urbanization the existing water sources are getting highly
polluted, thus there is a need to store the fresh rainwater. Moreover, the
emergence of smart cities and green buildings is one of the key trends in the
rainwater harvesting equipment market. Further, the increasing government
support and initiatives in promoting rainwater harvesting is anticipated to fuel
growth of the market in the coming years. However, long return on investment
period is likely to hamper the growth of the market during forecast period.
Additionally, the system requires regular maintenance, which is also obstructing
the growth of the market.
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The India
rainwater harvesting equipment market is segmented based on type, method, component, end use,
region and company, region and company. Based on type,
the market can be divided into above ground and underground. The above ground
segment is expected to dominate the market since this is a simple, effective,
efficient and cost-effective method used for storing large quantities of water.
Based on method, the market can be bifurcated into traditional and modern. The
modern segment is expected to register significant growth during forecast
period, owing to the growing awareness and popularity among population and
increasing technological advancements. Based on component, the market can be
categorized into gutters, conduit, first flushing, filter, storage tanks, recharging
structure and others. The storage tanks are expected to hold significant market
share attributable to their ease of availability and installation.
Additionally, they are affordable and can store large quantity of water.
Enviro Engineers
Pvt. Ltd., Adept Water Technologies Inc., Water Field Technologies Private
Limited, D&D Ecotech Services, KRG India Research Centre for Rainwater Harvesting
& Environment, N.S. Associates Pvt Ltd, Osmosis India Pvt. Ltd., Farmland
Rainwater Harvesting System, Era Hydrobiotech Energy Pvt. Ltd., Aquascape India
Private Limited and others are some of the leading players operating in India rainwater
harvesting equipment market. The companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share. For instance, one such advancement or a new product is harvesting
rainwater with modules made up of plastics. These modules are flexible in
shape, provide durability and strength for long period of time and can also be
used for storm-water detention.
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“India is one of
the largest and fastest growing markets in the APAC region and is expected to
create huge opportunities for the rainwater harvesting equipment market owing
to the growing water scarcity problems and droughts in the country. Further, the
Indian government has made it compulsory for all the existing or upcoming
commercial and institutional buildings to have a rainwater harvesting system
installed, which would further steer growth in the market in the coming years.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“India Rainwater Harvesting Equipment Market By
Type, By Method, By Components, By End Use, Competition,
Forecast & Opportunities, 2024” has evaluated
the future growth potential of India rainwater harvesting equipment market and
provides statistics & 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 India rainwater harvesting equipment market.
Contact
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