Stormwater Green Infrastructure Market to dominated by Municipal sector till 2026
Improving living standards
and growing demand for sustainable water treatment methods are expected to
drive the demand of the global stormwater green infrastructure market for the
forecast period.
According to TechSci Research report, “Stormwater
Green Infrastructure Market - Global Industry Size, Share, Trends,
Opportunity and Forecast, 2016-2026, Segmented By Type (Rainwater Harvesting,
Grassed Swales, Rain Gardens, Pervious Pavement, Green Roofs, Green Parking,
Others), By Segment (Stormwater Management Tools, Maintenance Service), By
Application (Municipal, Commercial and Industrial) and By Region”, the
global stormwater green infrastructure market is expected to grow at a rate of
steady CAGR for the forecast period, 2022-2026. The rapid rise in the level of
stormwater is a significant contributing factor for the growing water pollution
in the city premises. The storm waters consist of heavy water, bacteria, trash,
and other harmful pollutants, which deteriorates the water quality present in
local waterways. The major cause of stormwater is the heavy rainstorm which can
cause flooding and damage property and infrastructure. The gray stormwater
infrastructure was installed previously in the cities to efficiently manage the
flow of stormwater and consists of gutter, pipes, and tunnels to move the
stormwater away from the cities to treatment plants or other water bodies. The
gray stormwater is aging and cannot handle the growing volume of stormwater
with its present capacity that is generating the need for the adoption of
advanced stormwater infrastructure. Green infrastructure lowers the stormwater
discharges and can also treat the stormwater that is not retained. Stormwater
green infrastructure boosts the groundwater quality and quantity with the help
of sustainable solutions, including green roofs, green parking, rain gardens,
bioswales, permeable pavements, urban tree canopy, among others, is expected to
accelerate the market demand. Rain gardens enhance the aesthetics of the
neighborhood and property and lower the occurrence of local flooding in the
area. It improves the groundwater recharge and the infiltration and provides
safety to the pedestrians by offering them place to walk.
However, a lack of awareness about the benefits of
stormwater green infrastructure and initial capital costs may restrain the
global stormwater green infrastructure market for the forecast period.
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Global
stormwater green infrastructure market is segmented into type, segment,
application, regional distribution, and company. Based on the type, the market
is divided into rainwater harvesting, grassed swales, rain gardens, pervious
pavement, green roofs, green parking, others. The rainwater harvesting segment
type is expected to account for significant market share for the forecast
period, 2022-2026. It is the most common technique and is also cost-effective.
Rainwater harvesting systems lower stormwater pollution by collecting and
slowing down the rainfall for later use. Building cisterns to ground level
pits, nets, barrels, or other water-holding containers to collect the rainwater
to prevent the occurrence of stormwater is bolstering the market demand.
Based
on application, the market is divided into municipal, commercial, and
industrial. The municipal application segment is expected to dominate the
global stormwater green infrastructure market for the next five years. The
increase in the technological advancements for efficiently managing stormwater
and the rise in the investments by the leading authorities is driving the
demand for green infrastructure in the municipal sector. The surge in focus by
the leading authorities to devise the ways for efficient use of stormwater and
the introduction of stringent regulations to reduce the water pollution in the
urban areas is expected to accelerate the demand of global stormwater green
infrastructure market for the next five years. Tetratech, Enviroscience, Inc.,
Apex Companies, LLC, Advanced Drainage Systems Inc., Forterra Inc., Contech
Engineered Solutions, Resource Environmental Solutions LLC, Strand Associates,
Nitsch Engineering, AquaShield, Inc. are the leading players operating in global
stormwater green infrastructure market. Manufacturers are increasingly focusing
on research and development process to fuel higher growth in the market.
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“The
growing adoption of green stormwater infrastructure across the globe due to the
several benefits offered, including cost-effective solutions, boost the
economy, and create job opportunities for maintenance and construction jobs.
Stormwater green infrastructure also increases the green vegetation area and
public recreational spaces and reduces the effect of wind and water pollution
in the cities. Additionally, stringent government regulations and the rise in
the initiatives taken by the leading authorities to build environment-friendly
infrastructure and enhance the groundwater level quality coupled with huge
investments are expected to propel the global stormwater green infrastructure
market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Stormwater Green
Infrastructure Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2016-2026, Segmented By Type
(Rainwater Harvesting, Grassed Swales, Rain Gardens, Pervious Pavement, Green
Roofs, Green Parking, Others), By Segment (Stormwater Management Tools,
Maintenance Service), By Application (Municipal, Commercial and Industrial) and
By Region” has evaluated the future growth potential of global stormwater
green infrastructure market and provided statistics & information on market
size, shares, 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 the of global stormwater
green infrastructure market.
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