Municipal Segment is Expected to Dominate the North America Stormwater Management Market During the Forecast Period
Government
projects along with changes in weather patterns are expected to drive the North
America Stormwater Management market growth during the forecast period.
According to TechSci Research report, “North America Stormwater Management Market
- By Region, Competition Forecast & Opportunities, 2018-2028,” the
North America Stormwater Management Market is expected to register a robust CAGR during the
forecast period, 2023-2028.
The mission of the Stormwater Management Division is
to facilitate stormwater drainage and water quality improvement to improve
public safety, improve public health and raise public awareness. Stormwater is
the water that falls to the ground when it rains or snows. A natural surface
through which water seeps or soaks into the ground. But on paved surfaces there
is surface runoff. Surface runoff flows into the nearest pond or stream, or
into inlets such as storm drains. Dirt from the soil is carried down the
drains, and rainwater and water that enter the gully are not treated, so the
contamination ends up in the local waterways. This polluted water affects
aquatic life and our ability to use water for recreational and industrial
purposes. Stormwater management reduces or eliminates the negative effects of
stormwater runoff. Today, stormwater management includes controlling floods,
reducing erosion, and improving water quality and this is known as Best
Management Practices (BMP). BMPs are structural, nutritional, or managerial
practices used to treat, prevent, or mitigate water pollution. Stormwater
runoff does not go to a treatment facility before being discharged into a local
water receiving area, and is treated with materials such as motor oil, animal
waste, fertilizers, pesticides, grass clippings, leaves, litter, litter,
debris, and sediments. All of these factors adversely affect water quality in
rivers, streams and ponds. Techniques for managing stormwater runoff include
using vegetation and mulch to protect exposed soil areas from erosion and using
best management practices (BMPs) designed to slow rates and reduce volume. and
to limit the outflow velocity. It flows out before it reaches the receiving
water.
Stormwater management
systems such as sand filters, hydrodynamic separators, coarse contaminant
traps, sediment basins, waste baskets, grass troughs, infiltration and bio
infiltration systems, rakes, mesh guards, slot barriers, rainwater retention,
water quality assurance, applied to rainwater. Infiltration, oil spill
response, industrial stormwater (industrial site filtration, on-site stormwater
treatment with hydrodynamic separators, oil and water separation technology,
and rail sumps for oil recovery) and green infrastructure (biological
pre-reservoir treatment, bio-storage and subsurface infiltration,
bio-filtration and rainwater harvesting).
Browse over XX market data Figures spread through 80 Pages
and an in-depth TOC on the "North America Stormwater Management Market."
The North America
Stormwater Management Market is segmented on the basis of tools type, segment, and
application. Based on tools, the market is further divided into grassed swales, rain
gardens, pervious pavement, green roofs, and others. During the projected
period, the grassed swales is expected to dominate the market during the forecast
period of 2023-2028. A grass swallow is a grassy channel designed to handle and
attenuate stormwater runoff with a constant amount of water quality. As
rainwater flows through channels, it is treated by filtration by the vegetation
within the channel, by filtration by the subsurface matrix, and/or by seepage
into the underlying soil.
Based on application,
the market is divided into municipal,
commercial, and industrial. During the projected period, the municipal segment is
expected to dominate the market during the forecast period of 2023-2028. This
is due to increased government regulations to minimize pollution and use
stormwater efficiently. With increasing investment and increasing technological
advancements to modernize water management infrastructure, the focus of
governments and private companies is shifting from traditional water and
wastewater management methods to stormwater management. In addition, governmental
standards and guidelines for incorporating stormwater management into building
codes and urban planning are expected to promote the use of stormwater
management services in various sectors around the world, mainly in developed
countries.
Based on region, the market is divided into United States, Canada, and Mexico. During the projected period, the municipal segment is
expected to dominate the market during the forecast period of 2023-2028.
Key
market players in the North America Stormwater Management Market: -
- Contech Engineered
Solutions, LLC
- Forterra
Inc.
- Advanced Drainage Systems,
Inc.
- Resource Environmental
Solutions, LLC
- Ecosol PTY
- Hydro
International
- Old castle Infrastructure, Inc.
- AquaShield, Inc.
- StormTrap, LLC
- Suntree Technologies Inc.
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"The governments of North American have been
investing in stormwater management for quite some time and have been doing research
as well. With changes in weather pattern and hurricanes, tornadoes or storms being
common in this region, the stormwater management market will find
its true potential during the forecast period," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“North
America Stormwater Management Market By Tools Type (Grassed Swales, Rain Gardens, Pervious Pavement, Green
Roofs and Others), By Segment (Stormwater
Management Tools, Maintenance Service), By
Application (Municipal, Commercial and Industrial), By Region, Competition Forecast & Opportunities,
2018-2028.” has evaluated the future growth potential
of North America Stormwater Management 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 North America Stormwater Management Market.
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