Demand from the Rising Need for Harvesting Will Help the Rainwater Harvesting Market to Grow During the Forecast Period
Depleting
groundwater levels, with the considerably increasing urbanization concerning
over water scarcity, and flooding is driving the global rainwater harvesting
market.
According to TechSci Research
report, “Rainwater Harvesting Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028F”. The Global Rainwater
Harvesting Market is projected to register high demand during the forecast
period, with increasing demand from major end-use industries such as
residential, commercial, industrial, and agriculture during the forecast
period. Water gathering is a structural strategy and the capacity of water to
reuse for the scene water system, household use, and numerous other purposes.
In this system, water is gathered from housetops or potentially other synthetic
over-the-ground hard surfaces, including wells, shafts, or boreholes, and is stored
in standard repositories or tanks. Water reaping improves water supply and
sustenance for drinking and cultivating applications.
A household with a 40 m2
roof can harvest 7.2-39.66 m3 of rainwater. A household with a 100 m2
roof size can harvest 19.11-105.35 m3 of rainwater. Institutional
rainwater harvesting can supplement 30.3% of the town's water supply. Rainwater
harvesting can be used as an alternative water source for emergencies. According
to the United Nations, it is predicted that more than 2.8 billion people will
be living in either water-scarce or water-stressed regions of the world by
2025, while more than one billion people may not have access to improved water
supply services, and more than 2 billion people may lack access to improved sanitation.
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Based on type, the market is segmented
into rain barrel system, dry system, wet system, and green roof system. Based on
harvesting method, the market is fragmented into above ground and under ground.
The above-ground harvesting method dominated the market in 2022 as the tanks
are cheaper in price and are easier to install as compared to the underground
systems. Based on the above ground harvesting method, the market is divided
into ground surface and storage tank. Based on application, the market is
segmented into residential, commercial, industrial, and agricultural. The
Agricultural segment dominated the market as it is easy to install rainwater
harvesting technique in the agricultural areas as compared to the areas
consists of numerous buildings and factories.
Service providers are spending
a lot of money on evaluation and analysis of the technological innovations to
improve the product offerings and technology for the rainwater harvesting across
the globe. Operational effectiveness, technological advancements, and
performance optimization are all products of R&D activities. One of the
main factors driving the expansion of the market for Rainwater Harvesting is
the rise in demand for the water purification and storage across the globe.
Key market players in the Rainwater
Harvesting market include:
- Rainwater
Harvesting Ltd.
- Watts Water
Technologies
- Heritage Water
Tanks
- Water Field
Technologies Pvt. Ltd.
- Innovative Water
Solutions LLC
- Kingspan Group
Plc.
- Graf UK Ltd.
- Tosca Tech Rainwater
Harvesting System
- B.S. Rain
Harvesting Co.
- Filtracon
Technology Private Limited
- Ashwath
Infratech.
Key rainwater harvesting
companies, such as Kingspan Group Plc., Watts Water Technologies, Inc., and
Otto Graf Gmbh Kunststofferzeugnisse, are focusing on product development to
attract more customers.
In August 2020, rainwater
harvesting was installed at Kingspan's Rokietnica plant in Poland. So far, the team has
installed one 20,000-liters rainwater collecting tank; a second tank is being
installed, and two more are planned, bringing the total on-site capacity to
80,000 liters. Furthermore, as part of Planet Passionate, the company is
building rainwater collecting systems at its locations to gather 100 million
liters of rainwater by 2030.
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“Ongoing rising cutting-edge
rainwater purification systems which is expected to break the barriers between
providers are boosting the global rainwater harvesting market in the forecast
years. The Increasing urbanization and population growth leading to the
concerns over old infrastructure, and extreme weather events is a boosting
factor for the market globally. Moreover, upsurge in the government initiatives
that leads to the increased awareness about the benefits of rainwater
harvesting management all over the globe with emerging technologies has also
been positively influencing the market for the upcoming years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Rainwater Harvesting Market, By Type (Rain
Barrel System, Dry System, Wet System, and Green Roof System), By Harvesting
Method (Above Ground (Ground Surface andStorage Tank), and Under Ground), By
Application (Residential, Commercial, Industrial, and Agricultural), By Region, Competition”, has
evaluated the future growth potential of Rainwater Harvesting and provides statistics and information on market structure,
size, share, and future 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 Global Rainwater
Harvesting Market.
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