Detailed Study of Global Rainwater Harvesting Market

Global Rainwater Harvesting Market Overview: Global rainwater harvesting is the process that encompasses the collection and storage of rainwater for a vast array of agricultural, commercial, and domestic purposes....

Global Rainwater Harvesting Market Overview:

Global rainwater harvesting is the process that encompasses the collection and storage of rainwater for a vast array of agricultural, commercial, and domestic purposes. Roof-based and land-based rainwater harvesting are the two most important types of rainwater harvesting processes. The global market for rainwater harvesting will experience moderate growth during the forecast period and will be positively affected by the growing water scarcity, which is prevalent across the globe. In 2014, around 800 million people worldwide lacked access to water. In 2015, the United Nations Environment Program stated that over two billion people were likely to face high water stress conditions by 2025.

Global rainwater harvesting market is an affordable solution to overcome water stress as it can serve as a vital alternative for a decentralized water source. The presence of such an alternative water source will reduce the use of fresh water from the surface and groundwater sources. The general applicability of rainwater across the agricultural, domestic, and industrial sectors will result in this market’s moderate CAGR of almost 5% by 2020. Global rainwater harvesting market is expected to reach USD 1.14 billion by 2025 from its market value of USD 0.7 billion in 2016.

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Global Rainwater Harvesting Market Drivers and Restraints:

In developed nations, rainwater harvesting system involves high initial cost, depending on the size and the technology level. However, benefits from the system cannot be derived without a good rainfall. The system also requires regular maintenance. Though, the case is quite different in developing nations, wherein simple systems are preferred which require low investment. The return on investment take a considerable time period of 5 to 7 years depending on the system. These factors may restrain the growth of rainwater harvesting market. However, in recent years, technological advancements have helped in reducing the installation and maintenance costs of rainwater harvesting systems. One similar advancement is harvesting rainwater with modules made up of plastics. These modules are flexible in shape, provides durability and strength for long period of time and can also be used for storm-water detention. Modular rainwater harvesting shows a great opportunity for rainwater harvesting in the near future.

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Geographic Segmentation:

On the basis of geography, Global rainwater harvesting market has been divided into various areas like Europe, North America, and Asia-pacific. North America is foremost rainwater harvesting market globally and is anticipated to sustain its influence in future. Asia Pacific is also likely to witness a rapid growth in the market owing to the high adoption of rainwater harvesting system as a resource saving system in various commercial and industrial sectors. Most important players driving the global rainwater harvesting market are Innovative Water Solutions, Storm Water, Harvest H2O, Kingspan Environmental, Oasis, Rainharvest, Water Harvesters, SSWM, and others.

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Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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