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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