Rainwater Harvesting Market Size & Share, Revenue, Industry Trends, Scope, Key Players, Growth Drivers, Challenges and Future Opportunities Till 2033: SPER Market Research
Water is a scarce resource that is getting more valuable by the day due to a variety of factors such as pollution, waste, inefficient use, and climate change, among others. The concept of collecting rainwater is not new, and it has been practiced to varied degrees in many areas. Rainwater harvesting is an important procedure for replenishing the city’s water supply since it collects and filters rainfall from surfaces. This novel approach for collecting and storing water from rooftops and other surfaces is utilized for a variety of applications, including irrigation, animal watering, washing, and toilet flushing. Rainwater may be used in both city-owned wells and rural regions when appropriate water supply is inadequate.
According to SPER Market Research, ‘Rainwater Harvesting Market Size- By Product Type, By Application, By Form- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ States the Global Rainwater Harvesting Market is estimated to reach USD 2377.6 million by 2033 with a CAGR of 4.51%.
Drivers: Growing consumer awareness of the need to reduce freshwater volume globally is one of the reasons propelling the growth of the worldwide market for rainwater collecting systems. One of the main reasons propelling the growth of the worldwide rainwater harvesting system market is the increasing demand for these systems from large cultivators and farmers. Farmers’ increasing need can be attributed to the high demand for water for irrigation, which is necessary to maintain crop productivity and combat climate-related disasters like drought. Rainwater collection and storage has become a solid option for them as a result. Older houses that have rainwater harvesting systems installed present a considerable opportunity for industrial expansion. Renovations and alterations include installing rooftop collecting systems, water treatment facilities, and storage tanks.
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Restraints: The main industry barrier is the expansion of wastewater treatment facilities, which filter out pollutants from sewage or wastewater and produce an effluent that can be recycled or returned to the water cycle with little environmental damage. The exorbitant cost of building a rainwater collecting system, which impoverished farmers cannot afford, is another barrier to the market. Moreover, Lack of understanding and knowledge among individuals and businesses may impede market progress. Rainwater harvesting systems require routine maintenance to function effectively. This include inspecting and mending gutters and pipelines, as well as cleaning and maintaining storage tanks and the filtration system. Sometimes there is a lack of user acceptance, enthusiasm, and involvement, which has a detrimental effect on the market.
The Covid-19 pandemic has demonstrated, access to clean water is crucial for maintaining sanitation and hygiene. While rainwater collection may not be sufficient to meet all demands, it can provide as a backup water supply in an emergency. The epidemic has also made people more conscious of the necessity of strong water management systems and forced businesses, governments, and private citizens to consider sustainable water alternatives like rainwater collecting. The impact of lockdown varies by location and sector since it was executed differently in various nations and regions. Making the framework for the short- and long-term business strategies for different regions will be made easier for decision-makers by the report’s coverage of the market’s current short- and long-term consequences.
Rainwater harvesting market is dominated by the North America due to easy installation and customization process of the rainwater harvesting system has fueled its demand in the region. Major players in the market are Ashwath Infratech, B.S. Rain Harvesting Co., FILTRACON, Graf UK Ltd, Harvest Rain, Heritage Water Tanks, Innovative Water Solutions LLC.
Global Rainwater Harvesting Market Key Target Audience:
- Residential Sector
- Commercial Sector
- Agricultural Sector
- Municipalities and Government Bodies
- Water Utilities
- Environmental Organizations
Global Rainwater Harvesting Market Segmentation:
By Type:
- Rain Barrel System
- Dry System
- Wet System
- Green Roof System
By Harvesting Method:
- Above Ground Harvesting
- Under Ground Harvesting
By Application:
- Industrial
- Commercial
- Residential
- Agricultural
For More Information, refer to below link –
Rainwater Harvesting Market Share
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