The Rainwater Harvesting Market in India is being driven by Increase in water consumption
The Rainwater Harvesting Market in India is expected to grow at a CAGR of 11.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 89.1 million. Rainwater harvesting (RWH) is an essential business solution for mitigating water scarcity concerns and sustaining groundwater supplies. By collecting and utilizing rainwater, RWH plays a crucial role in promoting sustainable water management in regions experiencing escalating water shortages. This cost-effective technique offers numerous benefits, including reversing the depletion of groundwater levels due to excessive usage and maximizing the utilization of surface runoff that would otherwise be squandered. Furthermore, RWH significantly reduces urban flooding by absorbing excess rainwater, thereby preventing the inundation of roads and public spaces. The implementation of rainwater harvesting systems is a simple, eco-friendly, and economical approach to groundwater recharge, making it a valuable investment for businesses seeking to minimize water usage and contribute to environmental sustainability.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
142 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.7% |
Market growth 2025-2029 |
USD 89.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
10.0 |
Key countries |
India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Rainwater Harvesting Market in India is witnessing significant growth due to increasing water scarcity caused by groundwater depletion and urbanization. Urban flooding and soil erosion are additional factors driving the demand for rainwater collection systems. These systems help in water storage for various purposes including gardening, irrigation, drinking water, and even urban flooding mitigation. Natural reservoirs like tanks, wells, boreholes, and filters are used for water storage. Farmers and households can save costs and resources by harvesting rainwater. Government support through legislation, tax breaks, and awareness campaigns is also boosting the market. Catchment and conveyance systems ensure efficient water collection and distribution. Water availability and expenses are major concerns, making rainwater harvesting an attractive solution for freshwater sources. Climatic disasters and the need for wastewater treatment are further expanding the market scope.
The Indian rainwater harvesting market is experiencing significant growth due to increasing groundwater depletion, urbanization, and water scarcity. Electric utilities, encompassing both power and water sectors, play a crucial role in this industry. Electric utilities involve entities generating, transmitting, and distributing electricity, as well as water, to consumers. These entities can be publicly owned, investor-owned, nationalized, or cooperatives, engaging in various aspects of the industry. The value chain of the water utilities market comprises infrastructure developers, service/ technology providers, equipment manufacturers, quality testing organizations, and end-user distribution. The capital-intensive utilities sector, responsible for the reliable and safe delivery of water and associated services, is undergoing transformation with the integration of rainwater harvesting solutions. This shift is essential to mitigate water scarcity, address flooding issues, and promote sustainable water management practices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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