Latest News- Rainwater Harvesting Systems Market: Non-residential is expected to lead the End-user segment during 2024-2028

The Rainwater Harvesting Systems Market is being driven by Increase in water consumption worldwide

The Rainwater Harvesting Systems Market is expected to grow at a CAGR of 9.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 891.1 million. The Indian government's Smart Cities Mission, spearheaded by the Union Ministry of Urban Development, aims to construct eco-friendly and sustainable urban infrastructure by the end of 2023. The Union Budget 2021-2022 allocated a significant increase of USD868 million (rupee 6,450 crores) compared to USD457 million (rupee 3,400 crores) in FY21, highlighting the mission's priority. Construction and development are anticipated to be the primary drivers of growth for the rainwater harvesting systems market within the smart cities sector, as water conservation and sustainability are key objectives. 

Get more information on Rainwater Harvesting Systems Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Non-residential
  • Residential
• Application
  • Surface-based
  • Rooftop-based
• Geography
  • North America
    • US
  • APAC
    • China
    • India
  • Europe
    • Germany
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in water consumption worldwide
• Growing water scarcity globally
• Rise in residential construction activities

However, the market also witnesses some limitations, which are as follows:

• Uneven distribution of rainfall and lack of awareness of rainwater harvesting
• Technical challenges associated with installation of rainwater harvesting systems
• Growing demand for rain barrels and cisterns

Benefits of Buying Global Rainwater Harvesting Systems Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Rainwater Harvesting Systems Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Rainwater Harvesting Market is experiencing significant growth due to increasing water scarcity in both developed and developing nations. Farmers, industrial units, factories, commercial spaces, and power generation sectors are adopting rainwater harvesting systems for agricultural purposes and as an emergency water supply. Harvesters are used to collect rainwater from rooftops, gutters, and pipes, which can be stored in tanks for later use. Municipal bodies are also implementing rainwater harvesting to mitigate stormwater runoff and recharge aquifers. Centralized drainage systems and climate change are driving the demand for rainwater harvesting in urban areas. The textiles industry and power generation sectors are also utilizing rainwater for production processes. Rainwater harvesting is not only beneficial for water conservation but also for urban resilience during emergencies and droughts. Incentives from governments and organizations are also boosting the market growth. Harvesting methods include rooftop harvesting, surface harvesting, and sub-surface storage. The commercial, residential, and industrial sectors are the major consumers of rainwater harvesting systems. Stormsaver is a leading provider of rainwater harvesting solutions.

Market Research Overview

In the context of escalating water scarcity, rainwater harvesting has emerged as a viable solution for various sectors in developed nations. Farmers, industrial units, factories, commercial spaces, power generation, textiles, car wash businesses, and residential buildings are increasingly adopting rainwater harvesting systems to mitigate water shortages. Electric utilities, encompassing both power and water utilities, recognize the importance of rainwater harvesting in their operations and sustainability initiatives. The water utilities market value chain comprises infrastructure developers, water treatment service/technology providers, equipment manufacturers, quality testing organizations, and distribution to end-users. Rainwater harvesting systems are essential inputs for this sector, contributing to the industry's growth and resilience. Electric utilities, as significant players, can benefit from rainwater harvesting by reducing their water consumption for cooling purposes and enhancing their corporate social responsibility. The capital-intensive utilities industry, responsible for the distribution of water and electric services, recognizes the importance of rainwater harvesting in ensuring a reliable water supply and contributing to sustainable business practices. By integrating rainwater harvesting systems into their operations, utilities can reduce their dependence on traditional water sources and contribute to disaster risk reduction during natural disasters.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/