Latest News- Rainwater Harvesting Systems Market: Non-residential is expected to lead the End-user segment during 2025-2029

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 10% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1036.4 million. The Indian government's Smart Cities Mission, led by the Union Ministry of Urban Development in collaboration with state governments, aims to create sustainable and eco-friendly infrastructure in selected urban areas by the end of 2024. The Union Budget 2022-2024 allocated a significant increase of USD868 million (rupee 6,450 crores) compared to USD457 million (rupee 3,400 crores) in FY23 towards this initiative. The primary focus of the mission is to foster growth in the construction and development sectors, making them key drivers for the smart cities industry. The Smart Cities Mission's primary objective is to promote environmentally sustainable and green infrastructure, contributing to India's overall development and urban transformation. 

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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
• Component
  • Storage tanks
  • Filters and purification systems
  • Distribution systems
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • 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

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Market Scope in Rainwater Harvesting Systems Market Research Report

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Research Analysis Overview

The Rainwater Harvesting Systems Market encompasses the collection, storage, distribution, and management of rainwater. This involves designing and installing rainwater harvesting systems, determining appropriate tank sizes, monitoring water quality, and maintaining water tanks. Education and public awareness campaigns, government incentives, and water conservation strategies are crucial for promoting rainwater harvesting. Advanced technologies, such as water reuse systems, smart water systems, and data analytics, are driving innovation in this field. Rainwater harvesting is an essential component of integrated water management, green infrastructure, and climate change adaptation, providing resilient water solutions for water scarcity and conservation. Businesses offer consulting and installation services to help implement these systems and ensure optimal performance.

Market Research Overview

In the context of the infrastructure sector, rainwater harvesting systems represent a significant business opportunity. This market encompasses various components, including rainwater harvesting tanks, cistern systems, underground storage tanks, rooftop collection systems, first flush diverters, water filtration systems, and water softening systems. Electric utilities, a segment of the utilities industry, play a crucial role in this value chain as they provide the energy required to power water treatment plants and pumping stations. Electric utilities consist of publicly owned, investor-owned, and nationalized entities, as well as cooperatives, involved in the generation, transmission, and distribution of electricity. The water utilities market value chain comprises infrastructure developers, water treatment service and technology providers, water treatment equipment manufacturers, quality testing organizations, and distribution to end-users. The utilities industry is capital-intensive, with domestic companies responsible for the reliable and safe delivery of water and electric services, along with associated offerings like wastewater treatment and electricity generation.. 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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