Rainwater harvesting is the accumulation and deposition of rainwater for reuse on-site, rather than allowing it to run off. Rainwater can be collected from rivers or roofs, and in many places the water collected is redirected to a deep pit (well, shaft, or borehole), a reservoir with percolation, or collected from dew or fog with nets or other tools. Its uses include water for gardens, livestock, irrigation, domestic use with proper treatment, and indoor heating for houses etc. The harvested water can also be used as drinking water, longer-term storage and for other purposes such as groundwater recharge.
Market Analysis and Insights: Global Rainwater Harvesting System Market
Due to the COVID-19 pandemic, the global Rainwater Harvesting System market size is estimated to be worth US$ 919 million in 2022 and is forecast to a readjusted size of US$ 1146.8 million by 2028 with a CAGR of 3.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Tanks accounting for % of the Rainwater Harvesting System global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial segment is altered to an % CAGR throughout this forecast period.
In the coming years there is an increasing demand for Rainwater Harvesting in the regions of United States that is expected to drive the market for more advanced Rainwater Harvesting. Growth in government budgets in the principal countries, increasing of commercial fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on irrigation industry, retrofitting and renovation of old technology, increasing adoption of rainwater harvesting will drive growth in United States markets.
Global Rainwater Harvesting System Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Rainwater Harvesting System Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Tanks
Accessories
Services
Segment by Application
Commercial
Residential
Industrial
By Company
CST Industries
Caldwell Tanks
Wahaso
Norwesco
BRAE
Snyder
Bushman USA
ROTH North America
Lakota Water Company
Rainwater Management Solutions
BH Tank
Innovative Water Solutions
Mountain & Mesa Construction
Pioneer Water Tanks
The RainCatcher
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina