MARKET OVERVIEW
Rainwater harvesting is the process of storage, collection, and amplification of rain. Rainwater can be collected from surface runoff and rooftop. Growing water scarcity coupled with the rising population across the globe is driving the growth of the rainwater harvesting system market over the forecast period. Moreover, mandated the installation of rainwater harvesting systems in new construction buildings in some regions across the globe are also accelerates the demand for the rainwater harvesting system market.
MARKET SCOPE
The "Global Rainwater Harvesting System Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the rainwater harvesting system market with detailed market segmentation by harvesting process, component, application, and geography. The report provides key statistics on the market status of the leading rainwater harvesting system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on harvesting process, the global rainwater harvesting system market is segmented into surface runoff and rooftop rainwater.
- On the basis of component, the market is segmented into tanks, filters, pumps and controls, and other accessories.
- Based on application, the market is segmented into residential, commercial, and industrial.
MARKET DYNAMICS
Drivers:
- An upsurge in the consumption of water in the agriculture sector along with other factors, such as rapid urbanization, expansion of business activities, and global climate change is stressing the water supply across the world. This factor is likely to boom the demand for the rainwater harvesting system market.
- Furthermore, government initiatives in several countries related to the implementation of rainwater harvesting policies to encourage water conservation are expected to influence the demand for the rainwater harvesting system market.
Restraints:
- High costs associated with the installation of these systems may hinder the growth of the rainwater harvesting system market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The rainwater harvesting system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the rainwater harvesting system market in these regions.
IMPACT OF COVID-19 ON RAINWATER HARVESTING SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the rainwater harvesting system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from rainwater harvesting system market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rainwater harvesting system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Climate Tanks
- Heritage Tanks
- Innovative Water Solutions LLC
- Kingspan Group
- Otto Graf GmbH
- Pioneer Water Tanks
- Rainwater Connection
- Stormsaver Ltd
- Watts Water Technologies, Inc.
- WISY AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.