Rainwater Harvesting is a practice that has been used for thousands of years for storing rainwater. The water is collected from land and rooftops in a deep pit by artificial methods. The collected water is treated for further use in drinking and irrigation purposes. This technique aids in water shortage problems. Increased water scarcity due to climate change is the major driving factor for the growth of rainwater harvesting. Also, reduction in the number of groundwater resources also prompts the user to increase water harvesting thus, boosting the growth. Moreover, with the minimum maintenance, easy installation process, and availability in a wide range of tank sizes and types, consumers are adopting this technique easily. There are also various government initiatives that help increase the awareness and adoption of rainwater harvesting. For instance, the government of India constructed various rainwater harvesting infrastructures in the rural and urban areas, assisting equal distribution and access to water. Less awareness about the benefits of rain harvesting is a matter of concern because people don’t adapt to these practices and every year a huge quantity of water is wasted. Increased urbanization will result in an increase in the demand for more clean water and therefore the market players have the opportunity to upgrade the present technologies.
Global Rainwater Harvesting Market is valued at approximately USD 1.168 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.5 % over the forecast period 2021-2027 and is estimated to reach USD 1.59 billion by 2027.
The regions considered for the analysis of the global market are Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region in utilizing rainwater and is expected to grow and maintain its dominance over the coming years. The Asia Pacific region has also adopted various rainwater harvesting systems by different commercial and industrial sectors and hence it is also expected to grow significantly.
Major market players included in this report are Enviro Engineers, Adept Water Technologies, Barr Plastics, Caldwell Tanks, Davey Water Products, Ecozi, Farmland Rainwater Harvesting Systems, Global Environmental Management Services, Harvest H2O, and Interpump
The detailed segments and sub-segment of the market are explained below:
By Type: Roof-based, Land-based
By Product: Tanks, Accessories, Service
By End-User: Residential, Commercial, Industrial
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