NEW YORK, Oct. 16, 2023 /PRNewswire/ -- The rainwater harvesting systems market is expected to grow by USD 826.16 million from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 9.45% during the forecast period. To find a preview of the market overviews, market drivers, opportunities, and potentials request Free sample report
Rainwater Harvesting Systems Market 2023-2027: Company Analysis
The rainwater harvesting systems market is fragmented due to the presence of many global and regional players. The market comprises category-focused, industry-focused, and diversified companies. The global off-grid rainwater harvesting systems market is expected to grow rapidly during the forecast period due to the increase in water consumption worldwide. Barr Plastics Inc., DandD Ecotech Services, Ecozi Ltd., HarvestH2o, Heritage Water Tanks, Innovative Water Solutions LLC, Kingspan Group Plc, Metroll, Molloy Precast Products Ltd., Oasis Water Harvesting, Osmosis Autopump India Pvt. Ltd., Otto Graf GmbH Kunststofferzeugnisse, RainHarvest Systems LLC, Rainwater Connection, Stormsaver Ltd., Vareo Blu Ltd, Water Field Technologies Pvt. Ltd., Water Harvesting Solutions Inc., Watts Water Technologies Inc., and WISY AG
Major Companies and Key Offerings:
- Barr Plastics Inc. - The company offers rainwater harvesting which includes a Graf Belowground rainwater harvesting system that controls stormwater runoff.
- DandD Ecotech Services - The company offers rooftop rainwater harvesting which can be stored and used for all non-potable uses.
Rainwater Harvesting Systems Market 2023-2027: Segmentation Analysis
By End-user
- The non-residential segment is estimated to witness significant growth during the forecast period. This can be attributed to a growing trend of rainwater harvesting systems in sectors other than housing, such as business and industry. Governments around the world have taken steps for their country to become a global tourist hub, as well as introducing various initiatives in support of tourism and hospitality. There will be an increased demand for water as the global tourism and hospitality industry grows.
By Geography
- North America is estimated to contribute 36% to the growth of the global market during the forecast period. The main drivers of the growth of the stormwater harvesting systems market in North America have been an increase in people's discretionary incomes. They have already adopted rainwater harvesting systems at their homes due to the high purchasing power of consumers, particularly in the US. Mandatory rainwater harvesting regulations exist in many North American countries and their territories, particularly those where inadequate rainfall or water shortages are a major concern.
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Imperative Insights on the following aspects:
- What was the size of the global rainwater harvesting systems market by value?
- What will be the size of the global rainwater harvesting systems market in 2027?
- How has the industry performed over the last 5 years?
- What factors are affecting the strength of competition in the global rainwater harvesting systems market?
- What main segments make up the global rainwater harvesting systems market?
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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