Zion Market Research, the market research group announced the analysis report titled ‘Rainwater Harvesting System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2015–2021’
Various regions are facing water scarcity issues globally which lead to depletion of ground water level due to a high amount of heat that is induced into ground. This, in turn, leads to drought situations. However, rainwater harvesting is an old technique and also an initiative to overcome a shortage of water with the help of modern equipment in order to store the water from house roofs and building which is further directed to the storage facility constructed on the ground level or directly into the ground. This arrangement is made to increase the ground water level. Rain is undoubtfully an ultimate source of fresh water.
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Based on the type, the global rainwater harvesting market is segmented as land-based harvesting and roof-based harvesting. The land-based rainwater harvesting includes underground tanks, ponds, and reservoir. In land-based harvesting system, the water from swollen river and surface running water can be routed using gutters which redirect water towards the storage facility. Similarly, roof-based rainwater harvesting system comprises roof catchments, guttering, storage tank, pivot joints, and others. However, compared to land-based water, roof-based rainwater is clean. Based on the end-user, the global market is segmented as residential, commercial, industrial, and others.
The rigorous water crisis in cities as well as in rural areas due to improper management of water resources and better alternative to save water individually is driving the market. It’s cost-effective equipment and easily adaptable designs are also some of the factors boosting the rainwater harvesting system demand in the industry. The utilization of rainwater after storage also helps in reducing the consumption of the ground water, hence the level of the ground water remains unused which indirectly improves the quality of the land. Wide applications of rainwater harvesting system in the massive residential complex, hospitals, malls, educational institutes, and hotels also drives the growth of the rainwater harvesting market. Rising adoption of rainwater harvesting system in industries and construction by builders and manufacturers is also boosting the demand in a market. On the other hand, the quality of water which is stored in the tank needs a filtration process; this factor may hinder the market growth.
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North America is leading the rainwater harvesting market globally and is expected to sustain its influence in future. Asia Pacific is also expected to witness a rapid growth in the market owing to the high adoption of rainwater harvesting system as a resource saving system in various commercial and industrial sectors.
Major players driving the global rainwater harvesting market are Innovative Water Solutions, Storm Water, Harvest H2O, Kingspan Environmental, Oasis, Rainharvest, Water Harvesters, SSWM, and others.