Growing awareness towards water conservation and global warming has certainly stimulated the need for rainwater harvesting systems across different end-user. Government across several nations and environmental agencies are putting their sincere efforts in order to promote eco-friendly techniques such as rainwater harvesting for residential, commercial and industrial end-users. Owing to this, global rainwater harvesting market registered market value of US$ 1.35 Bn in 2017 and expected to reach US$ 2.24 Bn by 2026. The market is estimated to grow with a compound annual growth rate of 5.9% throughout the forecast period from 2018 to 2026.

Roof-based Rainwater Harvesting to Grow Firmly & Consistently in the Coming Years

Rainwater harvesting is a simple process of harvesting and collecting rainwater during rainy season and then use the water year-round. The technique is broadly classified into surface-based harvesting and roof-based harvesting. Both the techniques harvest rainwater but the surface-based harvesting involves collection of excess water flowing through earth with the help of channels and gutters in surface or underground tanks. However, this method involves collection of water with impurities from the surface and need to be purified before use. The techniques are generally incorporated by commercial and industrial infrastructure along with the roof-based system. Roof-based systems are extensively incorporated by all residential, commercial and industrial end-users. This method is simple and needs less after-treatment once the water is collected. Consequently, roof-based rainwater harvesting dominates the overall market and expected to continue its dominance throughout the forecast period.

Industrial and Commercial End-user Holds an Upper Hand Over Residential

Industrial and commercial end-user are locking horn with each other for the majority of market share in overall rainwater harvesting market. Government and environmental organizations across the globe introduced several incentives programs and construction mandates for commercial and industrial infrastructure for incorporating rainwater harvesting systems. This has significantly stimulated the demand for rainwater harvesting systems for commercial as well as industrial end-users. Consequently, the two end-users face each other for majority of market share. Residential end-user are gradually making their mark in the overall market. Growing sense of responsibility towards the planet and water scarcity is resulting in consistent growth of rainwater harvesting for residential end-user.

Asia Pacific Soon to Offer Challenge to North America for Market Share

At present, North America emerged as the leader in the global rainwater harvesting market. Realizing the seriousness of water scarcity, the U.S. and Canada have made mandates for different end-user including commercial building including schools, malls, hospitals, and industrial building to equip themselves with rainwater harvesting. Canada is also drawing guidelines to harvest water from snow during winter and store it for other seasons. The region is expected to retain its dominance throughout the forecast period. However, Asia Pacific is making a rapid evolution in terms of rainwater harvesting installations. Several countries in this region are facing water scarcity and rainwater harvesting is the only way out for them to overcome such issues. Consequently, Asia Pacific is expected to claim major market share in coming years.

Competitive Landscape 

The research study covers some of the leading rainwater harvesting including Innovative Water Solutions LLC, Rain Harvesting Supplies, Inc., The Gulf Islands Rainwater Connection Ltd., Watts Water Technologies, Inc., WISY AG, Kingspan Group, Water Field Technologies Pvt. Ltd., Heritage Tanks, Innovative Water Solutions LLC, Graf Group, D&D Ecotech Services, Rain Harvesting Supplies, Inc., Stormsaver Ltd., and Climate Inc. The market offers tremendous growth opportunities for both well-established as well as new entrants to the market. The companies have to be on their toes to upgrade their existing rainwater harvesting techniques in order to offer maximum water harvesting to their clients. Besides, several other business strategies are discussed in details in the research report.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Rainwater Harvesting market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Rainwater Harvesting market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Rainwater Harvesting market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Rainwater Harvesting market?
• Which is the largest regional market for Rainwater Harvesting market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Rainwater Harvesting market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Rainwater Harvesting market worldwide?