Pune, India -- (SBWire) -- 05/07/2019 --Our latest research report entitled Rainwater Harvesting Market (by method (above ground and underground), application (residential, industrial, commercial and agriculture)) provides complete and deep insights into the market dynamics and growth of rainwater harvesting. Latest information on market risks, industry chain structure rainwater harvesting cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential rainwater harvesting growth factors. The global rainwater harvesting market is projected to grow at a CAGR of 5.5 % over the forecast period of 2018-2024.
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Rainwater Harvesting Market: Insights
Rainwater harvesting is the technique of building and storage of rainwater to reuse it for landscape irrigation, domestic use, and many other usages. In this system, the rainwater is collected from the rooftops and/or other manmade aboveground hard surfaces including well, shaft, or borehole and it will store into natural reservoirs or tanks. The rainwater harvesting helps to improve the water supply and food production by providing high-quality water for both drinking and farming applications.
The rapidly increasing demand for usable and clean water across all over the globe drives the growth of rainwater harvesting market. As the world population is increasing the demand for freshwater is also growing. The harvested water is mainly used for irrigation and the drinking purpose. The water stored during the rainwater harvesting is the best suitable alternative to a distributed water source. In addition, robust applications of harvest water across various sectors including agriculture, industrial, residential and domestics are likely to anticipate the growth of the rainwater harvesting market. However, growing wastewater treatment plants are hampering the market growth of rainwater harvesting.
Rainwater Harvesting Market: Drivers and Restraints
The trending application of rainwater harvesting for the groundwater restoration is expected to contribute to the growth of rainwater harvesting market. Moreover, the rainwater harvesting system offers various benefits such as efficient use of natural resource and reduced flooding, reduces the need for imported water, stimulates energy and water conservation and many others. Harvest water is an excellent source of water for landscape irrigation, with no chemicals such as fluoride and chlorine, and no dissolved salts and minerals from the soil that is projected to create several opportunities for the rainwater harvesting in the agriculture sector.
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Rainwater Harvesting Market: Regional Analysis
Geographically, Asia Pacific holds maximum market share in the rainwater harvesting in 2017 and expected to be the dominating region over the forecast period. The growing adoption of rainwater harvesting system in the hotels, malls, hospitals, and other end-use applications are driving the growth of rainwater harvesting market in the Asia Pacific. Furthermore, rapidly rising awareness about water conservation and the importance of rainwater harvesting in the Asia Pacific region are likely to escalate the growth of rainwaters harvesting market in upcoming years.
Rainwater Harvesting Market: Segmentation
The report on global rainwater harvesting market covers segments such as method and applications. On the basis of the method, the global rainwater harvesting market is categorized into above ground and underground. On the basis of applications, the global rainwater harvesting market is categorized into residential, industrial, commercial and agriculture.
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Rainwater Harvesting Market: Competitive Landscape
The report provides profiles of the companies in the global rainwater harvesting market such as, Kinspan Group , Graf Group, Innovative Water Solutions LLC, Rain Harvesting Supplies, Inc., Water Field Technologies Pvt. Ltd., Climate Inc., Heritage Tanks, The Gulf Islands Rainwater Connection Ltd., WISY AG, Watts Water Technologies, Inc..
Report Findings
1. Drivers
- Rapidly Increasing Demand for Usable and Clean Water across the Globe.
- Demand for Freshwater is Growing.
- Application of Rainwater Harvesting for the Groundwater Restoration.
2. Restraints
- Growing Wastewater Treatment Plants.
3. Opportunities
- Excellent Source of Water for Landscape Irrigation, With No Chemicals.
- Growing Adoption of Rainwater Harvesting System in the Hotels, Malls, Hospitals, and Others End-Us.
