Rainwater harvesting involves many techniques of collecting and storing rainwater at surface or sub-surface formations, before the water is lost as surface run off. The collected water can be used in times of need later on.
This report on the global rainwater harvesting market presents an extensive picture of the past and present status of the market with the help of thorough qualitative and quantitative data pertaining to key market segments. The report gives actionable forecast regarding the growth prospects of major market elements. Information thus included in the report provides readers an easy understanding of the growth opportunities and threats of the market. An overview of regulatory factors at play in deciding the overall growth of the rainwater harvesting market has also been included in the report.
The major drivers of the global rainwater harvesting include the pressing need for overcoming the rising scarcity of surface water and the rising demand for clean water; arresting the declining levels of ground water; and increasing the infiltration of rainwater into subsoil, which has drastically declined in urban areas as open areas are being rapidly paved up.
The high applicability of harvested rainwater across industrial, domestic, and agricultural sectors is also a major driver of the global rainwater harvesting market. The trend of recharging groundwater artificially with the help of rainwater harvesting is also gaining increased popularity and is significantly boosting the global rainwater harvesting market.
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Of the key regional markets for rainwater harvesting examined in the report, North America is expected to emerge as the leading regional market over the forecast period. The market for rainwater harvesting in the region will benefit from stringent regulations pertaining to the proper usage of water in the industrial sector and rapid growth in urbanization and industrialization in the region. The emerging economies of Asia Pacific also present many untapped opportunities, which vendors can capitalize on to gain the lion’s share in the market. Furthermore, rapid expansion reported by the industrial and commercial sectors in this region boosts the potential of adopting innovative resource-saving schemes such as rainwater harvesting.