The global rainwater harvesting market is anticipated to grow at a significant CAGR during the forecast period. Rainwater Harvesting is a method of accumulation and storage of rainwater for reuse in the future. Rainwater with the help of harvesting systems can be redirected and stored in percolation tanks, rainwater recharge shaft, aquifer, and many more. The stored water can be reused for various purposes such as livestock, irrigation, domestic use, and drinking purpose. 

The major factor driving the growth of the global rainwater harvesting market include a surge in the initiative towards the storage of rainwater for its effective use in the future. Moreover, the significant change in climate coupled with groundwater level depletion is also aiding to the growth of the rainwater harvesting market considerably. Additionally, the increase in urbanization of the population and frequent flood calamity across the globe is spurring the growth of the global rainwater harvesting market. However, the high cost associated with the first-time setup of the harvesting system may restrict the growth of the market to some extent during the forecast period.

Segmental Outlook 

The global rainwater harvesting market is segmented on the basis of type and end-user. Based on type, the market is sub-segmented into land-based harvesting and roof-based harvesting. Based on the end-user, the market is bifurcated into residential and non-residential segments. The non-residential segments include the commercial sector, industrial sector, and agriculture. Non-residential sector is estimated to hold a prominent share in the global market.

Global Rainwater Harvesting Market Share by End-User, 2018 (%)

Industrial Sector to Contribute Significantly to the Growth of Non-Residential Sector

The industrial segment is anticipated to contribute a significant share in the market owing to the increasing demand to effectively provide the water for industrial use. The harvested rainwater provides industries with the needed amount of water for operations to run smoothly without having to deplete the nearby water sources and hence the technique is widely being adopted in the industrial sector. In addition, the rainwater harvesting in industrial setup is promoting the green infrastructure movement that is going on, all across the globe. This further, encourage the adoption of rainwater harvesting systems in the industrial sector.

Regional Outlooks

The global rainwater harvesting market is further segmented on the basis of geography into North America, Europe, Asia-Pacific, and the Rest of the World. North America is estimated to grow at a significant rate during the forecast period. The growth of the region is attributed to the surge in drought conditions and population growth. In addition, the poor water quality or dropping water levels coupled with the high cost of acquiring new municipal water supplies is driving the rainwater harvesting market in the region during the forecast period.

Asia-Pacific to Contribute a Significant Share in the Global Rainwater Harvesting Market 

Asia-Pacific is anticipated to contribute significantly to the global rainwater harvesting market owing to the presence of many rainwater harvesting projects in the region. The major economies contributing to the growth of the Asia-Pacific rainwater harvesting market include China, India, and ASEAN economies. The presence of strict government rules in the region is also anticipated to contribute to the growth of the rainwater harvesting market. For instance, the Ministry of Urban Development and Poverty Alleviation has made mandatory for harvesting water through storing water runoff including rainwater in buildings that are on plots of 100 sq. meters and above.

Market Players Outlook

Some of the key players operating in the global rainwater harvesting market include Watts Water Technologies Inc., Innovative Water Solutions LLC, Kingspan Group, Otto Graf GmbH, Rain Harvesting Supplies, Inc., Climate Inc., Heritage Tanks, The Gulf Islands Rainwater Connection Ltd., WISY AG, and others. The market players are considerably contributing to the market growth by adopting various strategies including new product launch, mergers and acquisitions, and collaborations to stay competitive in the market.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global rainwater harvesting market. Based on the availability of data, information related to products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.