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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Rainwater Harvesting Market Outlook
The global rainwater harvesting market size reached a value of almost USD 980.15 million in the year 2023. The industry is further expected to grow at a CAGR of 4.5% between 2024 and 2032 to reach a value of almost USD 1,456.58 million by 2032.
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The global rainwater harvesting market is driven by depleting groundwater levels. The industry is expected to undergo significant developments in the forecast period due to several factors such as considerable urbanisation, water scarcity, and flooding.
Properties and Applications
Rainwater harvesting is referred to as a method of collecting and storing water to be used in the future. The rainwater may be stored in natural reservoirs or tanks where the water is then redirected into a well or borehole. This water is used for different purposes, such as gardening or irrigation. After proper treatment of this water, it may also be used in households as high-quality drinking water. It not only decreases urban flooding and soil erosion but also ensures water availability in water-scarce areas.
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The global rainwater harvesting market is divided on the basis of the harvesting method into:
- Above Ground
- Underground
Based on the end-use, the industry has been categorised into:
- Commercial
- Residential
- Industrial
The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global rainwater harvesting market is driven by the rapidly increasing global population. This has led to an intensification of the pressure on natural water resources. Consequently, consumers are shifting from natural water resources to the storage of water via various effective means, such as rainwater harvesting, to keep the depletion of groundwater level under check. Moreover, due to the minimum maintenance, easy installation process, and availability in a wide range of tank sizes and types, rainwater harvesting is becoming one of the most popular and adopted water harvesting mechanisms across the globe. Further, governments of several countries are promoting campaigns and initiatives to encourage the adoption of rainwater harvesting in both domestic as well as industrial sectors. They are also offering tax relaxations and incentives to encourage the use of these systems.; for example, the Government of India's investments into the construction of numerous rainwater harvesting structures in the rural and urban areas of the country, which is expected to assist in an equal distribution of and accessibility to drinking water. Decreasing fresh water is expected to accelerate the industry in the forecast period.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global rainwater harvesting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Kinspan Group
- Watts Water Technologies Inc.
- Otto Graf GmbH
- WISY AG
- Innovative Water Solutions LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Harvesting Method |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global rainwater harvesting market attained a value of about USD 980.15 million.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 4.5%.
By 2032, the market is estimated to reach a value of nearly USD 1,456.58 million.
The major drivers of the market include the growing concerns regarding depleting water resources, the introduction of favourable government initiatives aimed at promoting the adoption of rainwater harvesting, and the emerging shift from natural to storage water.
The major trends guiding the growth of the market are the government programmes and campaigns encouraging the adoption of rainwater harvesting across the domestic and industrial sectors.
The major regions in the markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various harvesting methods considered in the market report are above ground and underground.
The significant end uses of rainwater harvesting are commercial, residential, and industrial.
The key players in the market are Kinspan Group, Watts Water Technologies Inc., Otto Graf GmbH, WISY AG, and Innovative Water Solutions LLC, among others.
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