Global Rainwater Harvesting Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Rainwater Harvesting Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global Rainwater Harvesting market report has been segmented on the basis of product type, end user, and region.
Global Rainwater Harvesting Market: Overview
Rainwater harvesting is the process of accumulating and storing of flowing rainwater. The collected water can be stored in tanks or natural reservoirs, or subsurface aquifers. It is a technique of water conservation and is a solution to the growing water crisis.
Global Rainwater Harvesting Market: Dynamics
Rainwater harvesting process has gained popularity worldwide, owing to the increasing water crisis in various regions across the globe, which includes both cities and rural areas. In addition, increasing application of harvested water in the agricultural sector such as irrigation is also expected to augment the growth of the global rainwater harvesting market. Rainwater harvesting is an easy process that includes low-cost equipment and effortlessly adaptable designs. It is considered one of the simplest process for water accumulation and storage. Such factors are expected to augment growth of the global market over the forecast period. Investment by a government on rainwater harvesting infrastructure in both rural and urban areas is also expected to further boost growth of the global market. Increasing initiatives take by the government and other non-governmental organization in order to promote rainwater harvesting awareness is likely to drive growth of the global market.
Return on investment on rainwater harvesting may take a longer period and may affect growth of the global market to a certain extent over the forecast period. In addition, dependency on rainfall for water storage or as the water source is also a major factor affecting growth of the global market.
The innovation of different forms of technology in rainwater harvesting such as rain garden, installation of the rain barrel, reservoirs are expected to drive growth of the global market and is expected to line up opportunities for the players in the global market.
Global Rainwater Harvesting Market: Segment Analysis
Among the harvesting method types, above ground harvesting method segment accounts for a major revenue share of the global market. Storage tank under the ground harvesting method segment and is expected to grow at a high CAGR over the forecast period. On the basis of end-user, the commercial end-user segment is expected to dominate in the global market over the forecast period.
Global Rainwater Harvesting Market: Regional Analysis
On the basis of region, the Asia Pacific market dominates in the global rainwater harvesting market, closely followed by the market in Europe. Asia Pacific market is expected to register tremendous growth, owing to increasing installation numbers of rainwater harvesting system in the region. In addition, low installation cost in the Asia Pacific as compared to other regions such as Europe and North America is also expected to augment growth of the regional market in the Asia Pacific. Incentives offered by various governments in the region for promoting rainwater harvesting systems is also expected to drive growth of the global market. Mandatory installation of rainwater harvesting systems for residential construction in various parts of India and many more legislation in other parts of Asia Pacific is also expected to drive growth of the global market.
Global Rainwater Harvesting Market Segmentation:
Segmentation by Product Type:
- Amorphous Silicon
- Cadmium Telluride
- Copper Indium Gallium Selenide
Segmentation by End-User:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Xunlight Kunshan Co. Ltd.
- Trony Solar
- Oxford Photovoltaics
- Mitsubishi Electric US, Inc.
- MiaSole Hi-Tech Corp.
- Kaneka Corporation
- Hankey Asia Ltd.
- Global Solar, Inc.
- First Solar
- Ascent Solar Technologies Inc.
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