The process of collecting rainwater from surfaces affected by rain, filtering it, and storing it for later use is known as rainwater harvesting. It returns the water supply to what it was before. Rainwater can be used for flushing toilets, washing machines, and crop irrigation. There are two sorts of rainwater gathering methods: surface-based and rooftop. Among its many benefits are cost and resource savings. The rainwater harvesting system includes tanks, collecting and conveyance systems for moving the stored water, and various filters for eliminating pollutants and debris. The products used, such as tanks and associated accessories, such as water meters, tank gauges, and meters, define the volume of water stored.
Global Rainwater Harvesting Market Driving Factors and Challenges
Driving Factors- The demand for alternate water sources has increased due to the lack of freshwater supplies and the growing world population. A sustainable way to meet water demands, particularly in areas with limited water resources, is through rainwater harvesting. Rainwater harvesting systems are becoming more popular among households, companies, and governments as a result of rising environmental consciousness and the demand for sustainable practices. These technologies lessen the demand on municipal water supply and contribute to water resource conservation. Over time, rainwater collection systems can save money by lowering reliance on pricey freshwater sources. Reducing overall costs and water bills can be greatly lowered by collecting and using rainwater for a variety of non-potable uses.
Challenges- Several adverse aspects significantly hinder the growth of the global market for rainwater harvesting systems. An increasing number of wastewater treatment facilities filter out contaminants from sewage or wastewater and convert it into an effluent that may be recycled or returned to the water cycle with minimal impact on the environment. A few implementation and integration problems could be impeding market expansion. Because rainwater harvesting systems are so expensive, users are less likely to embrace them. Farmers in poverty cannot afford this. Rainwater collection systems also operate flawlessly, which adds to the requirement for high maintenance costs.
Impact of COVID-19 on Global Rainwater Harvesting Market
The global market for rainwater collection was affected by the COVID-19 outbreak in a variety of ways. Due to lockdowns and other constraints, it on the one hand caused supply chains to break and project implementations to be delayed. On the other side, as individuals looked to improve water security and lessen reliance on municipal water supplies, the pandemic raised awareness of sustainable practices and water conservation, which promoted the development of rainwater gathering devices.
Global Rainwater Harvesting Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Ashwath Infratech, B.S. Rain Harvesting Co., FILTRACON, Graf UK Ltd, Harvest Rain, Heritage Water Tanks, Innovative Water Solutions LLC, Kingspan, Rainwater Connection, Rainwater Harvesting Ltd, Tosca Tech Rain Water Harvesting System, Water Field Technologies Pvt. Ltd., Watts Water Technologies.
Global Rainwater Harvesting Market Segmentation:
By Type: Based on the Type, Global Rainwater Harvesting Market is segmented as; Rain Barrel System, Dry System, Wet System, Green Roof System.
By Harvesting Method: Based on the Harvesting Method, Global Rainwater Harvesting Market is segmented as; Above Ground Harvesting, Under Ground Harvesting.
By Application: Based on the Application, Global Rainwater Harvesting Market is segmented as; Industrial, Commercial, Residential, Agricultural.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.