Rain Water Harvesting Systems market to expand at close to 7% CAGR through 2031

Published On : 11/17/2021

Persistence Market Research analysis projects the global rain water harvesting system market to expand at an impressive CAGR of close to 7% over the forecast period of 2021-2031.

A critical factor driving sales of rainwater harvesting systems is increasing consumption of water as a result of growth in population and rapid industrialization. Other demand drivers include decreasing freshwater availability, increased usage in agriculture, and rising commercial spaces across various countries.

While measures are being put in place to derive potable water from rain water harvesting, it is cited as a dependable source for various non-potable uses as well.

CLICK HERE TO GET A SAMPLE REPORT (INCLUDING FULL TOC, TABLE & FIGURES) – https://www.persistencemarketresearch.com/samples/28396

Key Takeaways from Market Study

• Rain water harvesting is gaining prominence as urbanization is taking shape. In emerging markets, these systems are being adopted as a means for water conservation due to the onset of the global water crisis and uneven rainfall patterns.
• Various government regulations are being formulated and system usage is being monitored to ensure that concerned areas have installed rain water harvesting systems, especially for new building retrofits.
• The U.S. is positioned as the top nation in the global market, with the highest market value share. Demand in the U.S. will increase at over 5% CAGR over the next ten years.
• In 2021, the market in Japan grew 5.8% year-on-year, bucking initial skepticism about how the market would perform during a global pandemic.
• Underground rain water harvesting systems (also popularly known as wet systems) are poised for lucrative growth over the forecast period. Cost feasibility and annual water compatibility are key factors leading to their high adoption rate, especially in residential areas.
• The market for application in the commercial area is expected to create an absolute dollar opportunity of US$ 560 Mn from 2021-2031. Rain water harvesting systems in commercial spaces such as public institutions, shopping malls, offices, hotels & restaurants, and other centers are expected to pick up, as these places have a trend of increasing water usage, for both, potable as well as non-potable purposes.

GET A CUSTOMIZED SCOPE TO MATCH YOUR NEED ASK AN EXPERT – https://www.persistencemarketresearch.com/ask-an-expert/28396

“The number of industrial and commercial end uses of rain water harvesting systems will surge with proliferated water usage over the next few years. Government initiatives and regulatory frameworks are crucial for market,” says a Persistence Market Research analyst.

Depletion of Freshwater Resources Leading to Increase in Water Harvesting Measures

Rapid population growth combined with industrialization, urbanization, agricultural intensification, and water-intensive lifestyles is resulting in a global water crisis. This is why the per annum water withdrawal rate has witnessed a robust increase in the last 10 years, leading to severity in ground water tables and freshwater resources for edible uses. In 2000, at least 1.1 billion of the world’s people – around one in five – did not have access to safe water.

Falling water tables are widespread and cause serious problems, both, because they lead to water shortages, and, in coastal areas, to salt intrusion. Both, contamination of drinking water and nitrate and heavy metal pollution of rivers, lakes, and reservoirs are common problems throughout the world.

World supply of freshwater cannot be increased. More and more people are becoming dependent on limited supplies of freshwater that is becoming more polluted. Water security, just like food security, is becoming a major international and regional priority in many areas of the world, thereby increasing the importance of rain water harvesting systems.

Read More Trending “PMR Exclusive Article”-  https://www.prnewswire.com/news-releases/rainwater-harvesting-system-market-to-expand-at-an-impressive-cagr-of-close-to-7-over-the-forecast-period-of-2021-2031—persistence-market-research-301317147.html

Competitive Landscape

According to the Persistence Market Research analysis, Kingspan Group PLC, Watts Water Technologies, Inc., Graf Group, and Water Harvesters are identified as key players manufacturing rain water harvesting systems.

………………………………………………………. ………………………. ……………………..

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

Contact us:
Persistence Market Research
305 Broadway, 7th Floor,
New York City, NY 10007
United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Web- https://www.persistencemarketresearch.com
…………………………………………………………………………………………………….
Japan Office:
Persistence Market Research
1-2-1 Kinshi Arca Central Building
14/F Tokyo, 130-0013
Japan
Call 1-888-863-3700
…………………………………………………………………………………………………….
Singapore Office:
Persistence Market Research
50 Chin Swee Road,
#09-04 Thong Chai Building,
Singapore 169874
……………………………………………………………………………………………………

Jessica Weisman-Pitts

Jesse Pitts has been with the Global Banking & Finance Review since 2016, serving in various capacities, including Graphic Designer, Content Publisher, and Editorial Assistant. As the sole graphic designer for the company, Jesse plays a crucial role in shaping the visual identity of Global Banking & Finance Review. Additionally, Jesse manages the publishing of content across multiple platforms, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.