MARKET OVERVIEW- EUROPE RAINWATER HARVESTING SYSTEM MARKET
Rainwater harvesting is the collection and storage of rain, rather than allowing it to run off. Rainwater is collected from a roof-like surface and redirected to a tank, a deep pit or reservoir with percolation. So that it seeps down and restores the ground water. Rainwater harvesting is an innovative technique utilized to harvest rainwater from roofs and other above surfaces. There are two kinds of rainwater harvesting methods, such as rooftop-based rainwater harvesting and surface-based rainwater harvesting. The benefits of rainwater harvesting include financial as well as resource saving.
MARKET DRIVERS
The rainwater harvesting market is driven by the rapidly increasing Europe 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 through various effective means, such as rainwater harvesting, to keep the depletion of groundwater levels in check. Furthermore, owing 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 country. Adding to that, governments of countries are promoting campaigns and initiatives to encourage the adoption of rainwater harvesting in both domestic as well as industrial sectors. Moreover, the government also offer tax relaxations and incentives to promote the use of these systems.
MARKET OPPORTUNITIES
The growing water consumption across the region and rising demand for rainwater harvesting systems from farmers and big cultivars have ultimately created a lucrative opportunity for the market. Increased water demand, decreasing freshwater availability, and industrial usage of water has put pressure on existing water resources and it created an opportunity for water conservation in the region.
MARKET RESTRAINTS
The rainwater harvesting system market has a few restraining factors, like unpredictable rainfall and unavailability of the proper storage system. Also, the regular maintenance, high initial cost and regular maintenance are some major factors affecting the market growth. Besides, the lack of a skilled workforce for the installation of the system is another factor restraining the Rainwater Harvesting System market growth.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of Europe Rainwater Harvesting System Market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing application of rainwater harvesting systems in residential and commercial application and growing awareness regarding rainwater harvesting systems in the region is expected to witness the growth at a CAGR at specific CAGR from 2022-2028.
EUROPE RAINWATER HARVESTING SYSTEM MARKET SEGMENTAL OVERVIEW
The Europe Rainwater Harvesting System market comprises of different market segment like harvesting method, product, installation, application and country.
EUROPE RAINWATER HARVESTING SYSTEM MARKET BY HARVESTING METHOD
By harvesting method, the Rainwater Harvesting System includes key segment of
Above ground rainwater harvesting methods are expected to dominate the market over the forecast period. The aboveground harvesting system is further segmented into storage tanks and ground surface. The aboveground harvesting system allows us to store water in the garden without the need for a big project to install a tank underground. The above-ground systems take space about 800 to 4000 liters. Watering plants using rainwater is much eco-friendlier than tap water or more-cost effective for the long period.
EUROPE RAINWATER HARVESTING SYSTEM MARKET BY PRODUCT
By products, the Rainwater Harvesting System includes key segment of
- Rain Barrel System
- Dry System
- Wet System
- Green Roof System
The dry system is anticipated to lead the market, gaining the majority of the market share in 2021, and is expected to maintain its dominance over the estimated time period. In a dry system, the pipes from gutters run directly into the top of the tank. Because the pipes are above inlets, they are able to fully empty into the tank and stay dry after it rains. Dry system installation is quicker, easier and cheaper than a wet system as customers don’t need many pipes and don’t need to dig. Furthermore, the wet system is growing in the European rainwater harvesting system market. In a wet system, the pipes from the gutters go down and underground, then up into tanks. Because they travel underground and sit below the level of tank inlets, these pipes remain in water. Wet system installation is more expensive as it needs to dig a trench to bury plumbing.
EUROPE RAINWATER HARVESTING SYSTEM MARKET BY INSTALLATION
By installation, the Rainwater Harvesting System includes key segment of
- Direct Pumped
- Indirect Pumped
- Indirect Gravity
Direct pumped rainwater harvesting systems are expected to dominate the market over the forecast period. It is a very simple system to install. Dry systems require low maintenance as the pipes automatically dry out between rain events and stop the build-up of contaminants. Further, the indirect pumped segment is growing in the rainwater harvesting system market, due to its great flexibility. Indirect systems work in a similar way to a direct system.
EUROPE RAINWATER HARVESTING SYSTEM MARKET BY APPLICATION
By application, the Rainwater Harvesting System includes key segment of
- Residential
- Commercial
- Industrial
- Agricultural
The residential sector is anticipated to lead the market, gaining the majority of the market share in 2021, and is expected to maintain its dominance over the estimated time period. The growing population and usage of water and rising adoption of the product in residential applications are the major factors boosting the segment growth. Some countries like Germany have mandated installation of rainwater harvesting systems in new construction buildings. The growing residential construction and green building construction in the region to develop environmentally friendly and resource-efficient buildings further boost the European rainwater harvesting system market.
EUROPE RAINWATER HARVESTING SYSTEM MARKET BY COUNTRY
The Europe Rainwater Harvesting System market is studied for the following countries
- United Kingdom
- Germany
- France
- Spain
- Italy
- Rest of Europe
The United Kingdom is anticipated to witness an increasing demand for a Rainwater Harvesting System owing to the presence of well -established market players. The growing population in countries such as the UK and Germany further boosts the market growth. Further, the government is promoting rainwater harvesting methods and is expected to boost the rainwater harvesting market in the coming years. For instance, German consumers get rain tax reduction by converting their impervious roof into a porous one. Furthermore, advantages such as lowering of water bills, reducing soil erosion and floods, and helping in irrigation are some factors boosting the market growth in the region.
COVID-19 IMPACT ANALYSIS ON EUROPE RAINWATER HARVESTING SYSTEM MARKET
COVID-19 is an incomparable Europe public health emergency that has affected almost every industry, and the long-term effects are projected to impact industry growth during the forecast period. In addition, complete analysis of changes in the Europe Rainwater Harvesting System market expenditure, economic and international policies on the supply and demand side. The report also studies the impact of the pandemic on Europe economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Further, with the arrival of COVID-19, manufacturers in the rainwater harvesting market are increasing the production of systems that filter out bacteria and chlorine. However, storage limits for rainwater harvesting is a restraining factor in its adoption.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the Europe Rainwater Harvesting System Market is majorly focused on expanding the Europe growth of Rainwater Harvesting System with new product innovation, business expansion, and an increasing presence of a range of manufacturers operating in Rainwater Harvesting System has led to the growing demand for the market. Besides, the market offers a range of products for different end-users to fulfill the required demand of consumers, which is further contributing to healthy growth in the market.
The key players studied in market are
- Kingspan Group PLC (UK)
- WISY AG (Germany)
- Stormsaver Ltd, (UK)
- Molloy Precast Products Ltd.,
- Aquaco Water Recycling Limited, (UK)
