MARKET OVERVIEW- UNITED STATES RAINWATER HARVESTING SYSTEM MARKET
Rainwater harvesting is a process in which precipitation that falls on a site is diverted, captured, and stored for use on-site, as opposed to allowing it to run off, evaporate or infiltrate into the soil. A typical rainwater harvesting system includes a catchment, in which the rainwater is captured, and a conveyance system that transfers water from the catchment to the storage tank. In the storage tank, the water is treated to remove pollutants. Water treatment options include filtration, chemical disinfection or boiling. Filtration can remove some germs and chemicals. Treating water with chlorine or iodine kills some germs but does not remove chemicals or toxins. The processed rainwater is used for irrigation, gardening, drinking, domestic purposes. A rainwater harvesting system is built in individual homes, residential colonies and industrial areas.
MARKET DRIVERS
The United Statesn rainwater harvesting market is being driven by several factors. With the growing population, there is a rise in the demand for water in the region. The easy installation and customization process of rainwater harvesting system has boosted in the region. Further, the overall cost of installation and operation of these systems is much less than that of a water purifying or pumping system. Besides, rainwater harvesting is reducing the dependency on groundwater and helping in mitigating concerns regarding water scarcity and reducing ground water levels. Moreover, the overall cost of installation and operation of these systems is much less than that of a water purifying or pumping system.
MARKET OPPORTUNITIES
The growing expansion of business activities, urbanization, and climate change are creating a demand for water supply across the globe. Furthermore, the governments in several countries have started implementing rainwater harvesting policies to uplift water conservation. In the U.S, Colorado and Utah are the states that are currently heavily regulated to keep homeowners from harvesting and using the rain that falls on their property. Also, governments have initiated awareness campaigns to propagate the adoption of the Rainwater Harvesting System.
MARKET RESTRAINT
There are several factors hindering the Rainwater Harvesting System Market growth including, the quantum of runoff, features of the catchments, impact on the environment and the capacity of the storage tanks. Adding to that, rainfall distribution is a challenge for rainwater harvesting system installations across the region. There is an uneven distribution of rainfall across several countries. Such factors may limit the market growth in United States.
MARKET GROWTH CHALLENGES
The Covid-19 pandemic hampered the growth of market to major extent which has created a major challenge for the market growth. Uneven rainfall distribution is a challenge for rainwater harvesting system installations across the world. Also, lack of skilled work force is expected to be major hampering for the market growth over the forecast the period.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of United States 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 growing awareness regarding rainwater harvesting systems in various applications including, residential, commercial, agriculture and others is expected to witness the growth at a CAGR at specific CAGR from 2021-2028.
UNITED STATES RAINWATER HARVESTING SYSTEM MARKET SEGMENTAL OVERVIEW
The United States Rainwater Harvesting System market comprises of different market segment like harvesting method, product, installation and application.
UNITED STATES RAINWATER HARVESTING SYSTEM MARKET BY HARVESTING METHOD
By harvesting method, the Rainwater Harvesting System includes key segment of
Above ground, it 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. Furthermore, the below ground segment is growing in the United States Rainwater Harvesting System. Factors such as a sustained supply of fresh water available throughout the year, low investment, eco-friendly solutions, and natural irrigation for the crops contribute to the surface-based harvesting accounting for the major share. Moreover, its low product price and simple technique boost the above ground segment.
UNITED STATES RAINWATER HARVESTING SYSTEM MARKET BY PRODUCT
By product, 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. Factors such as the installation of a dry system that is quicker and cheaper than a wet system and growing application of these systems in residential and commercial sectors boost the segment growth. The dry system requires a low maintenance cost compared to the wet system. Furthermore, the wet system of rainwater harvesting is likely to witness a decent growth. Wet systems are economical for small to moderate sized projects for residential applications, and also feasible for commercial applications such as industrial usage.
UNITED STATES 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. The dry pump system is the easiest to install and is the most common type of more professional rainwater harvesting system. Furthermore, the indirect pumped system is growing in the United States rainwater harvesting system market. The installation of an indirect pumped system is growing, due to its flexibility.
UNITED STATES RAINWATER HARVESTING SYSTEM MARKET BY APPLICATION
By application, the Rainwater Harvesting System includes key segment of
- Residential
- Commercial
- Industrial
- Agricultural
Residential 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 market growth is influenced by factors such as an increase in green building certifications, a rising population and the growing drinking water and growing residential construction activities in the region boost the rainwater harvesting system market. Adding to that, commercial applications are growing in the rainwater harvesting system market due to the rising awareness regarding the benefits and cost effectiveness of these systems for commercial buildings, including schools, restaurants, hospitals and others.
COVID-19 IMPACT ANALYSIS ON UNITED STATES RAINWATER HARVESTING SYSTEM MARKET
COVID-19 is an incomparable global 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 Global 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 global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Furthermore, the pandemic has led to increased importance and recognition of the WASH sector in countries. Such factors are anticipated to create revenue opportunities for stakeholders in the rainwater harvesting market post the COVID-19 pandemic.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the United States Rainwater Harvesting System market is majorly focused on expanding the United States 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
- Watts Water Technologies, Inc (US)
- Graf Group (US)
- Innovative Water Solutions LLC (US)
- Caldwell Tanks, (US)
- Wahaso (US)
