The global rainwater harvesting market demonstrates a highly fragmented and competitive vendor landscape with a large pool of small and medium-scale players, states a new research report by Transparency Market Research (TMR). Some of the leading players operating in this market are Kinspan, Graf Group, Watts Water Technologies, WISY AG, D&D Ecotech Services, Innovative Water Solutions, Rain Harvesting Supplies, Stormsaver, Water Field Technologies, Climate Inc., Heritage Tanks, Water Harvesters, The Gulf Islands Rainwater Connection, and HarvestRain. These players have, hitherto, relied upon innovation and technological advancements to stand strong in this market and are expected to continue on the same path over the forthcoming years, states the research report.

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As per the research report, the worldwide market for rainwater harvesting offered an opportunity worth US$0.70 bn in 2016 and is projected to rise at a CAGR of 5.70% during the period from 2017 to 2025, reaching a value of US$1.14 bn by the end of the forecast period. Based on the method, the above ground rainwater harvesting method is more popular than the below ground method, owing to which the former enjoy the dominance in the global market. The residential, commercial, industrial, and the agriculture sectors has emerged as the leading end users of rainwater harvesting across the world. Geographically, Asia Pacific led the global market in 2016 and is expected to continue its leadership over the next few years, thanks to the rising number of rainwater harvesting installations, notes the market study.

Increasing Demand for Usable Water to Boost Market’s Growth

“The global rainwater harvesting market is observing exceptional growth, thanks to the continual rise in population, leading to an increased demand for clean, usable water and intensified pressure on water resources,” says an analyst at TMR. For the improvement of the usage of water resources in various countries, a number of conventional, as well as modern techniques, of which rainwater harvesting is an important part, are being increasingly developed.

Going forward, the continuing climate change and the constant depletion of ground water resources are putting great pressure on the accessibility of water resources, which is likely to fuel the need for water harvesting in the near future, reflecting on the growth of this market greatly, states the research report.

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High Initial Cost Required to Install Rainwater Harvesting Systems to Hamper Market

On the whole, the global rainwater harvesting market is expected to continue its growth trajectory in the near future. However, the need for high initial cost to install a rainwater harvesting system, although dependent of its size and the level of the technology, may hamper the market’s growth in the years to come. The climatic changes, resulting in poor rainfall, and the need for regular maintenance of these systems are also expected to limit their usage in the near future, impacting the market negatively, reports the study.

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