Rainwater harvesting is gathering the run-off from a structure or other impervious surface in order to store it for later usage. Traditionally, this entails the harvesting the rain from a roof. The rain will gather in gutters that channel the water into downspouts and then into some sort of the storage vessel. Rainwater collection systems can be as simple as gathering rain in a rain barrel or as elaborate as harvesting rainwater into large cisterns to supply your whole household demand.
Rainwater harvesting is becoming a practical alternative for supplying our households and businesses with water. There are several countries such as Germany and Australia where rainwater harvesting is a norm. With augmenting the awareness regarding green building movement, rainwater harvesting systems is projected to significant implementation in coming years.
According to the report analysis, ‘Rainwater Harvesting Market: Current Analysis and Forecast (2021-2027)’ states that some of the foremost players functioning in the market include Kingspan Group Plc., Watts Water Technologies, Inc., Otto Graf Gmbh Kunststofferzeugnisse, WISY AG, Innovative Water Solutions LLC, D&D Ecotech Services, Rain Harvesting Supplies, Inc., Water Field Technologies Pvt. Ltd., Stormsaver Ltd., and Climate Inc. Several M&As along with partnerships have been undertaken by these players to boost their existence in dissimilar regions. These companies in the rainwater harvesting market are actively working for registering the great value of market share, leading the highest market growth, obtaining the competitive edge, ruling around the globe, keep maintaining the governing position and generating the highest percentage of revenue by analysing the strategies and policies of government as well as contenders, increasing the features and benefits of rainwater harvesting, spreading the awareness connected to the applications and advantages of rainwater harvesting, implementing the policies of profit making and strategies of expansion, establishing the several research and development programs, decreasing the associated prices of such, delivering the better customer satisfaction, and employing the young and active personnel.
Above the beyond, the collection of rainwater is well-known by several names throughout the world. It varies from rainwater collection to rainwater harvesting to rainwater catchment. In addition, terms such as roof water collection or rooftop water collection is also utilized in other countries.
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Rainwater harvesting is a feasible technology in an urban setting. All that is required to take benefit of this resource is to capture the free water falling from the roof and direct it to a rainwater storage tank. By doing this, one can take control of your water supply and replace all or at least a considerable portion of their water requirements. Rainwater harvesting systems can be constructed to supply the whole house and/or any landscape.
Based on Harvesting Method, the Rainwater Harvesting Market is segmented into Above Ground and Below Ground. Above Ground is further segmented into Storage Tank and Ground Surface. Amongst Harvesting Method, the Above Ground segment of the market was valued at USD XX billion in 2020 and is likely to reach USD XX billion by 2027 growing at a CAGR of XX% from 2021-2027.
For a better understanding of the market implementation of Rainwater Harvesting Industry, the market is analyzed based on its occurrence in the regions such as North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. North America will register the Rainwater Harvesting market on account of growing water usage and urbanization.
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Ankur Gupta, Head Marketing & Communications