North America Rainwater Harvesting Market Outlook
According to a new report by Expert Market Research titled “North America Rainwater Harvesting Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the North America rainwater harvesting market is projected to grow at a CAGR of 4.2% between 2023 and 2028. Aided by the easy customisation and installation process of rainwater harvesting systems and the rising demand for sustainable water management solutions, the market is expected to grow significantly by 2028.
Rainwater harvesting is a method that involves the collection, storage, and use of rainwater for various purposes such as irrigation, potable water supply, and stormwater reduction. This practice is gaining traction as a sustainable and reliable source of water, reducing dependence on traditional water sources like groundwater and municipal water supply, especially in areas where these sources are scarce or expensive.
The rising interest in sustainable water management is a significant driver of the North America rainwater harvesting market growth. As both the United States and Canada grapple with water scarcity due to climate change, urbanisation, and population growth, rainwater harvesting provides an attractive and eco-friendly alternative. This has led to a surge in demand for rainwater harvesting systems in residential, commercial, and agricultural sectors.
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Moreover, the rising awareness about the environmental benefits associated with rainwater harvesting has further contributed to its increasing popularity, thus boosting the North America rainwater harvesting market development. Rainwater harvesting reduces the reliance on freshwater resources, helps in flood control, and contributes to the replenishment of groundwater levels. These environmental benefits, coupled with the potential cost savings on water bills, have spurred the adoption of rainwater harvesting systems across North America.
The widening applications of harvested rainwater in various sectors have also played a crucial role in propelling the North America rainwater harvesting market expansion. In agriculture, harvested rainwater is used for irrigation, providing a reliable water source during dry seasons. Commercial and residential buildings utilise harvested rainwater for non-potable uses such as flushing toilets, laundry, and landscape irrigation, significantly reducing their water consumption.
Additionally, ongoing technological advancements in rainwater harvesting systems, including smart monitoring systems and efficient filtration technologies, are further enhancing the North America rainwater harvesting market demand. These advanced systems provide greater efficiency, ease of use, and reliability, making them increasingly attractive to potential users.
Lastly, the growing interest in green building practices, such as LEED certification, is propelling the North America rainwater harvesting market forward. Rainwater harvesting systems contribute significantly to achieving sustainability goals in buildings, making them a sought-after component in green building designs.
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North America Rainwater Harvesting Market Segmentation
The market can be divided based on material, type, harvesting method, end use, and country.
Market Breakup by Material
- Steel
- Concrete
- Plastic
- Fibreglass
Market Breakup by Type
- Rain Barrel Systems
- Dry Systems
- Wet Systems
- Green Roof Systems
Market Breakup by Harvesting Method
- Above Ground
- Underground
Market Breakup by End Use
- Commercial
- Residential
- Industrial
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the North America rainwater harvesting companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Watts Water Technologies, Inc.
- Roth North America
- Bushman
- The Water Harvesting Solutions (Wahaso)
- The RainCatcher Inc.
- Others
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