Rainwater Harvesting System Market Introduction
The climate change is a well-known fact today that has significantly impacted the availability fresh-drinking water at a global level. Rainwater harvesting system has emerged as a new development in the market that can harvest water collected after rains that usually gets drained out and eventually becomes unavailable to consumers. Globally, the participants of rainwater harvesting system market are increasing. These participants offer rainwater harvesting system services either as original equipment manufacturer or as independent suppliers. Furthermore, these service providers offer different types of rainwater harvesting system that include rain barrel system, dry system, wet system and green roof system that can be installed either above ground or underground.
Rainwater Harvesting System Market Dynamics
Rainwater Harvesting System Market Drivers
The factors driving the growth of global rainwater harvesting system market can be attributed to the increasing awareness among consumers towards decreasing fresh water volume across the geographies. Being more aware of it, consumers are preferring rainwater harvesting system extensively in order to maintain continuous fresh water supply at their residences.
The increasing demand for rainwater harvesting system from farmers and big cultivars is also one of the key driving factor for the growth of global rainwater harvesting system market. The reason for this increase demand from agriculturalists is the high requirement of water for irrigation that is a necessity for the maintenance of crop yield and to tackle climate calamities such as drought. Therefore, harvesting the rain water and storing it for future use has become a reliable option for them. As a consequence, the demand of rainwater harvesting system for agricultural applications has increased drastically and is expected to grow further in coming years.
Rainwater Harvesting System Market Restraints
The high costs of installing rainwater harvesting system is a potential factor that restrains the consumption of rainwater harvesting system from small farmers who cannot afford such costly installations. Furthermore, the maintenance required for the smooth functioning of rainwater harvesting system can significantly hamper the sales of rainwater harvesting system.
Rainwater Harvesting System Market Trends
The aftersales segment of global rainwater harvesting system market by sales channel is expected to dominate in regions such as North America and Europe as the number of rainwater harvesting system already installed is high in these regions and this increases the demand for repair and maintenance, hence, a dominating share of the after sales market is observed.
Rainwater Harvesting System Market Segmentation
The global Rainwater Harvesting System Market can be segmented on the basis of type, harvesting method, sales channel, installation and service provider.
On the basis of type, the global rainwater harvesting system market can be segmented as:
On the basis of harvesting method, the global rainwater harvesting system market can be segmented as:
On the basis of sales channel, the global rainwater harvesting system market can be segmented as:
On the basis of installation, the global rainwater harvesting system market can be segmented as:
On the basis of service provider, the global rainwater harvesting system market can be segmented as:
Rainwater Harvesting System Market Participants
Some of the market participants identified across the value chain of global rainwater harvesting system market are:
Rainwater Harvesting System Market Regional Outlook
North America and Europe are expected to be prominent market regions for the global rainwater harvesting system market. Increasing agricultural, commercial, industrial and residential end-user segments of rainwater harvesting system in Asian countries is expected to create a significant hike in the demand from East Asia and South Asia.
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