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Sunday, May 29, 2022

EMEA Rainwater Harvesting Market to be Driven by the Favourable Government Policies Aimed towards Water Conservation in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘EMEA Rainwater Harvesting Market Report and Forecast 2022-2027’, gives an in-depth analysis of the EMEA rainwater harvesting market, assessing the market based on its segments like materials, types, harvesting methods, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 296.2 million
• Forecast CAGR (2022-2027): 3.90%
• Forecast Market Size (2027): USD 327.7 million

The rainwater harvesting industry in EMEA region is driven by the favourable government policies aimed towards developing strategies to aid in water conservation. For instance, in June 2021, Poland initiated an ERDF-funded project for the development of home water retention technologies for homes and businesses to combat the rising issues of climate changes, including frequently occurring droughts in major parts of the world. In addition, the increasing emphasis on installing rainwater harvesting systems in residential buildings is likely to be a major driving factor for the market. Moreover, the stringent regulations pertaining to the efficient use of water in industrial applications are anticipated to further aid the market in the forecast period.

Industry Definition and Major Segments

Rainwater harvesting, also known as rainwater collection, is defined as a process of collecting, preserving, and using rainwater. In this process, rainwater is retained instead of allowing it to evaporate. Moreover, rainwater harvesting systems have been traditionally installed in industrial, commercial, and residential sectors owing to the increased necessity of water in various activities such as washing, manufacturing, and cleaning, among others.

On the basis of material, the market can be segmented into:

• Steel
• Concrete
• Plastic
• Fibreglass

Based on type, the market has been segmented into:

• Rain Barrel Systems
• Dry Systems
• Wet Systems
• Green Roof Systems

The market, based on harvesting method, can be bifurcated into:

• Above Ground
• Below Ground

The major end uses of rainwater harvesting include:

• Commercial
• Residential
• Industrial

The regional markets for rainwater harvesting include:

• Europe
• United Kingdom
• Germany
• France
• Italy
• Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• Nigeria
• South Africa

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Market Trends

There is an increasing focus on rainwater harvesting as a tool to confront the issues of water scarcity worldwide. The technological advancements in the rainwater harvesting techniques are likely to be the key trends supporting the market growth in the region. For instance, in December 2021, the Netherlands signed a partnership with the Inter Islamic Network on Water Resources Development and Management (INWRDAM) for the development and implementation of a three-year rainwater harvesting project for EUR 5 million. Moreover, in March 2021, Egypt announced that the country will be building new rainwater reservoirs in Burundi. Such developments are likely to propel the market growth in the forecast period.

Key Market Players

The major players in the market are Kinspan Group, Stormsaver Ltd, Otto Graf GmbH, Watts Water Technologies, Inc., Wisy AG, and Rainharvesting Systems Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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