Rainwater Harvesting Market is projected to rise at CAGR of 6% during forecast period 2019 to 2027. Rainwater Harvesting Market is driven by factors such as water scarcity, significant urbanization, and flooding.
Global Rainwater Harvesting Market is estimated to surpass ~US$
1.3 Bn by 2027
In terms of value, the global rainwater harvesting market is anticipated to
expand at a CAGR of ~6% from 2019 to 2027
The earth’s surface is covered with about 70% of water; however, 97% of the total
water available on the earth is saline and only 3% of it is fresh water. Out of the
total fresh water available, ~70% is in the form of snow cover and glaciers,
~31% is groundwater, and around 0.3% is present in rivers and lakes.
Globally, 69% of the water withdrawn is used for agricultural purposes; 23% is
employed for industrial purposes; and 8% is used for domestic purposes.
Demand for fresh water is increasing rapidly across the globe. This has resulted in
extensive usage of existing water supplies such as groundwater sources. The level
of groundwater has reduced significantly, resulting in scarcity of fresh water.
Several countries have started making use of the previously unexploited
Rainwater harvesting is a technology utilized to collect rainwater from land
surfaces, rooftops, and rock catchments, and storing it for future use. Harvested
water has been a good alternative source to fresh water. Additionally, rainwater
harvesting is an eco-friendly technology that is also called ‘green practice,’ as it
does not hamper the environment.
High Cost of Rainwater Harvesting to Hamper Demand
In developed countries, rainwater harvesting systems incur high initial
investments, which vary depending on the size and technology of the plant.
These systems also require regular maintenance. High cost of rainwater
harvesting is a major factor that is expected to hamper the global market. It is
also anticipated to hinder the adoption rate of rainwater harvesting in various
Low storage capacity adversely affects the demand for rainwater harvesting, while
high storage capacity adds to construction and operating costs, making the
technology less economical.