According to the latest report by IMARC Group, titled " North America Rainwater Harvesting: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the North America rainwater harvesting market size reached US$ 386.1 Million in 2022. Rainwater harvesting refers to the procedure of collecting and storing rainwater for human use or transforming it into groundwater. It comprises simple barrels and elaborate structures with pumps, tanks, filters, and purification systems for filtering various pollutants and unwanted particles from rainwater. It helps use rainwater for irrigating agricultural lands, cleaning and washing cars, and providing water to livestock. It also enables individuals to save rainwater, which can be later used in various household chores, including cooking, washing laundry, cleaning kitchenware, bathing, and flushing the toilet. It provides consumable water in locations wherein there is a scarcity of water. It enables industries to store ample water required for fabricating, processing, cleaning, sanitizing, diluting, and cooling purposes. Furthermore, as rainwater harvesting reduces municipal water consumption and water bills, it is gaining traction in North America.
North America Rainwater Harvesting Market Trends:
At present, the increasing practice of rainwater harvesting, as it is a sustainable method for water conservation and improving household water security, represents one of the crucial factors impelling the market growth in North America. Besides this, the rising environmental awareness among individuals is strengthening the growth of the market. In addition, governing agencies in the region are encouraging individuals and organizations to harvest rainwater and use it for their personal requirements to combat imminent water shortages. Apart from this, the increasing utilization of water in healthcare facilities for cleaning and washing to maintain hygiene and prevent the spread of infectious diseases is propelling the market growth in North America. Additionally, the rising availability of rainwater harvesting setups integrated with advanced purification systems is bolstering the growth of the market. Moreover, the declining levels of underground water are resulting in the increasing number of people that are adopting rainwater harvesting in the region. Looking forward, the market value is projected to reach US$ 485.7 Million by 2028, expanding at a CAGR of 3.8% during 2023-2028.
- On the basis of the harvesting method, above ground represented the largest segment, followed by underground.
- Based on the end-user, the market has been segmented into commercial, residential, and industrial. At present, commercial holds the biggest share in the market.
- Region-wise, United States enjoys the leading position in the market, followed by Canada.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
|Base Year of the Analysis
||Harvesting Method, End-User, Country
||United States, Canada
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