India Rainwater Harvesting Equipment Market to Grow at Steady Rate During Forecast Period
Growing population and increasing demand for clean water to drive India rainwater harvesting equipment market through 2024
According to TechSci Research report, “India Rainwater Harvesting Equipment Market By Type, By Method, By Components, By End Use, Competition, Forecast & Opportunities, 2024” the India rainwater harvesting equipment market is expected to grow at a steady CAGR during the forecast period owing to the growing demand for clean water. Additionally, due to industrialization and urbanization the existing water sources are getting highly polluted, thus there is a need to store the fresh rainwater. Moreover, the emergence of smart cities and green buildings is one of the key trends in the rainwater harvesting equipment market. Further, the increasing government support and initiatives in promoting rainwater harvesting is anticipated to fuel growth of the market in the coming years. However, long return on investment period is likely to hamper the growth of the market during forecast period. Additionally, the system requires regular maintenance, which is also obstructing the growth of the market.
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The India rainwater harvesting equipment market is segmented based on type, method, component, end use, region and company, region and company. Based on type, the market can be divided into above ground and underground. The above ground segment is expected to dominate the market since this is a simple, effective, efficient and cost-effective method used for storing large quantities of water. Based on method, the market can be bifurcated into traditional and modern. The modern segment is expected to register significant growth during forecast period, owing to the growing awareness and popularity among population and increasing technological advancements. Based on component, the market can be categorized into gutters, conduit, first flushing, filter, storage tanks, recharging structure and others. The storage tanks are expected to hold significant market share attributable to their ease of availability and installation. Additionally, they are affordable and can store large quantity of water.
Enviro Engineers Pvt. Ltd., Adept Water Technologies Inc., Water Field Technologies Private Limited, D&D Ecotech Services, KRG India Research Centre for Rainwater Harvesting & Environment, N.S. Associates Pvt Ltd, Osmosis India Pvt. Ltd., Farmland Rainwater Harvesting System, Era Hydrobiotech Energy Pvt. Ltd., Aquascape India Private Limited and others are some of the leading players operating in India rainwater harvesting equipment market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, one such advancement or a new product is harvesting rainwater with modules made up of plastics. These modules are flexible in shape, provide durability and strength for long period of time and can also be used for storm-water detention.
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“India is one of the largest and fastest growing markets in the APAC region and is expected to create huge opportunities for the rainwater harvesting equipment market owing to the growing water scarcity problems and droughts in the country. Further, the Indian government has made it compulsory for all the existing or upcoming commercial and institutional buildings to have a rainwater harvesting system installed, which would further steer growth in the market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Rainwater Harvesting Equipment Market By Type, By Method, By Components, By End Use, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India rainwater harvesting equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India rainwater harvesting equipment market.
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