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EMEA Rainwater Harvesting Market to Grow at a CAGR of 3.90% During 2022-2027, Aided by the Growing Government Investments towards Rainwater Conservation Strategies

According to a new report by EMR titled, ‘EMEA Rainwater Harvesting Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 296.2 million in 2021. The market is further expected to grow at a CAGR of 3.90% between 2022 and 2027 to reach USD 327.7 million by 2027.

The EMEA rainwater harvesting industry is being driven by growing adoption of gravity feed and direct feed rainwater harvesting systems in the region owing to the significant advantages offered by them. For instance, gravity feed systems require less pump maintenance and offer great energy efficiency. Hence, these systems are likely to witness an increased adoption in the residential sector. Meanwhile, the growing application of rainwater harvesting owing to the rising demand for water for gardening activities and to carry out various domestic chores such as cleaning, laundry, and bathing, among others is anticipated to aid the market in the forecast period. Meanwhile, the rising prices of water, coupled with the greater incentives on water conservation provided by the governments across Europe is anticipated to provide impetus to the market growth in the forecast period. The rising demand for water from the industrial and commercial sector in the region, owing to the rising population and rapid urbanisation, is likely to aid the market in the region. Furthermore, countries like Belgium have a national legislation that encourages people to use rainwater harvesting systems to carry out various activities involving the use non-potable water such as toilet flushing. The regulations are in place not just to conserve water, but also to reduce events like urban storm runoff.

The growing adoption of water conservation strategies by various companies to ensure the steady supply of water for industrial applications, while making efforts to mitigate the global concerns pertaining to water shortage is expected to support the market growth in the forecast period. For instance, in  December 2019, Kingspan Group Plc (OTCMKTS: KGSPY) announced that the company will be launching a major 10-year strategy aimed towards reducing the carbon emissions by 45% at the global level by 2030. Under this strategy, Kingspan aims to harvest 100 million litres of the company’s water usage from rainwater.

Market Breakup by Material, Type, Harvesting Method, End Use, and Region:

  • The market is segmented based on material into steel, concrete, plastic, and fibreglass.
  • Based on type, the market is divided into rain barrel systems, dry systems, wet systems, and green roof systems.
  • The bifurcation of the market, based on harvesting method includes above ground and below ground.
  • The major end uses considered in the market are commercial, residential, and industrial.
  • Region-wise, the EMEA market for rainwater harvesting can be divided into Europe and the Middle East and Africa.

Key Findings of the Report:

  • The rainwater harvesting market in the region is being driven by the increasing demand for water from the industrial and commercial sector.
  • The favourable government policies aimed towards conserving water, promoting the use of rainwater harvesting is likely to boost the market growth.
  • The rising prices of water in parts of Europe, coupled with the growing concerns pertaining to water shortage are anticipated to provide an impetus to the market in the forecast period.
  • The market is expected to be aided by the advancements in rainwater harvesting techniques.

Key Offerings of the Report:

  • The EMR report gives an overview of the EMEA market for rainwater harvesting for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the materials, types, harvesting methods, end uses, and major regions of rainwater harvesting.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the EMEA rainwater harvesting market are Kinspan Group, Stormsaver Ltd, Otto Graf GmbH, Watts Water Technologies, Inc., Wisy AG, and Rainharvesting Systems Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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