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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:
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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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