North America Rainwater Harvesting Market Report and Forecast 2024-2032

North America Rainwater Harvesting Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the North America rainwater harvesting market is projected to grow at a CAGR of 4.2% between 2024 and 2032 reaching a value of around USD 550.84 million by 2032. Aided by the easy customisation and installation process of rainwater harvesting systems and the rising demand for sustainable water management solutions, the market is expected to grow significantly by 2032.

Rainwater harvesting is a method that involves the collection, storage, and use of rainwater for various purposes such as irrigation, potable water supply, and stormwater reduction. This practice is gaining traction as a sustainable and reliable source of water, reducing dependence on traditional water sources like groundwater and municipal water supply, especially in areas where these sources are scarce or expensive.

The rising interest in sustainable water management is a significant driver of the North America rainwater harvesting market growth. As both the United States and Canada grapple with water scarcity due to climate change, urbanisation, and population growth, rainwater harvesting provides an attractive and eco-friendly alternative. This has led to a surge in demand for rainwater harvesting systems in residential, commercial, and agricultural sectors.

Moreover, the rising awareness about the environmental benefits associated with rainwater harvesting has further contributed to its increasing popularity, thus boosting the North America rainwater harvesting market development. Rainwater harvesting reduces the reliance on freshwater resources, helps in flood control, and contributes to the replenishment of groundwater levels. These environmental benefits, coupled with the potential cost savings on water bills, have spurred the adoption of rainwater harvesting systems across North America.

The widening applications of harvested rainwater in various sectors have also played a crucial role in propelling the rainwater harvesting market expansion. In agriculture, harvested rainwater is used for irrigation, providing a reliable water source during dry seasons. Commercial and residential buildings utilise harvested rainwater for non-potable uses such as flushing toilets, laundry, and landscape irrigation, significantly reducing their water consumption.

Additionally, ongoing technological advancements in rainwater harvesting systems, including smart monitoring systems and efficient filtration technologies, are further enhancing the North America rainwater harvesting market demand. These advanced systems provide greater efficiency, ease of use, and reliability, making them increasingly attractive to potential users.

Lastly, the growing interest in green building practices, such as LEED certification, is propelling the North America rainwater harvesting market forward. Rainwater harvesting systems contribute significantly to achieving sustainability goals in buildings, making them a sought-after component in green building designs.

Market Segmentation

The market can be divided based on material, type, harvesting method, end use, and country.

Market Breakup by Material

• Steel
• Concrete
• Plastic
• Fibreglass

Market Breakup by Type

• Rain Barrel Systems
• Dry Systems
• Wet Systems
• Green Roof Systems

Market Breakup by Harvesting Method

• Above Ground
• Underground

Market Breakup by End Use

• Commercial
• Residential
• Industrial

Market Breakup by Country

• United States of America
• Canada

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America rainwater harvesting market. Some of the major players explored in the report by Expert Market Research are as follows:

• Watts Water Technologies, Inc.
• Roth North America
• Bushman
• The Water Harvesting Solutions (Wahaso)
• The RainCatcher Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.