According to the latest report by IMARC Group, titled “Rainwater Harvesting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market size reached US$ 857.4 Million in 2018. Rainwater harvesting is the method of collecting and storing rainwater for future use. The rainwater may be stored in tanks or natural reservoirs where the water is further redirected into a deep pit like a well or borehole. This water is utilized in different ways, which may include irrigation or gardening, or after proper treatment of the same, can be used in households as high-quality drinking water. Practicing this method not only reduces urban flooding and soil erosion but also ensures water availability across water-scarce areas.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/rainwater-harvesting-market
Global Rainwater Harvesting Market Trends:
One of the key factors driving the growth of the market is the rapidly growing global population. This has significantly impelled the demand for safe drinking water, which is creating pressure on natural water resources. Consequently, there is a shift from natural water resources to the storage of water through various effective means, including rainwater harvesting. Furthermore, owing to its ease of maintenance and simple installation process, rainwater harvesting is one of the most widely adopted water harvesting mechanism across the globe. Moreover, governments of numerous countries are investing in campaigns and initiatives to encourage the adoption of this system in both domestic and industrial sectors. For instance, the Government of India has invested in the construction of numerous water harvesting structures across the rural and urban areas of the country, which is expected to aid in an equal distribution of and accessibility to drinking water. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 1,103.8 Million by 2024, exhibiting a CAGR of around 4% during 2019-2024.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/rainwater-harvesting-market/requestsample
Market Summary:
Browse related reports
Global Agricultural Harvester Market Research Report and Forecast 2019-2024: https://www.imarcgroup.com/agricultural-harvester-market
Global Agricultural Adjuvant Market Research Report and Forecast 2019-2024: https://www.imarcgroup.com/agricultural-adjuvants-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media ContactCompany Name: IMARC GroupContact Person: Richard LewisEmail: Send EmailPhone: 6317911145Address:309 2nd St City: BrooklynState: New YorkCountry: United StatesWebsite: www.imarcgroup.com