Rainwater Harvesting Market in India 2017-2021
About Rainwater Harvesting
Rainwater harvesting is the accumulation and storage of rainwater runoff for various purposes. It is the most effective way for rainwater management and conservation. This harvested water can be then routed to subsurface in a process called ground recharge through infiltration ponds, trenches, and dams. There are two kinds of rainwater harvesting methods: Rooftop-based rainwater harvesting and surface-based rainwater harvesting. The benefits of rainwater harvesting include financial as well as resource savings.
Technavio’s analysts forecast the rainwater harvesting market in India to grow at a CAGR of 6.56% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the rainwater harvesting market in India for 2017-2021. To calculate the market size, the report considers the new installations.Technavio's report, Rainwater Harvesting Market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Rainwater Harvesting Market in India 2017-2021
Technavio recognizes the following companies as the key players in the rainwater harvesting market in India: D&D Ecotech Services, KRG India, N.S.& Associates, Osmosis India, and Water field technology.
Other Prominent Vendors in the market are: Alfaa UV, AZAD CONTRACTORS & TRADERS, Devi Polymers, ERA Hydro-Biotech Energy, FARMLAND RAINWATER HARVESTING SYSTEM, Global Aqua,JAD FERROCEMENTS, Kelvin Water Technologies, LAHS GREEN INDIA, Life Green Systems, Rostfrei Steels, Sheetal Tanks, Sunlight Consultancy, and Wetcomb.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing use of rainwater harvesting for ground water recharge. Most of the rainwater harvesting installations are surface-based. This method is employed to replenish groundwater resources. In the process of groundwater recharge, accumulated or reclaimed rainwater is routed to the subsurface through recharge pits, recharge trenches, tube wells, and recharge wells.”
According to the report, one of the major drivers for this market is Rise in residential construction activities. In India, the real estate is presently the second largest employer and is expected to grow by over one-third by 2025. The real estate sector comprises of housing, retail, hospitality, and commercial sector. The Government of India, with the confidence and active participation of respective state governments, has taken initiatives that will encourage the development of the construction industry across the region. Construction activity in the residential market will be supported by rapid urbanization, population growth, and positive developments in regional economic conditions. Because of increasing construction activity, there is an increased reliance on groundwater from borewells. Rooftop rainwater harvesting systems are now mandatory for new buildings in almost India’s 28 states and seven federally administered union territories. Government's constant efforts to improve the residential infrastructure plays a vital role in supporting the growth of the rainwater harvesting market.
Further, the report states that one of the major factors hindering the growth of this market is Growing demand for industrial water and wastewater treatment plants. The rainwater harvesting system is often associated with high cost of installation. The cost cannot be generalized, as it varies based on the site and size of the tank, and the system reaches its full potential of use only during monsoons. Hence, the investment in this system is not expected to provide benefit throughout the year. Therefore, the demand for water treatment plants is increasing in the country. Industrial and commercial end-users prefer water treatment systems over rainwater harvesting systems.
D&D Ecotech Services, KRG India, N.S.& Associates, Osmosis India, and Water field technology. Alfaa UV, AZAD CONTRACTORS & TRADERS, Devi Polymers, ERA Hydro-Biotech Energy, FARMLAND RAINWATER HARVESTING SYSTEM, Global Aqua,JAD FERROCEMENTS, Kelvin Water Technologies, LAHS GREEN INDIA, Life Green Systems, Rostfrei Steels, Sheetal Tanks, Sunlight Consultancy, and Wetcomb.