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According to IMARC Group latest report titled “North America Rainwater Harvesting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on Rainwater Harvesting market in North America. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America rainwater harvesting market size reached US$ 368.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 469.2 Million by 2027, exhibiting a growth rate (CAGR) of 4.01% during 2022-2027.
Rainwater harvesting refers to the process of collecting and storing rainwater for future purposes. It involves collecting rainwater from roads, rooftops, open grounds, and natural water bodies, such as rivers and streams. A rainwater harvesting system comprises a catchment that captures rainwater and a conveyance system that transfers water to the storage tank. The water is further treated to remove pollutants, chemicals, and fewer salts or suspended solids. It is commonly found in residential colonies, individual homes, farmhouses, educational institutions, farmlands, and industrial areas. As a result, processed rainwater is widely used for gardening, irrigation, domestic purposes and the conservation of wetlands.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The increasing awareness regarding rainwater harvesting majorly drives the market in North America. Along with this, consumers are rapidly shifting toward the practice of rainwater harvesting to manage the depletion of groundwater levels and reduce the intensifying pressure on natural water resources is impacting the market growth favorably. In line with this, numerous initiatives undertaken by the governments to propagate the adoption of rainwater harvesting systems due to an enhanced focus on sustainable development are contributing to the market. Moreover, the advent of modern equipment and storage facilities are creating a positive market outlook. Due to the growing population levels across the region and escalating demand of water for numerous agricultural purposes, this is providing a boost to the market growth. Some of the other factors driving the market further include rapid urbanization and easy installation and customization process of rainwater harvesting systems.
Explore Full Report with Table of Contents: https://www.imarcgroup.com/north-america-rainwater-harvesting-market
North America Rainwater Harvesting Market Segmentation:
Our report has categorized the market based on region, harvesting method and end-user.
Market Breakup by Harvesting Method:
Key highlights of the report:
We are updating our research report 2022-2027. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report. We deliver report with-in 24 hours.
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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.
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