The global rainwater harvesting market is set to reach nearly $962 million by 2020 according to market research by Technavio.
The market includes three main segments: Residential, commercial and industrial. The largest in 2015 was the commercial market with 42.6%, followed by the residential segment (30.6%) and the industrial segment (26.8%).
The commercial segment includes malls, hotels, educational institutions and hospitals where the use of non-potable water reuse systems can be high. Rainwater harvesting is cost-effective for buildings with large roofs and high demand for non-potable water.
The second largest market is the residential segment, which was valued at $233 million in 2015. Many local and regional governments promote residential water harvesting through grants, loans, discounts, and rebates. Some localities are beginning to mandate rainwater harvesting.
BusinessWire announcement: Global Rainwater Harvesting Market to Reach Nearly USD 962 Million by 2020. http://www.businesswire.com/news/home/20160217005062/en/Global-Rainwater-Harvesting-Market-Reach-USD-962
NewTerrain March 2, 2016