Improving living standards and growing demand for sustainable water treatment methods are expected to drive the demand of the global stormwater green infrastructure market for the forecast period.
According to TechSci Research report, “Stormwater Green Infrastructure Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Type (Rainwater Harvesting, Grassed Swales, Rain Gardens, Pervious Pavement, Green Roofs, Green Parking, Others), By Segment (Stormwater Management Tools, Maintenance Service), By Application (Municipal, Commercial and Industrial) and By Region”, the global stormwater green infrastructure market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. The rapid rise in the level of stormwater is a significant contributing factor for the growing water pollution in the city premises. The storm waters consist of heavy water, bacteria, trash, and other harmful pollutants, which deteriorates the water quality present in local waterways. The major cause of stormwater is the heavy rainstorm which can cause flooding and damage property and infrastructure. The gray stormwater infrastructure was installed previously in the cities to efficiently manage the flow of stormwater and consists of gutter, pipes, and tunnels to move the stormwater away from the cities to treatment plants or other water bodies. The gray stormwater is aging and cannot handle the growing volume of stormwater with its present capacity that is generating the need for the adoption of advanced stormwater infrastructure. Green infrastructure lowers the stormwater discharges and can also treat the stormwater that is not retained. Stormwater green infrastructure boosts the groundwater quality and quantity with the help of sustainable solutions, including green roofs, green parking, rain gardens, bioswales, permeable pavements, urban tree canopy, among others, is expected to accelerate the market demand. Rain gardens enhance the aesthetics of the neighborhood and property and lower the occurrence of local flooding in the area. It improves the groundwater recharge and the infiltration and provides safety to the pedestrians by offering them place to walk.
However, a lack of awareness about the benefits of stormwater green infrastructure and initial capital costs may restrain the global stormwater green infrastructure market for the forecast period.
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Global stormwater green infrastructure market is segmented into type, segment, application, regional distribution, and company. Based on the type, the market is divided into rainwater harvesting, grassed swales, rain gardens, pervious pavement, green roofs, green parking, others. The rainwater harvesting segment type is expected to account for significant market share for the forecast period, 2022-2026. It is the most common technique and is also cost-effective. Rainwater harvesting systems lower stormwater pollution by collecting and slowing down the rainfall for later use. Building cisterns to ground level pits, nets, barrels, or other water-holding containers to collect the rainwater to prevent the occurrence of stormwater is bolstering the market demand.
Based on application, the market is divided into municipal, commercial, and industrial. The municipal application segment is expected to dominate the global stormwater green infrastructure market for the next five years. The increase in the technological advancements for efficiently managing stormwater and the rise in the investments by the leading authorities is driving the demand for green infrastructure in the municipal sector. The surge in focus by the leading authorities to devise the ways for efficient use of stormwater and the introduction of stringent regulations to reduce the water pollution in the urban areas is expected to accelerate the demand of global stormwater green infrastructure market for the next five years. Tetratech, Enviroscience, Inc., Apex Companies, LLC, Advanced Drainage Systems Inc., Forterra Inc., Contech Engineered Solutions, Resource Environmental Solutions LLC, Strand Associates, Nitsch Engineering, AquaShield, Inc. are the leading players operating in global stormwater green infrastructure market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market.
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“The growing adoption of green stormwater infrastructure across the globe due to the several benefits offered, including cost-effective solutions, boost the economy, and create job opportunities for maintenance and construction jobs. Stormwater green infrastructure also increases the green vegetation area and public recreational spaces and reduces the effect of wind and water pollution in the cities. Additionally, stringent government regulations and the rise in the initiatives taken by the leading authorities to build environment-friendly infrastructure and enhance the groundwater level quality coupled with huge investments are expected to propel the global stormwater green infrastructure market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Stormwater Green Infrastructure Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Type (Rainwater Harvesting, Grassed Swales, Rain Gardens, Pervious Pavement, Green Roofs, Green Parking, Others), By Segment (Stormwater Management Tools, Maintenance Service), By Application (Municipal, Commercial and Industrial) and By Region” has evaluated the future growth potential of global stormwater green infrastructure market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global stormwater green infrastructure market.
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