Increasing number of natural catastrophes andgrowing government initiativesto drive the demand for the United States stormwater management market through 2026.
According to TechSci Research report, “United States Stormwater Management Market– by Tools (Grassed Swales, Rain Gardens, Pervious Pavement, Green Roofs and Others), By Segment (Stormwater Management Tools, Maintenance Services), By Application (Municipal, Commercial and Industrial), By Region, Competition Forecast & Opportunities 2016-2026”,The United States stormwater management market stood at USD5315.63 million in 2020 and is projected to grow at a CAGR of 7.79% to reach USD8434.23 million by 2026. Stormwater infrastructure includes all the practices and measures to protect, restore, capture, filter and manage stormwater. It prevents or reduces the amount of water that flows into storm drains and is proved as an important practice for cities with combined sewer overflows. It includes rain gardens, permeable pavements, green roofs, infiltration planters, trees and tree boxes, and rainwater harvesting systems.
Browse 36 market data Figures and 8 data tables spread through 104 Pages and an in-depth TOC on “ United States Stormwater Management Market”
USA stormwater management market is segmented based on by Tools, By Segment, By Application and By Region. Based on Tools, the market is segmented into Grassed Swales, Rain Gardens, Pervious Pavement, Green Roofs and Others. Grassed Swales segment held the largest market share in 2020. As stormwater runoff flows through the channels, it is treated through filtering by the vegetation in the channel, filtering through a subsoil matrix, and/or infiltration into the underlying soils.
Based on application, the market is segmented into Municipal, Commercial and Industrial segments. Municipal segment is the largest contributing segment by application due to the large number of infrastructure projects pertaining to the collection of runoff water to avoid environmental and water pollution carried out by the municipalities. Municipalities across the country are building grassed swales, bio-retention ponds, and pervious pavement for restoring stormwater to avoid water pollution, which is further expected to bring vast growth opportunities over the coming years.
Players involved in the Unites States Stormwater Management Market are thus recommended to focus on offering the green infrastructure solutions to improve their sales as well as to strengthen their position in the stormwater management market across the country.
In the year 2020, to prevent the spread of COVID-19, the government implemented lockdown which impacted the Unites States Stormwater Management Market. According to TechSci Research’s estimates, the market suffered a decline of 2.81% in terms of value. This decline left a remarkable depreciation in the market, but the market is currently reviving and is set to overcome the descent in 2021-2022, owing to the shift towards the focus of all the organizations this pandemic has adversely affected the healthcare sector and the demand for hygienic water increased immensely in the country. The demand for the pure water from stormwater management systems in healthcare comes from the increased focus of the consumers on good health.
Based on region, South region accounted for the largest share in the Unites States Stormwater Management Market owing to the presence of highly precipitated states including Mississippi, Tennessee, Arkansas and Louisiana. Additionally, states like Texas, and Oklahoma, which are susceptible to large number of natural disasters such as hurricanes, tornadoes, hailstorms, etc. are expected to increase the demand for stormwater management in the region. Moreover, government initiatives such as Stormwater Grant Program (SWGP) and introduction of new standards such as Construction General Permit (CGP) for the discharge of stormwater from construction sector are expected to enhance the demand in the South and Midwest regions during the forecast period.
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Contech Engineered Solutions LLC, Forterra, Inc, Advanced Drainage Systems, Inc., AquaShield, Inc., Hydro International UK Ltd., Oldcastle Infrastructure, Inc. StormTrap LLC, Thompson Pipe Group, Rinker Materials, Resource Environmental Solutions, LLC, etc. are among the leading players operating in the United States stormwater management market. Companies operating in the market are using organic strategies such as product and services development through addition of new features, partnerships, mergers and collaborations to boost their share in the United States stormwater management market.
Stormwater Green Infrastructure includes all the practices and measures to protect, restore, capture, filter and manage stormwater. People have become more cautious towards their health and are incorporating lifestyle changes by adopting pure and more hygienic water options, which is expected to drive theUnited States Stormwater Management Market in the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Stormwater Management Market- by Tools (Grassed Swales, Rain Gardens, Pervious Pavement, Green Roofs and Others), By Segment (Stormwater Management Tools, Maintenance Service), By Application (Municipal, Commercial and Industrial), By Region, Competition Forecast & Opportunities 2016-2026” has evaluated the future growth potential of the United States stormwater management market and provides statistics and information on market size, 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 United States stormwater management market.
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