Report ID: UCMIG20H2010
Report ID:
UCMIG20H2010 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global rainwater harvesting market was valued at over USD 6 billion in 2020 and is expected to grow at a CAGR of 4% between 2021 and 2027. The market growth is driven by the increasing water scarcity and growing population worldwide. The rising demand for water in the agriculture sector is also expected to boost the demand for rainwater harvesting systems. Additionally, factors such as urbanization, expansion of business activities, and climate change are putting a strain on the global water supply, further fueling the growth of the market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural & Farm Machinery by segment aggregation, the contribution of the Agricultural & Farm Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20H2010