Stormwater Management Market is segmented By Technique (Biofiltration, Detention, And Infiltration, Rainwater Harvesting, Green Roofs), By End-User (Defense, Education, Government Healthcare, Retail, Others (Community, Mixed Use, Etc.) By Application (Commercial And Industrial Residential Municipal) and By Geography.
Global Stormwater Management Market reached a market size value of USD 13,430.79 million in 2020 and is expected to grow at a CAGR of 8.40% reaching a market size value of USD 14 million during the forecast period.
Stormwater is the standing water that is produced from the process of precipitation through raining, sleeting and the melting of snow. Consequently, Stormwater Management entails the controlling and reducing runoff and improving water quality gathered from the precipitation. This management of stormwater further prevents local bodies of water to be polluted run off; the process of stormwater management is a safer and more environmental friendly approach since it prevents damage to persons and properties.
During the forecast period, this market is expected to experience a significant growth due to factors such as, increase in the number of floods and storms, urbanization, growing number of landslides because of heavy rains and storm increases the adoption of stormwater management, technological advancements, increasing investments in water infrastructure and management systems, government initiatives and support towards having an advanced water management systems compared to the traditional one.
COVID-19 Impact on the Stormwater Management Market
The challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade have been put off in many countries. This in turn affected production, causing a fewer volume of product sales. Stormwater Management devices suppliers have also experienced backlash because imports and exports in almost all countries have been restricted, if not limited. Availability of labor became a problem too since shutdowns of facilities and operations halted the production of raw materials for equipment used in the stormwater management.
Controlling the widespread of the virus is a great challenge to almost all of the countries because many sectors will have to compromise and deal with the negative impact on their sales. Many industries will have to adapt and adopt to the changes that will be imposed upon them by their governments. A massive setback on the growth of the stormwater management market is the disruption of the supply chain since manufacturing and distribution by key players or companies are being limited, if not, controlled by governments by imposing lock downs and halting travels across borders. Ultimately, the pandemic caused limitations when it comes to man power and rendering of labor services because social distancing is mandatory and viral transmission should be prevented. Man power is an essential factor in the propelling of the market’s growth because manufacturing facilities, and conducting the actual stormwater management process cannot function when there’s limited people resources.
Factory shutdowns are also one of the main reasons for restraint in the growth of the market because the stoppage of production and manufacturing caused turmoil in terms of return of investments made by key players. The effect of the virus outbreak has caused a slow down in the investments made in the stormwater management sector.
Key Findings in the Stormwater Management Market
In terms of application, the market is segmented into municipal, industrial and commercial sectors. Municipal sector is projected to have the largest share accounted for in the market. This is mainly attribute to growth factors such as, government initiatives to promote reduction of pollution and regularize efficient use of stormwater, inclusion of stormwater management in building guidelines and urban planning.
The commercial and industrial segment leads the market as well, this is due to the increasing demand for commercial and industrial goods, government regulations as well as imposing standards and guideline in the stormwater management.
Regional Market Analysis
In terms of regional segmentation, Asia Pacific is projected to hold the largest share in the market during the forecast period. As per the United nations Economic and Social Commission, Asia pacific is the most prone region for natural disasters and recorded to have high number of storm-related incidences thereby, implementing efficient stormwater management to aid in mitigating potential health and environmental hazards.
Based on an extensive assessment, these major key players in the stormwater management market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, Contech Engineered Solutions LLC, Forterra, Inc., Advanced Drainage Systems, Inc., Urban Asset Solutions Pty Ltd, Resource Environmental Solutions, LLC, Hydro International UK Ltd., AquaShield, Inc., Oldcastle Infrastructure, Inc., StormTrap LLC and SMEC Holdings Limited, BioMicrobics, SPEL Stormwater, and StormwateRx LLC among others.
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• Data breakdown for every market segment (2021 – 2028)
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Industry Segmentation and Revenue Breakdown
Tools Analysis (Revenue, USD Million, 2021 - 2028)
• Grassed Swales
• Rain Gardens
• Pervious Pavement
• Green Roofs
Technique Analysis (Revenue, USD Million, 2021 - 2028)
• Detention and Infiltration
• Rainwater Harvesting
Application Analysis (Revenue, USD Million, 2021 - 2028)
End User Analysis (Revenue, USD Million, 2021 - 2028)
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Stormwater Management Industry Research Report
• Europe Stormwater Management Market Industry Research Report
• Asia Pacific Stormwater Management Market Industry Research Report
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