The increased instance of floods, storms, landslides, and other disasters are positively influencing the global storm water management market. Storm water management is the management and control of runoff by precipitation (snow, slit, melting snow and among others). Storm water management programs are eco-friendly and sustainable as they promote green infrastructures. The storm water management practices are efficient for resolving water pollution and water contamination. In addition, these programs have the potential to deal with wastewater management and efficient water recycling. The comprehensive support from government bodies enhances the demand and growth of the global storm water management market.
Market dynamics of Global Storm Water Management Market
Technological advancement and the rising rate of urbanization are paving the storm management market globally. Characteristics such as sustainable water management practices are enhancing the growth and expansion of the global storm water management market. For instance, efficiency to resolve water contamination, wastewater management, and efficient water recycling are some of the major characteristics propelling the market growth of global storm water management. Whereas, limitations such as water contamination which affects the water quality of various water bodies, chemical and microbial hazards in the aquatic ecosystem are some of the major restraining factors of the global storm water management market.
The rise of awareness among people for an eco-friendly and sustainable environment would serve as an opportunity in the field of storm water management market globally.
Scope and segmentation of Global Storm Water Management Market
The report highlights the competitive scenario within the global storm water management market, ranking all the major players according to the key recent developments and their geographic extensions. The insights on the global storm water management market are a result of our extensive primary as well as secondary research and expert’s reviews. These market estimates have been analyzed by PORTER’s five forces, PEST, and SWOT analysis. This report includes in depth analysis of the potential impact on micro-economic factors of the market.
The market segmentation of the report is categorized by type into biofiltrarion, infiltration, detention, rainwater harvesting, previous pavements, green roofs, and grassed swales; by application into commercial, industrial, municipal and residential; by end use Government, healthcare, education, defense, and retail among others and by geography into North America, Europe, Asia Pacific and Rest of the World (RoW).
The major players leading the global storm water management market are Forterra Inc., Opus Canada, Xylem, Advanced Drainage Systems Inc., Thompson Pipe Group Inc., Next Level Stormwater Management, StromTrap LLC., Contech Engineered Solutions LLC., Ecosol, Hydro International Ltd., Old Castle Precast Inc., AquaShield Inc., Suntree Technologies Inc., SWC Canada, Rinker Materials Inc., and EnviroScience.
Asia Pacific is expected to hold the maximum share in the global storm water management market in the forecasted period as this region is prone to natural disasters.
Market segmentation of Global Storm Water Management Market
By end use