United States Stormwater Management Market Major Players Analysis and Forecast Until 2028
Government initiatives and changes in weather patterns are expected to drive the United States Stormwater Management market growth in the forecast period.
According to TechSci Research report, “United States Stormwater Management Market – By Region, Competition Forecast & Opportunities, 2018-2028,” the United States Stormwater Management Market is expected to register a robust CAGR during the forecast period, 2024-2028. Retention of stormwater and removal of contaminants are the primary objectives of stormwater management. Poros permeable surfaces that allow rain and snowmelt to penetrate the ground, gray infrastructure such as those that contribute to stormwater management. Stormwater management is an effort aimed at reducing and channeling stormwater runoff or snowmelt from urban areas, roads, lawns, and homes in order to improve water quality. It also helps reverse the negative effects of urban and rural stormwater flooding caused by human activities such as agriculture and infrastructure construction. Rainwater is water that comes from rain or melting snow and ice. In natural conditions, rainwater is intended to permeate or evaporate into the ground. For example, in habitats such as forests, soils absorb large amounts of rainwater and plants store large amounts of rainwater with little runoff. In addition, forest components such as plants, grasses, leaves, and stems retard runoff, allowing water to slowly drain into rivers and underground. However, urban areas have very little vegetation, and walkways and surfaces are designed so that little or no water seeps into the soil. This results in increased surface runoff, which aids in stormwater management. Specifically, it reduces runoff and snowmelt from roads, lawns and urban areas, prevents harmful bacteria, chemicals, heavy metals, and eroded soils and improves water quality. Prevents other bacteria from entering wetlands, rivers, streams, lakes, or oceans.
With the help of green infrastructure, rainwater can be collected and reused. Green infrastructure helps protect and restore stormwater. It also acts as a natural water cycle and improves community safety. This includes natural means of filtering water, such as planting trees and restoring wetlands, rather than building water treatment plants.
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The United States Stormwater Management Market is segmented on the basis of tools type, segment, and application. Based on region, the market is divided into south, midwest, north-east, and west. During the projected period, the south region is expected to dominate the market during the forecast period owing to accelerating urbanization and innovative changes in the region. The South holds the dominant share of the country’s stormwater management market due to the presence of high rainfall states such as Mississippi, Tennessee, Arkansas, and Louisiana. Additionally, states such as Texas and Oklahoma are prone to numerous natural disasters such as hurricanes, tornadoes and hailstorms, which is expected to increase the demand for stormwater management in the region. In addition, government initiatives such as the Stormwater Grant Program (SWGP) and the introduction of new standards such as the Construction General Permit (CGP) for stormwater drainage from the construction sector will boost demand in the South region and is expected to increase over the years.
Based on application, the market is divided into municipal, commercial and industrial. During the projected period, the municipal segment is expected to dominate the market during the forecast period. This is because there are many infrastructure projects for municipalities to collect wastewater to avoid environmental and water pollution. Local governments across the country are building grassy valleys, biological reservoirs, and permeable rainwater recovery pavements to prevent water pollution. This is expected to provide tremendous growth opportunities in the coming years. Across the United States, community support is expected to bring significant benefits to the health and functioning of local populations and local water bodies. To bridge the gap between water demand and supply, the U.S. government is focusing on stormwater management by funding local governments to expand stormwater management infrastructure in all states. Therefore, stormwater management market players are encouraged to focus on the municipal sector for the application segment in order to gain more market share in the US stormwater management market.
Key market players in the United States Stormwater Management Market: –
- Contech Engineered Solutions, LLC.
- Forterra Inc.
- Advanced Drainage Systems, Inc.
- AquaShield, Inc.
- Hydro International UK Ltd.
- Oldcastle Infrastructure, Inc.
- StormTrap LLC
- Rinker Materials, Inc.
- Resource Environmental Solutions, LLC
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“The US Government has been making efforts in order to keep up to the changing weather. Allocating separate budget and investing billions for managing the stormwater will create a huge opportunity for this market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Stormwater Management Market By Tools Type (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, 2018-2028,” has evaluated the future growth potential of the United States Stormwater Management Market and provides statistics & 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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