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Rise in number of natural disasters and aging water collection systems
coupled with increasing shift towards adoption of advanced water management
systems to drive global stormwater management market through 2023

According to TechSci Research report, “

Global Stormwater Management Market

By Tool, By Application, By Region, Competition Forecast &
Opportunities, 2013 – 2023

’’, the global stormwater management market is forecast to reach $ 18.4
billion by 2023, owing to rising number of floods and storms and increasing
regulations aimed at efficiently managing wastewater and stormwater. Rising
global population is boosting the consumption of water, and to cater the
surging demand for fresh water, both private and public water managing
companies are shifting their focus towards the management of surface run
off. Moreover, growing urbanization and expanding industrial sector is
increasing the level of contamination in freshwater sources. With growing
focus of governments on increasing the level of groundwater and minimizing
land losses due to heavy rainfall and flood, stormwater management market
is expected to register strong growth over the coming years, globally.

Browse 23 market data Tables and 98 Figures spread through 144 Pages and an
in-depth TOC on “Global Stormwater Management Market”

Stormwater management majorly finds application in municipal, industrial
and commercial sectors. Municipal sector accounts for the dominating share
in the global stormwater management market, on the back of increasing
number of government regulations to minimize the pollution and make
efficient use of stormwater. Increasing investments and growing
technological advancements to upgrade water management infrastructure have
shifted the governments and private companies’ focus to stormwater
management as compared to conventional methods of water and wastewater
management. Additionally, government standards and guidelines to include
stormwater management in building guidelines and urban planning, majorly in
developed economies, is expected to boost the use of stormwater management
services across various sectors, globally.

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On the basis of tools, global stormwater management market is segmented
into grassed swales, rain gardens, pervious pavement, green roofs and
others. Grassed swales and rain gardens are the two major tools which are
widely used in stormwater management, backed by their easy construction,
maintenance and high efficiency in collection of stormwater along the
roadsides, bridges and other areas. “North America leads the global
stormwater management market, owing to stringent government regulations and
availability of advanced technological tools for stormwater management in
the region. Moreover, increase in number of floods and storms, and high
rain and snowfall is expected to drive the implementation of stormwater
management in North America over the coming years. Furthermore, in
developing countries, rising government initiatives and investments to
build sustainable infrastructure and to improve groundwater level &
quality would drive the demand for stormwater management until 2023.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.

Global Stormwater Management Market

By Tool, By Application, By Region, Competition Forecast &
Opportunities, 2013 – 2023

” has evaluated the future growth potential of 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 global
stormwater management market.