Low water supply has led to practices such as rainwater harvesting and rainwater conservation. This fueled the demand for rainwater bins to store and preserve rainwater for later use. According to a new study by Future Market Insights (FMI), the rainwater cistern market will reach $1.97 billion in 2021.
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Rain buckets are very useful for conserving water for household water uses, such as washing cars, cleaning and even flushing toilets. Rain bins not only help reduce water bills, they also help in situations like runoff and wasted water.
The global rainwater storage market is highly segmented. Domestic players occupy a larger share of the market. Key players operating in the global stormwater bin market include ORBIS Corporation, Capi Europe BV, GRAF GMBH, Koolatron Corporation, ROTO Group UK, WISY AG, The Barrel Makers, Etils Limited., Oaklands Group Ltd., Good Ideas Inc. There is. , Algreen Products, Inc., Bosmere Products Ltd. and Emsco Group.
Open-head rainwater bins are commonly used worldwide due to their ease of handling. This sector is expected to expand 2.4 times that of head-type storm cisterns by the end of 2030. Also, the demand for rain cisterns made of plastic is expected to be quite high. The ease of use and competitive price of plastic rain cisterns will help sales during the forecast period.
Key highlights of Rain Barrel Market study:
Although the unprecedented COVID-19 outbreak has disrupted 2020, rainwater cistern sales are expected to recover in 2021 as the market grows 1.6% year-over-year
Growing interest in rainwater conservation could mean that the US can account for nearly 85% of sales in North America.
Steady growth is expected within the UK and 2021 will be a year of recovery with the market growing 1.4% year-over-year.
Both Germany and France will emerge as lucrative sales markets in Europe.
China will lead the rainwater bin market in East Asia, followed by Japan and South Korea.
“The demand for rainwater cisterns has grown rapidly due to the volatile climatic conditions in certain parts of the world. Rainwater bins with the latest technology are gradually entering the market. However, recyclability will remain the most important factor driving stormwater bin adoption. “Focus on government initiatives and water conservation practices will drive rainwater storage sales,” said an FMI analyst.
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Rain Barrel Market by Category
capacity type
25-75 gallons
75-125 gallons
125-175 gallons
175 gallons or more
material type
metal
plastic
wood
concrete and clay
head type
open head
tight hair
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Smart Rain Barrel Appears as a Game Changer
The use of traditional rainwater bins has been limited to storing water for harvesting rainwater. Technological advances and recent emergence of the Internet of Things (IoT) have created new possibilities. These advances enable real-time monitoring of rainwater bins. Integration with smartphone applications is a key game changer that allows users to monitor from their phone.
Weather forecasting and time-controlled charging are some of the newest features integrated into smart rain bins. Better water management through automatic discharge and buffering capacity creation in rainwater bins. Thanks to the integration of machine learning and artificial intelligence, rainwater bins can now study weather forecasts. These developments are expected to be key game changers.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in more than 150 countries. FMI is headquartered in Dubai, the world’s financial capital, with distribution centers in the United States and India. The latest FMI market research reports and industry analysis is to overcome the challenges in the enterprise is intense competition, helps to clarify the important decisions with confidence. Customized and syndicated market research reports provide actionable insights to drive sustainable growth. A team of FMI expert-led analysts track new trends and events in a wide range of industries to ensure clients meet the evolving needs of consumers.
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