By Daniel Webster, dWeb.News Publisher
DUBLIN–(BUSINESS WIRE)–The “United States Stormwater Management Market, By Tools (Grassed Swales, Rain Gardens, Pervious Pavement, Green Roofs and Others), By Segment (Stormwater Management Tools, Maintenance Service), By Application, By Region, Competition Forecast & Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offering.
The United States Stormwater Management Market stood at USD5315. 63 million in 2020 and is projected to grow at a CAGR of 7. 79% to reach USD8434. 23 million by 2026, on the back of increasing number of floods and storms
An increase in the number and intensity of landslides due to heavy storms, snow and rainfall is expected to drive the adoption of stormwater management solutions for efficient water management and sustainable infrastructure development. In the future, the United States Stormwater Management Market will grow due to technological advances, increasing investments in water infrastructure and management systems, as well as shifting government focus towards advanced water management systems.
Stormwater Management includes the maintenance of stormwater systems as well as regulating stormwater collection, storage and movement. Stormwater management includes drainage when designing cities and housing developments. It includes stormwater management tools, its replacement, monitoring, and maintenance services. Local communities can reap the economic, environmental and social benefits of stormwater management.
The market can be divided into Grassed Swales and Rain Gardens, Pervious Pavement and Green Roofs based on Tools. Grassed Swales segment dominated the market in 2020 and is expected to maintain its market dominance during the forecast period. Grassed Swales are vegetated channels that treat stormwater runoff to a specific water quality level. Stormwater runoff flows through channels and is treated by vegetation filtering, filtering through subsoil matrixes, and/or infiltration in to the underlying soils.
The municipal segment was the largest contributing segment by application in 2020 and is expected to maintain its market dominance during the forecast period and this is due to the large number of infrastructure projects pertaining to the collection of runoff water to avoid environmental and water pollution carried out by the municipalities. There are many opportunities for growth in the future as municipalities across the country build grassed swales and bio-retention lakes.
Based on region, South region held the largest share in the United States Stormwater Management Market in 2020 and is expected to maintain the market dominance during the forecast period. The dominant share of the stormwater management market in the United States is held by the South region. This is due to the presence high-precipitating states like Louisiana, Tennessee, Arkansas and Mississippi.
States like Texas and Oklahoma are more susceptible to natural disasters like tornadoes and hailstorms. This will increase stormwater management services in the region.
Some of the major players operating in the United States Stormwater Management Market are
- Contech Engineered Solutions LLC
- Forterra, Inc.
- Advanced Drainage Systems, Inc.
- AquaShield, Inc.
- Hydro International UK Ltd.
- Oldcastle Infrastructure, Inc.
- StormTrap LLC
- Thompson Pipe Group
- Rinker Materials
- Resource Environmental Solutions, LLC
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021E
- Forecast Period: 2022F-2026F
United States Stormwater Management Market, By Tools:
- Grassed Swales
- Rain Gardens
- Pervious Pavement
- Green Roofs
United States Stormwater Management Market, By Segment:
- Stormwater Management Tools
- Maintenance Service
United States Stormwater Management Market, By Application:
United States Stormwater Management Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/dgjm20
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