Increasing number of intense floods & storms and upsurge in innovations and urban techniques are driving the Asia-Pacific Stormwater Management Market in the forecast period 2024-2028.
According to TechSci Research report, “Asia-Pacific Stormwater Management Market – By Region, Competition, Forecast & Opportunities, 2018-2028F”, the Asia-Pacific Stormwater Management market is anticipated to grow at a high CAGR in the upcoming period owing to government initiatives, rising urbanization, an increase in the number and intensity of landslides due to heavy storms, snow & rainfall, among others, across the region.
Stormwater management is used to lessen the amount of precipitation or melted snow that enters roadways, lawns, and other areas. Stormwater management involves managing the collection, storage, and transport of stormwater as well as preparing for rainy overflow. When designing cities and housing projects, drainage is also taken into account by stormwater management. Local communities benefit from effective stormwater management on an economic, social, and environmental level.
People are embracing lifestyle changes by choosing clean and more sanitary water sources as a result of increased health awareness caused by the pandemic. The World Health Organization (WHO) has also advised all COVID-19 pandemic-affected countries to protect their water supplies since coronavirus transmission is more likely to happen when people consume contaminated, untreated water. The pandemic has thus had a beneficial effect on increasing awareness and knowledge of the use of stormwater management for pure water in diverse developing nations.
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Based on Type, the segment is fragmented into Infiltration, Retention, Screening, Separation, and Filtration. With a market share of 32.64% in 2022, infiltration is expected to dominate the Asia-Pacific Stormwater Management market. Infiltration lessens rainwater runoff, preventing road damage and lowering maintenance expenses.
Additionally, infiltration procedures are the most efficient way to encourage groundwater recharge and may boost baseflow or recharging of deeper aquifers in nations like India that experience modest and medium intensity rain and runoff storms.
Infiltration techniques that have been effectively installed also lessen the effects of floods during rainstorm events, especially minor and medium-sized ones. Systems of vegetated infiltration encourage photosynthesis and the storage of carbon. Larger plants, such as trees or flora that offers shade, might be included to lessen the impacts of heat islands.
Furthermore, infiltration reduces erosion, which boosts soil stability. This encourages the growth of flora, which helps to better stabilize a site and provides home for birds, pollinating insects, including small animals.
Based on Application Type, the segment is fragmented into Municipal, Commercial, Residential, and Industrial. Municipal is the dominating application segment in the Asia-Pacific Stormwater Management Market, accounting for a share of 41.35% in 2022. This is due to the large number of infrastructure projects pertaining to the collection of runoff water to avoid environmental and water pollution.
In order to prevent water pollution, municipalities around the region are constructing grassed swales, bio-retention ponds, and pervious pavement. These projects are also anticipated to create significant growth prospects in the years to come. The assistance from the municipalities is anticipated to have a major positive impact on both the wellbeing and performance of nearby water bodies as well as local citizens. Governments in the area are focused on stormwater management by giving money to municipalities to expand stormwater management infrastructure in the Asia-Pacific rising countries in order to close the water demand-supply imbalance.
Municipalities can collect wastewater through a variety of infrastructure initiatives, preventing environmental and water contamination. To stop water pollution, local governments all across the world are creating grassy valleys, biological reservoirs, and permeable rainwater recovery pavements.
In the country analysis, the Asia-Pacific Stormwater Management is fragmented into China, Australia, India, Japan, South Korea, New Zealand, Malaysia, Singapore, Indonesia, Vietnam, Thailand, Taiwan, Philippines, Laos, and Cambodia. Due to the increased urbanization and innovative developments in the area, China holds the largest share of the Asia-Pacific Stormwater Management Market in 2022 with a share of 24.09% and expected to maintain the highest CAGR in the upcoming years.
Key market players in the Asia-Pacific Stormwater Management Market include:
- Beijing Tidelion S&I Rainwater Harvesting Technology Co. Ltd
- ACO Group
- Toshiba Infrastructure Systems & Solutions Corporation
- PriMove Infrastructure Development Consultants Pvt Ltd
- Hangzhou Moonbay Industrial Co., Ltd
- Totetsu Mfg. Co., Ltd
- GRAF China Environmental (Nanjing) Co. Ltd
- RELN Pty Ltd
- Everhard Industries Pty Ltd
- Shenzhen Doctor Rain Rainwater Recycling Co. Ltd
- Oriental Consultants Global Co. Ltd
- ORCA Civil Products Pty. Ltd
- SMEC Holdings Limited
- Urban Asset Solutions Pty Ltd
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“The stormwater management market in Asia Pacific region is expected to maintain a high CAGR in the upcoming period owing to rising urbanization, an increase in the number and intensity of landslides due to heavy storms, snow & rainfall, and government investments in water management, among others. In addition, a financing deal of USD 251 million for integrated urban flood prevention and control in the Chennai-Kosasthalaiyar basin was reached between the Asian Development Bank (ADB) and the Government of India. Increasing Chennai’s flood resistance is the loan’s main goal. The Bruhat Bengaluru Mahanagara Palike (BBMP) in India agreed in October 2022 to put 5,000 rainwater harvesting (RWH) pits in parks and roadside drains to improve water flow and raise the groundwater table. The project had a total cost of about USD 1.07 million.” Therefore, these factors are fuelling the market growth of the Stormwater management in Asia-Pacific region in the upcoming years, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting organization.
“Asia-Pacific Stormwater Management Market, By Type (Infiltration, Retention, Screening, Separation, Filtration), By Product (Drainage Channel, Drainage Pipes, Storage Devices, Stormwater Pits, Storm Chambers, Drainage Fittings), By Application (Municipal, Commercial, Residential, Industrial), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Asia-Pacific Stormwater Management Market and provides statistics and information on market structure, size, share, and future growth. The report is intended 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 present in the Asia-Pacific Stormwater Management Market.
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