PUBLISHER: TechSci Research | PRODUCT CODE: 1238806
PUBLISHER: TechSci Research | PRODUCT CODE: 1238806
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Asia-Pacific Stormwater Management Market stood at USD 2502.25 million in 2022 and is expected to register a CAGR of 10.18% during the forecast period. Stormwater management aims to lessen the amount of precipitation or melted snow that enters roadways, lawns, and other areas. Planning for rainfall overflow, keeping up with stormwater systems, and controlling the gathering, storing, and circulation of stormwater are all included. In addition to stormwater management, drainage is taken into account while designing cities and housing complexes. Local communities benefit from the effective management of stormwater on an economic, social, and environmental level.
The importance of blue-green infrastructure (BGI), a crucial nature-based solution (NBS) strategy for stormwater management solutions, has gained attention from the environmentally concerned populace and urbanization. It aids in replicating the ecological features of real wetlands, which may take in rainwater and lessen runoff. The use of smaller, dispersed facilities to handle water runoff has become more prevalent than bigger detention basins positioned below the drainage area. Green infrastructure initiatives include permeable pavements, rain gardens, bioretention cells (or bioswales), vegetative swales, infiltration trenches, green roofs, planter boxes, rainwater collection (rain barrels or cisterns), rooftop (downspout) disconnection, and urban tree canopies. The Asia Pacific stormwater management market is therefore anticipated to increase in the upcoming years as a result of green stormwater management solutions.
The increased number of property losses, flooding, damages, sizable detention facilities, and extensive stormwater infrastructure in the areas have led to a high need for stormwater management equipment. Low-impact development (LID) systems and sustainable drainage system (SuDS) techniques, which are being used throughout the Asia Pacific area for stormwater management, are often planned for certain levels of rainfall. The LID approach to site development and stormwater management is fast replacing other design approaches in the region for stormwater management. Runoff inhibition methods, runoff mitigation tactics, and treatment controls can all be employed to remove pollutants systematically. The Asia Pacific stormwater management market is expected to grow in line with this major trend during the duration of the forecast period.
Although consumer applications still account for the majority of IoT adoptions, the Internet of Things (IoT) has gone a long way in its comparatively short existence, and as a result, enterprises and even municipal governments have begun to rely on these technologies. IoT sensors and gadgets are continually being put around the city as the smart city idea gains traction. By 2022, investment in smart cities in the Asia-Pacific region is projected to total USD 35 billion, with over USD 4 billion anticipated to be spent this year alone in Singapore, Beijing, Shanghai, and Seoul. The advantages of IoT municipal infrastructure for stormwater management systems are practically endless. The market for stormwater management in Asia and the Pacific is expected to increase at an enormous rate throughout the forecasted period due to this key trend.
The Asia-Pacific Stormwater Management Market is divided into Type, Product, and Application. Based on type, the market is divided into Infiltration, Retention, Screening, Separation, and Filtration. Based on product, the market is segmented into Drainage Channel, Drainage Pipes, Storage Devices, Stormwater Pits, Storm Chambers, and Drainage Fittings. Based on application, the market is segmented into Municipal, Commercial, Residential, and Industrial.
Major market players in the Asia-Pacific Stormwater Management Market are 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 and Urban Asset Solutions Pty Ltd.
In this report, the Asia-Pacific Stormwater Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Stormwater Management Market.
TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: