Rising Urbanization to Drive Asia Pacific Stormwater Management Market to $ 1.9 Billion by 2023
Increase in the number of
rainstorms and floods coupled with growing government initiatives and
investments in stormwater management to drive Asia-Pacific stormwater
management market through 2023
According to TechSci Research report, “Asia Pacific Stormwater Management Market By Tool, By Application, By
Country, Competition Forecast & Opportunities, 2013 – 2023", stormwater management market in
Asia-Pacific is forecast to reach $ 1.90 billion by 2023, owing to increasing
number of intense floods and storms, and government regulations aimed at
efficiently managing wastewater and stormwater across the region. With growing
population in the region, water consumption is also increasing, thus to cater
the demand for safe and quality water, both private and public water management
companies are shifting their focus towards the management of surface run off.
Moreover, growing urbanization and industrial sector are increasing the level
of contamination in freshwater sources. With growing focus of governments on
increasing the groundwater level and minimizing land losses due to heavy
rainfall and flood, the region’s stormwater management market is expected to
register strong growth in the coming years.
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TOC on "Asia-Pacific
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Municipal sector accounts for the dominating
share in the Asia-Pacific stormwater management market, on the back of
increasing number of government regulations aimed at minimizing water pollution
and making efficient use of stormwater. Increasing investments and growing
technological advancements to upgrade water management infrastructure are also shifting
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 developing economies like India,
are expected to boost the application of stormwater management across various sectors
in the region.
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“China leads the Asia-Pacific stormwater
management market, owing to stringent government regulations and availability
of advanced technological tools for stormwater management in the country. In
the coming years, with increase in number of floods and storms, and high rain
and snowfall in Asia-Pacific, implementation of stormwater management is
anticipated to grow at a robust pace. Moreover, increasing government
initiatives and investments to build sustainable infrastructure and improve
groundwater level and quality would drive the demand for stormwater management
in the region.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Asia Pacific Stormwater Management Market By Tool, By
Application, By Country, 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 to take sound
investment decisions. Besides, the report also identifies and analyses the
emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific
stormwater management market.
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