Intense Floods to Push Adoption of Stormwater Management in Europe through 2023
Increase in precipitation and aging water collection
systems coupled with stringent government regulations encouraging use of
stormwater to drive Europe stormwater management market through 2023
According to TechSci Research report, “Europe Stormwater Management Market By Tool, By Application, By Country,
Competition Forecast & Opportunities, 2013 – 2023’’, stormwater management market in Europe
is forecast to reach $ 3.70 billion by 2023, on account of increasing
government regulations aimed at efficiently managing wastewater and stormwater
across the region. Rising precipitation, heavy snowfall, increasing
contamination level in freshwater sources and growing per capita consumption of
water are the other key factors expected to drive the adoption of stormwater
management in the region. Moreover, with growing focus of governments on
increasing the level of groundwater and minimizing land losses due to heavy
rainfall and flood, stormwater management market is expected to register strong
growth over the coming years.
Browse 4
market data Tables and 19 Figures spread through 53 Pages and an in-depth
TOC on "Europe Stormwater Management Market"
Owing to increase in the number of
floods and storms, and high rain and snowfall in Germany, the country held the
largest share in Europe stormwater management market in 2017 and is anticipated
to continue its market dominance in the coming years as well. As a large number
of infrastructure projects pertaining to the collection of run-off water to
avoid environmental and water pollution are carried out in the municipal
segment, municipalities are likely to dominate the region’s stormwater
management market during the forecast period.
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“The rising water contamination levels
and reduction in freshwater sources have propelled the need for sustainable
stormwater usage techniques. Stringent government regulations and availability
of advanced technological tools for stormwater management across the region,
coupled with the focus of both private and public water management companies
towards the management of surface run off are anticipated to aid market growth
over the course of next five years.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based Europe management consulting firm.
“Europe 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 Europe
stormwater management market.
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