Press Release

North America Stormwater Management Market to Surpass $ 10 Billion by 2023

Growing government initiatives and investments in stormwater management coupled with increase in number of hurricanes and rising water contamination to drive North America stormwater management market through 2023

According to TechSci Research report, North America Stormwater Management Market By Tool, By Application, By Country, Competition Forecast & Opportunities, 2013 – 2023’’, stormwater management market in North America is forecast to reach $ 10.75 billion by 2023, owing to rising precipitation, intense hurricanes and storms, and increasing regulations aimed at the efficient wastewater and stormwater management. Moreover, government standards and guidelines to include stormwater management in building guidelines and urban planning are expected to boost the adoption of stormwater management across the region. Growing technological advancements and increasing investments to upgrade water management infrastructure are also anticipated to positively influence the region’s stormwater management market during the forecast period.

Browse 5 market data Tables and 17 Figures spread through 53 Pages and an in-depth TOC on   "North America Stormwater Management Market"      

Municipal, industrial and commercial sectors are the major application areas of stormwater management in the region. Of these, municipal sector held the largest market share in 2017 and is likely to maintain its market dominance in the coming years as well, backed by huge number of projects being undertaken in the segment related to stormwater. Strong growth of the industrial sector, increasing contamination level in freshwater sources and growing focus of governments on increasing the level of groundwater and minimizing land losses due to heavy rainfall and flood are also anticipated to aid the market growth.

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 “United States leads the North America stormwater management market, on the back of technological advancements, stringent government regulations and availability of advanced technological tools for stormwater management in the country. Increase in the number of hurricanes and typhoons, and high rain and snowfall is expected to drive the implementation of stormwater management in the country over the coming years, thereby resulting in huge growth opportunities for stormwater management companies in the US.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 

North America 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 North America stormwater management market.

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