Get more information on US Stormwater Management Market - Request Sample Report
The US Stormwater Management Market Size was valued at USD 5.68 Billion in 2023 and is projected to reach USD 13.46 Billion by 2032, growing at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2032.
Stormwater management refers to the practices and techniques employed to control and mitigate the adverse effects of stormwater runoff. It plays a crucial role in maintaining the health and sustainability of our urban and natural environments. Stormwater runoff occurs when precipitation, such as rain or snow, flows over impervious surfaces, such as roads, parking system, and rooftops, unable to infiltrate into the ground. As it flows, stormwater picks up various pollutants, including sediment, chemicals, and debris, which can have detrimental effects on water quality and ecosystems. To address these challenges, effective stormwater management strategies are essential. These strategies aim to reduce the volume and velocity of stormwater runoff, as well as remove or treat the pollutants it carries.
The US Stormwater Management Market is a rapidly growing sector that focuses on the effective management and control of stormwater runoff. This market encompasses a wide range of products, services, and solutions aimed at mitigating the adverse effects of stormwater on the environment and infrastructure. In response to these challenges, the US stormwater management market offers a variety of innovative solutions. These include stormwater management systems, such as detention ponds, green roofs, permeable pavements, and rain gardens. These systems are designed to capture, store, and treat stormwater, allowing it to be safely released into water bodies or infiltrated into the ground. Furthermore, the market also provides a range of stormwater management services. These services encompass stormwater planning, design, and implementation, as well as maintenance and monitoring. They are essential for ensuring the long-term effectiveness and sustainability of stormwater management systems. The US stormwater management market is driven by various factors. Increasing urbanization, stricter environmental regulations, and growing awareness of the importance of sustainable water management practices are some of the key drivers. Additionally, the market is also influenced by technological advancements, such as the development of smart stormwater management systems that utilize sensors and data analytics to optimize performance.
Drivers
Increasing industrialization
Stringent environmental regulations to manage the wastewater
Growing number of natural calamities
A major driver for the US stormwater management market is the increasing intensity and number of landslides due to rain, snow, heavy storms, etc. Stormwater management services have seen significant growth due to rapidly changing climatic conditions and an increasing number of disasters every year. In 2022, a total of 422 natural disaster events were recorded worldwide, marking an increase from the 407 events recorded the previous year. Asia Pacific region experienced the highest number of natural disasters in 2022.
Restrain
High deployment cost of stormwater management
In urban areas already existing traditional rainwater filtration methods are available such as the soak pit method and others that are comparatively low cost and easy which impedes the market growth of the Stormwater management services market. For instance: according to infrastructure reportcard.org in 2020, the management of stormwater systems is complex. It requires cleaning, jetting stormwater detention basins, bio-retention facilities, permeable pavement, and bioswales and all these require complex maintenance with skilled professionals. As per the same source, the management and the damages resulting from stormwater are more expensive. The additional spending in stormwater management includes the expense of stormwater regulatory compliance, capital improvement plan expenditure, protecting water supplies from other contamination, flood control, clean-up of polluted water supplies, habitat restoration and protection efforts, etc. Thus, the overall quality control of stormwater management becomes expensive which impedes the market growth.
Opportunities
Growing public awareness and government focus on sustainable wastewater management
Rising technological advancements such as the development of smart stormwater management systems
The increasing public awareness and government focus on wastewater management are one of the major factors that may propel the growth of the Stormwater management market in the forecast period.
Due to the increasing number and intensity of storms, rainfall, and snow, the government budget for disaster management is also rising which includes water management services such as Storm management services. For instance: according to whitehouse.gov in 2022, the US government is spending a favorable amount towards disaster planning and climate resilience caused by flooding storms and heavy rain, etc. As per the same source, the budget allocates USD 815 million to disaster management ensuring the rebuilding of smarter and safer health programs such as safe water, food, and shelter. The source also states that the budget for disaster management is increased by USD 540 million during 2020-2021
Challenges
The complex procedure of stormwater management services
The conflict has posed several challenges for the US stormwater management market. Firstly, the destruction of critical infrastructure, such as drainage systems and water treatment facilities, has severely hampered the ability to effectively manage stormwater. This will lead to increased flooding, erosion, and pollution, further exacerbating the environmental impact of the war. For instance, in Ukraine, there have been 12 reported cases of disrupted operation of water and wastewater treatment facilities, 7 cases of disrupted centralized water supply, and 3 cases of disrupted operation of wastewater treatment plants. These disruptions have had a significant negative impact on the management of stormwater in the region. Additionally, the economic strain caused by the conflict has limited the financial resources available for stormwater management projects. Governments and municipalities, already burdened by the costs of the war, have had to divert funds away from infrastructure development, including stormwater management initiatives. This lack of investment has hindered the implementation of necessary measures to address stormwater issues effectively.
Impact of Recession:
The recession has had a profound impact on the US stormwater management market, leading to a series of challenges for industry players. One of the primary consequences has been a decrease in funding for stormwater management projects. As governments and municipalities faced budget constraints, investments in infrastructure projects, including stormwater management, were significantly reduced. This decline in funding has hindered the development and implementation of innovative stormwater management solutions. Furthermore, the recession has also resulted in a decline in construction activities, which has directly affected the US stormwater management market. With fewer construction projects taking place, the demand for stormwater management systems and services has decreased. This has led to a decrease in revenue for companies operating in this sector, forcing them to reevaluate their business strategies and explore new avenues for growth.
By Service Type
Installation Services
Repair Services
Annual Maintenance Services
Others
Among these subsegments, Installation Services are anticipated to hold the largest share in the market in terms of revenue and is expected to grow at the fastest growth rate with a CAGR of 11.64% over the forecast period of 2024-20302 owing to increasing favorable government initiatives. Installation of stormwater management helps in minimizing runoff impacts with proper regulatory standards in rural and urban areas.
By Solution Type
Detention & infiltration
Biofiltration
Separation
Filtration
Specialty Filters
Others
Among these segments, the Biofiltration segment is expected to grow with the highest CAGR of 11.18% during the forecast period. Rising demand for biofiltration is leading to the launch of new solutions by market players to cater to the growing stormwater management demand. In November 2021, Advanced Drainage Systems, Inc. unveiled EcoPure BioFilter urban stormwater management solution, developed for green infrastructure projects and low-impact developments (LID) requiring design flexibility, application of diverse plant life, and hassle-free installation and maintenance.
By End-user
Community, Government & Military
Commercial
Industrial
Medical and Education
Others
Community, government, and military is dominating the US stormwater management market with a CAGR of 10.17% in 2023 followed by commercial and industrial, owing to the rise in government investment in wastewater management and the increase in awareness in military and communities regarding wastewater management. Based on end users, the commercial sub-segment is registered as the fastest growing in upcoming years with a CAGR of 10.33% due to the rise in the number of supermarkets and other commercial buildings and the increasing number of parking lots in the nation.
The largest share of revenues in the US stormwater management market is presently held by the Southeast, as indicated by rapid expansions in urban areas, combined with high population densities and recurrent heavy rainfall. This creates a scenario characterized by high stormwater runoff, which requires potent stormwater infrastructure to prevent flooding and pollution. Furthermore, risk vulnerability from hurricanes and tropical storms spurs continued investment in stormwater systems to safeguard urban environments and critical infrastructure. Such a growing population in the cities of the Southeast, along with the climatic concerns, only emphasizes the need for stormwater management solutions of today.
Get Customized Report as Per Your Business Requirement - Request For Customized Report
The major key players are Contech Engineered Solutions LLC, Stormtrap, Advanced drainage systems Inc., Suez Group, Hydro International UK Ltd., AquaShield, Inc., Triton Stormwater Solutions, Apex Companies LLC, Stormtank, Forterra, Inc., other key players mentioned in the final report.
October 22, 2021, StromTrap, a leading provider of stormwater management solutions, has recently announced a strategic partnership with stormTree to broaden StromTrap's product line, enabling them to offer customers an extensive array of stormwater management systems and solutions, all conveniently available from a single source.
In May 2023, Polymer specialist REHAU announced the launch of a new stormwater management system in partnership with water services company Hydro International.
| Report Attributes | Details |
| Market Size in 2023 | US$ 5.68 Billion |
| Market Size by 2032 | US$ 13.46 Billion |
| CAGR | CAGR of 10.6% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2023-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Service Type (Installation Services, Repair Services, Annual Maintenance Services, and Others) • By Solution Type (Detention & infiltration, Biofiltration, Separation, Filtration, Specialty Filters, and Others) • By End-user (Community, Government & military, commercial, Industrial, Medical and education, and others) |
| Regional Analysis/Coverage | USA |
| Company Profiles | Contech Engineered Solutions LLC, Stormtrap, Advanced drainage systems Inc., Suez Group, Hydro International UK Ltd., AquaShield, Inc., Triton Stormwater Solutions, Apex Companies LLC, Stormtank, Forterra, Inc. |
| Key Drivers | • Increasing industrialization • Stringent environmental regulations to manage the wastewater • Growing number of natural calamities |
| Market Opportunities | • Growing public awareness and government focus on sustainable wastewater management • Rising technological advancements such as the development of smart stormwater management systems |
Ans: The expected CAGR of the US Stormwater Management Market during the forecast period is 8.72%.
Ans: The market size of the US Stormwater Management Market is valued at USD 5,409.29 million in 2022.
Ans: The major key players in the Stormwater Management Market are Contech Engineered Solutions LLC, Stormtrap, Advanced drainage systems Inc., Suez Group, Hydro International UK Ltd., AquaShield, Inc., Triton Stormwater Solutions, Apex Companies LLC, Stormtank, and Forterra, Inc.
Ans: US Stormwater Management Market is bifurcated into 3 major segments: 1. By Service Type 2. By Solution Type 3. By End-users.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. US Stormwater Management Market Segmentation, By Service Type
8.1 Installation Services
8.2 Repair Services
8.3 Annual Maintenance Services
8.4 Others
9. US Stormwater Management Market Segmentation, By Solution Type
9.1 Detention & Infiltration
9.2 Biofiltration
9.3 Separation
9.4 Filtration
9.5 Specialty Filters
9.6 Others
10. US Stormwater Management Market Segmentation, By End-user
10.1 Community, Government & Military
10.2 Commercial
10.3 Industrial
10.4 Medical and education
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 USA
12. Company Profile
12.1 Contech Engineered Solutions LLC
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Stormtrap
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Advanced drainage systems Inc.
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Suez Group
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Hydro International UK Ltd.
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 AquaShield, Inc.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Triton Stormwater Solutions
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Apex Companies LLC
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Stormtank
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Forterra, Inc.
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Gas To Liquid (GTL) Market size was valued at USD 15.76 billion in 2023 and is expected to reach USD 27.75 billion by 2032 with a growing CAGR of 6.49% over the forecast period of 2024-2032.
The Power Device Analyzer Market size was valued at USD 497.41 million in 2023 and is expected to grow to USD 756.2 million by 2031 with a growing CAGR of 5.4% over the forecast period of 2024-2031.
The Microgrid Market size was valued at USD 32.10 billion in 2023 and is expected to grow to USD 128.33 billion by 2031 and grow at a CAGR of 18.91 % over the forecast period of 2024-2031.
The LPG Tanker Market size was valued at USD 185.22 million in 2022 and is expected to grow to USD 282.10 million by 2030 with a growing CAGR of 5.4% over the forecast period of 2023-2030.
The Pipeline & Process Services Market size was valued at USD 3.6 Bn in 2023 and is expected to reach USD 5.7 Bn by 2031 and grow at a CAGR of 5.82% over the forecast period 2024-2031.
The Bioplastics Market size was valued at USD 11611 million in 2022 and is expected to grow to USD 46377.73 million by 2030 and grow at a CAGR of 18.9 % over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
