According to TechSci Research report, “United States Stormwater Management Market By Tool, By Application, Competition Forecast & Opportunities, 2013 – 2023”, United States stormwater management market is projected to reach $ 7.9 billion by 2023, owing to rising level of precipitation, intense floods and storms in the country. Increasing number of government regulations aimed at efficiently managing wastewater and stormwater, in addition to aging water collection systems and presence of traditional gray infrastructure, is expected to fuel the stormwater management market during forecast period. Contech Engineered Solutions LLC, Forterra Inc., Advanced Drainage Systems, Inc. and AquaShield, Inc. are some of the leading players operating in the US stormwater management market.
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Growing urbanization and strong growth of the industrial sector are increasing the level of contamination in freshwater sources. With increasing government focus on boosting the level of groundwater and minimizing land losses due to heavy rainfall and floods, stormwater management market is expected to register strong growth in the country over the coming years. Moreover, Stormwater Grant Program launched in 2017, under which $ 7.5 billion were allocated for surface and groundwater storage, ecosystem and watershed protection and restoration and drinking water protection, and second phase of the program, which would be implemented in 2019, under which $ 200 million would be allocated for stormwater treatment facilities, is expected to aid the country’s stormwater management market.
“Occurrences of Hurricane Harvey, Hurricane Irma and other natural disasters in the country and heavy land and life losses associated with natural disasters are expected to stir the demand for stormwater management in United States. Innovative technologies such as LIDs, increasing focus on green stormwater management strategies and rising focus towards green roofs, as they look aesthetically beautiful and offer a sustainable option, are expected to positively influence United States stormwater management market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Browse 14 market data Figures and Tables spread through 57 Pages and an in-depth TOC on "United States Stormwater Management Market"
“United States Stormwater Management Market By Tool, By Application, 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 take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States stormwater management market.
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