Global Modern Drainage Systems Market By Type (Surface Drainage System, Downspout and Gutter Systems, Slope Drainage System, Subsurface Drainage System), By Components(Inceptors, Hydrants, Fixture Carriers, Backwater valves, HDPE Drainage Fittings, Catch Basins), By Distribution Channel(Online, Offline), By Application(Residential, Commercial, Municipal), By Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023- 2032
- Published date: Nov 2024
- Report ID: 101505
- Number of Pages: 362
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Report Overview
In 2022, the Global Modern Drainage Systems Market was valued at USD 1,700.0 Million it will reach a valuation of USD 2445.6 Million by 2032. Between 2023 and 2032, this market is estimated to register the highest CAGR of 3.8%.
The modern drainage system is a system that controls the management of sewage, rainwater, and unwanted remains in industries. Modern drainage systems help to prevent water and other wastes from accumulating by draining them through interconnected channels. These modern drainage systems use different components for draining waste.
Some components are inceptors, fi xture carriers, backwater valves, catch basins, hydrants, and many others. These components help transport the drained water and other waste through the interconnected channels to release it for treatment or directly into the water bodies.
The rising urbanization, industry 4.0, and the rapidly developing construction industry are driving the growth of the modern drainage systems market. In addition, the rising wastewater treatment plants across the world, climate change, and technological advancements are further boosting the growth of the modern drainage system market.
Key Takeaways
- Market Valuation: The modern drainage systems market was valued at US$1.7 billion in 2022 and is projected to reach US$2.4 billion by 2032, representing a Compound Annual Growth Rate (CAGR) of 3.8%.
- Types of Drainage Systems: The modern drainage system encompasses various types, including Surface Drainage Systems, Downspout and Gutter Systems, Slope Drainage Systems, and Subsurface Drainage Systems.
- Components: Essential components in modern drainage systems include Inceptors, Hydrants, Fixture Carriers, Backwater valves, HDPE Drainage Fittings, and Catch Basins.
- Distribution Channels: The distribution channels for modern drainage systems can be categorized as Online and Offline, with offline channels being the dominant choice due to the assurance of product quality and quicker access.
- Applications: Modern drainage systems find applications in Residential, Commercial, and Municipal settings, with the municipal sector leading in revenue generation due to increasing urbanization and wastewater treatment plant development.
- Driving Factors: Factors driving the growth of the modern drainage systems market include rising urbanization, an Industry of 4.0%, a growing construction industry, and increasing adoption of rainwater harvesting for efficient water management.
- Challenges: Water clogging, blockages, and the presence of non-disposable materials in drainage systems pose challenges, hindering the market’s growth. Researchers are exploring more efficient techniques to address these issues.
- Dominant Type: Downspout and Gutter Systems are predominantly used in many drainage systems, particularly for managing stormwater and preventing flooding.
- Component Dominance: HDPE Drainage Fittings dominate the components segment due to the advantages of plastic piping material, such as ease of installation, low cost, and portability.
- Regional Analysis: North America leads the market with a major revenue share, attributed to the presence of key companies and the increasing adoption of rainwater harvesting. Asia Pacific is also expected to grow significantly due to rising urbanization.
- Opportunities: The market presents opportunities driven by increasing urbanization, rainwater harvesting adoption, and government investments in efficient drainage systems for smart cities.
- Trends: Rainwater harvesting for residential and commercial use is a significant trend, with companies developing advanced solutions to support this practice.
- Key Players: Major players in the market include Capteurs GR, Hydrotech Technologies AG, Jay R. Smith Mfg. CO. Inc., and others, with strategies like mergers, partnerships, collaborations, and acquisitions.
Driving Factors
Rising Urbanization is Driving the Growth of the Modern Drainage Systems Market.
The rapidly increasing urbanization and increasing demand for drainage systems it are the primary drivers of the modern drainage systems market. Governments worldwide are heavily investing in developing good drainage system infrastructure to avoid water logging and other problems due to natural calamities.
Governments are taking various initiatives to upgrade drainage initiatives and build water treatment plants to avoid water contamination through drainage water and wastage. These factors are boosting the growth of the modern drainage systems market.
Also, the increasing adoption of rainwater harvesting and other systems for the proper management of rainwater at the residential level is also driving the growth of the modern drainage systems market. Individuals are using various components like HDPE drainage fittings and other components for rainwater harvesting and wastewater management. This is fueling the growth of the modern drainage systems market.
Restraining Factors
Water Clogging in Drainage Systems is Hindering the Growth of the Modern Drainage Systems Market.
Problems like blockages, clogged drains, broken joints, fractures, collapsed sections of pipes, and root intrusions are the major restraints for the drainage systems market. With increasing urbanization across the world, the demand for drainage systems is also rising, but this growth of drainage systems is restricted by factors like water clogging and collapsed drainage tunnels.
The presence of plastic and other non-disposable materials in the drainage systems clogs the filters and meshes in the drainage systems and leads to water clogging, pipeline bursting, collapsed pipes, and overflowed drainage. These factors are restraining the growth of the modern drainage systems market. Many major companies are researching more efficient techniques for drainage systems, which are expected to solve the problems of drainage systems.
Type Analysis
The Downspout and Gutter Systems are Majorly Used in Many Drainage Systems as a Primary Type of Drainage System
The modern drainage system is classified into many types, like downspout and gutter systems, surface drainage systems, slope drainage systems, subsurface drainage systems, and other types. These drainage systems, the downspout and gutter systems are mainly used in every drainage system. Therefore, downspout and gutter systems lead the type segment of the modern drainage system market.
The downspout and gutter systems grow due to their being widely used against flooding and over-saturation by stormwater. The downspout and gutter systems drain all the water and waste into the buried pipelines, tunnels, rain barrels, extensions, and other solutions. Using all the draining components, downspouts, and gutter systems can drain most of the water and waste to the guided location. This is driving the growth of the downspout and gutter systems in the modern drainage systems market types segment.
After downspout and gutter systems, surface drainage systems are anticipated to grow significantly during the forecast period. The surface drainage systems help drain the excess water from the land’s surface through the pipes and channels. In surface drainage systems, the surface vent is shaped in such a manner that the water flows towards the vent direction. With rapidly increasing urbanization, the demand for surface drainage systems is expected to increase.
Components Analysis
HDPE Drainage Fittings Dominates the Components Segment in Modern Drainage Systems Market
Based on components, modern drainage systems are classified into hydrants, inceptors, backwater valves, fixture carriers, catch basins, HDPE drainage fittings, and other components. Among these components, HDPE drainage fittings dominate the market due to the rising demand for PVC and HDPE piping materials for drainage systems.
The advantages of plastic piping material, like easy installation, low cost, and portability, drive the HDPE drainage fittings growth in the components segment of the modern drainage systems market. HDPE piping material is used in many applications like water distribution, drip irrigation, flood irrigation, electric wire coverings, and drainage pipes. HDPE material is able to carry sewage and industrial wastes without any obstructions. These factors are boosting the growth of HDPE drainage fittings in the modern drainage systems market.
Distribution Channel Analysis
Offline Channels Dominate Over the Online Channels in the Modern Drainage Systems Market
Modern drainage systems are divided into online and offline modes on the basis of distribution channels. Out of these distribution channels, the offline mode dominates over the online mode of distribution channel.
Many individuals prefer to buy drainage systems-related material directly from a retail store. It gives them assurance about the quality of the product and also saves time for delivery. Due to these reasons, many individuals, governments, and businesses prefer offline distribution channels over online distribution channels.
Application Analysis
Rising Urbanization is Driving the Growth of Municipal Applications in the Modern Drainage Systems market
Based on application, modern drainage systems are classified into residential, commercial, and municipal. From these applications, the municipal leads the market with a major revenue share in the account. The domination of municipal application is due to the increasing urbanization across the world has also increased the demand for more drainage systems.
This is driving the growth of municipal applications in the application segment of the modern drainage systems market. Also, the increasing number of sewage water treatment plants around the world is forcing to building of more optimized drainage systems. These factors are boosting the growth of the municipal application of the modern drainage systems market.
Moreover, many individuals are adopting rainwater harvesting and many other systems for the proper management of rainwater. This is increasing the demand for drainage fitting and other components in the drainage systems. These factors are anticipated to drive the growth of residential applications in the modern drainage systems market.
Market Key Segments
Type
- Surface Drainage System
- Subsurface Drainage System
- Downspout and Gutter Systems
- Slope Drainage System
- Other Types
Components
- Inceptors
- Hydrants
- Fixture Carriers
- Backwater valves
- HDPE Drainage Fittings
- Catch Basins
- Other Components
Distribution Channel
- Online
- Offline
Application
- Residential
- Commercial
- Municipal
Opportunity
Rising Urbanization and an Increasing Number of Waste Water Treatment Plants are Expected to Create Many Opportunities in the Modern Drainage Systems Market.
The rising urbanization and increasing adoption of rainwater harvesting techniques are creating many opportunities in the modern drainage systems market. The rising urbanization worldwide has also created the demand for more efficient drainage systems to carry wastewater and sewage across the area.
Governments around the world are heavily investing in developing more efficient drainage systems for smart cities with proper wastewater management. This is also creating many opportunities in the market for new players. Also, the increasing number of water treatment plants around the world is increasing the demand for the drainage system. These factors are expected to create many opportunities in the modern drainage systems market.
Trends
Rainwater Harvesting in Residential and Commercial Use Boosts the Growth of the Modern Drainage Systems Market
Many individuals across the world are adopting the trend of rainwater harvesting in the water management system of houses. With the advancing world, individuals are adopting rainwater harvesting in the house for better water management and to avoid water wastage in the area’s drainage system.
Major companies in the market are developing advanced solutions for rainwater harvesting and water management or drainage systems for residential or commercial use. These factors are anticipated to fuel the growth of the drainage systems market during the forecast period.
Regional Analysis
North America Leads the Market with Major Revenue Share in Account
North America leads the modern drainage systems market by accounting for a major revenue share of 32.6%. North America is anticipated to continue its domination over the forecast period. The growth of North America is attributed to the presence of major companies offering drainage systems solutions.
Countries like the United States and Canada are home to many key companies in the modern drainage system market. In addition, the rising adoption of rainwater harvesting and the increasing number of regional wastewater plants is further boosting the growth of the modern drainage systems market.
After North America, Asia Pacific is anticipated to grow significantly during the forecast period. The growth of the Asia Pacific region is owing to rising urbanization, and the population in the region is increasing the demand for modern drainage systems. Governments in the Asia Pacific region are expanding the drainage systems network with expanding urbanization. This is boosting the growth of the Asia Pacific region in the modern drainage systems market.
Key Regions and Countries
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Key Player Analysis
The modern drainage systems market is highly fragmented into many companies. Major players in the market are adopting various strategies to expand their business in various regions. Key companies are adopting the strategies like mergers, partnerships, collaboration, and acquisition.
Recent Developments
- In July 2022, Neenah Enterprises. Inc and all its subsidiaries were acquired by Charlotte Pipe and Foundry. According to the president of Neenah Enterprises, Tom Slabe, Charlotte Pipe, and Foundry had drawn to the Neenah Enterprises’ expertise in the construction sector and strength in the market.
- In August 2021, Neenah Foundry launched their new InfraLOCK heavy-duty maintenance hole cover system at the public work expo 2021.
Market Key Players
- Capteurs GR
- Hydrotech Technologies AG
- Jay R. Smith Mfg. CO. Inc.
- Josam Company
- US Trench Company
- Turner Company
- Advanced Drainage Systems
- Atlantis Corporation Australia. Ltd
- MIFAB. Inc
- Neenah Technologies
- Neodrain Technologies
- Other Key Players
Report Scope
Report Features Description Market Value (2022) US$ 1,700.0 Mn Forecast Revenue (2032) US$ 2,445.6 Mn CAGR (2023-2032) 3.8% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Type – Surface Drainage System, Downspout and Gutter Systems, Slope Drainage System, Subsurface Drainage System, and Other Types; By Components – Fixture Carriers, Inceptors, Hydrants, Backwater valves, Catch Basins, HDPE Drainage Fittings, and other Product types; By Distribution Channel – Online, and Offline; By Application – Residential, Commercial, and Municipal. Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; the Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape Atlantis Corporation Australia. Ltd, Hydrotech Technologies AG, Capteurs GR, Jay R. Smith Mfg. CO. Inc., Josam Company, Neodrain Technologies, MIFAB. Inc, Neenah Technologies, Turner Company, US Trench Company, Advanced Drainage Systems, and other key players. Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the estimated valuation of the Modern Drainage Systems Market by 2032?The Modern Drainage Systems Market is estimated to reach a valuation of US$ 2445.6 Million by 2032.
What is the estimated CAGR of the Modern Drainage Systems Market between 2023 and 2032?The Modern Drainage Systems Market is estimated to register the highest CAGR of 3.8% between 2023 and 2032.
What are the drivers of the Modern Drainage Systems Market?The drivers of the Modern Drainage Systems Market include rising urbanization, industry 4.0, and the rapidly developing construction industry, along with the rising wastewater treatment plants, climate change, and technological advancements.
What are the types of drainage systems classified under the Modern Drainage Systems Market?The Modern Drainage System is classified into many types, like downspout and gutter systems, surface drainage systems, slope drainage systems, subsurface drainage systems, and other types.
What is the primary type of drainage system used in many drainage systems?The downspout and gutter systems are mainly used in every drainage system.
How is the modern drainage systems market segmented?The modern drainage systems market is segmented based on type, components, distribution channel, and application.
Which companies are major players in the modern drainage systems market?Some of the major players in the modern drainage systems market include Capteurs GR, Hydrotech Technologies AG, Jay R. Smith Mfg. CO. Inc., Josam Company, US Trench Company, Turner Company, Advanced Drainage Systems, Neenah Technologies, Neodrain Technologies, and other key players.
Modern Drainage Systems MarketPublished date: Nov 2024add_shopping_cartBuy Now get_appDownload Sample - Capteurs GR
- Hydrotech Technologies AG
- Jay R. Smith Mfg. CO. Inc.
- Josam Company
- US Trench Company
- Turner Company
- Advanced Drainage Systems
- Atlantis Corporation Australia. Ltd
- MIFAB. Inc
- Neenah Technologies
- Neodrain Technologies
- Other Key Players
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