Europe Stormwater Management market
Stormwater Management
IoT devices can help with stormwater management by measuring water quality. Not all pollution runoff occurs during dramatic floods, making it difficult to detect. IoT sensors provide researchers with the data they need to understand the environmental impact of stormwater. These collect data on water quality, especially after storms, and indicate the extent and content of pollution. This information can show which cities are responsible for water pollution and guide action. It shows how pollutants from one area of a city appear in the water of another area and how stormwater runs off. This allows city officials to see where new infrastructure needs to be installed and existing systems need to be improved. Feeding this data into a predictive analytics engine also provides suggestions for improvement.
Traditional green roofs are good at retaining rainwater and can reduce total annual water runoff by about 50%. Plant transpiration and surface evaporation removes water from the roof and convert it to water vapor. This process also cools the building in the summer. Similar to tanks, reservoirs, or other underground gray stormwater management solutions, retention green roofs provide retention. In addition, green containment roofs also provide containment, making these roofs a two-pronged, efficient and financially viable stormwater approach with secondary benefits unmatched by gray stormwater management systems.
The stormwater market continues to grow but has historically been underfunded compared to drinking water and wastewater treatment. In fact, it was boosted by the COVID-19 pandemic. In fact, investments in stormwater are underpinned by construction market dynamics, national infrastructure and spending plans following the COVID-19 pandemic recovery strategy and enhanced enforcement of EU rules and laws. Originally in spring 2020, the UK pledged more than USD490 billion for housing projects, transport and climate change adaptation by 2025, the UK budget increased by a further USD96 million annually in autumn 2021. In addition, Germany’s 2030 Federal Transport Infrastructure Plan is looking to invest approx. USD270 billion in the modernization and expansion of road and public transport infrastructure. In France, the water authority has committed USD488 million in investments in stormwater management from 2022 to 2024.
Latest Developments in Europe Stormwater Management Market
A new EU-funded project worth USD372.62 thousand has been launched to produce a feasibility study and a detailed blueprint for the rehabilitation and expansion of the sewage and stormwater network in the municipality of Pljevlja, Montenegro. The project has received support from Western Balkan Investment Framework.
The Clean Oceans Initiative project to reduce ocean plastic pollution and has doubled its commitment to provide USD4 billion) by 2025. In recent years, it has already contributed USD1.7 billion in long-term funding to public and private sector projects that reduce the release of plastics, microplastics and other wastes into the ocean by improving solid waste management. Projects signed under this initiative have benefited more than 20 million people in Africa, Asia, Latin America and Europe.
Problems for Municipalities
Stormwater is a community challenge that impacts municipalities on both macro and micro levels. From a macroeconomic perspective, most of the local communities that make up a particular watershed are unable to cope with increased runoff on their own and rely on water management districts to develop solutions.
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Market Segmentation
Market Players
Major market players in the
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018–
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments covered
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Tools Type
Segment
Application
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Country scope
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Germany,
France, UK, Italy, Spain, Russia, Finland, Sweden, Denmark, Poland
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Key companies profiled
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Emscher Wassertechnik GmbH, Forterra Inc., Advanced Drainage
Systems, Inc., Resource Environmental Solutions, LLC, Ecosol PTY Ltd., Hydro
International, Old Castle Precast, Inc., Sustainable Drainage Systems, Ltd.,
StromTrap LLC, Triton Stormwater Solutions.
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Customization scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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