Market Overview:
The global industrial water storage tanks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is estimated to be worth US$ 9,819.0 Mn in 2018 and is projected to reach a value of US$ 14,362.4 Mn by 2030. Metal tanks occupy the largest market share segment and are expected to grow at a CAGR of 5.7% during the forecast period from 2018 to 2030 followed by concrete tanks which are expected to grow at a CAGR of 5%. Some key factors driving growth of global industrial water storage tanks market include growing population, rapid urbanization, rising disposable income levels, technological advancements & innovations.
Product Definition:
Industrial water storage tanks are used to store large quantities of water for industrial purposes. They may be used to store process water, potable water, or wastewater. The tanks may be made of concrete, steel, or plastic.
Concrete Tanks:
Concrete tanks are made of cement, concrete and steel. These tanks have a volume of storage which is greater than the average bathtub. The size of the concrete tank depends on how much water needs to be stored. It can hold approximately 25,000 gallons of water at a full capacity and it can hold more than that amount if there is extra space in the tank.
Metal Tanks:
Metal tanks are used for industrial water storage. They are made of various metals such as steel, aluminum and others. The metal tank is a closed system, which has no means of access from the external environment other than through the container itself. It offers several advantages over plastic or fiberglass tanks including resistance to corrosion & high temperatures, higher strength and durability along with ease in installation and maintenance services.
Application Insights:
The global industrial water storage tanks market is segmented by application into agricultural, oil and gas, chemical industry, municipal and others. The agricultural application dominated the overall demand in 2017 owing to the critical shortage of fresh water across many regions coupled with increasing irrigation activities particularly in Middle East countries such as Saudi Arabia.
The oil and gas industry is one of the largest consumers of freshwater for a wide range of operations including drilling muds disposal from production sites to deep wells or aquifers. Drilling muds are primarily composed of sand materials that carry cuttings back up through the wellbore after drilling operations have taken place thereby requiring large volumes during disposal at each operation site. This has led to an increased demand for on-site wastewater treatment plants within this sector which further drives product demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand for industrial water storage from various end-use industries. The region is expected to witness significant growth over the forecast period on account of rapid urbanization and industrialization, especially in China, India, Indonesia, Vietnam and Thailand.
The oil and gas industry is one of the major end-user industries that extensively utilizes industrial water for production processes. In addition to this, rising investments by multinational companies such as Total SA (France), Sinopec (China) and Pertamina (Indonesia) are anticipated to drive regional product demand over the forecast period.
Europe accounted for a significant share of revenue on account of growing awareness regarding sustainable development coupled with stringent government regulations pertaining towards environmental protection from source pollution at source principle Water Management Directive 2009/125/EC).
Growth Factors:
- Increasing demand from the manufacturing sector for water storage tanks to meet production needs
- Growing popularity of industrial water storage tanks among small and medium-sized businesses
- Rising concerns over water scarcity and its impact on businesses operations
- Proliferation of smart tank management technologies that improve efficiency and reduce wastage
- Government initiatives to promote the use of industrial water storage tanks in order to conserve resources
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Water Storage Tanks Market Research Report
By Type
Concrete Tanks, Metal Tanks, Plastic Tanks, Fiber Glass Tanks, Metal TanksOccupy the largest market share segment reached 45%
By Application
Agricultural, Oil and Gas, Chemical Industry, Water and Waste Water Treatment, Pharmaceuticals, Others
By Companies
CST Industries, Caldwell Tanks, Tank Holding, McDermott, ZCL Composites, Steelcore tank, Hendic, UIG, Containment Solutions, DN Tanks, WOLF, Tank Connection, Crom, American Tank, BUWATEC, SBS Tank, DuraCast, Promax Plastics, Dalsem, Florida Aquastore, Schumann Tank, Custom Roto
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Water Storage Tanks Market Report Segments:
The global Industrial Water Storage Tanks market is segmented on the basis of:
Types
Concrete Tanks, Metal Tanks, Plastic Tanks, Fiber Glass Tanks, Metal TanksOccupy the largest market share segment reached 45%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agricultural, Oil and Gas, Chemical Industry, Water and Waste Water Treatment, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CST Industries
- Caldwell Tanks
- Tank Holding
- McDermott
- ZCL Composites
- Steelcore tank
- Hendic
- UIG
- Containment Solutions
- DN Tanks
- WOLF
- Tank Connection
- Crom
- American Tank
- BUWATEC
- SBS Tank
- DuraCast
- Promax Plastics
- Dalsem
- Florida Aquastore
- Schumann Tank
- Custom Roto
Highlights of The Industrial Water Storage Tanks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Concrete Tanks
- Metal Tanks
- Plastic Tanks
- Fiber Glass Tanks
- Metal TanksOccupy the largest market share segment reached 45%
- By Application:
- Agricultural
- Oil and Gas
- Chemical Industry
- Water and Waste Water Treatment
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Water Storage Tanks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial water storage tanks are used to store large quantities of water for industrial purposes. They can be used to store water for use in factories, power plants, and other industrial facilities.
Some of the major players in the industrial water storage tanks market are CST Industries, Caldwell Tanks, Tank Holding, McDermott, ZCL Composites, Steelcore tank, Hendic, UIG, Containment Solutions, DN Tanks, WOLF, Tank Connection, Crom, American Tank, BUWATEC, SBS Tank, DuraCast, Promax Plastics, Dalsem, Florida Aquastore, Schumann Tank, Custom Roto.
The industrial water storage tanks market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Water Storage Tanks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Water Storage Tanks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Water Storage Tanks Market - Supply Chain
4.5. Global Industrial Water Storage Tanks Market Forecast
4.5.1. Industrial Water Storage Tanks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Water Storage Tanks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Water Storage Tanks Market Absolute $ Opportunity
5. Global Industrial Water Storage Tanks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Water Storage Tanks Market Size and Volume Forecast by Type
5.3.1. Concrete Tanks
5.3.2. Metal Tanks
5.3.3. Plastic Tanks
5.3.4. Fiber Glass Tanks
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Water Storage Tanks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Water Storage Tanks Market Size and Volume Forecast by Application
6.3.1. Agricultural
6.3.2. Oil and Gas
6.3.3. Chemical Industry
6.3.4. Water and Waste Water Treatment
6.3.5. Pharmaceuticals
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Water Storage Tanks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Water Storage Tanks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Water Storage Tanks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Water Storage Tanks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Water Storage Tanks Demand Share Forecast, 2019-2029
9. North America Industrial Water Storage Tanks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Water Storage Tanks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Water Storage Tanks Market Size and Volume Forecast by Application
9.4.1. Agricultural
9.4.2. Oil and Gas
9.4.3. Chemical Industry
9.4.4. Water and Waste Water Treatment
9.4.5. Pharmaceuticals
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Water Storage Tanks Market Size and Volume Forecast by Type
9.7.1. Concrete Tanks
9.7.2. Metal Tanks
9.7.3. Plastic Tanks
9.7.4. Fiber Glass Tanks
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Water Storage Tanks Demand Share Forecast, 2019-2029
10. Latin America Industrial Water Storage Tanks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Water Storage Tanks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Water Storage Tanks Market Size and Volume Forecast by Application
10.4.1. Agricultural
10.4.2. Oil and Gas
10.4.3. Chemical Industry
10.4.4. Water and Waste Water Treatment
10.4.5. Pharmaceuticals
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Water Storage Tanks Market Size and Volume Forecast by Type
10.7.1. Concrete Tanks
10.7.2. Metal Tanks
10.7.3. Plastic Tanks
10.7.4. Fiber Glass Tanks
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Water Storage Tanks Demand Share Forecast, 2019-2029
11. Europe Industrial Water Storage Tanks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Water Storage Tanks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Water Storage Tanks Market Size and Volume Forecast by Application
11.4.1. Agricultural
11.4.2. Oil and Gas
11.4.3. Chemical Industry
11.4.4. Water and Waste Water Treatment
11.4.5. Pharmaceuticals
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Water Storage Tanks Market Size and Volume Forecast by Type
11.7.1. Cncrete Tanks
11.7.2. Metal Tanks
11.7.3. Plastic Tanks
11.7.4. Fiber Glass Tanks
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Water Storage Tanks Demand Share, 2019-2029
12. Asia Pacific Industrial Water Storage Tanks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Water Storage Tanks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Water Storage Tanks Market Size and Volume Forecast by Application
12.4.1. Agricultural
12.4.2. Oil and Gas
12.4.3. Chemical Industry
12.4.4. Water and Waste Water Treatment
12.4.5. Pharmaceuticals
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Water Storage Tanks Market Size and Volume Forecast by Type
12.7.1. Concrete Tanks
12.7.2. Metal Tanks
12.7.3. Plastic Tanks
12.7.4. Fiber Glass Tanks
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Water Storage Tanks Demand Share, 2019-2029
13. Middle East & Africa Industrial Water Storage Tanks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Water Storage Tanks Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Water Storage Tanks Market Size and Volume Forecast by Application
13.4.1. Agricultural
13.4.2. Oil and Gas
13.4.3. Chemical Industry
13.4.4. Water and Waste Water Treatment
13.4.5. Pharmaceuticals
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Water Storage Tanks Market Size and Volume Forecast by Type
13.7.1. Concrete Tanks
13.7.2. Metal Tanks
13.7.3. Plastic Tanks
13.7.4. Fiber Glass Tanks
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Water Storage Tanks Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Water Storage Tanks Market: Market Share Analysis
14.2. Industrial Water Storage Tanks Distributors and Customers
14.3. Industrial Water Storage Tanks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ZCL Composites
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CST Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tank Connection
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schumann Tank
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. UIG Tanks
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DN Tanks
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. American Tank Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CROM Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chicago Bridge & Iron Company (CB&I)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Caldwell Tanks
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Maguire Iron
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Snyder Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Norwesco Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Promax Plastics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook