Market Overview:
The global water storage systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for potable water, rising population, and growing awareness about the benefits of using water storage systems. Based on type, the global water storage systems market is segmented into concrete tank, metal tank, plastic tank, and fiber glass tank. The concrete tanks segment dominated the global market in 2017 and is projected to maintain its dominance during the forecast period. This can be attributed to their low cost as compared to other types of tanks and easy installation process.
Product Definition:
Water Storage Systems are used to store water for future use. The importance of a water storage system is that it allows you to have a backup supply of water in the event that your main source is unavailable.
Concrete Tank:
Concrete tank is a water storage device made up of concrete. It can be used in both water supply and wastewater treatment plants. The primary function of this device is to store drinking water or wastewater in tanks that are made up of concrete. These devices are available in different sizes, as per the requirement, ranging from 1 million gallons capacity to over 100 billion gallons capacity.
Metal Tank:
Metal tanks are used in water storage systems for collecting and storing water. They can be made of various metals such as steel, galvanized steel, aluminum, and copper. The size of the tank is determined by the capacity required to store water. For instance; a 20-40 gallon metal tank would be adequate for storing drinking water in your home during an emergency or natural disaster when onsite municipal supplies are unavailable.
Application Insights:
The commercial application segment held the largest share of more than 60.0% in 2017. The growing urban population and rapid growth of megacities are expected to be the key demand drivers for the commercial application segment over the forecast period. Rapid urbanization has led to an increase in water needs; this is likely to further fuel market growth during future years, especially in developing regions such as Asia Pacific and Middle East & Africa.
The residential sector is projected to witness significant growth over the forecast period owing to increasing investments by governments for improving water infrastructure across various developing countries including India, China, Bangladesh, Vietnam among others.
Regional Analysis:
Asia Pacific dominated the global water storage systems market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of lakes and dams, which are used for storing water. Countries such as China, India, Japan have many large reservoirs that can be used for storing water during emergencies. Rising demand for electricity due to increasing population has led to an increase in hydropower generation in this region; thus reducing environmental pollution by using alternative sources of energy such as wind & solar power is highly recommended since they do not emit Greenhouse Gas (GHG) emissions like coal-fired power plants do.
The Middle East & Africa held a significant share of the industry owing to rising demand from countries such as Saudi Arabia.
Growth Factors:
- Increasing demand for water storage systems from the municipal and industrial sectors to meet the rising water needs
- Development of innovative and advanced water storage systems that can store more water with less space
- Growing concerns over the deteriorating quality of groundwater and surface water, which is driving investments in rainwater harvesting and other decentralized water storage solutions
- Rapid urbanization coupled with increasing population density is leading to increased demand for efficient, reliable, and affordable water storage systems
- Stringent government regulations mandating installation of rainwater harvesting systems are providing a boost to the market for Water Storage Systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Storage Systems Market Research Report
By Type
Concrete Tank, Metal Tank, Plastic Tank, Fiber Glass Tank
By Application
Commercial, Residential, Municipal, Industrial
By Companies
CST Industries, Caldwell Tanks, HUBER SE, McDermott, ZCL Composites, Crom, DN Tanks, Containment Solutions, SBS Tank, Hendic, Snyder Industries, BUWATEC, American Tank, WATTS, Maguire Iron, Aquality, Dalsem, Florida Aquastore, Kaveri Plasto Containers, Poly-Mart, AGI
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Water Storage Systems Market Report Segments:
The global Water Storage Systems market is segmented on the basis of:
Types
Concrete Tank, Metal Tank, Plastic Tank, Fiber Glass Tank
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
Commercial, Residential, Municipal, Industrial
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
- HUBER SE
- McDermott
- ZCL Composites
- Crom
- DN Tanks
- Containment Solutions
- SBS Tank
- Hendic
- Snyder Industries
- BUWATEC
- American Tank
- WATTS
- Maguire Iron
- Aquality
- Dalsem
- Florida Aquastore
- Kaveri Plasto Containers
- Poly-Mart
- AGI
Highlights of The Water Storage Systems 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 Tank
- Metal Tank
- Plastic Tank
- Fiber Glass Tank
- By Application:
- Commercial
- Residential
- Municipal
- Industrial
- 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 Water Storage Systems 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.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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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?
Water storage systems are a way to store water in an area where it can be accessed when needed. This can be done in tanks, cisterns, or reservoirs.
Some of the major players in the water storage systems market are CST Industries, Caldwell Tanks, HUBER SE, McDermott, ZCL Composites, Crom, DN Tanks, Containment Solutions, SBS Tank, Hendic, Snyder Industries, BUWATEC, American Tank, WATTS, Maguire Iron, Aquality, Dalsem, Florida Aquastore, Kaveri Plasto Containers, Poly-Mart, AGI.
The water storage systems market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Water Storage Systems 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. Water Storage Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Water Storage Systems Market - Supply Chain
4.5. Global Water Storage Systems Market Forecast
4.5.1. Water Storage Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water Storage Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Water Storage Systems Market Absolute $ Opportunity
5. Global Water Storage Systems 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. Water Storage Systems Market Size and Volume Forecast by Type
5.3.1. Concrete Tank
5.3.2. Metal Tank
5.3.3. Plastic Tank
5.3.4. Fiber Glass Tank
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Water Storage Systems 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. Water Storage Systems Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.3.3. Municipal
6.3.4. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Water Storage Systems 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. Water Storage Systems 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 Water Storage Systems 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. Water Storage Systems 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 Water Storage Systems Demand Share Forecast, 2019-2026
9. North America Water Storage Systems 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 Water Storage Systems 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 Water Storage Systems Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.4.3. Municipal
9.4.4. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Water Storage Systems Market Size and Volume Forecast by Type
9.7.1. Concrete Tank
9.7.2. Metal Tank
9.7.3. Plastic Tank
9.7.4. Fiber Glass Tank
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 Water Storage Systems Demand Share Forecast, 2019-2026
10. Latin America Water Storage Systems 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 Water Storage Systems 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 Water Storage Systems Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.4.3. Municipal
10.4.4. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Water Storage Systems Market Size and Volume Forecast by Type
10.7.1. Concrete Tank
10.7.2. Metal Tank
10.7.3. Plastic Tank
10.7.4. Fiber Glass Tank
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 Water Storage Systems Demand Share Forecast, 2019-2026
11. Europe Water Storage Systems 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 Water Storage Systems 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 Water Storage Systems Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.4.3. Municipal
11.4.4. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Water Storage Systems Market Size and Volume Forecast by Type
11.7.1. Concrete Tank
11.7.2. Metal Tank
11.7.3. Plastic Tank
11.7.4. Fiber Glass Tank
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 Water Storage Systems Demand Share, 2019-2026
12. Asia Pacific Water Storage Systems 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 Water Storage Systems 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 Water Storage Systems Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.4.3. Municipal
12.4.4. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Water Storage Systems Market Size and Volume Forecast by Type
12.7.1. Concrete Tank
12.7.2. Metal Tank
12.7.3. Plastic Tank
12.7.4. Fiber Glass Tank
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 Water Storage Systems Demand Share, 2019-2026
13. Middle East & Africa Water Storage Systems 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 Water Storage Systems 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 Water Storage Systems Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.4.3. Municipal
13.4.4. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Water Storage Systems Market Size and Volume Forecast by Type
13.7.1. Concrete Tank
13.7.2. Metal Tank
13.7.3. Plastic Tank
13.7.4. Fiber Glass Tank
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 Water Storage Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Water Storage Systems Market: Market Share Analysis
14.2. Water Storage Systems Distributors and Customers
14.3. Water Storage Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CST Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Caldwell Tanks
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HUBER SE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. McDermott
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZCL Composites
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Crom
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DN Tanks
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Containment Solutions
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SBS Tank
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hendic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Snyder Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BUWATEC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. American Tank
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. WATTS
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Maguire Iron
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Aquality
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Dalsem
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Florida Aquastore
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Kaveri Plasto Containers
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Poly-Mart
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
