Water Storage Tanks Market: By Material Type, By Storage Capacity, By Installation Type, By Application, By End User and By Geography
Study Period
2024-2030Base Year
2023CAGR
4.9%Largest Market
Asia PacificFastest Growing Market
North America
In the recent years, Due to increase in the usage of fresh water for various activities in the residential and industrial sectors which leads to increase the demand of water storage tanks. Water storage tanks which are used to conserve and store water to consume for long period of time or in water scarcity conditions. Increasing concerns about the shortage of ground water, the need for water conservation increases. This is estimated to boost the demand for industrial water storage tanks for water treatment and purification so water can be reuse.
Asia Pacific accounted for larger revenue share in global market with considerable CAGR. The growth in this region can be attributed to increasing scarcity of water, inefficient recycling of industrial wastewater for reuse, rapidly increasing population & urbanization, increasing government emphasis for water conservation and reuse are some of the major key factors rising in the awareness of the conservation of water which boosting the market growth. In this region, countries like India are undergoing severe water scarcity thus, the demand for water storage systems is increasing. In North America, the expansion of the water storage tank market can also be attributed to the massive oil and gas production activities that require freshwater and also recycle & reuse.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 16.5 billion |
|
Market CAGR |
4.9% |
|
By Material Type |
|
|
By Storage Capacity |
|
|
By Installation Type |
|
|
By Application |
|
Download Free Sample Report
The global water storage tanks market size was valued at US$16.5 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
Download Free Sample
