Water Storage Tanks Market: By Material Type (Fiberglass, Stainless Steel, Concrete, Polymer and Others), By Storage Capacity (Less than 5,000 Liters, 5,001 to 50,000 Liters, 50,001 to 250,000 Liters and Above 250,000 Liters), By Installation Type (Above Ground and Under Ground), By Application (Potable Water, Water Conservation, Wastewater, Industrial Wastewater, Fire Protection and Plumbing & Engineering Solution), By End User (Municipal, Industrial, Commercial and Residential) and By Geography

Water Storage Tanks Market size was valued at USD 16.5 billion in 2022 and is poised to grow at a significant CAGR of 5.7% from 2023-2029. Due to the increase in the population, rapid urbanization and industrialization rise in the water shortage in several regions has led to the widespread use of water storage tanks in the residential and non-residential sectors. In addition, population growth has led to increasing demand for drinking water in urban and rural regions. Rise in the awareness of the water conservation and growth in the technological advancement to the focus on recycled and reused water from the industrial sector boost the growth of the water storage tanks device market. However, High cost of water storage tanks and installation & repair of water tanks are the major factors that hinder the growth of the market. This report gives comprehensive outlook on water storage tanks across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report  gives historical, current, and future market sizes (US$ Mn) on the basis of Material type, Storage capacity, Installation type, Application, End user and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, This report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global water storage tanks market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global water storage tanks market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global water storage tanks products. Global water storage tanks market is surging owing to frequent acquisitions and launchings by the market players.