All updated as on -
By 2030, the worldwide market for water storage systems is anticipated to be worth USD 38.58 billion, with a CAGR of 8.6% between 2023 and 2030.
Demand for water storage systems is being fueled by a number of factors, including regional water supplies, government restrictions, environmental concerns, and investments in water infrastructure. Furthermore, the worldwide water storage system market has been a fast increasing industry due to increased water constraints, increased population expansion, and urban development.
The term "water storage system" refers to any facility or process designed to collect, store, and control the usage of water. These infrastructures are essential for many uses, including providing drinking water, irrigating crops, combating fires in factories, and responding to natural disasters. Particularly in places where water is scarce or where access to clean water is limited, these systems are indispensable for ensuring a reliable and adequate water supply. Anticipations of water shortages, rising populations, and climate change all contributed to a rapid expansion of the water storage systems market. Water storage systems are essential for the effective management of water supplies, since they can be used to store water during times of abundance and release it during drought or peak demand. Many products and services aimed at water conservation and management can be found in the water storage system market. These infrastructures play an important role in numerous fields, including the domestic, commercial, industrial, agricultural, and public sectors. Market growth for water storage systems is being driven by rising global population, urbanisation, water scarcity worries, and the demand for eco-friendly water conservation strategies.
Reasons Why
Growing urbanisation, increased water demand, deteriorating infrastructure, and rising interest in water conservation practises that don't harm the environment are all factors pushing the water storage system industry forward. Over the projection period, the market could also be affected by government initiatives to promote water conservation and water usage caps. Increased reliance on agricultural food items, combined with growing awareness about water conservation, is one of the key drivers supporting the widespread use of water storage systems. They are widely used in agriculture for a variety of purposes, including watering livestock, preventing soil erosion, and boosting crop yields and farmer confidence.
In addition, several of the industry's leading manufacturers are working to boost the products' overall attractiveness. Smart water storage systems, which track water levels, quality, and usage, are one example of a technological innovation that is influencing the industry. Internet of Things (IoT) sensors are commonly used in these systems since they provide real-time data and improve the systems' overall efficacy. Companies with expertise in water infrastructure, engineering, and green methods may be well-positioned to dominate the water storage system market. Additionally, as interest in sustainable practises grows, so does the market for innovative and environmentally friendly water storage solutions.
As reported by Raw Data
Throughout the estimated time frame, the fibreglass market segment will generate the most income.
The global market for water storage systems may be broken down into several different submarkets based on the materials used. Among these, fibreglass is expected to maintain its dominant position, with a forecasted revenue share of 43.8%. Strong plastic reinforced with tiny glass fibres makes up fibreglass. Glass-reinforced plastic (GRP) and glass-fiber reinforced plastic (GFR) are other names for GRP. Fabricated from fibreglass, structures are impervious to the ravages of time and weather. Due to its lightweight properties and durability, fibreglass is employed in a wide variety of industrial applications. Fibreglass tanks have an interior layer coated with a food-grade material, extending the amount of time that water may be held without going bad.
Through Insights into Application
Over the estimated time frame, the onsite water & wastewater collection market is growing at a high compound annual rate of growth.
Hydraulic fracturing, onsite water & wastewater collection, portable water storage systems, rainwater harvesting & collection, fire suppression reserve & storage, secondary containment systems, and others make up the various application submarkets of the global water storage systems market. Among these, onsite water & wastewater collection is growing at a particularly high compound annual rate of growth (CAGR) over the projected time frame. Wastewater from a building is collected, filtered, and reused through an onsite wastewater system. Wastewater is treated and then discharged back into the environment rather than being collected and transferred to a wastewater treatment plant. The two main components of a standard onsite wastewater system are a waste storage tank and a drain field.
By Feedback From Customers
Over the expected time period, municipal services generated over 57.2% of total revenue.
The global water storage systems market is divided into four different submarkets based on its end use: residential, commercial, industrial, and municipal. Since providing sufficient and efficient water storage is crucial for every municipality, this sector is expected to maintain its dominant position in the market and generate the most revenue over the projected period (2017–2022). Water from municipal tanks is typically used for fire flows during times of high demand and in compliance with other criteria or regulations established by local ordinances. Additionally, it is anticipated that the residential sector will expand rapidly throughout the research period. The sector market is growing as an increasing number of homes put into practise water-saving strategies in response to rising awareness of the depletion of groundwater reserves and the rapidly diminishing availability of freshwater supplies around the world.
Report Coverage
Global Water Storage Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Water Storage Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Water Storage Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Water Storage Systems market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Water Storage Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Water Storage Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aqua Dam Inc., CST Industries Inc., ZCL Composites Inc., Synalloy Corporation, AG Growth International Inc., McDermott International Inc., BH Tank, Fiber Technology Corporation, Caldwell Tanks, Containment Solutions Inc., Maguire Iron Inc., Superior Tank Co., Inc., Frontier Polymers Pvt. Ltd., Tank Connection L.L.C, Sintex Plastics Technology Ltd., and Snyder Industries LLC
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Water Storage Systems market based on the below-mentioned segments:
Global Water Storage Systems Market, By Material
Steel
Fiberglass
Concrete
Plastic
Others
Global Water Storage Systems market, By Application
Hydraulic Fracture Storage & Collection
Onsite Water & Wastewater Collection
Portable Water Storage Systems
Rainwater Harvesting & Collection
Fire Suppression Reserve & Storage
Secondary Containment Systems
Others
Global Water Storage Systems Market, By End User
Residential
Commercial
Industrial
Municipal
Global Water Storage Systems market, Regional Analysis
Demand for water storage systems is being fueled by a number of factors, including regional water supplies, government restrictions, environmental concerns, and investments in water infrastructure. Furthermore, the worldwide water storage system market has been a fast increasing industry due to increased water constraints, increased population expansion, and urban development.
The term "water storage system" refers to any facility or process designed to collect, store, and control the usage of water. These infrastructures are essential for many uses, including providing drinking water, irrigating crops, combating fires in factories, and responding to natural disasters. Particularly in places where water is scarce or where access to clean water is limited, these systems are indispensable for ensuring a reliable and adequate water supply. Anticipations of water shortages, rising populations, and climate change all contributed to a rapid expansion of the water storage systems market. Water storage systems are essential for the effective management of water supplies, since they can be used to store water during times of abundance and release it during drought or peak demand. Many products and services aimed at water conservation and management can be found in the water storage system market. These infrastructures play an important role in numerous fields, including the domestic, commercial, industrial, agricultural, and public sectors. Market growth for water storage systems is being driven by rising global population, urbanisation, water scarcity worries, and the demand for eco-friendly water conservation strategies.
Reasons Why
Growing urbanisation, increased water demand, deteriorating infrastructure, and rising interest in water conservation practises that don't harm the environment are all factors pushing the water storage system industry forward. Over the projection period, the market could also be affected by government initiatives to promote water conservation and water usage caps. Increased reliance on agricultural food items, combined with growing awareness about water conservation, is one of the key drivers supporting the widespread use of water storage systems. They are widely used in agriculture for a variety of purposes, including watering livestock, preventing soil erosion, and boosting crop yields and farmer confidence.
In addition, several of the industry's leading manufacturers are working to boost the products' overall attractiveness. Smart water storage systems, which track water levels, quality, and usage, are one example of a technological innovation that is influencing the industry. Internet of Things (IoT) sensors are commonly used in these systems since they provide real-time data and improve the systems' overall efficacy. Companies with expertise in water infrastructure, engineering, and green methods may be well-positioned to dominate the water storage system market. Additionally, as interest in sustainable practises grows, so does the market for innovative and environmentally friendly water storage solutions.
As reported by Raw Data
Throughout the estimated time frame, the fibreglass market segment will generate the most income.
The global market for water storage systems may be broken down into several different submarkets based on the materials used. Among these, fibreglass is expected to maintain its dominant position, with a forecasted revenue share of 43.8%. Strong plastic reinforced with tiny glass fibres makes up fibreglass. Glass-reinforced plastic (GRP) and glass-fiber reinforced plastic (GFR) are other names for GRP. Fabricated from fibreglass, structures are impervious to the ravages of time and weather. Due to its lightweight properties and durability, fibreglass is employed in a wide variety of industrial applications. Fibreglass tanks have an interior layer coated with a food-grade material, extending the amount of time that water may be held without going bad.
Through Insights into Application
Over the estimated time frame, the onsite water & wastewater collection market is growing at a high compound annual rate of growth.
Hydraulic fracturing, onsite water & wastewater collection, portable water storage systems, rainwater harvesting & collection, fire suppression reserve & storage, secondary containment systems, and others make up the various application submarkets of the global water storage systems market. Among these, onsite water & wastewater collection is growing at a particularly high compound annual rate of growth (CAGR) over the projected time frame. Wastewater from a building is collected, filtered, and reused through an onsite wastewater system. Wastewater is treated and then discharged back into the environment rather than being collected and transferred to a wastewater treatment plant. The two main components of a standard onsite wastewater system are a waste storage tank and a drain field.
By Feedback From Customers
Over the expected time period, municipal services generated over 57.2% of total revenue.
The global water storage systems market is divided into four different submarkets based on its end use: residential, commercial, industrial, and municipal. Since providing sufficient and efficient water storage is crucial for every municipality, this sector is expected to maintain its dominant position in the market and generate the most revenue over the projected period (2017–2022). Water from municipal tanks is typically used for fire flows during times of high demand and in compliance with other criteria or regulations established by local ordinances. Additionally, it is anticipated that the residential sector will expand rapidly throughout the research period. The sector market is growing as an increasing number of homes put into practise water-saving strategies in response to rising awareness of the depletion of groundwater reserves and the rapidly diminishing availability of freshwater supplies around the world.
Report Coverage
Global Water Storage Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Water Storage Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Water Storage Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Water Storage Systems market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Aqua Dam Inc., CST Industries Inc., ZCL Composites Inc., Synalloy Corporation, AG Growth International Inc., McDermott International Inc., BH Tank, Fiber Technology Corporation, Caldwell Tanks, Containment Solutions Inc., Maguire Iron Inc., Superior Tank Co., Inc., Frontier Polymers Pvt. Ltd., Tank Connection L.L.C, Sintex Plastics Technology Ltd., and Snyder Industries LLC |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Water Storage Systems Market from 2021 to 2030.
- Market Forecast for Water Storage Systems Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Water Storage Systems competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Water Storage Systems
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Water Storage Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Water Storage Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Aqua Dam Inc., CST Industries Inc., ZCL Composites Inc., Synalloy Corporation, AG Growth International Inc., McDermott International Inc., BH Tank, Fiber Technology Corporation, Caldwell Tanks, Containment Solutions Inc., Maguire Iron Inc., Superior Tank Co., Inc., Frontier Polymers Pvt. Ltd., Tank Connection L.L.C, Sintex Plastics Technology Ltd., and Snyder Industries LLC
Primary Target Market
- Market Players of Water Storage Systems
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Water Storage Systems market based on the below-mentioned segments:
Global Water Storage Systems Market, By Material
Steel
Fiberglass
Concrete
Plastic
Others
Global Water Storage Systems market, By Application
Hydraulic Fracture Storage & Collection
Onsite Water & Wastewater Collection
Portable Water Storage Systems
Rainwater Harvesting & Collection
Fire Suppression Reserve & Storage
Secondary Containment Systems
Others
Global Water Storage Systems Market, By End User
Residential
Commercial
Industrial
Municipal
Global Water Storage Systems market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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