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North America Fire Protection Water Storage Tanks Market Report by Material Type (Steel, Fiberglass, and Others), Coating Type (Epoxy, Glass-Fused-To-Steel, and Others), Size (100,000-250,000 Gallons, 50,000-100,000 Gallons, 25,000-50,000 Gallons, >250,000 Gallons, <25,000 Gallons), Application (Commercial, Industrial, Residential), and Country 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A1690
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Market Overview:
The North America fire protection water storage tanks market size reached US$ 326.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 609.7 Million by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023
|
|
Forecast Years
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2024-2032
|
|
Historical Years
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2018-2023
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|
Market Size in 2023
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US$ 326.1 Million |
|
Market Forecast in 2032
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US$ 609.7 Million |
| Market Growth Rate (2024-2032) |
7%
|
Water storage tanks help in supplying water to fire sprinkler systems, in part or in whole. These include warehouses with high-piled storage, aircraft hangers, and high-rise buildings located in earthquake-prone areas that need a secondary water supply. Fire suppression storage tanks create a dedicated location for a particular volume of water which can be utilized by fire departments to supplement or act as the main source of water during fire suppression. In areas where water is either scarce or not connected to a municipal supply, fire suppression tanks are able to supply the critical water needed for fire protection.
With rapid technological advancements and product innovations, the market for water storage tanks has gained traction across North America. The future of the North American water storage tanks market looks promising with opportunities in commercial, municipal, industrial, and residential sectors. Water storage tanks for fire protection have been exhibiting growth in recent years as technology has advanced, processes have evolved, and standards have become more rigorous resulting in increased flexibility, greater durability and lower costs. Furthermore, the construction of warehouses, hotels and offices are witnessing healthy growth rates, which is also expected to stimulate the growth of the fire protection water storage tanks market in North America in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America fire protection water storage tanks market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on material type, coating type, size, and application.
Breakup by Material Type:
- Steel
- Steel Welded
- Steel Bolted
- Fiberglass
- Others
Breakup by Coating Type:
- Epoxy
- Glass-Fused-To-Steel
- Others
Breakup by Size:
- 100,000-250,000 Gallons
- 50,000-100,000 Gallons
- 25,000-50,000 Gallons
- >250,000 Gallons
- <25,000 Gallons
Breakup by Application:
- Commercial
- Large Warehouses
- Shopping Centers
- Hospitals
- Office Buildings
- Others
- Industrial
- Residential
Breakup by Country:
- United States
- Canada
Competitive Landscape:
The report has also examined the competitive landscape of the North America fire protection water storage tanks market. Some of the major players include: Superior Tank Co. Inc, Tank Connection LLC, T.F. Warren Group Inc, CST Industries Inc., National Storage Tank Inc., Fisher Tank Company, DN Tanks Inc., Gulf Coast Tank and Construction Co., Pittsburg Tank & Tower Co Inc., etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Segment Coverage | Material Type, Coating Type, Size, Application, Country |
| Countries Covered | United States, Canada |
| Companies Covered | Superior Tank Co. Inc, Tank Connection LLC, T.F. Warren Group Inc, CST Industries Inc., National Storage Tank Inc., Fisher Tank Company, DN Tanks Inc., Gulf Coast Tank and Construction Co., Pittsburg Tank & Tower Co Inc., etc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The North America fire protection water storage tanks market was valued at US$ 326.1 Million in 2023.
We expect the North America fire protection water storage tanks market to exhibit a CAGR of 7% during 2024-2032.
The increasing demand for fire protection water storage tanks market across various sectors, such as commercial, municipal, industrial, etc., to supply the critical water needed for fire protection, is primarily driving the North America fire protection water storage tanks market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several North American nations, resulting in the temporary closure of numerous end-use industries for fire protection water storage tanks.
Based on the material type, the North America fire protection water storage tanks market has been segmented into steel, fiberglass, and others, where steel currently holds the majority of the total market share.
Based on the coating type, the North America fire protection water storage tanks market can be divided into epoxy, glass-fused-to-steel, and others. Currently, epoxy exhibits a clear dominance in the market.
Based on the size, the North America fire protection water storage tanks market has been categorized into 100,000-250,000 gallons, 50,000-100,000 gallons, 25,000-50,000 gallons, >250,000 gallons, and <25,000 gallons. Among these, 100,000-250,000 gallons currently account for the largest market share.
Based on the application, the North America fire protection water storage tanks market can be segregated into commercial, industrial, and residential. Currently, commercial exhibits a clear dominance in the market.
On a regional level, the market has been classified into United States and Canada, where United States currently dominates the North America fire protection water storage tanks market.
Some of the major players in the North America fire protection water storage tanks market include Superior Tank Co. Inc, Tank Connection LLC, T.F. Warren Group Inc, CST Industries Inc., National Storage Tank Inc., Fisher Tank Company, DN Tanks Inc., Gulf Coast Tank and Construction Co., Pittsburg Tank & Tower Co Inc, etc.
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