Market Overview:

The North America fire protection water storage tanks market size reached US$ 276.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 445.5 Million by 2027, exhibiting a growth rate (CAGR) of 7.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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 sub-segment of the North America fire protection water storage tanks market report, along with forecasts at the regional and country level from 2022-2027. 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:

Key Questions Answered in This Report:

• How has the North America fire protection water storage tanks market performed so far and how will it perform in the coming years?
• What is the breakup of the North America fire protection water storage tanks market based on the material type?
• What has been the impact of COVID-19 on the North America fire protection water storage tanks market?
• What is the breakup of the North America fire protection water storage tanks market based on the coating type?
• What is the breakup of the North America fire protection water storage tanks market based on the tank size?
• What is the breakup of the North America fire protection water storage tanks market based on the application?
• What is the breakup of the North America fire protection water storage tanks market based on the country?
• What are the various stages in the value chain of the North America fire protection water storage tanks market?
• What are the key driving factors and challenges in the North America fire protection water storage tanks market?
• What is the structure of the North America fire protection water storage tanks market industry and who are the key players?
• What is the degree of competition in the North America fire protection water storage tanks market?