North America Fire Protection Water Storage Tanks Market Report

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

North America Fire Protection Water Storage Tanks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The North America fire protection water storage tanks market reached a value of US$ 193 Million in 2018. 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. Looking forward, the market is expected to reach a value of US$ 366 Million by 2024, exhibiting a CAGR of around 11% during 2019-2024.

Report Scope

Market Break by Material Type

Steel
Fiberglass
Others

Market Break by Coating Type

Epoxy
Glass-Fused-To-Steel
Others

Market Break by Size

100,000-250,000 Gallons
50,000-100,000 Gallons
25,000-50,000 Gallons
>250,000 Gallons
<25,000 Gallons

Market Break 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.

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 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 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?