Market Overview:
The global water storage systems market size reached US$ 16.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
A water storage system stores excess water and makes it available during shortages or low supply. It is used in remote areas that do not have easy access to water resources. It is widely available in different sizes, ranging from rain barrels and water tanks to industrial reservoirs. Amongst these, water tanks are widely used for domestic and agriculture purposes. They help lower the risk of algae formation, reduce the need for chlorine treatment and minimize the overall maintenance costs. Presently, several manufacturers are offering advanced coatings, such as ceramic epoxy paints, in potable water storage tanks to expand their existing consumer base.
The growing dependence on agricultural food products, in confluence with the rising awareness about water conservation, represents one of the leading factors influencing the adoption of water storage systems. They are widely used in the agriculture sector for watering livestock, reducing erosion, and improving crop yields and production reliability. Additionally, as these systems provide secure access to water with reliable storage, they are increasingly being utilized in fire suppression water tanks and the mining industry. Other significant uses of large capacity water storage systems include energy generation for industrial and commercial sectors. Furthermore, several leading manufacturers are focusing on enhancing the aesthetic appeal of their product variants. They are also introducing water storage systems that resist water-borne chemicals and extreme environmental conditions like temperature and seismic loads, which is anticipated to escalate the demand for these systems in the residential sector in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global water storage systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material, application and end user.
Breakup by Material:
- Concrete
- Metal
- Plastic
- Fiberglass
- Others
Breakup by Application:
- Rainwater Harvesting and Collection
- Fire Suppression Reserve and Storage
- Portable Water Storage Systems
- On-Site Water and Wastewater Collection
- Hydraulic Fracture Storage and Collection
- Others
Breakup by End User:
- Municipal
- Industrial
- Commercial
- Residential
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AG Growth International Inc., Aqua Nishihara Corporation Limited, Balmoral Group Holdings Ltd., Caldwell Tanks Inc., Containment Solutions Inc. (National Oilwell Varco- NOV), CST Industries Inc., Dn Tanks Inc., Fiber Technology Corporation, McDermott International Inc., Sintex Plastics Technology Ltd., Snyder Industries LLC and Tank Connection L.L.C.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2022 |
Historical Period |
2017-2022 |
Forecast Period |
2023-2028 |
Units |
US$ Billion |
Segment Coverage |
Material, Application, End User, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
AG Growth International Inc., Aqua Nishihara Corporation Limited, Balmoral Group Holdings Ltd., Caldwell Tanks Inc., Containment Solutions Inc. (National Oilwell Varco- NOV), CST Industries Inc., Dn Tanks Inc., Fiber Technology Corporation, McDermott International Inc., Sintex Plastics Technology Ltd., Snyder Industries LLC and Tank Connection L.L.C |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
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) |
Key Questions Answered in This Report:
- How has the global water storage systems market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global water storage systems market?
- What are the key regional markets?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global water storage systems market and who are the key players?
- What is the degree of competition in the industry?