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The global water storage systems market grew at a CAGR of around 5% during 2015-2020. 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. Looking forward, IMARC Group expects the global water storage systems market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global water storage systems market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, material, application and end user.
Breakup by Material:
Breakup by Application:
Breakup by End User:
Breakup by Region:
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.
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