"Actionable Insights to Fuel Your Growth"

Water Storage System Market Size, Share & Industry Analysis, By Material (Concrete, Steel, Plastic, Fiberglass, Others), By Application (Hydraulic Fracture Storage & Collection, Onsite Water & Wastewater Collection, Potable Water Storage System, Fire Suppression Reserve & Storage), By End-User (Municipal, Industrial, Residential, Commercial) And Regional Forecast 2023-2030

Region : Global | Report ID: FBI104955 | Status : Ongoing

 

KEY MARKET INSIGHTS

Water storage systems are used to store water which can be further used for various applications using a well-organized piping network. Water being the basic need across every sector, a reserve for the same is looked upon as an important factor. With the rising population around the world and increased industrialization, oil, and gas activities, the water demand has increased immensely over the last decade. Adding up to this has been the decrease in rainfall which has led governments around the world to recognize water scarcity as a major issue and look for solutions such as rainwater harvesting and others, therefore, building a well-organized water storage systems network. The other factors which are expected to drive the market growth are rising consumer awareness regarding clean water, regulations for water conservation and consumption, and increasing urbanization.


The global water storage system market is segmented based on material, application, and end-use industry. Based on material, the market is segmented into concrete, steel, plastic, fiberglass, and others. The concrete segment dominates the market as these tanks are capable of handling a huge amount of water as compared to other materials and can be constructed as per the requirement for a single-use or number of consumers. Also, these can be constructed underground which avoids usage of space on land. Based on the end-use industry, the market is segmented into municipal, industrial, residential, and commercial. The municipal sector has been the leading sector as a major portion of the water demand is from the residential sector. Also, water harvesting techniques have been introduced at a residential level which has added up to the growth of the segment.


Based on application the market is segmented into hydraulic fracture storage & collection, onsite water and wastewater collection, potable water storage system, fire suppression reserve and storage, rainwater harvesting and collection, and others. Hydraulic fracture storage has been one of the leading applications of the market as water is required in huge amounts during hydraulic fracturing. Owing to contain carbon emissions the use of natural gas has been on a rise in recent years which has led hydraulic fracturing activities to rise and therefore create opportunities for market expansion.


The key market driver is the increasing population around the world which increases the demand from each sector such as oil and gas, industrial, agriculture, and others which in turn drives the growth of the water storage systems market. As per the report by the United Nations Department of Economic and Social Affairs, the global population is expected to rise from the current 7.7 billion to 9.7 billion in 2050.


The key market restraint which can act as a blockade to the growth is the high capital required for the construction of a water storage system. Also, the constructed storage systems need to be maintained at the highest level for proper functioning as any malfunctioning can lead to severe water loss.


Key Market Driver -

Increasing population around the globe directly drives up the demand for water storage systems.

Key Market Restraint -

Frequent maintenance required and high capital


Key Players Covered:


Some of the key market players include AGI - Ag Growth International, CST Industries, Inc., Containment Solutions, DN Tanks, Balmoral Tanks, Caldwell Tanks, Inc., Aqua Dam Inc., Sintex Plastics Technology Limited., Superior Tank Co., Inc., Frontier Polymers Pvt. Ltd., Tank Connection


Regional Analysis:


The global market is studied across five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific has dominated the market over the years owing to the rising population in countries such as China, and India. These developing nations have had massive industrialization and an increase in oil and gas activities which has driven the number of water storage systems. North America also holds a significant share in the market majorly due to the enormous hydraulic fracturing actives carried out in the U.S. Europe holds immense growth opportunities for the market with an expanding industrial sector, initiatives for rainwater harvesting, and an increasing number of commercial and residential buildings in the region.  


To gain extensive insights into the market, Request for Customization


Segmentation


























 ATTRIBUTE


  DETAILS

                                       


By Material




  • Concrete

  • Steel

  • Plastic

  • Fiberglass

  • Others



 


 


By Application




  • Hydraulic Fracture Storage & Collection

  • Onsite Water & Wastewater Collection

  • Potable Water Storage System

  • Fire Suppression Reserve & Storage

  • Rainwater Harvesting & Collection

  • Others



       


By End-User




  • Municipal

  • Industrial

  • Residential

  • Commercial



By Geography




  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)



Key Industry Developments



  • In December 2020, The KGS Group was awarded a $74,964 tender for carrying out refurbishment work of the Estevan water tower by the Estevan city (Canada) council. The water tower is the best backup system for the city and currently requires refurbishment as it has begun to show fatigue.  

  • In October 2019, Denali Incorporated announced its acquisition by National Oilwell Varco (NOV). Following this acquisition, the Denali Incorporated brands that include Belco, Containment Solutions (water storage system manufacturer), Ershigs, Fabricated Plastics, and Fibra will join the Fiber Glass Systems business unit within NOV.


  • Ongoing
  • 2022
  • 2019-2021

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Nikon
The Japan Research
UL
Itochu
Schlumberger

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- UGlobal hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X