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Water Storage Systems Market Report
Water Storage Systems Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026.
Water storage systems market is likely to witness an impressive CAGR of 5.1% during the forecast period. Rapid growing urbanization along with imposition of stringent regulations for conservation of water is the major key driver that is contributing to the demand for water storage systems, globally.
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Water Storage Systems Market – Snapshot |
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Growth |
5.1% for the next five years |
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Major Material Type |
Concrete |
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Key Application Type |
Hydraulic Fracture Storage & Collection |
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Dominant End-Use Industry Type |
Municipal |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
CST Industries, Inc., ZCL Composites, Inc., Synalloy Corporation, AG Growth International Inc., Grupo Rotoplas S.A.B. De C.V., Mcdermott International, Inc., BH Tank, Fiber Technology Corporation, Caldwell Tanks, Containment Solutions Inc., Maguire Iron Inc., Snyder Industries, Crom Corporation, Tank Connection, Contain Enviro Services Ltd., HMT LLC, DN Tanks, Hendic Bv, Sintex Plastics Technology Limited, and Balmoral Tanks Limited. |
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Based on the material type, the market is segmented as concrete, steel, plastic, fiberglass, and others. The concrete segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. Durability and corrosion resistant properties of concrete is driving the growth of this segment.
Based on the application type, the market is segmented as hydraulic fracture storage & collection, onsite water & wastewater collection, potable water storage system, fire suppression reserve & storage, rainwater harvesting & collection, and others. The hydraulic fracture storage & collection segment accounted for the largest share of the market in 2020, and is expected to maintain its dominance during the forecast period. The growth of the segment is driven by increasing oil explorations.
Based on the end-use industry type, the water storage systems market is segmented as municipal, industrial, commercial, and residential. The municipal segment dominates the market on account of global water scarcity. Further, growing population and increasing urbanization are likely to propel the segment’s growth during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for water storage systems during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the increasing government initiatives to conserve water as well as rapidly growing industrial, commercial, and residential developments in emerging economies of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Water storage systems include containers for storing water. These systems are used to provide storage of water for use in many applications such as municipal, residential, commercial, and industrial.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Water Storage Systems Market Research Report - Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The water storage systems market is segmented into the following categories.
Some of the major players in the water storage systems market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
The water storage systems market is expected to witness an impressive growth of 5.1% CAGR in the foreseeable future.
CST Industries, Inc., ZCL Composites, Inc., Synalloy Corporation, AG Growth International Inc., Grupo Rotoplas S.A.B. De C.V., Mcdermott International, Inc., BH Tank, Fiber Technology Corporation, Caldwell Tanks, Containment Solutions Inc., Maguire Iron Inc., Snyder Industries, Crom Corporation, Tank Connection, Contain Enviro Services Ltd., HMT LLC, DN Tanks, Hendic Bv, Sintex Plastics, Technology Limited, and Balmoral Tanks Limited are among the key players in the water storage systems market.
Asia-pacific is expected to be the largest water storage systems market during the forecast period.
The concrete segment is expected to remain dominant in the water storage systems market in the coming five years.
The hydraulic fracture storage & collection segment is expected to remain dominant in the water storage systems market during the forecast period.
Rapid growing urbanization along with imposition of stringent regulations for conservation of water is the key factor driving the growth of water storage systems market.
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