The report "Water Storage Systems Market by Material (Concrete, Steel, Plastic, Fiberglass), Application, End-use Industry (Municipal, Industrial, Residential, Commercial), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2024" The global water storage systems market size is expected to grow from USD 15.6 billion in 2019 and is projected to reach USD 20.5 billion by 2024, at a CAGR of 5.6% from 2019 to 2024. Major drivers of the water storage systems industry include the rapidly growing population, water scarcity, stringent regulation for conservation & consumption fo water and others.
Concrete material is projected to lead the water storage systems market during the forecast period
Based on the material, the water storage systems industry is segregated into steel, fiberglass, concrete, plastic, and others. The others include collapsible tanks, wood tanks, and open lined pits. Among these, concrete water storage systems accounted for the largest of the global water storage systems market share. This growth can be attributed to cost-effectiveness for installation, coupled with the low maintenance costs of concrete material. Fiberglass water storage systems to grow at the highest CAGR during the forecast period.
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Hydraulic fracture storage & collection application is projected to lead the water storage systems market during the forecast period
Based on the application, the water storage systems industry is segregated into hydraulic fracture storage & collection, onsite water & wastewater collection, potable water storage systems, fire suppression reserve & storage, rainwater harvesting & collection, and others. The other applications of water storage tanks include irrigation, secondary containment systems, and marine. Among these, hydraulic fracture storage & collection accounted for the largest share in 2018. This growth is attributed to the increasing oil & gas activities around the globe, coupled with the rising environmental concerns regarding the availability of water resources for future generations.
The municipal industry is the major consumer of water storage systems during the forecast period
Based on the end-use industry, the market is segregated into municipal, industrial, commercial, and residential. In terms of value, Municipal water storage systems accounted for the most significant share in the water storage systems market. This growth can be attributed to a rapidly increasing population, water scarcity, and rapid urbanization. Additionally, the residential end-use industry is expected to register the highest CAGR during the forecast period.
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Asia Pacific is projected to be the largest consumer of water storage systems during the forecast period.
By region, the industry is segregated into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, Asia Pacific is expected to lead the water storage systems market during the forecast period. This growth is attributed to the scarcity of water, ineffective utilization of water, inefficient recycling of industrial wastewater for reuse, rapidly growing population & urbanization, stringent regulation for water conservation & discharges into the environment, and falling levels of rain, among others.
Key players in the water storage systems market are CST Industries, Inc. (US) and McDermott International Inc. (US), Containment Solutions Inc., (US), DN Tanks (US), Caldwell Tanks (US), Balmoral Tanks Limited (UK), and Synalloy Corporation (US) and 18 others are considered for the study.
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The Plastic Water Storage Systems market was valued at Million US$ in 2020 and is projected to reach Million US$ by 2027, at a CAGR of during the forecast period.
In this study, 2020 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Plastic Water Storage Systems.This report presents the worldwide Plastic Water Storage Systems market size (value, production and consumption), splits the breakdown (data status 2017-2020 and forecast to 2027), by manufacturers, region, type and application.Read More: https://www.eternityinsights.com/report/plastic-water-storage-systems-marketThis study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.The following manufacturers are covered in this report:Sintex Industries LtdNiplast Storage TanksAmerican Tank Co., Inc.Protank (USA)GHP Manufacturing Pty LtdKarplas Composite Plastic Fiberglass Co.Emiliana Serbatoi S.r.l.Cotterill Civils Ltd.Carbery Plastics LimitedPlastic Proget European (PPE) S.r.l.Enduramaxx LimitedAl Bassam International Factories L.L.C.Nova Plastic Industries L.L.C.Plastic Water Storage Systems Breakdown Data by TypePolyethyleneFiber GlassOthersPlastic Water Storage Systems Breakdown Data by ApplicationCommercialResidentialMunicipalIndustrialRequest Free Sample: https://www.eternityinsights.com/request-a-sample/33863Plastic Water Storage Systems Production by RegionUnited StatesEuropeChinaJapanOther RegionPlastic Water Storage Systems Consumption by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalyRussiaRest of EuropeCentral & South AmericaBrazilRest of South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaRest of Middle East & AfricaThe study objectives are:To analyze and research the global Plastic Water Storage Systems status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Plastic Water Storage Systems manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Plastic Water Storage Systems :History Year: 2017 - 2020Base Year: 2020Estimated Year: 2020Forecast Year: 2021 – 2027Ask For Discount: https://www.eternityinsights.com/ask-for-discount/33863This report includes the estimation of market size for value (million USD) and volume (K m³).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Plastic Water Storage Systems market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2020 is considered as the base year.
We focus on almost all industries and deeply examine their segments & sub-segments.
