Water Storage Systems Market Forecast to 2027

The Water Storage Systems Market research report is a comprehensive and vital document that includes business strategies, qualitative and quantitative analysis, and emerging trends in the global Water Storage Systems Market. The report provides in-depth research and analysis of the key elements of the global Water Storage Systems Market. This report was created by the research analysts after conducting extensive primary and secondary research and analysing the drivers, restraints, challenges, trends, and opportunities in the Water Storage Systems Market.

According to a recent estimate by Emergen Research, the market for water storage systems would likely reach a value of USD 24.36 billion by 2027. The market's expansion can be linked to people being more conscious of the need of drinking clean water and the scarcity of fresh water. The market for water shortage systems is expanding in part due to recycling of wastewater produced by various sectors. Water storage systems are being adopted more frequently by nations with harsh climatic conditions and a significant danger of drought. In the near future, farmers are anticipated to use water harvesting more frequently in order to decrease erosion, boost crop yields, and improve product reliability.

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The global Water Storage Systems market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Water Storage Systems industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Synalloy Corporation, CST Industries, Inc., Mcdermott International, Inc., AG Growth International Inc., BH Tank, Caldwell Tanks, Sintex Plastics Technology Limited, Fiber Technology Corporation, Snyder Industries, Containment Solutions, Inc.

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Key Highlights of Report

• In March 2019, AG Growth International, Inc. acquired Intellifarms, which provides technology-based products such as hardware and software for monitoring grain conditions during storage for growers and grain processors. The acquisition is expected to help AG Growth International; Inc. expand its controls, technology, and project management capabilities.
• The hydraulic fracture storage collection segment held the largest market share of 39.1% in 2019. Increasing utilization of treated and fresh water in oil and gas refineries is expected to drive the segment during the forecast period.
• The fiberglass material segment is projected to expand at the most rapid CAGR of 6.7% during the forecast period. Anti-aging, safe, reliable, and fire-resistant nature of fiberglass and its long service life is boosting usage of fiberglass material-based water tanks in commercial and industrial sectors.
• The municipal segment accounted for the largest market share in 2019. Growing government initiatives regarding water conservation led by rising scarcity of water have driven utilization of water storage systems by municipalities.
• The Asia Pacific region is expected to be the most rapidly expanding region of the global market during the forecast period. Rapid urbanization and industrialization and increasing population in developing economies is driving the water storage systems market in the region.

Market Overview:

The report bifurcates the Water Storage Systems market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017–2027)
• Hydraulic Fracture Storage Collection
• Rainwater Harvesting Collection
• On-site Water Wastewater Collection
• Potable Water Storage System
• Fire Suppression Reserve Storage
• Others

• Material Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017–2027)
• Plastic
• Concrete
• Fiberglass
• Steel
• Others

• End-use Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017–2027)
• Commercial
• Municipal
• Residential
• Industrial

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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