Press release
Water Storage Tanks Market to Reach 14 Billion by 2023 with Market Key Players - Carbery Plastics Limited, Enduramaxx Limited, Plastic Proget European (PPE) Srl, Nova Plastic Industries LLC, Niplast storage tanks, Sintex Industries Ltd, American Tank, Inc
The global water storage tanks Market is expected to reach $ 14 billion by 2023, with a CAGR of 3.8% from 2018 to 2023.
Browse details of 160 number of pages research report developed on Water Storage Tanks Market @ https://www.researchcosmos.com/reports/water-storage-tanks-market/326174846
Water Storage Tanks Market Growth Drivers and Restraints:
The main drivers of growth in this market are growth in construction activity, the concern for water conservation and the increase in government regulation of wastewater and aging water infrastructure. In addition, the need for treated, recycled and soft water for various purposes in the industrial and commercial sectors, particularly in refineries, is driving demand for water storage tanks. The future of the global water storage tank market looks promising with opportunities in the commercial, municipal, industrial and residential sectors.
The increase in population has resulted in market demand for water storage tanks in utility and local utilities in both rural and urban areas. It is estimated that about half of the world's population will face severe water shortages in the near future. As a result, the growing concern over the use of conventional water due to lack of drinking water in many areas is the global market for water storage tanks. In addition, an increase in global construction and industrialization activities is planned to supply the market for water storage tanks. Water storage has increased worldwide through its manufacturing process. It is usually made with recycled plastics. This helps to reduce production costs. However, the bulky volume of these tanks increases transportation costs. This should slow down the market. However, extreme weather in the Asia-Pacific region is also one of the major factors affecting the market for water storage tanks.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/water-storage-tanks-market/326174846
Water Storage Tanks Market Geographical Insights:
Depending on the region, the global market for water storage tanks can be segmented into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa. The developed economies of Europe and North America have contributed significantly to the growth of the global market for water storage tanks. Asia Pacific offers strong potential for the water storage tank market. Countries like India are facing severe water scarcity in Asia-Pacific, increasing the demand for water storage systems in the region. The growth of the water storage tank market can also be attributed to the vast oil and gas production activities that require freshwater and also re-use.
Key Players of the Water Storage Tanks Market:
The main players in the global market for water storage tanks includeCarbery Plastics Limited, Enduramaxx Limited, Plastic Proget European (PPE) Srl, Nova Plastic Industries LLC, Niplast storage tanks, Sintex Industries Ltd, American Tank, Inc., GHP Manufacturing Pty Ltd, Protank, Karplus Plastic Fiberglass, Cotterill Civils Ltd., EmilianaSerbatoiSrl, and Al Bassam International Factories LLC.
For any queries, inquire more @ https://www.researchcosmos.com/inquire/water-storage-tanks-market/326174846
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
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