Press release
North America Fire Protection Water Storage Tanks Market Size, Share, Demand, Manufacturers and Forecast 2023-2028
North America Fire Protection Water Storage Tanks Market 2023-2028
How big is the North America fire protection water storage tanks market?
The North America fire protection water storage tanks market size reached US$ 276.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 445.5 Million by 2027, exhibiting a growth rate (CAGR) of 7.8% during 2022-2027.
Market Outlook:
Water storage tanks for fire protection are elevated containers that supply an adequate amount of water to fire sprinkler systems and other fighting measures. They are usually manufactured from steel and fiberglass materials and then coated with epoxy and glass-fused-to-steel. These systems are inexpensive, durable, have a long service life, and prevent loss of property by providing safety in unpredictable circumstances. Therefore, these water tanks are incorporated in dedicated areas or locations to enable water supply for dousing a fire. Consequently, they are further installed in home and business settings, high-rise buildings, warehouses with high-piled storage, and aircraft hangars in earthquake-prone areas to prevent fire-related injuries or deaths.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/north-america-fire-protection-water-storage-tanks-market/requestsample
Market Trends and Demand:
The increasing incidences of fire-related injuries across various commercial and industrial sectors and the rising need for water-supplying systems to reduce fire and protect workers from severe danger are primarily driving the market growth. In line with this, the introduction of more adaptable, robust, and economical product variants that can be easily installed in commercial, residential, and industrial sectors is favoring the market growth.
Additionally, the ongoing development of innovative, high-performance, state-of-the-art fire protection water storage tanks in different capacities and the increasing demand for water storage tanks with minimal water loss property are impelling the market growth. Besides this, rapid urbanization, industrialization, and the expanding construction of warehouses, hotels, and offices in the region are supplementing the product demand in the regional market.
North America Fire Protection Water Storage Tanks Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the North America fire protection water storage tanks market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
• Superior Tank Co. Inc
• Tank Connection LLC
• T.F. Warren Group Inc
• CST Industries Inc.
• National Storage Tank Inc.
• Fisher Tank Company
• DN Tanks Inc.
• Gulf Coast Tank and Construction Co.
• Pittsburg Tank & Tower Co Inc.
Explore Full Report Description At: https://www.imarcgroup.com/north-america-fire-protection-water-storage-tanks-market
Key Market Segmentation:
The report has segmented the North America fire protection water storage tanks market on the basis of ingredient, additives, product form, end user and region.
Breakup by Material Type:
• Steel
• Steel Welded
• Steel Bolted
• Fiberglass
• Others
Breakup by Coating Type:
• Epoxy
• Glass-Fused-To-Steel
• Others
Breakup by Size:
• 100,000-250,000 Gallons
• 50,000-100,000 Gallons
• 25,000-50,000 Gallons
• >250,000 Gallons
•
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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