Press release
Global Water Storage Systems Market Set to Reach USD 24.36 Billion by 2027 Amid Rising Water Scarcity Concerns
Water Storage Systems Market
The surge in demand for efficient water storage solutions is being fueled by the rising need for treated and fresh water across industries such as oil and gas refining, agriculture, and manufacturing. Additionally, heightened awareness about water conservation, coupled with government-led initiatives to promote clean water consumption, is accelerating market adoption.
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Key Growth Drivers
Governments worldwide are implementing policies and funding projects aimed at sustainable water management, leading to higher adoption of storage systems. The growing number of commercial buildings, office spaces, and residential complexes is further boosting demand. In developing nations, the use of plastic tanks is becoming increasingly popular due to their affordability and ease of installation.
Climate change and its associated challenges-such as frequent droughts and irregular rainfall-are compelling communities and industries to invest in storage infrastructure to secure consistent water supply. In agriculture, where water demand is high, advanced storage solutions are being deployed to optimize irrigation and improve crop yields.
Technological advancements, including improved water treatment processes and smart monitoring systems, are enhancing the appeal of modern water storage options by ensuring better quality control and efficient distribution.
Market Restraints
While the market outlook is positive, high installation costs remain a hurdle for widespread adoption, particularly in low-income regions. Nevertheless, the long-term benefits of sustainable water management are expected to outweigh initial expenses, fostering continued growth.
Segment Insights
Application: The hydraulic fracture storage and collection segment held the largest market share in 2019 and is projected to grow fastest due to its critical role in oil and gas operations and water conservation efforts.
Material: Fiberglass tanks are expected to be the fastest-growing material segment thanks to their corrosion resistance, durability, and safety features. Concrete tanks, however, remain the most widely used due to their affordability and low maintenance requirements.
End-Use: Municipal use dominated in 2019, driven by urban growth and government conservation programs. The residential sector is anticipated to post the highest growth rate, fueled by rising adoption of cost-effective plastic-based storage systems.
Water Storage Systems Market Top Companies and Competitive Landscape
The water storage systems market is moderately fragmented, with a large number of small and medium-sized manufacturers accounting for a major share of the global market. Manufacturers are well-equipped with manufacturing facilities and are involved in several research and development activities.
Some major players included in the global Water Storage Systems market report are:
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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Water Storage Systems Market Segmentation Analysis
This report forecasts growth of the water storage systems market, in terms of revenue, at the global, regional and country levels and provides analysis of the market trends in each of the sub-segments from 2018 to 2027. The scope of the report can be defined as follows:
For the purpose of this report, Emergen Research has segmented the global water storage systems market in terms of application, material, end-use, and region:
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
Regional Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
North America
U.S.
Canada
Europe
Germany
U.K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Rest of MEA
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