The global water storage systems market is likely to reach value of USD 24.36 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to rising awareness regarding scarcity of fresh water and consumption of clean drinking water. Recycling of the wastewater generated through industries is also contributing to growth of the water shortage systems market. 

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.

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Key Highlights of Report

• 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.
• Key market participants include 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, and Containment Solutions, Inc.

Water Storage Systems Market Segmentation:

Emergen Research has segmented the global water storage systems market based on application, material, end-use, and region:

• Application Outlook (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 (Revenue, USD Billion; 2017–2027)
  • Plastic
  • Concrete
  • Fiberglass
  • Steel
  • Others
• End-use Outlook (Revenue, USD Billion; 2017–2027)
  • Commercial
  • Municipal
  • Residential
  • Industrial

Regional Analysis:

The global Water Storage Systems market report broadly considers the market mechanism of both the developing and developed regions of the market. This section provides crucial data and information about the different market regions, a country-wise analysis of the Water Storage Systems industry, and an assessment of the market reach and consumer base in the key geographical regions to enable readers to formulate effective business expansion strategies.

Major Geographies Encompassed in the Report:

• 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)

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Key Reasons to Buy This Report:

• The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
• It entails a detailed inspection of the Water Storage Systems market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
• The report provides the reader with a deep understanding of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and powerful business tactics.
• Furthermore, the report identifies the key regions and segments that influence the Water Storage Systems market.

The report considers the following timeline for market estimation:

• Historical Years: 2017-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Years: 2020-2027

Table of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Water Storage Systems Market Segmentation & Impact Analysis
    4.1. Water Storage Systems Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Rising demand for water owing to growth in global population
                    4.2.2.2. Increasing awareness regarding water scarcity 
                    4.2.2.3. Increasing demand for treated and fresh water
                    4.2.2.4. Growing government initiatives regarding consumption of clean water
          4.2.3. Market restraints analysis
                    4.2.3.1. High installation cost of the water storage systems 
                    4.2.3.2. Present challenging economic conditions due to the pandemic
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

READ MORE…!

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