Water Storage Systems Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2027


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

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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.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 Asia Pacific region is expected to be the most rapidly expanding region of the global market during the forecast period. Rising awareness regarding scarcity of fresh water and growing interest of industries in usage of recycled water are driving the market. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. 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. Increasing utilization of treated and fresh water in oil and gas refineries is expected to drive the segment during the forecast period.

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. Countries facing severe climatic conditions and a high risk of drought are increasingly adopting water storage systems. Rising demand for treated water in oil and gas refineries and growth in oil gas exploration activities globally are likely to offer lucrative opportunities for major market players in the water storage systems market in the near future. Rising utilization of water harvesting by farmers to reduce erosion and increase crop yields and product reliability is expected to drive the water storage systems market in the near future. The rising demand for the Water Storage Systems  products is expected to drive the demand for Water Storage Systems , thereby bolstering the growth of the industry. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals. Rapid urbanization and industrialization and increasing population in developing economies is driving the water storage systems market in the region.

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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.

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

End-use Outlook (Revenue, USD Billion; 2017–2027)

Commercial

Municipal

Residential

Industrial

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

Read More: https://www.emergenresearch.com/industry-report/water-storage-systems-market

Global Water Storage Systems  Market Report – Table of Contents:

Chapter 1 includes the global Water Storage Systems  market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.

Chapter 2 broadly categorizes the Water Storage Systems  market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.

Chapter 3 elaborates on the competitive outlook of the Water Storage Systems  market, focusing on the major manufacturers and vendor landscape.

Chapter 4 exhaustively studies the key manufacturers of the Water Storage Systems  industry, along with their anticipated sales and revenue shares.

Chapters 5 includes market segmentation based on product type, application range, and market players. 

Key Objectives of the Report:

Analysis and estimation of the Water Storage Systems  market size and share for the projected period of 2020-2027

Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Water Storage Systems  market

Countries facing severe climatic conditions and a high risk of drought are increasingly adopting water storage systems.

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