The market size, market share, revenue growth, and CAGR from 2020 to 2027 are all covered in the Water Storage Systems Market study. A complete SWOT analysis, Porter's Five Forces analysis, and feasibility analysis are all included in the study to provide readers a competitive edge. It also contains important information about the leading businesses in the market. The present pandemic's recent trends, significant difficulties, prospects, and limitations are the main subjects of the report.
According to a recent estimate by Emergen Research, the market for water storage systems would likely reach a value of USD 24.36 billion by 2027. The market's expansion can be linked to people being more conscious of the need of drinking clean water and the scarcity of fresh water. The market for water shortage systems is expanding in part due to recycling of wastewater produced by various sectors. Water storage systems are being adopted more frequently by nations with harsh climatic conditions and a significant danger of drought. In the near future, farmers are anticipated to use water harvesting more frequently in order to decrease erosion, boost crop yields, and improve product reliability.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the 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.
Target Audience of the Global Water Storage Systems Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed 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)
Market Segmentations of the Water Storage Systems Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2027. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Water Storage Systems market on the basis of product, application, and region:
Segments Covered in this report are:
- 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
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Key Highlights of Report
- 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.
- 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.
- The Asia Pacific region is expected to be the most rapidly expanding region of the global market during the forecast period. Rapid urbanization and industrialization and increasing population in developing economies is driving the water storage systems market in the region.
Additional information offered by the report:
- Along with a complete overview of the global Water Storage Systems market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Water Storage Systems market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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