Water Storage Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
Global Water Storage Systems Market
Water scarcity in various regions has led to the extensive usage of water storage systems across the residential and municipal sectors. In the commercial and industrial sectors, the need for recycled or treated and fresh water for different purposes, especially in oil and gas refineries, has propelled the demand for water storage systems. Water storage systems are composed of materials such as steel, fiberglass, plastic, and concrete. Water storage systems made of concrete are usually preferred by consumers.
Water storage systems are used in various end-use industries such as commercial, residential, municipal, and industrial. Municipal is the largest end-use industry in the market, as it is engaged in the supply and distribution of potable water to urban, semi-urban, and rural regions. Municipalities look after a vast network of water storage systems to store and deliver water according to the needs of communities. In terms of application, the global water storage systems market has been witnessing significant demand from the oil and gas industry, where hydraulic fracture requires a large amount of water to be stored. The used water after the fracturing process needs to be further stored and treated before being released into the environment. Rise in oil and gas exploration activities has contributed to the demand for water storage systems.
Global Water Storage Systems Market: Overview
Rapid increase in population has led to a rising demand for potable water across urban and rural areas and domestic and public service enterprises. Water scarcity is expected to be the single most impactful outcome of global warming. According to a new report by the United Nations, about half of the world’s population could be facing severe water scarcity by 2030, when demand is expected to outstrip supply by 40%. Growing concerns for conservative water usage due to the scarcity of potable water across various regions has propelled the growth of the global water storage systems market. Increase in the usage of water across the industrial and commercial sectors has also fuelled the demand for water storage systems. However, high capital investment and funding required for the installation of water storage systems is expected to hamper the growth of the market in the near future. The global water storage systems market offers immense growth opportunities, led by the increased focus on recycled and reused water by the industrial sector. Focus on innovation and modification of water storage systems is also expected to boost the market.
Global Water Storage Systems Market: Region-wise Outlook
The global water storage systems market has been segmented into four key regions: Europe, North America, Asia Pacific, and Rest of the World. Developed economies in North America and Europe have contributed significantly toward the growth of the global water storage systems market; however, the market in Asia Pacific and Rest of the World has high potential to expand, as rising scarcity of potable water has led to increased awareness about water conservation in these regions. This has fueled the demand for water storage systems. In Asia Pacific, countries such as India are witnessing severe water shortage. As a result, the demand for water storage systems is rising. In North America, the rapid growth of the water storage systems market can be attributed to extensive oil and gas extraction activities that require reused as well as fresh water.
Key players operating in the global water storage systems market include AG Growth International Inc., Synalloy Corporation, Aqua Dam Inc., Fiber Technology Corporation Inc., American Structures Inc., Aqua Nishihara Corporation Limited, DN Tanks, Pulsed Hydraulics Inc., De Nora Water Technologies, Superior Tank Co. Inc., and GENMOD SERV. Key market players are exploring mergers and acquisitions, while focusing on the development of water storage systems with novel materials.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.