Water Storage Systems Market- By Type, By Material, By Storage Capacity, By Installation, By Application, By End Use Industry, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030.
Water Storage Systems Market Overview:
Water Storage Systems Market size is estimated to reach $32 billion by 2030, growing at a CAGR of 8.4% during the forecast period 2024-2030. Water storage systems are containers used to store water for later use. They come in all shapes and sizes, from small rooftop containers to large underground tanks. The water storage systems market is on the rise due to water scarcity, government regulations and incentives & growing need for water security. These factors are set to drive the growth of the Water Storage systems Market during the forecast period 2024-2030.
The water storage market is experiencing a surge of innovation in design, driven by the need for smarter, more sustainable, and efficient water management solutions. Innovations in tank design are enabling more efficient use of space and resources. Modular tanks, flexible bladder tanks, and collapsible tanks are gaining popularity for their adaptability to various industrial needs and constraints. These designs facilitate easy installation, expansion, and relocation, offering industries the flexibility to scale their water storage capacity in line with their operational demands and environmental conditions. These factors positively influence the Water Storage Systems industry outlook during the forecast period.
Market Snapshot:
Water Storage Systems Market- Report Coverage:
The “Water Storage Systems Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Water Storage systems Market.
Attribute | Segment |
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By Type |
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By Material |
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By Storage Capacity |
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By Installation |
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By Application |
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By End Use Industry |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
- The COVID-19 pandemic has had a significant impact on the global Water Storage Systema market. Lockdowns, supply chain disruptions, and economic slowdowns caused by the pandemic led to delays in government scheme implementations, affecting the demand for Water Storage Systems. Additionally, stringent health and safety measures in industrial facilities and construction sites further slowed down the deployment of water storage systems.
- The war in Ukraine has also affected the Water Treatment System market. The conflict has caused disruptions in commodity markets and supply chains, leading to uncertainty and volatility. Instability in the region affects the availability of raw materials and increased production costs for Water Treatment System manufacturers. Furthermore, geopolitical tensions and trade disruptions could hamper market growth and investment in affected regions.
Key Takeaways:
Asia Pacific is the largest region
The Asia Pacific (APAC) region is largest market for water storage systems with a market share of 35% in 2023 due to several factors that drive a high demand for water storage solutions. Water storage is crucial for regions like South Asia to deal with droughts and flood, both these natural disasters threaten the access to fresh water. Water storage is required for vital services such as provision of water for drinking, sanitation, hygiene, and irrigation, which in turn are crucial for human health, welfare, and food security. According to NASA’s Gravity Recovery and Climate Experiment (GRACE) mission, South Asia is one of the regions challenged by over-extraction of groundwater. As per The World Bank estimates India has just 11 days of water supply for every 100 days of demand. Therefore, the demand for water storage systems is very high in this region.
Hydraulic Fracture Storage and Collection is the largest
Hydraulic fracturing (fracking) operations require millions of gallons of water to fracture rock formations and release oil or gas. The United States Environmental Protection Agency estimated that the annual water usage for hydraulic fracking may be as high as 140 billion gallons. The growth of unconventional oil and gas extraction, particularly in regions like North America, has increased the number of fracking sites, driving the demand for water storage. Efficient water storage systems help minimize operational costs by ensuring a steady water supply, reducing logistical challenges and preventing delays. These factors make hydraulic fracturing the dominant application for water storage systems.
Concrete Tanks are most common
Concrete tanks can be used for a variety of purposes, including potable water storage, wastewater treatment, rainwater harvesting, and fire suppression. Their versatility makes them a popular choice across multiple applications. Concrete tanks can be constructed above or below ground and they come in a variety of sizes and capacities, and can either be pre-cast and delivered to the site or erected there itself, more over they are more long-lasting., these are all because the concrete’s use of reinforced steel that imparts maximum strength. Concrete doesn’t rust on its own, overall, it has excellent insulation qualities that keeps the water colder.
Water Scarcity to Drive Market Growth
Water scarcity is becoming an increasingly pressing issue in many parts of the world. According to Asian Development Bank report published in 2022, despite advances in the water sector of the Asia and Pacific region, almost 500 million people in the Asia and Pacific region do not have access to basic water supplies and 1.12 billion lack access to basic sanitation. In March 2022, the Singapore Government allocated $220 million under the Research, Innovation and Enterprise 2025 (RIE2025) Urban Solutions & Sustainability (USS) domain to drive new initiatives in water technologies and resource circularity. Such investments will boost the demand for water storage systemssand drive market growth during the forecast period.
Government Regulations and Incentives to Propel the Market Forward
Government regulations and incentives play a key role in driving the water storage systems market. Regulations often mandate stringent water management practices to ensure environmental protection, water conservation, and public health. Compliance with these regulations prompts industries, municipalities, and agricultural sectors to invest in reliable and compliant storage solutions. Governments also provide incentives to encourage investments in sustainable and innovative water storage solutions, promoting the adoption of systems like rainwater harvesting tanks, greywater recycling units, and large-scale reservoirs. For instance, in September 2022, the Odisha government started the community harnessing and harvesting of rainwater artificially from Terrace to Aquifer (CHHATA) scheme, aimed at rainwater harvesting. Under this scheme, there is a subsidy provision 50% of the cost of the rainwater harvesting system to encourage the public for adopting the scheme in their buildings.
Leakages and Algal Growth to Hamper Growth
Leakages and algal growth are two common problems that can plague water storage tanks. Leaks can develop due to various reasons like cracks or holes in the tank wall, caused by impact, corrosion, or faulty manufacturing, loose or improperly sealed fittings and connections at pipes, valves, or gauges or gasket deterioration over time, leading to leaks around access points like lids or hatches. According to the Environmental Protection Agency (EPA), the average home leaks around 10,000 gallons of water every year. Around 10% of households waste more than 90 gallons of water daily through minor leaks. Algae thrive in warm, stagnant water with access to sunlight. If tanks are not properly maintained, algae can become a problem. Algae growth can clog filters and reduce water flow, impart a bad taste and odour to the water as well as release harmful toxins in some cases.
Water Storage Systems Market: Market Share (%) by Geography, 2023
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Key Market Players:
The top 10 companies in the Water Storage Systems Market are:
- McDermott International Ltd.
- Ascent Industries Co
- CST Industries, Inc.
- DN Tanks
- Sintex Plastics Technology Limited
- Caldwell Tanks
- National Oilwell Varco (NOV)
- Balmoral Tanks Limited
- Snyder Industries
- Enduramaxx Limited
Scope of Report:
Report Metric | Details |
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Market size available for years |
2024–2030 |
Base year considered |
2023 |
Forecast period |
2024–2030 |
Forecast units |
Value (USD) |
Segments covered |
Type, Material, Storage Capacity, Installation, Application., End Use Industry and Region |
Geographies covered |
North America (US, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Companies covered |
Key 10 players covered include
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1. Water Storage Systems Market- Market Overview
1.1 Definitions and Scope
2. Water Storage Systems Market - Executive Summary
2.1 Key Trends by Type
2.2 Key Trends by Material
2.3 Key Trends by Storage Capacity
2.4 Key Trends by Installation
2.5 Key Trends by Application
2.6 Key Trends by End Use Industry
2.7 Key Trends by Geography
3. Water Storage Systems Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Water Storage Systems Market - Startup companies Scenario Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Water Storage Systems Market – Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Water Storage Systems Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Water Storage Systems Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Water Storage Systems Market – By Type (Market Size –$Million/$Billion)
8.1 Portable Water Storage Systems
8.2 Non-Portable Water Storage Systems
9. Water Storage Systems Market – By Material (Market Size –$Million/$Billion)
9.1 Fiberglass
9.2 Concrete
9.3 Metal
9.3.1 Stainless Steel
9.3.2 Carbon Steel
9.3.3 Galvanised steel
9.3.4 Aluminum
9.3.5 Others
9.4 Plastic
9.4.1 Polyethylene
9.4.2 Polyvinyl Chloride (PVC)
9.4.3 Polyvinylidene Fluoride (PVDF)
9.4.4 Others
9.5 Others
10. Water Storage Systems Market – By Storage Capacity (Market Size –$Million/$Billion)
10.1 Up to 1,000 Gallons
10.2 1,000 to 10,000 Gallons
10.3 More than 10000 Gallons
11. Water Storage Systems Market – By Installation (Market Size –$Million/$Billion)
11.1 Underground
11.2 Above Ground
12. Water Storage Systems Market – By Application (Market Size –$Million/$Billion)
12.1 Onsite Water & Wastewater Collection
12.2 Rainwater Harvesting and Collection
12.3 Fire Suppression Reserve and Storage
12.4 Hydraulic Fracture Storage and Collection
12.5 Agricultural Irrigation Storage
12.6 Emergency Water Storage
12.7 Others
13. Water Storage Systems Market – By End Use Industry (Market Size –$Million/$Billion)
13.1 Residential
13.2 Agriculture
13.3 Automotive
13.4 Chemical
13.5 Energy and Power
13.6 Food and Beverage
13.7 Electronics & ICT
13.8 Lifesciences and Healthcare
13.9 Aerospace and Defense
13.10 Mining
13.11 Oil & Gas
13.12 Others
14. Water Storage Systems Market - By Geography (Market Size -$Million/Billion)
14.1 North America
14.1.1 USA
14.1.2 Canada
14.1.3 Mexico
14.2 Europe
14.2.1 UK
14.2.2 Germany
14.2.3 France
14.2.4 Italy
14.2.5 Netherlands
14.2.6 Spain
14.2.7 Belgium
14.2.8 Rest of Europe
14.3 Asia-Pacific
14.3.1 China
14.3.2 Japan
14.3.3 India
14.3.4 South Korea
14.3.5 Australia
14.3.6 Indonesia
14.3.7 Thailand
14.3.8 Malaysia
14.3.9 Rest of APAC
14.4 South America
14.4.1 Brazil
14.4.2 Argentina
14.4.3 Colombia
14.4.4 Chile
14.4.5 Rest of South America
14.5 Rest of the World
14.5.1 Middle East
14.5.2 Africa
15. Water Storage Systems Market – Entropy
15.1 New Product Launches
15.2 M&As, Collaborations, JVs and Partnerships
16. Water Storage Systems Market – Industry/Segment Competition Analysis
16.1 Company Benchmarking Matrix – Major Companies
16.2 Market Share at Global Level - Major companies
16.3 Market Share by Key Region - Major companies
16.4 Market Share by Key Country - Major companies
16.5 Market Share by Key Application - Major companies
16.6 Market Share by Key Product Type/Product category - Major companies
17. Water Storage Systems Market – Key Company List by Country Premium
18. Water Storage Systems Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
18.1 McDermott International Ltd.
18.2 Ascent Industries Co
18.3 CST Industries, Inc.
18.4 DN Tanks
18.5 Sintex Plastics Technology Limited
18.6 Caldwell Tanks
18.7 National Oilwell Varco (NOV)
18.8 Balmoral Tanks Limited
18.9 Snyder Industries
18.10 Enduramaxx Limited
"*Financials would be provided on a best-effort basis for private companies*”
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The Water Storage systems Market is forecast to grow at 8.4% during the forecast period 2024 -2030.
Global Water Storage systems Market size is estimated to be US$17 billion in 2023 and is projected to reach US$32 billion by 2030.
McDermott International Ltd., Ascent Industries Co, CST Industries, Inc., DN Tanks, Sintex Plastics Technology Limited and others.
The rise in creative tank designs to address water management challenges and the need for smarter, more sustainable, and efficient water management
Governments regulations and incentives, water scarcity and the growing need for water security are expected to drive the market during the forecast period.