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.

Report Code: CMR 0727 Report Format: PDF + Excel

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

By Type

  • Potable Water Storage Systems
  • Non-Potable Water Storage Systems

By Material

  • Fiberglass
  • Concrete
  • Metal
  • Plastic
  • Others

By Storage Capacity

  • Up to 1,000 Gallons
  • 1,000 to 10,000 Gallons
  •  More than 10000 Gallons

By Installation

  • Under Ground
  • Above Ground

By Application

  • Onsite Water & Wastewater Collection
  • Rainwater Harvesting and Collection
  • Fire Suppression Reserve and Storage
  • Hydraulic Fracture Storage and Collection
  • Agricultural Irrigation Storage
  • Emergency Water Storage
  • Others

 

By    End Use Industry

  • Residential
  • Agriculture
  • Automotive
  • Chemical
  • Energy and Power
  • Food and Beverage
  • Electronics & ICT
  • Lifesciences and Healthcare
  • Aerospace and Defense
  • Mining
  • Oil & Gas
  • Others 

By Geography

  • North America (U.S, Canada and Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Netherlands, Belgium and 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).

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:

  1. McDermott International Ltd.
  2.  Ascent Industries Co
  3. CST Industries, Inc.
  4.  DN Tanks
  5. Sintex Plastics Technology Limited
  6.  Caldwell Tanks
  7.  National Oilwell Varco (NOV)
  8. Balmoral Tanks Limited
  9. Snyder Industries
  10. Enduramaxx Limited

Scope of Report: 

Report Metric Details

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

  1. McDermott International Ltd.
  2. Ascent Industries Co
  3. CST Industries, Inc.
  4. DN Tanks
  5. Sintex Plastics Technology Limited
  6. Caldwell Tanks
  7. National Oilwell Varco (NOV)
  8. Balmoral Tanks Limited
  9. Snyder Industries
  10. Enduramaxx Limited


 

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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.