According to a new market report published by Lucintel,
the future of the global water storage tank market looks promising with
opportunities in commercial, municipal, industrial, and residential sectors. The
global water storage tank market is expected to reach an estimated $14 billion
by 2023 with a CAGR of 3.8% from 2018 to 2023. The major growth drivers for
this market are growing construction activities, increasing concerns about
water conservation, increasing government regulations for wastewater, and aging
water infrastructure.
In this
market, concrete (built in place and precast),
polymers, steel, and fiberglass are the
materials used for manufacturing of water storage tanks. On the basis of
comprehensive research, Lucintel forecasts that the concrete water storage tank
is expected to remain the largest segment over the forecast period due to low-cost, durability, and minimal maintenance
requirements. Lucintel predicts that fiberglass water tanks will witness the
highest growth because of light weight, high degree of chemical resistance,
service life, and low maintenance cost.
Within the global water storage tank market,
the municipal will remain the largest end use segment during the forecast
period due to increasing infrastructure spending. The commercial segment is
expected to witness the highest growth due to increasing commercial
construction activities.
APAC is expected to remain the largest market and also witness the highest growth over the
forecast period due to growing population and construction activities in this
region.
Emerging trends which have a direct impact on
the dynamics of the industry include increasing use of roto-molding powder to manufacture cost effective
tanks and increasing demand of four layered water storage tanks. McDermott
International, Caldwell Tanks, Crom Corporation, Tank Connection, DN Tanks,
Synalloy Corporation, Fiber Technology Corporation, ZCL Composites, Sintex
Industries, and Superior Tank are among the major suppliers of water
storage tanks.
Lucintel, a leading global strategic consulting and market research firm, has
analyzed growth opportunities in the global water storage tank market by end
use, application, installation type,
storage capacity, material, and region, and has compiled a comprehensive
research report entitled “Growth
Opportunities in the Global Water Storage Tank Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy by providing comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast for the global water storage tank market by application, material,
size, end use, type, and region, as follows:
By Application Type [Value ($ Million) from
2012 to 2023]:
· Potable Water
· Water
Conservation
· Wastewater
· Industrial
Wastewater
· Fire
Protection
· Plumbing
& Engineering Solution
By Material
Type [Value ($ Million) from 2012 to 2023]:
· Fiberglass
· Steel
· Concrete
(Built in Place and Precast)
· Polymer
· Others
By Storage
Capacity [Value ($ Million) from 2012 to 2023]:
·
Less than 5,000 Liters
·
5,001 to 50,000 Liters
·
50,001 to 250,000 Liters
·
Above 250,000 Liters
By End Use
[Value ($ Million) from 2012 to 2023]:
· Municipal
· Industrial
· Commercial
· Residential
By Installation
Type [Value ($ Million) from 2012 to 2023]:
· Above Ground
· Under Ground
By Region [Value ($ Million) from 2012 to 2023]:
· North America
− US
− Canada
− Mexico
· Europe
− Germany
− France
− UK
− Russia
− Spain
− Italy
· APAC
− China
− Japan
− India
· ROW
− Brazil
This
250-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or or helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are some of the most promising,
high-growth opportunities for global water storage tank market by application (potable
water, water conservation, wastewater, industrial wastewater, fire protection,
and plumbing & engineering solutions), material (fiberglass, steel,
concrete (built in place and precast), polymer, and others), size (less than
5,000 liters, 5,001 to 50,000 liters, 50,001 to 250,000 liters, and more than 250,000
liters), end use (municipal, industrial, commercial, and residential), type (above
ground and under ground), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which products segments will grow at a
faster pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting
market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this
market? What strategic initiatives are being taken by key companies for
business growth?
Q.10. What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q. 11. What M&A activity has occurred in
the last 5 years?
No comments:
Post a Comment