According to a market report 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 $30 billion by 2030 from $20 billion by 2023 and it is forecast to grow at a CAGR of 6% from 2023 to 2030. 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.
A total of less than 200
pages report to understand trends, opportunity and forecast in water storage tank market 2030 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)
and region (North America, Europe, Asia Pacific, and the Rest of the World).
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.
Download sample by clicking on water storage
tank market.
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.
McDermott International,
Caldwell Tanks, Crom Corporation, Tank Connection, DN Tanks, Synalloy
Corporation, Fiber Technology Corporation, ZCL Composites, Sintex Industries,
and Superior Tank are the major suppliers in the water storage tank market.
This unique 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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