Water Storage Systems Market Study on Investment Prospects, Industry Share, and Trends for 2027

Global Water Storage Systems Market Forecast to 2027

The Water Storage Systems market research report from Emergen Research was developed after careful examination of the industry's important commercial information and wide geographic distribution. The study offers in-depth coverage of the Water Storage Systems Market's qualitative and quantitative analysis, as well as vital statistical information about the market. In addition to providing up-to-date forecasts through 2020, the research report also provides historical data from 2017 to 2018. A summary of the company, product portfolio, strategic partnerships, and business expansion plans are included in the report's profiles of both well-known and up-and-coming industry participants.

The global water storage systems market is likely to reach value of USD 24.36 Billion by 2027, according to a current analysis by Emergen Research. This growth of the market can be attributed to rising awareness regarding scarcity of fresh water and consumption of clean drinking water. Recycling of the wastewater generated through industries is also contributing to growth of the water shortage systems market. Countries facing severe climatic conditions and a high risk of drought are increasingly adopting water storage systems. Rising utilization of water harvesting by farmers to reduce erosion and increase crop yields and product reliability is expected to drive the water storage systems market in the near future. Rising demand for treated water in oil and gas refineries and growth in oil gas exploration activities globally are likely to offer lucrative opportunities for major market players in the water storage systems market in the near future.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Water Storage Systems market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Synalloy Corporation, CST Industries, Inc., Mcdermott International, Inc., AG Growth International Inc., BH Tank, Caldwell Tanks, Sintex Plastics Technology Limited, Fiber Technology Corporation, Snyder Industries, Containment Solutions, Inc.

Research Report on the Water Storage Systems Market Addresses the Following Key Questions:

Who are the dominant players of the Water Storage Systems market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Water Storage Systems market?
What are the key growth drivers and restraining factors of the Water Storage Systems market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Water Storage Systems market and its key segments?

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Key Highlights of Report

In March 2019, AG Growth International, Inc. acquired Intellifarms, which provides technology-based products such as hardware and software for monitoring grain conditions during storage for growers and grain processors. The acquisition is expected to help AG Growth International; Inc. expand its controls, technology, and project management capabilities.
The hydraulic fracture storage collection segment held the largest market share of 39.1% in 2019. Increasing utilization of treated and fresh water in oil and gas refineries is expected to drive the segment during the forecast period.
The fiberglass material segment is projected to expand at the most rapid CAGR of 6.7% during the forecast period. Anti-aging, safe, reliable, and fire-resistant nature of fiberglass and its long service life is boosting usage of fiberglass material-based water tanks in commercial and industrial sectors.
The municipal segment accounted for the largest market share in 2019. Growing government initiatives regarding water conservation led by rising scarcity of water have driven utilization of water storage systems by municipalities.
The Asia Pacific region is expected to be the most rapidly expanding region of the global market during the forecast period. Rapid urbanization and industrialization and increasing population in developing economies is driving the water storage systems market in the region.

Market Segmentations of the Water Storage Systems Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2027. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Water Storage Systems market on the basis of product, application, and region:

Segments Covered in this report are:

Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017–2027)

Hydraulic Fracture Storage Collection
Rainwater Harvesting Collection
On-site Water Wastewater Collection
Potable Water Storage System
Fire Suppression Reserve Storage
Others

Material Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017–2027)

Plastic
Concrete
Fiberglass
Steel
Others

End-use Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017–2027)

Commercial
Municipal
Residential
Industrial

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Regional Landscape section of the Water Storage Systems report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key reasons to buy the Global Water Storage Systems Market report:

The latest report comprehensively studies the global Water Storage Systems market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

In conclusion, the Water Storage Systems Market report is an exhaustive database that will help readers formulate lucrative strategies. The Water Storage Systems Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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