Water Storage Systems Market To Reach USD 24.36 Billion by 2027 Growing at a CAGR of 5.7% | Emergen Research

Government initiatives regarding water conservation and consumption of clean water are boosting the water storage systems market growth.

Vancouver, British Columbia, Jan. 06, 2021 (GLOBE NEWSWIRE) -- The Global Water Storage Systems Market is estimated to be valued at USD 24.36 Billion by 2027, according to the current analysis by Emergen Research. This growth of the market can be attributed to growing government initiatives regarding water conservation led by rising water scarcity in developing economies. The increasing number of commercial buildings led by the rise in the number of office spaces is boosting the demand for drinking water and water storage systems. Rapid urbanization and growing population in developing economies are driving the demand for drinking water in both urban and rural areas. This, in turn, is fueling the water storage systems market. Moreover, the rising need for freshwater for high-intensity farming has boosted the demand for water storage systems. However, the high installation cost of water storage systems is likely to restrain the water storage systems market during the forecast period.

Get your FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.emergenresearch.com/request-sample-form/411

Key Highlights of Report

  • In March 2019, AG Growth International, Inc. announced that it acquired Milltec Machinery Limited for USD 109.5 Million. The acquisition is expected to help AG Growth International, Inc. expand its controls, technology, and project management capabilities in the near future.
  • The rainwater harvesting & collection segment held the second-largest market share of 16.3% in 2019. The reduction in the amount of rainfall is driving the progress of the rainwater harvesting & collection segment.
  • The concrete material-based water tanks segment accounted for the largest market share of the water storage systems market in 2019. The cost-effectiveness associated with concrete material-based water tanks and low maintenance costs of these tanks is augmenting the segment.
  • The residential segment is projected to expand at the most rapid CAGR during the forecast period, owing to the escalating adoption of plastic material-based water storage systems among residential consumers.
  • Asia Pacific accounted for the largest share of the global water storage systems market in 2019. The increasing adoption of plastic material-based water tanks by residential consumers in the region is likely to drive the water storage systems market in the region during the forecast period.
  • Key market participants include 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, and Containment Solutions, Inc.

ORDER Your copy Now (Customized Report Delivered as per Your Specific Requirement)@ https://www.emergenresearch.com/select-license/411

Emergen Research has segmented the Global Water Storage Systems Market based on application, material, end-use, and region:

  • Application Outlook (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 (Revenue, USD Billion; 2017–2027)
    • Plastic
    • Concrete
    • Fiberglass  
    • Steel
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2017–2027)
    • Commercial
    • Municipal
    • Residential
    • Industrial

To identify the key trends in the industry and read full summary click on the link:   https://www.emergenresearch.com/industry-report/water-storage-systems-market

  • Regional Outlook (Revenue, USD Billion; 2017–2027)
    • North America
      1. U.S.
      2. Canada
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. U.A.E.
      3. Rest of MEA

Take a Look at our Related Reports:

Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.

Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.

Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkedIn | Twitter | Blogs

Read Full Press Release@ https://www.emergenresearch.com/press-release/global-water-storage-systems-market

Contact Data