The global Industrial Water Storage Tanks market was valued at US$ 692.8 million in 2019 and it is expected to reach US$ 1074.7 million by the end of 2026, growing at a CAGR of 6.4% during 2021-2026.
A water storage tank is a container for storing water. Water storage tanks are used to provide storage of water for use in many applications, drinking water, irrigation agriculture, fire suppression, agricultural farming, both for plants and livestock, chemical manufacturing, food preparation as well as many other uses. Water storage tank parameters include the general design of the tank, and choice of construction materials, linings. Various materials are used for making a water storage tank: plastics (polyethylene, polypropylene), fiberglass, concrete, stone, steel (welded or bolted, carbon, or stainless). Earthen pots also function as water storages. Water storage tanks are an efficient way to help developing countries to store clean water.
This report studies the Industrial Water Storage Tank market. Tanks store substances utilized in industrial processes, such as water, sewage, petroleum and chemicals. They are utilized in numerous industrious, such as the oil/gas, water, waste treatment, medical, scientific and pharmaceutical industries.
As the technology of Industrial Water Storage Tanks is relatively mature and the downstream market is growing fast, so there are lots of enterprises in the Industrial Water Storage Tanks market. Thus the Industrial Water Storage Tanks market competition will be still intense. CST Industries is the leading manufacturer in the global Industrial Water Storage Tanks market with the market share of 4.16%, in terms of revenue, followed by Caldwell Tanks, Tank Holding, McDermott, ZCL Composites, Steelcore tank, Hendic, UIG, Containment Solutions, DN Tanks, WOLF Group, Tank Connection, Crom, American Tank, BUWATEC, SBS Tank, DuraCast, Promax Plastics, Dalsem, Florida Aquastore, Schumann Tank and Custom Roto. The top 22 listed companies accounted for 38.20% of the market share in 2018.
Global Industrial Water Storage Tanks Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Industrial Water Storage Tanks Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Cst Industries, Caldwell Tanks, Tank Holding, Mcdermott, Zcl Composites, Steelcore Tank, Hendic, Uig, Containment Solutions, Dn Tanks, Wolf, Tank Connection, Crom, American Tank, Buwatec, Sbs Tank, Duracast, Promax Plastics, Dalsem, Florida Aquastore, Schumann Tank, Custom Roto and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Concrete Tanks
- Metal Tanks
- Plastic Tanks
- Fiber Glass Tanks
Metal TanksOccupy the largest market share segment reached 45%
Segment by Application
- Oil and Gas
- Chemical Industry
- Water and Waste Water Treatment
Among them,Agricultural is the largest end-use industry in the market, which accounted 27.63% of market share in 2018.In terms of application,the global Industrial Water Storage Tanks market has been witnessing significant demand from the oil and gas industry,where hydraulic fracture requires a large amount of water to be stored.The used water after the fracturing process needs to be further stored and treated before being released into the environment.Rise in oil and gas exploration activities has contributed to the demand for Industrial Water Storage Tanks.
Table of Content:
1 Industrial Water Storage Tanks Market Overview
2 Industrial Water Storage Tanks Market Competition by Manufacturers
3 Industrial Water Storage Tanks Retrospective Market Scenario by Region
4 Global Industrial Water Storage Tanks Historic Market Analysis by Type
5 Global Industrial Water Storage Tanks Historic Market Analysis by Application
6 Key Companies Profiled
7 Industrial Water Storage Tanks Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Industrial Water Storage Tanks Market Dynamics
10 Global Industrial Water Storage Tanks Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.