Water Storage Tank Market is expected to reach $14.7 Billion by 2025 – An exclusive market research report by Lucintel

July 28 12:18 2021
Water Storage Tank Market is expected to reach $14.7 Billion by 2025 - An exclusive market research report by Lucintel

Trends and Forecast for the Global Water Storage Tank Market
Trends, opportunities and forecast in water storage tank market to 2025 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)

Lucintel’s latest market report analyzed that water storage tank provides attractive opportunities in commercial, municipal, industrial, and residential sectors. The water storage tank market is expected to reach $14.7 billion by 2025 with a CAGR of 3.2%. In this market, concrete is the largest segment by material, whereas municipal is largest by end use. The increasing use of roto-molding powder to manufacture cost effective tanks and increasing demand of four layered water storage tanks provides strategic growth path in this market.  

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Based on material, the water storage tank market is segmented into fiberglass, steel, concrete (built in place and precast), polymer, and others. The concrete tank segment is accounted for the largest share of the market in 2020 due to low-cost, durability, and minimal maintenance requirements and fiberglass water tanks will witness the highest growth because of light weight, high degree of chemical resistance, service life, and low maintenance cost.

Browse in-depth TOC on “Water Storage Tank Market”

133 – Tables

175 – Figures

250 – Pages

The water storage tank market is marked by the presence of several big and small players. Some of the prominent players offering Water storage tank include McDermott International, Caldwell Tanks, Crom Corporation, Tank Connection, DN Tanks, Synalloy Corporation, Fiber Technology Corporation, ZCL Composites, Sintex Industries, and Superior Tank and others.

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 click on this link [email protected].

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