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Global Water Storage Systems Market to reach USD XX billion by the end of 2030

Global Water Storage Systems Market Size study & Forecast, by Material (Steel, Fiberglass, Concrete, Plastic, Others) by Application (Hydraulic fracture storage & collection, Onsite water & wastewater collection, Potable water storage systems, Fire suppression reserve & storage, Rainwater harvesting & collection, Others), by End Use (Residential, Commercial, Industrial, Municipal) and Regional Analysis, 2023-2030

Product Code: OIRIME-79989817
Publish Date: 20-01-2024
Page: 200

Global Water Storage Systems Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Water storage system is a structure or container designed to store and manage water for various purposes. These systems are crucial for addressing water scarcity, ensuring a reliable water supply and managing water resources efficiently. Water storage can take place at different scales, ranging from small household containers to large reservoirs and tanks for municipal or industrial use. The key factors driving the market growth are rapidly increasing population, limited availability of water, increased construction activities and growing concerns about water scarcity, coupled with the unpredictable effects of climate change that anticipated to support the market growth during forecast period 2023-2030.

Additionally, the global population is increasing, and urbanization is on the rise. This leads to a higher demand for water, both for residential and industrial purposes, driving the need for efficient water storage solutions. According to Statista, in 2017, the total population word wide was 7.58 billion inhabitants and in 2022 the population reached 7.95 billion inhabitants. As a result, the rapidly growing population is anticipated to support the market growth. Moreover, the increasing awareness of water management, and innovations in water storage technologies that is anticipated to create the lucrative opportunity for the market during forecast period. However, the fluctuation in raw material prices and high initial investment stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Water Storage Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the increasing water scarcity and drought conditions, government initiatives and regulations and infrastructure development projects, including water storage facilities, investments from both public and private sectors. Whereas, the Asia Pacific is expected to grow at fastest growth rate during the forecast period, owing to factors such as the urbanization and industrialization, government initiatives and investments, and increasing awareness about water quality and the need for safe and reliable water storage solutions contribute to market growth.

Major market player included in this report are:
CST Industries Inc. (US)
ZCL Composites Inc. (Canada)
Synalloy Corporation (US)
AG Growth International Inc. (Canada)
McDermott International Inc. (US)
BH Tank (US)
Fiber Technology Corporation (US)
Caldwell Tanks (US)
Containment Solutions Inc. (US)
Maguire Iron Inc. (US)
Recent Developments in the Market:
Ø In July 2021, CST Industries, Inc. (CST) announced the strategic territory expansion with Adams Brothers, Inc. Adam Brothers is based in Atlanta, Georgia, specializing in process equipment to the dry bulk industry. The company has been representing CST’s iconic industry-leading epoxy coated bolted and welded storage solutions, TecTank (formerly known as Peabody TecTank and Columbian TecTank), for over six decades. Under this new agreement, Adams Brothers will be responsible for an additional two states in the eastern region of the US, Virginia and North Carolina. Its offerings in the new territory will include construction services.
Global Water Storage Systems Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Material, Application, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:
Steel
Fiberglass
Concrete
Plastic
Others
By Application:
Hydraulic fracture storage & collection
Onsite water & wastewater collection
Potable water storage systems
Fire suppression reserve & storage
Rainwater harvesting & collection
Others
By End Use:
Residential
Commercial
Industrial
Municipal

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Water Storage Systems Market, by region, 2020-2030 (USD Billion)
1.2.2. Water Storage Systems Market, by Material, 2020-2030 (USD Billion)
1.2.3. Water Storage Systems Market, by Application, 2020-2030 (USD Billion)
1.2.4. Water Storage Systems Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Water Storage Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Water Storage Systems Market Dynamics
3.1. Water Storage Systems Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rapidly increasing population
3.1.1.2. Limited availability of water
3.1.1.3. Growing construction activities
3.1.1.4. Growing concerns about water scarcity, coupled with the unpredictable effects of climate change
3.1.2. Market Challenges
3.1.2.1. Fluctuation in raw material prices
3.1.2.2. High initial investment
3.1.3. Market Opportunities
3.1.3.1. Increasing awareness of water management
3.1.3.2. Innovations in water storage technologies
Chapter 4. Global Water Storage Systems Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Water Storage Systems Market, by Material
5.1. Market Snapshot
5.2. Global Water Storage Systems Market by Material, Performance – Potential Analysis
5.3. Global Water Storage Systems Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
5.4. Water Storage Systems Market, Sub Segment Analysis
5.4.1. Steel
5.4.2. Fiberglass
5.4.3. Concrete
5.4.4. Plastic
5.4.5. Others
Chapter 6. Global Water Storage Systems Market, by Application
6.1. Market Snapshot
6.2. Global Water Storage Systems Market by Application, Performance – Potential Analysis
6.3. Global Water Storage Systems Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Water Storage Systems Market, Sub Segment Analysis
6.4.1. Hydraulic fracture storage & collection
6.4.2. Onsite water & wastewater collection
6.4.3. Potable water storage systems
6.4.4. Fire suppression reserve & storage
6.4.5. Rainwater harvesting & collection
6.4.6. Others
Chapter 7. Global Water Storage Systems Market, by End Use
7.1. Market Snapshot
7.2. Global Water Storage Systems Market by End Use, Performance – Potential Analysis
7.3. Global Water Storage Systems Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Water Storage Systems Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
7.4.4. Municipal
Chapter 8. Global Water Storage Systems Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Water Storage Systems Market, Regional Market Snapshot
8.4. North America Water Storage Systems Market
8.4.1. U.S. Water Storage Systems Market
8.4.1.1. Material breakdown estimates & forecasts, 2020-2030
8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
8.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Water Storage Systems Market
8.5. Europe Water Storage Systems Market Snapshot
8.5.1. U.K. Water Storage Systems Market
8.5.2. Germany Water Storage Systems Market
8.5.3. France Water Storage Systems Market
8.5.4. Spain Water Storage Systems Market
8.5.5. Italy Water Storage Systems Market
8.5.6. Rest of Europe Water Storage Systems Market
8.6. Asia-Pacific Water Storage Systems Market Snapshot
8.6.1. China Water Storage Systems Market
8.6.2. India Water Storage Systems Market
8.6.3. Japan Water Storage Systems Market
8.6.4. Australia Water Storage Systems Market
8.6.5. South Korea Water Storage Systems Market
8.6.6. Rest of Asia Pacific Water Storage Systems Market
8.7. Latin America Water Storage Systems Market Snapshot
8.7.1. Brazil Water Storage Systems Market
8.7.2. Mexico Water Storage Systems Market
8.8. Middle East & Africa Water Storage Systems Market
8.8.1. Saudi Arabia Water Storage Systems Market
8.8.2. South Africa Water Storage Systems Market
8.8.3. Rest of Middle East & Africa Water Storage Systems Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. CST Industries Inc. (US)
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. ZCL Composites Inc. (Canada)
9.3.3. Synalloy Corporation (US)
9.3.4. AG Growth International Inc. (Canada)
9.3.5. McDermott International Inc. (US)
9.3.6. BH Tank (US)
9.3.7. Fiber Technology Corporation (US)
9.3.8. Caldwell Tanks (US)
9.3.9. Containment Solutions Inc. (US)
9.3.10. Maguire Iron Inc. (US)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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