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.
The Water Storage Systems market research for the forecast period, 2020 to 2027 cannot be underestimated for the reason that it offers a real-time data on the target market; identifies customer problems and outlines the immediate competitors. The simplified document speaks about how company owners plan to keep up with the market trends.
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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 Water Storage Systems 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 Water Storage Systems and its long service life is boosting usage of Water Storage Systems 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.
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.
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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
Water Storage Systems
Steel
Others
End-use Outlook (Revenue, USD Billion; 2017–2027)
Commercial
Municipal
Residential
Industrial
The research provides answers to the following key questions:
What will be the growth rate of the Water Storage Systems market for the forecast period, 2020 - 2027? What will be the market size during the estimated period?
What are driving forces keeping the prospects of the Water Storage Systems market across different countries high?
Who are the prominent market players and what is their approach to stay competitive?
What are some of the key trends in the Water Storage Systems industry?
What are the major challenges expected to hinder the growth of the industry in the coming years?
What opportunities can the business owners bank on to generate more profits and reduce cost?
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Water Storage Systems (QCL) Market Segmentation & Impact Analysis
4.1. Water Storage Systems (QCL) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing Demand for Water Storage Systemss in Healthcare Applications
4.2.2.2. Increasing Use of Water Storage Systemss in Gas Sensing
4.2.3. Market restraints analysis
4.2.3.1. High Cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Water Storage Systems (QCL) Market By Fabrication Technology Insights & Trends, Revenue (USD Million)
Chapter 6. Water Storage Systems (QCL) Market By Packaging Type Insights & Trends Revenue (USD Million)
Chapter 7. Water Storage Systems (QCL) Market By Mode of Operation Insights & Trends Revenue (USD Million)
Chapter 8. Water Storage Systems (QCL) Market By End Use Insights & Trends Revenue (USD Million)
Chapter 9. Water Storage Systems (QCL) Market Regional Outlook
Continued…
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