DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "Water Storage Tank Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The global water storage tank market is expected to reach an estimated $14 billion by 2023 with a CAGR of 3.8% from 2018 to 2023.

The future of the global water storage tank market looks promising with opportunities in commercial, municipal, industrial, and residential sectors. The major growth drivers for this market are growing construction activities, increasing concerns about water conservation, increasing government regulations for wastewater, and aging water infrastructure.

Emerging trends which have a direct impact on the dynamics of the water storage tank industry include increasing use of roto-molding powder to manufacture cost effective tanks and increasing demand of four layered water storage tanks.

The report forecast that the concrete water storage tank is expected to remain the largest segment over the forecast period due to low-cost, durability, and minimal maintenance requirements. The research predicts that fiberglass water tanks will witness the highest growth because of light weight, high degree of chemical resistance, service life, and low maintenance cost.

Within the global water storage tank market, the municipal will remain the largest end use segment during the forecast period due to increasing infrastructure spending. The commercial segment is expected to witness the highest growth due to increasing commercial construction activities.

APAC is expected to remain the largest market and also witness the highest growth over the forecast period due to growing population and construction activities in this region.

Scope of the Report

Water Storage Tank Market by Application Type [Value ($ Million) from 2012 to 2023]:

Potable Water Water Conservation Wastewater Industrial Wastewater Fire Protection Plumbing & Engineering Solution

Water Storage Tank Market by Material Type [Value ($ Million) from 2012 to 2023]:

Fiberglass Steel Concrete (Built-in Place and Precast) Polymer Others

Water Storage Tank Market by Storage Capacity [Value ($ Million) from 2012 to 2023]:

Less than 5,000 Liters 5,001 to 50,000 Liters 50,001 to 250,000 Liters Above 250,000 Liters

Water Storage Tank Market by End-Use [Value ($ Million) from 2012 to 2023]:

Municipal Industrial Commercial Residential

Water Storage Tank Market by Installation Type [Value ($ Million) from 2012 to 2023]:

Above Ground Under Ground

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

3. Market Trends and Forecast Analysis from 2012 to 2023

4. Market Trends and Forecast Analysis by Region

5. Competitor Analysis

6. Cost Structure Analysis

7. Growth Opportunities and Strategic Analysis

8. Company Profiles of Leading Players

Caldwell Tanks Crom Corporation CST Industries DN Tanks Fiber Technology Corporation Inc. McDermott International, Inc. Sintex Industries Limited Snyder Industries Inc. Superior Tank Co. Inc. Synalloy Corporation Tank Connection ZCL Composites Inc. For more information about this report visit https://www.researchandmarkets.com/research/5rq2v2/water_storage?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005319/en/

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Related Topics:Plumbing Fixtures

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/07/2018 11:08 AM/DISC: 09/07/2018 11:07 AM

http://www.businesswire.com/news/home/20180907005319/en