PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534486
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534486
India Water Storage Tank Market, By Material (Fiberglass, Steel, Concrete, Polymer); By Storage Capacity; By Application; By End Use; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Water Storage Tank Market Size to Surpass Significant Value of USD 1.36 Billion by 2030
India Water Storage Tank Market is booming primarily due to the country's expanding population and rapid urbanization, a heightened focus on water conservation, and strict government regulations on wastewater management.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Water Storage Tank Market size by value at USD 965.1 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Water Storage Tank Market size to expand at a CAGR of 5.2% reaching a value of USD 1,364.7 million by 2030. The Water Storage Tank Market in India propelled a rising population, rapid urbanization, and industrial growth, which have intensified water shortages in numerous regions. This has led to a widespread adoption of water storage tanks across both residential and non-residential sectors. The escalating demand for potable water in urban and rural areas, increased awareness about water conservation, and advancements in technology that emphasize the recycling and reuse of industrial water are further fueling market expansion. Moreover, the restricted availability of fresh water in both developed and developing nations, coupled with growing concerns over traditional water usage amid scarcity, is enhancing market demand. Increased global construction and industrial activities, stringent government regulations for wastewater management, and aging water infrastructure are also stimulating the need for water storage tanks. Additionally, the necessity for treated, recycled, and softened water in industrial and commercial sectors, particularly in refineries, is significantly contributing to market growth.
Opportunity - Aging water infrastructure across India
India's aging water infrastructure presents significant opportunities for the water storage tank market. As old systems struggle to meet growing demands and ensure water quality, modern and efficient storage solutions become essential. Upgrading infrastructure with advanced water storage tanks can mitigate issues such as leaks, contamination, and supply inconsistencies. These tanks support sustainable water management by capturing and retaining water from various sources, ensuring a reliable supply during scarcity. Additionally, advancements in materials and smart technology enhance durability and efficiency, offering long-term benefits. Addressing aging infrastructure through innovative water storage solutions not only improves water security but also supports public health, agricultural needs, and industrial growth. Investing in modern water storage tanks is crucial for India's sustainable future. Hence, India Water Storage Tank Market is projected to grow at a significant rate during the period in analysis.
Fiberglass Material Segment to Hold Largest Market Share
India Water Storage Tank Market is comprised of Fiberglass, Steel, Concrete (Built in Place and Precast), and Polymer material segments. Among them, the fiberglass segment accounts for the largest share in India Water Storage Tank Market by material. Tanks made from fiberglass-reinforced plastic are preferred due to their robustness, lightweight nature, and resistance to corrosion. These tanks are particularly suited for agricultural, residential, and fire protection uses. Key benefits include low maintenance, design versatility, and a longer lifespan compared to steel or concrete alternatives. Market growth is fueled by the rising demand for sustainable water storage solutions, advancements in manufacturing methods, and the incorporation of IoT technology for remote monitoring and predictive maintenance. These elements position the fiberglass segment for significant growth in India Water Storage Tank Market.
Impact of Escalating Geopolitical Tensions on India Water Storage Tank Market
Intensifying geopolitical tensions can have a multifaceted impact on India Water Storage Tank Market. Increased conflicts and regional instability can significantly disrupt supply chains, potentially leading to shortages of vital materials such as steel and plastic, which are crucial for manufacturing water storage tanks. Moreover, these geopolitical risks can cause exchange rate fluctuations, impacting import and export activities. Such disruptions can lead to production delays, higher costs, and diminished market competitiveness, ultimately impeding market growth. Additionally, decreased investor confidence may result in lower investments and slower technological progress in the sector.
Competitive Landscape
India Water Storage Tank Market is highly fragmented, with numerous players serving the market. The key players dominating the market include Sintex, Plasto Tanks, Supreme Industries, Aqua Tech Water Tanks, Vectus Industries, RC Plasto Tanks and Pipes, National Plastics, Aquatech, and Nero Pure. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in India Water Storage Tank Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Water Storage Tank Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Water Storage Tank Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Water Storage Tank Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Population and Urbanization
- 3.2.1.2. Increasing Concerns About Water Conservation
- 3.2.1.3. Stringent Government Regulations for Wastewater
- 3.2.2. Restraints
- 3.2.2.1. Fluctuation in Raw Material Prices
- 3.2.2.2. High Transportation Costs
- 3.2.3. Opportunities
- 3.2.3.1. Aging Water Infrastructure
- 3.2.3.2. Growing Construction Activities
- 3.2.4. Challenges
- 3.2.4.1. Concerns About Water Quality in Plastic Tanks
- 3.2.4.2. Space Constraints
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Water Storage Tank Market: marketing strategies
5. India Water Storage Tank Market: Pricing Analysis
6. India Water Storage Tank Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Material
- 6.2.1.1. Fiberglass
- 6.2.1.2. Steel
- 6.2.1.3. Concrete (Built in Place, Precast)
- 6.2.1.4. Polymer
- 6.2.1.5. Others
- 6.2.2. By Storage Capacity
- 6.2.2.1. Less than 5,000 Liters
- 6.2.2.2. 5,001-50,000 Liters
- 6.2.2.3. 50,001-250,000 Liters
- 6.2.2.4. Above 250,000 Liters
- 6.2.3. By Application
- 6.2.3.1. Potable Water
- 6.2.3.2. Water Conservation
- 6.2.3.3. Wastewater
- 6.2.3.4. Industrial Wastewater
- 6.2.3.5. Fire Protection
- 6.2.3.6. Plumbing & Engineering Solution
- 6.2.4. By End Use
- 6.2.4.1. Municipal
- 6.2.4.2. Industrial
- 6.2.4.3. Commercial
- 6.2.4.4. Residential
- 6.2.5. By Region
- 6.2.5.1. North India
- 6.2.5.2. South India
- 6.2.5.3. East India
- 6.2.5.4. West India
- 6.2.1. By Material
7. North India Water Storage Tank Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Material
- 7.2.2. By Storage Capacity
- 7.2.3. By Application
- 7.2.4. By End Use
8. South India Water Storage Tank Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Material
- 8.2.2. By Storage Capacity
- 8.2.3. By Application
- 8.2.4. By End Use
9. East India Water Storage Tank Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Material
- 9.2.2. By Storage Capacity
- 9.2.3. By Application
- 9.2.4. By End Use
10. West India Water Storage Tank Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Material
- 10.2.2. By Storage Capacity
- 10.2.3. By Application
- 10.2.4. By End Use
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Water Storage Tank Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Water Storage Tank Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Sintex
- 13.2. Plasto Tanks
- 13.3. Supreme Industries
- 13.4. Aqua Tech Water Tanks
- 13.5. Vectus Industries
- 13.6. RC Plasto Tanks and Pipes
- 13.7. National Plastics
- 13.8. Aquatech
- 13.9. Nero Pure
- 13.10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Country
- 15.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Water Storage Tank Segmentation
- Figure 2 India Water Storage Tank Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Water Storage Tank Market Share, By Material, By Value, 2019-2030
- Figure 6 India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019-2030
- Figure 7 India Water Storage Tank Market Share, By Application, By Value, 2019-2030
- Figure 8 India Water Storage Tank Market Share, By End Use, By Value, 2019-2030
- Figure 9 North India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Figure 10 North India Water Storage Tank Market Share, By Material, By Value, 2019-2030
- Figure 11 North India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019-2030
- Figure 12 North India Water Storage Tank Market Share, By Application, By Value, 2019-2030
- Figure 13 North India Water Storage Tank Market Share, By End Use, By Value, 2019-2030
- Figure 14 South India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Figure 15 South India Water Storage Tank Market Share, By Material, By Value, 2019-2030
- Figure 16 South India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019-2030
- Figure 17 South India Water Storage Tank Market Share, By Application, By Value, 2019-2030
- Figure 18 South India Water Storage Tank Market Share, By End Use, By Value, 2019-2030
- Figure 19 East India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Figure 20 East India Water Storage Tank Market Share, By Material, By Value, 2019-2030
- Figure 21 East India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019-2030
- Figure 22 East India Water Storage Tank Market Share, By Application, By Value, 2019-2030
- Figure 23 East India Water Storage Tank Market Share, By End Use, By Value, 2019-2030
- Figure 24 West India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Figure 25 West India Water Storage Tank Market Share, By Material, By Value, 2019-2030
- Figure 26 West India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019-2030
- Figure 27 West India Water Storage Tank Market Share, By Application, By Value, 2019-2030
- Figure 28 West India Water Storage Tank Market Share, By End Use, By Value, 2019-2030
List of Tables
- Table 1 India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Table 2 India Water Storage Tank Market Size, By Material, By Value, 2019-2030
- Table 3 India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019-2030
- Table 4 India Water Storage Tank Market Size, By Application, By Value, 2019-2030
- Table 5 India Water Storage Tank Market Size, By End Use, By Value, 2019-2030
- Table 6 North India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Table 7 North India Water Storage Tank Market Size, By Material, By Value, 2019-2030
- Table 8 North India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019-2030
- Table 9 North India Water Storage Tank Market Size, By Application, By Value, 2019-2030
- Table 10 North India Water Storage Tank Market Size, By End Use, By Value, 2019-2030
- Table 11 South India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Table 12 South India Water Storage Tank Market Size, By Material, By Value, 2019-2030
- Table 13 South India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019-2030
- Table 14 South India Water Storage Tank Market Size, By Application, By Value, 2019-2030
- Table 15 South India Water Storage Tank Market Size, By End Use, By Value, 2019-2030
- Table 16 East India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Table 17 East India Water Storage Tank Market Size, By Material, By Value, 2019-2030
- Table 18 East India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019-2030
- Table 19 East India Water Storage Tank Market Size, By Application, By Value, 2019-2030
- Table 20 East India Water Storage Tank Market Size, By End Use, By Value, 2019-2030
- Table 21 West India Water Storage Tank Market Size, By Value (USD Million), 2019-2030
- Table 22 West India Water Storage Tank Market Size, By Material, By Value, 2019-2030
- Table 23 West India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019-2030
- Table 24 West India Water Storage Tank Market Size, By Application, By Value, 2019-2030
- Table 25 West India Water Storage Tank Market Size, By End Use, By Value, 2019-2030
- Table 26 Sintex Company Overview
- Table 27 Sintex Financial Overview
- Table 28 Plasto Tanks Company Overview
- Table 29 Plasto Tanks Financial Overview
- Table 30 Supreme Industries Company Overview
- Table 31 Supreme Industries Financial Overview
- Table 32 Aqua Tech Water Tanks Company Overview
- Table 33 Aqua Tech Water Tanks Financial Overview
- Table 34 Vectus Industries Company Overview
- Table 35 Vectus Industries Financial Overview
- Table 36 RC Plasto Tanks and Pipes Company Overview
- Table 37 RC Plasto Tanks and Pipes Financial Overview
- Table 38 National Plastics Company Overview
- Table 39 National Plastics Financial Overview
- Table 40 Aquatech Company Overview
- Table 41 Aquatech Financial Overview
- Table 42 Nero Pure Company Overview
- Table 43 Nero Pure Financial Overview
