Global Water Storage Systems Market Size study, by Material (Steel, Fiberglass, Concrete, Plastic), by Application, by End-Use (Residential, Commercial, Industrial, and Municipal), and Regional Forecasts 2022-2032

Description

The Global Water Storage Systems Market is valued at approximately USD 17.94 billion in 2023 and is poised to grow at an impressive CAGR of 8.70% over the forecast period 2024-2032. Water storage systems, essential for managing water resources effectively, are witnessing heightened demand across the globe. These systems offer a reliable solution for water conservation, ensuring a stable supply in areas prone to scarcity or erratic rainfall patterns. They are increasingly being adopted in residential, commercial, industrial, and municipal sectors for diverse applications such as irrigation, drinking water storage, and fire protection. As the emphasis on sustainable water management intensifies, these systems are emerging as a pivotal element in global efforts to combat water scarcity.

The market's rapid expansion is driven by growing concerns over water scarcity, rising urbanization, and increasing infrastructure development. Governments and organizations worldwide are investing in water storage solutions to mitigate the impacts of unpredictable climate patterns and population growth. Advancements in material technologies, such as the development of lightweight, durable plastics and corrosion-resistant steel, are enhancing the efficiency and longevity of these systems. Despite these growth drivers, challenges such as high installation costs and the maintenance complexities associated with certain materials could hinder market progression. However, the rising adoption of smart water management systems integrated with IoT capabilities presents a significant growth opportunity.

Geographically, the market demonstrates varied growth patterns, with North America holding a significant share due to established infrastructure and technological advancements. Europe closely follows, driven by stringent water management regulations and sustainability initiatives. Meanwhile, the Asia-Pacific region is projected to exhibit the fastest growth rate, fueled by rapid urbanization, industrial expansion, and increasing government investments in water infrastructure. Countries such as India and China are leading the region's adoption of water storage systems, addressing pressing issues related to water security.

The competitive landscape is marked by strategic collaborations, product innovations, and regional expansions among key players aiming to enhance their market presence. Companies are focusing on developing cost-effective, sustainable solutions that cater to the diverse needs of end-users. The integration of advanced technologies to monitor and optimize water usage further strengthens their competitive edge.

Major market players included in this report are:

BASF SE
Veolia Environnement S.A.
Suez Group
CST Industries, Inc.
Synalloy Corporation
McDermott International, Ltd.
Snyder Industries, Inc.
Containment Solutions, Inc.
Fiber Technology Corporation
Sintex Plastics Technology Ltd.
ZCL Composites Inc.
Poly Processing Company
Aguatech International
Balmoral Tanks Limited
Caldwell Tanks, Inc.

The detailed segments and sub-segments of the market are explained below:

By Material:

Steel
Fiberglass
Concrete
Plastic

By Application:

Irrigation
Drinking Water
Fire Protection
Others

By End-Use:

Residential
Commercial
Industrial
Municipal

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Comprehensive market estimates and forecasts spanning 10 years, from 2022 to 2032.
In-depth analysis of regional markets and revenue trends for each segment.
Competitive landscape insights, including company profiles and strategies.
Evaluation of market drivers, challenges, and opportunities.
Strategic recommendations for stakeholders aiming to capitalize on emerging trends.

Chapter 1. Global Water Storage Systems Market Executive Summary

1.1. Global Water Storage Systems Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By Application
- 1.3.3. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Water Storage Systems Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Water Storage Systems Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Concerns Over Water Scarcity
- 3.1.2. Rising Urbanization and Infrastructure Development
- 3.1.3. Advancements in Material Technologies
3.2. Market Challenges
- 3.2.1. High Installation Costs
- 3.2.2. Maintenance Complexities Associated with Certain Materials
3.3. Market Opportunities
- 3.3.1. Rising Adoption of Smart Water Management Systems Integrated with IoT
- 3.3.2. Integration with Advanced Technologies to Monitor and Optimize Water Usage
- 3.3.3. Development of Cost-Effective, Sustainable Solutions

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
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Water Storage Systems Market Size & Forecasts by Material 2022-2032

5.1. Segment Dashboard
5.2. Global Water Storage Systems Market: By Material Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Steel
- 5.2.2. Fiberglass
- 5.2.3. Concrete
- 5.2.4. Plastic

Chapter 6. Global Water Storage Systems Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Water Storage Systems Market: By Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Irrigation
- 6.2.2. Drinking Water
- 6.2.3. Fire Protection
- 6.2.4. Others

Chapter 7. Global Water Storage Systems Market Size & Forecasts by End-Use 2022-2032

7.1. Segment Dashboard
7.2. Global Water Storage Systems Market: By End-Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.2.3. Industrial
- 7.2.4. Municipal

Chapter 8. Global Water Storage Systems Market Size & Forecasts by Region 2022-2032

8.1. North America Water Storage Systems Market
- 8.1.1. U.S. Water Storage Systems Market
  - 8.1.1.1. Material breakdown size & forecasts, 2022-2032
  - 8.1.1.2. End-Use breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Water Storage Systems Market
8.2. Europe Water Storage Systems Market
- 8.2.1. UK Water Storage Systems Market
- 8.2.2. Germany Water Storage Systems Market
- 8.2.3. France Water Storage Systems Market
- 8.2.4. Spain Water Storage Systems Market
- 8.2.5. Italy Water Storage Systems Market
- 8.2.6. Rest of Europe Water Storage Systems Market
8.3. Asia-Pacific Water Storage Systems Market
- 8.3.1. China Water Storage Systems Market
- 8.3.2. India Water Storage Systems Market
- 8.3.3. Japan Water Storage Systems Market
- 8.3.4. Australia Water Storage Systems Market
- 8.3.5. South Korea Water Storage Systems Market
- 8.3.6. Rest of Asia-Pacific Water Storage Systems Market
8.4. Latin America Water Storage Systems Market
- 8.4.1. Brazil Water Storage Systems Market
- 8.4.2. Mexico Water Storage Systems Market
- 8.4.3. Rest of Latin America Water Storage Systems Market
8.5. Middle East & Africa Water Storage Systems Market
- 8.5.1. Saudi Arabia Water Storage Systems Market
- 8.5.2. South Africa Water Storage Systems Market
- 8.5.3. Rest of Middle East & Africa Water Storage Systems Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. BASF SE
- 9.1.2. Veolia Environnement S.A.
- 9.1.3. Suez Group
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 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. Market Strategies
- 9.3.2. Veolia Environnement S.A.
- 9.3.3. Suez Group
- 9.3.4. CST Industries, Inc.
- 9.3.5. Synalloy Corporation
- 9.3.6. McDermott International, Ltd.
- 9.3.7. Snyder Industries, Inc.
- 9.3.8. Containment Solutions, Inc.
- 9.3.9. Fiber Technology Corporation
- 9.3.10. Sintex Plastics Technology Ltd.

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