PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1619498
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1619498
Water Storage System Market Assessment, By Type, By End-user, By Region, Opportunities and Forecast, 2018-2032F
Global water storage system market is projected to witness a CAGR of 8.32% during the forecast period 2025-2032, growing from USD 20.09 billion in 2024 to USD 38.08 billion in 2032. The global water storage systems market is estimated to witness significant growth over the forecast period due to increasing awareness of water scarcity. In addition, rising demand for treated or recycled water along with fresh water in oil and gas refineries is projected to drive the water storage systems market growth over the forecast period. Growing concerns over climate change, coupled with the expansion of cities, and growing populations, propelled the demand for reliable storage infrastructure to ensure adequate access to potable water. In response to these challenges, industries are now investing in advanced technologies, including IoT sensors and innovative materials, to incorporate into water storage systems for more durability and efficiency, along with transforming the traditional ways of managing water to conserve better and improve resource distribution. Regulatory pressures and environmental awareness are forcing municipalities and industries to adopt sustainable practices, which include rainwater harvesting and wastewater recycling. This move towards eco-friendly solutions is changing the market dynamics in favor of modular and scalable systems that can be adaptable to varying demands. The key players in the market are keen to work and develop bespoke solutions suitable to the unique requirements of numerous industries that vary from mere residential purposes to various commercial and industrial demands.
For instance, in January 2023, Beltecno Group, one of the leading players in the manufacturing sector, launched thermal water storage tanks developed to cater to the rising requirements of the industrial and commercial sectors. This advanced offering indicates a crucial leap forward in sustainable water storage solutions, setting a new standard for efficiency and dependability in the market.
Rising Concerns Regarding Climate Change Fuels Market Growth
The growing concern regarding frequent changes in rain patterns and the expansion of drought is driving the development of water storage infrastructure and effective water management solutions. In this regard, investment in more advanced storage systems is vital to conserve water for times of necessity and enhance resilience against droughts. Governments are acting proactively to prevent the expansion of drought, facilitating accessibility to profound water sources to supply water to agricultural lands and industries, further increasing the need for reliable water storage solutions and fueling the demand for water storage systems.
For instance, in March 2024, the Development Bank of Latin America and the Caribbean, approved USD 240 million in funding for Bolivia to ensure water accessibility for agricultural production and social progress. This loan is anticipated to enhance the area under irrigation by 13,600 hectares and enhance productivity and efficient water utilization, helping 15,000 families in the country.
Growing Awareness About Water Conservation is Driving Market Growth
Growing awareness of water conservation drives significant market growth in water storage systems. As global water scarcity and climate change intensify, individuals and organizations are increasingly adopting efficient technologies and practices. Government regulations and educational initiatives further promote sustainable water use, enhancing demand for innovative solutions that support effective water management. Due to climate change, including altered precipitation and increased incidence of extreme weather events, becoming more apparent, the need for effective water management and water protection strategies increases, driving the market. Sustainable water storage systems help mitigate these problems by collecting and storing rainwater and runoff, reducing dependence on natural sources.
For instance, in October 2024, Land near Vivekananda Memorial was allocated by the Ajmer Development Authority (ADA) for Kotra Service Reservoir. A storage tank with a capacity of 30 million liters will be constructed there at a cost of USD 1.5 million. It will help alleviate the water crisis faced by nearly 200,000 residents in the Ajmer North assembly constituency.
Municipal Dominates the Market Share
The municipal segment dominates the water storage systems market, mainly due to the increasing global water crisis. Municipalities are becoming more reliant on efficient water storage solutions to provide a consistent and reliable water supply to their communities. Additionally, rising awareness of water conservation, stringent regulatory measures, and the urgent need for infrastructure enhancements in many regions are further propelling the market growth. In response to this, companies are constructing durable, innovative and efficient water storage systems according to the industry's requirements.
For instance, in November 2023, the largest stainless steel drinking water storage facility, with a capacity of 12,000 m3, was constructed for Stadtwerke Ulm at the Kuhberg site which was completed in 2023. This innovative facility features three tanks, each holding 4,000 m3, designed for efficient automated cleaning and optimized structural support. The use of stainless steel not only enhances durability but also reduces CO2 emissions compared to conventional solutions. The aesthetically pleasing design, complemented by Corten steel cladding, integrates seamlessly into the urban landscape.
Asia-Pacific Leads the Market Growth
The demand for water storage systems in the Asia-Pacific is poised to experience high growth due to the acute water shortages encountered by emerging economies such as India, China, Afghanistan, and Pakistan. The different landscapes of the region put forth a spectrum of challenges concerning water. With freshwater availability at 2.7 m3/person/year- less than half the global average of 5.8 m3/person/year-Asia experiences some of the world's most rapid growth in freshwater withdrawals from rivers, lakes, and aquifers. Companies are well-positioned to capitalize on this burgeoning market by providing advanced water storage technologies that meet the urgent needs of these water-stressed regions.
For instance, in March 2022, TRUFLO, a brand under Hindware Home Innovation Limited, announced the start of its new water storage tanks from the Telangana plant to fulfill the demand from the southern market. Initially, the water storage solutions will be produced at a capacity of 45 lakh liters per month and expand further as demand increases.
Future Market Scenario (2025 - 2032F)
Significant expansion anticipated in the global water storage systems market due to rising awareness of water scarcity.
Increased demand for innovative and sustainable water management solutions across various sectors, including commercial and industrial sectors with heavy water consumption.
Growing focus on advanced technologies, including IoT and smart monitoring systems, to boost the market.
Emphasis on eco-friendly practices such as rainwater harvesting and wastewater recycling will expand the requirement for water storage systems.
Key Players Landscape and Outlook
The competitive landscape of the global water storage systems market features a range of key players. These companies focus on developing advanced storage solutions that meet the rising demand for efficient water management. Additionally, partnerships and collaborations are common as firms seek to expand their geographical reach and leverage complementary strengths. This dynamic environment fosters competition, driving continuous improvement in product quality and positioning the market for significant growth.
For instance, in January 2022, Prayag India Limited announced the launch of its new extra strong and durable water tanks that combine technology and innovations and have been tested for durability and durability and are virtually unbreakable. These tanks are developed with the latest Rotomoulding technology and have strong corners, and ribs have been provided also for additional strength.
In October 2023, CST Industries, Inc. signed a strategic partnership with Aquastore Canada East as the newest authorized dealer. This strategic alliance aims to expand CST Industries' presence and facilitate its delivery of its high-quality water storage solutions to Eastern Canada.
Table of Contents
1. Project Scope and Definitions
2. Research Methodology
3. Executive Summary
4. Voice of Customer
- 4.1. Product and Market Intelligence
- 4.2. Brand Awareness
- 4.3. Factors Considered in Purchase Decisions
- 4.3.1. Features and Other Value-Added Service
- 4.3.2. Strength and Durability
- 4.3.3. Efficiency of Water Solutions
- 4.3.4. After-Sales Support
- 4.4. Consideration of Privacy and Regulations
5. Global Water Storage System Market Outlook, 2018-2032F
- 5.1. Market Size Analysis & Forecast
- 5.1.1. By Value
- 5.2. Market Share Analysis & Forecast
- 5.2.1. By Type
- 5.2.1.1. Hydraulic Fracture Storage and Collection
- 5.2.1.2. Onsite Water and Wastewater Collection
- 5.2.1.3. Potable Water Storage System
- 5.2.1.4. Fire Suppression Reserve and Storage
- 5.2.1.5. Rainwater Harvesting and Collection
- 5.2.1.6. Irrigation
- 5.2.1.7. Secondary Containment System
- 5.2.1.8. Marine
- 5.2.1.9. Others
- 5.2.2. By End-user
- 5.2.2.1. Residential
- 5.2.2.2. Commercial
- 5.2.2.3. Industrial
- 5.2.2.4. Municipal
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia-Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East and Africa
- 5.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
- 5.2.1. By Type
- 5.3. Market Map Analysis, 2024
- 5.3.1. By Type
- 5.3.2. By End-user
- 5.3.3. By Region
6. North America Water Storage System Market Outlook, 2018-2032F*
- 6.1. Market Size Analysis & Forecast
- 6.1.1. By Value
- 6.2. Market Share Analysis & Forecast
- 6.2.1. By Type
- 6.2.1.1. Hydraulic Fracture Storage and Collection
- 6.2.1.2. Onsite Water and Wastewater Collection
- 6.2.1.3. Potable Water Storage System
- 6.2.1.4. Fire Suppression Reserve and Storage
- 6.2.1.5. Rainwater Harvesting and Collection
- 6.2.1.6. Irrigation
- 6.2.1.7. Secondary Containment System
- 6.2.1.8. Marine
- 6.2.1.9. Others
- 6.2.2. By End-user
- 6.2.2.1. Residential
- 6.2.2.2. Commercial
- 6.2.2.3. Industrial
- 6.2.2.4. Municipal
- 6.2.3. By Country Share
- 6.2.3.1. United States
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 6.2.1. By Type
- 6.3. Country Market Assessment
- 6.3.1. United States Water Storage System Market Outlook, 2018-2032F*
- 6.3.1.1. Market Size Analysis & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.2. Market Share Analysis & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.1.1. Hydraulic Fracture Storage and Collection
- 6.3.1.2.1.2. Onsite Water and Wastewater Collection
- 6.3.1.2.1.3. Potable Water Storage System
- 6.3.1.2.1.4. Fire Suppression Reserve and Storage
- 6.3.1.2.1.5. Rainwater Harvesting and Collection
- 6.3.1.2.1.6. Irrigation
- 6.3.1.2.1.7. Secondary Containment System
- 6.3.1.2.1.8. Marine
- 6.3.1.2.1.9. Others
- 6.3.1.2.2. By End-user
- 6.3.1.2.2.1. Residential
- 6.3.1.2.2.2. Commercial
- 6.3.1.2.2.3. Industrial
- 6.3.1.2.2.4. Municipal
- 6.3.1.2.1. By Type
- 6.3.1.1. Market Size Analysis & Forecast
- 6.3.2. Canada
- 6.3.3. Mexico
- 6.3.1. United States Water Storage System Market Outlook, 2018-2032F*
All segments will be provided for all regions and countries covered
7. Europe Water Storage System Market Outlook, 2018-2032F
- 7.1. Germany
- 7.2. France
- 7.3. Italy
- 7.4. United Kingdom
- 7.5. Russia
- 7.6. Netherlands
- 7.7. Spain
- 7.8. Turkey
- 7.9. Poland
8. Asia-Pacific Water Storage System Market Outlook, 2018-2032F
- 8.1. India
- 8.2. China
- 8.3. Japan
- 8.4. Australia
- 8.5. Vietnam
- 8.6. South Korea
- 8.7. Indonesia
- 8.8. Philippines
9. South America Water Storage System Market Outlook, 2018-2032F
- 9.1. Brazil
- 9.2. Argentina
10. Middle East and Africa Water Storage System Market Outlook, 2018-2032F
- 10.1. Saudi Arabia
- 10.2. UAE
- 10.3. South Africa
11. Demand Supply Analysis
12. Value Chain Analysis
13. Porter's Five Forces Analysis
14. PESTLE Analysis
15. Market Dynamics
- 15.1. Market Drivers
- 15.2. Market Challenges
16. Market Trends and Developments
17. Case Studies
18. Competitive Landscape
- 18.1. Competition Matrix of Top 5 Market Leaders
- 18.2. SWOT Analysis for Top 5 Players
- 18.3. Key Players Landscape for Top 10 Market Players
- 18.3.1. McDermott International Limited
- 18.3.1.1. Company Details
- 18.3.1.2. Key Management Personnel
- 18.3.1.3. Products and Services
- 18.3.1.4. Financials (As Reported)
- 18.3.1.5. Key Market Focus and Geographical Presence
- 18.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 18.3.2. CST Industries, Inc.
- 18.3.3. DN Tanks
- 18.3.4. Welspun Corp Limited
- 18.3.5. Caldwell Tanks, Inc. & Preload, LLC
- 18.3.6. Balmoral Tanks Limited
- 18.3.7. Snyder Industries, Inc.
- 18.3.8. Prayag India Limited
- 18.3.9. Hindware Home Innovation Limited
- 18.3.10. Evenproducts Limited
- 18.3.1. McDermott International Limited
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
19. Strategic Recommendations
20. About Us and Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1. Global Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 2. Global Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 3. Global Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 4. Global Water Storage System Market Share (%), By Region, 2018-2032F
- Figure 5. North America Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 6. North America Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 7. North America Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 8. North America Water Storage System Market Share (%), By Country, 2018-2032F
- Figure 9. United States Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 10. United States Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 11. United States Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 12. Canada Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 13. Canada Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 14. Canada Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 15. Mexico Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 16. Mexico Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 17. Mexico Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 18. Europe Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 19. Europe Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 20. Europe Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 21. Europe Water Storage System Market Share (%), By Country, 2018-2032F
- Figure 22. Germany Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 23. Germany Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 24. Germany Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 25. France Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 26. France Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 27. France Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 28. Italy Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 29. Italy Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 30. Italy Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 31. United Kingdom Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 32. United Kingdom Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 33. United Kingdom Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 34. Russia Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 35. Russia Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 36. Russia Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 37. Netherlands Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 38. Netherlands Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 39. Netherlands Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 40. Spain Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 41. Spain Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 42. Spain Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 43. Turkey Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 44. Turkey Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 45. Turkey Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 46. Poland Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 47. Poland Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 48. Poland Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 49. South America Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 50. South America Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 51. South America Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 52. South America Water Storage System Market Share (%), By Country, 2018-2032F
- Figure 53. Brazil Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 54. Brazil Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 55. Brazil Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 56. Argentina Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 57. Argentina Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 58. Argentina Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 59. Asia-Pacific Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 60. Asia-Pacific Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 61. Asia-Pacific Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 62. Asia-Pacific Water Storage System Market Share (%), By Country, 2018-2032F
- Figure 63. India Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 64. India Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 65. India Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 66. China Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 67. China Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 68. China Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 69. Japan Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 70. Japan Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 71. Japan Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 72. Australia Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 73. Australia Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 74. Australia Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 75. Vietnam Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 76. Vietnam Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 77. Vietnam Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 78. South Korea Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 79. South Korea Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 80. South Korea Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 81. Indonesia Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 82. Indonesia Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 83. Indonesia Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 84. Philippines Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 85. Philippines Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 86. Philippines Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 87. Middle East & Africa Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 88. Middle East & Africa Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 89. Middle East & Africa Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 90. Middle East & Africa Water Storage System Market Share (%), By Country, 2018-2032F
- Figure 91. Saudi Arabia Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 92. Saudi Arabia Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 93. Saudi Arabia Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 94. UAE Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 95. UAE Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 96. UAE Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 97. South Africa Water Storage System Market, By Value, In USD Billion, 2018-2032F
- Figure 98. South Africa Water Storage System Market Share (%), By Type, 2018-2032F
- Figure 99. South Africa Water Storage System Market Share (%), By End-user, 2018-2032F
- Figure 100. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
- Figure 101. By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2024
- Figure 102. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024
