PUBLISHER: TechSci Research | PRODUCT CODE: 1342655
PUBLISHER: TechSci Research | PRODUCT CODE: 1342655
India Water Tanks Market By Product, By Raw Material, By Water Storage Capacity, By Shape, By Application, and By Region, Competition, Forecast, and Opportunities, 2029
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India water tanks market was valued at USD 1,199.33 million in 2023 and is anticipated to project robust growth during the forecast period with a CAGR of 12.08% owing to the following factors such as rising construction activities, increasing focus on wastewater management and growing demand for plastic water tanks.
A water tank is a container used for storing water for many applications such as agriculture farming, drinking purpose, fire suppression, food preparation, and chemical manufacturing. Moreover, water tanks are available in many shapes and sizes. They can be cylindrical, rectangular, underground, and potable and can be made from plastic, steel, fiberglass, stone, or concrete. Water tank leakage and corrosion, as well as bacterial growth, are threats to the tank.
Rising Construction Activities
The major sectors that fall under the Indian construction industry are residential, commercial, industrial, infrastructure construction, and institutional construction. All these sectors seem to have grown during the forecast period owing to the factors such as the Indian government's focus on the development of infrastructure construction through focused policies, including open FDI norms, large budget allocation, and the smart city mission. Hence, with the growing construction activities, the demand for water tanks is also increasing because the water tank is the major product that is used during and after the construction for many purposes, including drinking water, harvesting rainwater, storing stock water for later use, and providing additional water sources for plumbing apart from the water main.
Other Major Investments/Policies in the Construction Industry Introduced by the Indian Government
The FDI cap for real estate projects in special economic zones (SEZs) has been raised to 100%.
It is anticipated that the real estate market in India will generate USD 1 trillion in revenue by 2030 and makeup 13% of the country's GDP by 2025.
The mission of smart cities is to advance urban areas that offer basic services, fair living conditions for residents, a healthy environment, and the use of smart technologies.
Increasing Focus on Wastewater Management
In many areas of India, water shortages have been a persistent issue. According to the Centre for Science and Environment, over 10% of Indians experience severe or acute water scarcity. The issue is exacerbated by a lack of access to safe drinking water, insufficient sanitary infrastructure, ineffective management of urban resources, and a lack of knowledge about water conservation. To address this issue, the Indian government is improving water infrastructure (groundwater wells, dams, storage tanks, pipelines, etc.), which will not only help to minimize the amount of clean water squandered but also the number of people who are continually looking for clean water on a daily basis. In addition, the government implements on-site systems under Urban Wastewater Management (UWM) to collect sludge, water tanks, and wastewater near the toilet in a pit. As a result of the growing wastewater management operations taking place all throughout the country, the need for water tanks is anticipated to rise in the near future.
Major Wastewater Management Initiatives/Schemes/Goals
Sustainable Development Goals (SDG) target 6.3 is focused on wastewater, which aims to halve the proportion of untreated wastewater discharged into water bodies and substantially increase recycling and safe reuse globally.
In October 2021, under the Swachh Bharat Mission (Urban) 2.0, INR15883 crore (USD 193.47) was allocated to States/UTs for wastewater/used water management, including the setting up of STPs and FSTPs (fecal sludge treatment plants).
Rising Demand for Plastic Water Tanks
Market Segmentation
Market Players
Report Scope
India Water Tanks Market, By Product:
India Water Tanks Market, By Raw Material:
India Water Tanks Market, By Water Storage Capacity:
India Water Tanks Market, By Shape:
India Water Tanks Market, By Application:
India Water Tanks Market, By Region:
Competitive Landscape
Available Customizations
Company Information
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
- 1.3. Product Definition
- 1.3.1. By Product
- 1.3.2. By Raw Material
- 1.3.3. By Application
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. India Water Tanks Market Outlook
6. South India Water Tanks Market Outlook
7. North India Water Tanks Market Outlook
8. West India Water Tanks Market Outlook
9. East India Water Tanks Market Outlook
10. Market Dynamics
11. Market Trends and Developments
12. Policy & Regulatory Landscape
13. Value Chain Analysis
14. Import & Export Analysis
15. Pricing Analysis
16. India Economic Profile
17. Company Profiles
18. Strategic Recommendations
19. About Us & Disclaimer
List of Figures
- Figure 1: India Water Tanks Market Size, By Value (USD Million), By Volume (Thousand Units), 2019-2029F
- Figure 2: India Water Tanks Market Share, By Product, By Value, 2019-2029F
- Figure 3: India Water Tanks Market Share, By Raw Material, By Value, 2019-2029F
- Figure 4: India Water Tanks Market Share, By Water Storage Capacity, By Value, 2019-2029F
- Figure 5: India Water Tanks Market Share, By Shape, By Value, 2019-2029F
- Figure 6: India Water Tanks Market Share, By Application, By Value, 2019-2029F
- Figure 7: India Water Tanks Market Share, By Region, By Value, 2019-2029F
- Figure 8: India Water Tanks Market Share, By Company, By Value, 2023
- Figure 9: India Water Tanks Market Map, By Product, Market Size (USD Million) & Growth Rate (%), 2023
- Figure 10: India Water Tanks Market Map, By Raw Material, Market Size (USD Million) & Growth Rate (%), 2023
- Figure 11: India Water Tanks Market Map, By Water Storage Capacity, Market Size (USD Million) & Growth Rate (%), 2023
- Figure 12: India Water Tanks Market Map, By Shape, Market Size (USD Million) & Growth Rate (%), 2023
