Global Industrial Water Storage Tanks Market Will Grow by USD 537.78 Million During 2019-2023| Technavio

Technavio has released a new market research report on the global industrial water storage tanks market for the period 2019-2023. (Graphic: Business Wire)

LONDON--()--Technavio has announced the release of their research report on the global industrial water storage tanks market for the forecast period 2019-2023. This industrial water storage tanks market analysis report segments the market by product (concrete tanks, steel tanks, and other tanks) and geography (APAC, Europe, MEA, North America, and South America).

Global industrial water storage tanks market size will grow at a CAGR of around 4% over 2019-2023. Climate change will contribute to an increase in water scarcity. According to the World Bank, the current population growth and poor water management practices will result in a 40% shortfall between the demand and supply of water by 2023. The consumption of groundwater has also increased over the last few decades. The shortage of water is driving the need for water conservation. This is anticipated to promote the demand for industrial water storage tanks for water treatment and purification.

Development of new wastewater treatment systems

Stringent regulations have resulted in several new developments in water and wastewater treatment plants in industries, which is expected to drive the demand for industrial water storage tanks. The water treatment systems such as zero liquid discharge (ZLD) and dissolved air floatation (DAF) have been gaining popularity. The DAF systems are used in a wide range of industries such as food and beverage, pulp and paper, automotive, metal and steel, chemical and petrochemical, mining, power generation, oil and gas, electronics, and recycling facilities for water and wastewater treatment. The ZLD systems are gaining popularity owing to the high efficiency involved in the process.

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“The stringent regulations for wastewater treatment in industries in countries such as the US, Canada, and Mexico is likely to contribute significantly to the growth of the market in the region. The growth of various industries such as construction, chemicals, petrochemicals, and textiles in North America will also drive the demand for industrial water storage tanks,” says an analyst at Technavio.

The projects such as Housing for All, Smart City 2020, and Make in India have been driving the construction industry in India. Nearly 100 smart cities have been planned under the Smart City 2020 project, and some of these projects are expecting completion during the forecast period. In 2018, there were about 20 smart city projects that were under construction. These projects along with other residential and commercial construction activities are expected to drive the demand for industrial water storage tanks from the construction industry.

View a snapshot of the report for a more detailed overview of the market and the segmentation covered in this report

This industrial water storage tanks industry research report provides an in-depth analysis of the primary drivers, upcoming trends, and challenges that will impact market growth over the forecast period. The report analyzes the competitive landscape and offers details on several industrial water storage tanks products manufacturers including –

  • CROM
  • CST Industries
  • DN Tanks
  • Promax Plastics
  • ZCL Composites

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. Technavio’s report library consists of more than 10,000 reports covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

Technavio has announced the release of their research report on the global industrial water storage tanks market for the forecast period 2019-2023.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com