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North America Water Storage Systems Market worth $4.1 billion by 2024


(, January 03, 2020 ) The report "North America Water Storage Systems Market by Material (Concrete, Steel, Plastic, Fiberglass), Application, End-Use Industry (Municipal, Industrial, Residential, Commercial), and Country (United States, Canada, and Mexico) - Forecast to 2024" The North America water storage systems market size is expected to grow from USD 3.4 billion in 2019 and is projected to reach USD 4.1 billion by 2024, growing at a CAGR of 4.4% from 2019 to 2024. Aging infrastructure, significant capital investment, stringent regulations for the conservation & consumption of water, recycling of industrial wastewater, and rainwater harvesting are among the major drivers for the growth of the North America water storage systems industry.

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Concrete material segment is projected to lead the North America water storage systems market during the forecast period

Based on material, the North America water storage systems market is categorized into steel, fiberglass, concrete, plastic, and others. The other materials include collapsible tanks, wood tanks, and open lined pits. Among these, concrete water storage systems accounted for the largest share in the North America water storage systems market in 2018. This growth can be attributed to cost-effectiveness in installation, coupled with the low maintenance costs of concrete material. The market for fiberglass water storage systems is projected to grow at the highest CAGR during the forecast period.

Hydraulic fracture storage & collection application is projected to lead the North America water storage systems market during the forecast period

Based on application, the North America water storage systems market is categorized into hydraulic fracture storage & collection, onsite water & wastewater collection, potable water storage systems, fire suppression reserve & storage, rainwater harvesting & collection, and others. The other applications of water storage tanks include irrigation, secondary containment systems, and marine. Among these, the hydraulic fracture storage & collection segment accounted for the largest share in 2018. This growth is attributed to increasing oil & gas activities around the globe, coupled with rising environmental concerns regarding the availability of water resources for future generations.

Don't miss out on business opportunities in North America Water Storage Systems Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "North America Water Storage Systems Market”
32 - Market Data Tables
26 - Figures
105 - Pages

US is projected to be the largest consumer of North America water storage systems during the forecast period

Based on country, the market comprises the US, Canada, and Mexico. Among these, the US is projected to lead the North America water storage systems market during the forecast period. This growth is attributed to the scarcity of water, ineffective utilization of water, inefficient recycling of industrial wastewater for reuse, stringent regulations for the conservation of water & discharge into the environment, and government investments, among others.

Key players in the North America water storage systems market are CST Industries, Inc. (US), McDermott International Inc. (US), Containment Solutions Inc., (US), DN Tanks (US), Caldwell Tanks (US), Synalloy Corporation (US), and 11 others considered for the study.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Shelly Singh


Source: EmailWire.Com

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