(MENAFN- iCrowdNewsWire) Global water storage systems market is likely to reach value of USD 24.36 Billion by 2027, according to a current analysis by Emergen Research. Countries facing severe climatic conditions and a high risk of drought are increasingly adopting water storage systems. Rising utilization of water harvesting by farmers to reduce erosion and increase crop yields and product reliability is expected to drive the water storage systems market in the near future. The Asia Pacific region is expected to be the most rapidly expanding region of the global market during the forecast period. Rapid urbanization and industrialization and increasing population in developing economies is driving the water storage systems market in the region. Exclusive Summary –vital information of the water storage systems market .
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Water Storage Systems products is expected to drive the demand for Water Storage Systems , thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market. The latest and updated research report on the Global Water Storage Systems Market covers a comprehensive overview of the Water Storage Systems market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Water Storage Systems market.
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water storage systems Market Size – USD 16.10 billion in 2019, Market Growth – at a CAGR of 5.7%, Market Trends – Increasing demand for recycled water in oil and gas refineries .Rising demand for treated water in oil and gas refineries and growth in oil & gas exploration activities globally are likely to offer lucrative opportunities for major market players in the water storage systems market in the near future.
The acquisition is expected to help AG Growth International; Inc. expand its controls, technology, and project management capabilities . The fiberglass material segment is projected to expand at the most rapid CAGR of 6.7% during the forecast period. Anti-aging, safe, reliable, and fire-resistant nature of fiberglass and its long service life is boosting usage of fiberglass material-based water tanks in commercial and industrial sectors.
Key market participants include Synalloy Corporation, CST Industries, Inc., Mcdermott International, Inc., AG Growth International Inc., BH Tank, Caldwell Tanks, Sintex Plastics Technology Limited, Fiber Technology Corporation, Snyder Industries, and Containment Solutions, Inc.
End-use Outlook (Revenue, USD Billion; 2017–2027)
Commercial
Municipal
Residential
Industrial
Application Outlook (Revenue, USD Billion; 2017–2027)
Hydraulic Fracture Storage & Collection
Rainwater Harvesting & Collection
On-site Water & Wastewater Collection
Potable Water Storage System
Fire Suppression Reserve & Storage
Others
Key Points of Water Storage Systems Market:
Extensive coverage of the analysis of the Water Storage Systems market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Water Storage Systems market
Complete data about the key manufacturers and vendors in the Water Storage Systems market
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Global Water Storage Systems Market Report – Table of Contents :
Chapter 1 includes the global Water Storage Systems market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Water Storage Systems market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Water Storage Systems market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Water Storage Systems industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Water Storage Systems market.
The report marks the notable developments that have recently taken place in the Water Storage Systems industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Water Storage Systems market value chain.
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