Global Water Storage Systems Market Future Scope, Opportunities with Strategic Growth and Top Players
Research Nester published a report titled “Water Storage Systems Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global water storage systems market in terms of market segmentation by material, end-user, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global water storage systems market is foreseen
to grow at a CAGR of ~6% over the forecast period, i.e., 2022 – 2030. The
shortage of water on a global level, is anticipated to be the major growth
driver for this market. As the population is growing, the demand for water is
also increasing, however, the supply of clean and usable water is rapidly decreasing
owing to the increasing water pollution. To meet the ever-increasing demand of
water, governments of various developing countries are building water storage
systems to supply water in rural as well as urban areas. This is estimated to
boost the market growth. Large amount of water is required in various
industries as well, which is estimated to further encourage the market growth.
Moreover, increasing awareness amongst the people to conserve water is also
expected to propel the market growth.
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The global water storage systems market is by
end-user into residential, municipal, industrial, and others, out of
which, the municipal segment is projected to garner significant share over the
forecast period, on the back of increasing government investment in building water
storage systems for mass supply. The industrial segment is also expected to
gain modest share owing to the need for large quantity of water in industries,
such as, chemical, oil & gas and others.
On the basis of geographical analysis, the
global water storage systems market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region. The market in the Asia Pacific is estimated to
garner notable share during the forecast period owing to the increasing
concerns among the governments in countries, such as, Indonesia, India, and
Bangladesh to provide drinking water to the masses. Moreover, people are
adopting rainwater harvesting systems by building water storage tanks in their
houses, which is estimated to boost the market growth. Presence of various
industries, and industrial development in the region is also expected to boost
the regional market growth.
The research was global in nature and
conducted in North America (U.S., Canada), Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland,
Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin
America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia,
New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi
Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of
Middle East and Africa). In addition, areas like Market size, Y-O-Y growth
& Opportunity Analysis, market players competitive study, investment
opportunities, demand for future outlook etc. have been covered and displayed
in the research report to ensure it dives deep to achieve strategic competitive
intelligence in the segment.
Increasing Water Consumption and Shortage of
Water to Boost the Market Growth
According to the UNICEF, two thirds of the
global population does not have proper access to water. Over two billion people
live under inadequate water supply every year.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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The
consumption of water is growing, owing to the rise in population and
urbanization, which has created a gap between the demand and supply of water.
This gap is widening due to pollution, wastage of water, and lack of proper
infrastructure for the supply of water. The government is increasingly focusing
on filling this gap, which is estimated to boost the market growth.
However,
slow adoption of the storage systems is expected to operate as key restraint to
the growth of the global water
storage systems market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global water storage systems market which includes company profiling of DN Tanks Inc., AQUA Nishihara Corporation, AG Growth International, Inc., Pulsed Hydraulics Inc., Industrie De Nora S.p.A., GE Group, Superior Tank Co., Inc., American Structures, Inc., Fiber Technology Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global water storage systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
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