To Know More; Download PDF Brochure: https://bit.ly/3zGS9QA The global water storage systems market size is expected to grow from USD 15.6 bil...To Know More; Download PDF Brochure: https://bit.ly/3zGS9QA
The global water storage systems market size is expected to grow from USD 15.6 billion in 2019 and is projected to reach USD 20.5 billion by 2024, at a CAGR of 5.6% from 2019 to 2024. Water scarcity in various regions has led to the extensive usage of water storage systems across the residential, commercial, industrial and municipal sectors. In the commercial and industrial sectors, the need for recycled or treated and fresh water for different purposes, especially in oil and gas refineries, has propelled the demand for water storage systems.
Water scarcity in several regions has led to the wide use of water storage systems across the municipal and residential sectors. The water storage systems industry is segregated into steel, fiberglass, concrete, plastic, and others. The others include collapsible tanks, wood tanks, and open lined pits. Among these, concrete water storage systems accounted for the largest of the global water storage systems market share. This growth can be attributed to cost-effectiveness for installation, coupled with the low maintenance costs of concrete material. The water storage systems industry is segregated into hydraulic fracture storage & collection, onsite water & wastewater collection, potable water storage systems, fire suppression reserve & storage, rainwater harvesting & collection, and others