The global water storage systems market size is projected to grow from USD 16.5 billion in 2022 to USD 25.1 billion by 2027, at a CAGR of 8.7%. ...The global water storage systems market size is projected to grow from USD 16.5 billion in 2022 to USD 25.1 billion by 2027, at a CAGR of 8.7%. Market growth is attributed to the rising demand for water storage systems in the growing construction industry in residential, commercial, industrial, and municipal end users across the world. This growth is attributed to the increasing scarcity of water, rapidly growing population & urbanization, stringent regulations for water conservation and discharge, and changing climatic conditions, among others.
Concrete water storage systems can be used for long periods due to their superior strength, non-corrosive properties, and durability. Concrete tanks can be used for a variety of applications such as fire suppression & prevention, community water storage systems, agriculture irrigation, winery production, ranch & livestock water supply, and landscape water storage, among others. Moreover, with time, the lime in concrete leaks into the water, which reduces the acidity of rainwater, making it safer to drink. These factors are expected to drive the use of concrete water storage systems. Concrete tanks are the preferred choice for large-capacity water storage. Hydraulic fracture storage & collection, Onsite water & wastewater collection, Potable water storage systems, Fire suppression reserve & storage, Rainwater harvesting & collection, and Others (irrigation, secondary containment systems, and marine).