According to a new report, published by KBV research, The Global Water Storage System Market size is expected to reach $27.8 billion by 2028, rising at a market growth of 7.9% CAGR during the forecast period.
The Rainwater Harvesting & Collection market is exhibiting a CAGR of 8.4% during (2022 - 2028). Rainwater harvesting involves the collection of water, usually run-off water from any impervious surface, which is then stored in tanks. Conventionally, harvesting rainwater from the roof is done. The rainwater is made to pass through gutters and channels directed towards a collection tank.
The Municipal market is leading the segment in the Global Water Storage System Market by End Use in 2021; thereby, achieving a market value of $10.0 billion by 2028. The surge in urbanization throughout the world has increased the demand for water in cities and towns. As a result, municipal councils and corporations of such regions have expanded their water and wastewater treatment and storage programs, consequently increasing the adoption of storage systems.
The Steel market is showcasing a CAGR of 8% during (2022 - 2028). These tanks are watertight and can be utilized to store several other liquids as well. Steel tanks are big in dimensions and are an ideal solution for residential, commercial, and municipal applications. This implies that these tanks can be used in storing water for industrial uses, treated water, wastewater, and potable water.
The Asia Pacific market dominated the Global Water Storage System Market by Region in 2021; thereby, achieving a market value of $11.0 billion by 2028. The Europe market is poised to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 7.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/water-storage-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of CST Industries, Inc., Superior Tank Co., Inc., Ag Growth International, Inc., American Tank Company, Inc. (BH Tanks), McDermott International, Ltd., Fiber Technology Corporation, Maguire Iron, Inc., Preload LLC and Containment Solutions, Inc. (NOV, Inc.)
By Application
By End Use
By Material
By Geography
Companies Profiled
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