Below are some of the key findings from this industrial water storage tanks market analysis report:
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Global industrial water storage tanks industry overview
Stringent government regulations for wastewater treatment is one of the key factors expected to boost the market’s growth in the forthcoming years. The discharge of wastewater from industries into freshwater bodies is being regulated by government regulations as they release a significant amount of waste into the rivers, lakes, and other public water bodies. Therefore, the government of several countries are taking initiatives to preserve water bodies and reduce the scarcity of water, which is resulting in the increasing demand for industrial water storage tanks for water treatment.
Moreover, governments are renewing the old standards for water discharge from various industries by restricting the discharge of wastewater into public water bodies. As a result, the increasing stringent government regulations for wastewater treatment will drive the industrial water storage tanks market to grow at a CAGR of about 4% during the forecast period.
Top industrial water storage tanks companies covered in this market research report
The industrial water storage tanks market is moderately fragmented. Companies are focusing on installing portable water storage tanks, which can be easily moved in case the plant gets shifted. By providing a complete analysis of the market’s competitive landscape and information on the products offered by the companies, this industrial water storage tanks market industry analysis report helps clients to assess the market potential and design innovative strategies for strengthening their position in the market.
The report offers a complete analysis of several vendors including:
- CROM
- CST Industries
- DN Tanks
- Promax Plastics
- ZCL Composites
Industrial water storage tanks market segmentation based on geographic regions
- North America
- APAC
- Europe
- MEA
- South America
North America accounted for the largest share of industrial water storage tanks market during 2018. Stringent regulations for wastewater treatment in industries in the US, Canada, and Mexico are driving the demand for industrial water storage tanks in this region.
Industrial water storage tanks market segmentation based on products
- Concrete tanks
- Steel tanks
- Other tanks
The concrete tanks segment accounted for the highest share of the global industrial water storage tanks market owing to the increasing demand for wastewater treatment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial water storage tanks market size.
Key highlights of the global industrial water storage tanks market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the industrial water storage tanks market during the next five years
- Precise estimation of the global industrial water storage tanks market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial water storage tanks industry across North America, APAC, Europe, MEA, and South America.
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of industrial water storage tanks companies
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