Research Nester published a report titled “Water Storage Systems Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalwater storage systems market in terms of market segmentation by material, application, 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 estimated to occupy a sizeable amount of revenue by growing at a CAGR of ~5% during the forecast period, i.e., 2022 – 2030, owing to the rising population and urbanization globally, and increasing number of activities related to industrial wastewater treatment. Apart from these, strict regulatory framework regarding consumption and conservation of wastewater are also expected to drive market growth in the coming years.
The market is segmented by material, application and end user. Based on application, the hydraulic fracture storage and collection segment is anticipated to grab the largest market share during the forecast period on the back of the rising need for wastewater treatment. Additionally, by end user, the municipal segment is projected to hold the largest share over the forecast period attributing to the growing number of oil and gas exploration activities around the world.
Geographically, the global water storage systems market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific is evaluated to grab the largest share and witness noteworthy growth in the market during the forecast period attributing to the ineffective water utilization, and increasing issues associated with water scarcity in the region.
The research is global in nature and covers detailed analysis on the market 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, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rapidly Increasing Population and Urbanization Globally to Drive Market Growth
As the total population around the world is increasing at a rapid pace, the demand for drinking water is rising as well, especially in urban centers, where the concentration of population is large. This is giving rise to the increase in establishment of water storage systems around the world, which in turn is projected to drive market growth in the upcoming years.
However, high installation cost of water 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 CST Industries, Inc., McDermott International Inc., Balmoral Tanks Limited, Synalloy Corporation, AQUA Nishihara Corporation, Pulsed Hydraulics Inc., De Nora Water Technologies, Superior Tank Co. Inc., GENMOD SERV, 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.
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