Water Storage Systems Market by Material (Concrete, Steel, Plastic, Fiberglass), Application, End-use Industry (Municipal, Industrial, Residential, Commercial), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2024
[148 Pages Report] The global water storage systems market size is estimated to be USD 15.6 billion in 2019 and projected to reach USD 20.5 billion by 2024, growing at a CAGR of 5.6% from 2019 to 2024. Rapidly increasing population & urbanization, recycling of industrial wastewater, water scarcity, ineffective water management, stringent regulation for conservation & consumption of water, and falling levels of rainfalls are the significant drivers for the growth of the water storage systems industry.
Concrete material is expected to lead the water storage systems market during the forecast period.
Based on material, the market is segmented into steel, fiberglass, concrete, plastic, and others. The others include collapsible tanks, wood tanks, and open-lined pits. The demand for these water storage systems depends mainly on the properties of the raw materials such as corrosion resistance, durability, weight, strength, and cost, among others. The concrete segment holds the largest share of the global water storage systems market and will continue to be the largest segment during the forecast period as well.
Hydraulic fracture storage & collection application is expected to lead the water storage systems industry during the forecast period.
Based on application, the water storage systems industry is divided into hydraulic fracture storage & collection, on-site water & wastewater collection, potable water storage systems, fire suppression reserve & storage, rainwater harvesting & collection, and others. The other applications of water storage tanks include irrigation, secondary containment systems, and marine applications. Increasing oil & gas exploration activities around the globe with major ongoing projects such as Zubair Oil Field-Rehabilitation Phase (RP) and Enhanced Re-Development Phase in Iraq, East Natuna Block (Natuna D-Alpha) project in Indonesia and others are expected to drive the growth of hydraulic fracture storage & collection water storage systems market.
Municipal end-use industry to register the largest share in the water storage systems market during the forecast period.
Based on the end-use industry, the market has been classified into municipal, industrial, commercial, and residential. In terms of value, municipal water storage systems accounted for the largest share in the water storage systems market. This growth can be attributed to the rapidly increasing population, rapid urbanization, and increasing water scarcity. The residential end-use industry is projected to register the highest CAGR during the forecast period.
Asia Pacific to remain the largest water storage systems market during the forecast period.
Asia Pacific is the largest consumer of water storage systems and is expected to grow at the highest CAGR during the forecast period. The increasing scarcity of water, ineffective utilization of water, inefficient recycling of industrial wastewater for reuse, rapidly increasing population & urbanization, stringent regulations for water conservation and discharge, and the changing climatic conditions, among others, are some of the main factors driving the regional growth.
Key Market Players
Companies such as CST Industries, Inc. (US) and McDermott International Inc. (US), Containment Solutions Inc., (US), DN Tanks (US), Caldwell Tanks (US), Balmoral Tanks Limited (UK), and Synalloy Corporation (US) are the major players in the water storage systems market. These players have been focusing on strategies such as acquisitions, new product developments & launches, agreements, and investments that have helped them to expand their businesses in untapped and potential markets. The diversified product portfolio and multiple uses are factors responsible for strengthening the position of these companies in the global market.
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Report Metric |
Details |
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Market size available for years |
20172024 |
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Market size available for years |
2017-2024 |
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Base year considered |
2018 |
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Forecast period |
20192024 |
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Forecast units |
Value (USD) |
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Segments covered |
Material, Application, End-use Industry, and Region |
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Regions covered |
North America, Europe, Asia Pacific, Middle East & Africa, and South America |
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Companies covered |
CST Industries, Inc. (US) and McDermott International Inc. (US), Containment Solutions Inc., (US), DN Tanks (US), Caldwell Tanks (US), Balmoral Tanks Limited (UK), and Synalloy Corporation (US) and others are considered for the study. |
This report categorizes the water storage systems market based on material, application, end-use industry, and region.
Based on material
- Concrete
- Steel
- Plastic
- Fiberglas
- Others (collapsible tanks (fabric), wood tanks, and open-lined pits)
Based on the application
- Rainwater Harvesting & Collection
- Fire Suppression Reserve & Storage
- On-site Water & Wastewater Collection
- Hydraulic Fracture Storage & Collection
- Potable Water Storage System
- Others (irrigation, secondary containment systems, and marine applications)
Based on the end-use industry
- Municipal
- Industrial
- Commercial
- Residential
Based on the region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Recent Developments
- In May 2018, McDermott International acquired Chicago Bridge & Iron Company N.V. (CB&I), headquartered in Hague, the Netherlands, a leading provider of conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services to customers in the energy and infrastructure market. This business combination with CB&I has transformed McDermott International, Inc. into a top -tier, integrated provider of engineering and construction solutions for the energy industry.
- In April 2019, CST Industries, Inc. partnered with Greatario Engineered Storage Systems, an established and recognized market leader in Ontario, Canada, to design and build bolted steel tanks and covers for liquid storage. With this partnership, CST Industries intends to expand its Aquastore brand of storage tanks in six province territories in the western region of Canada, including British Columbia, Alberta, Saskatchewan, Manitoba, Yukon, Northwest Territories, and Nunavut.
- In January 2018, CST Industries, Inc. announced the expansion of its product portfolio with pre-configured epoxy coated storage tank systems. The company launched Vulcan; a pre-engineered, pre-configured flat panel bolted storage tank line. The storage tank is made available in capacities of 15 cubic meters to 3,000 cubic meters and is designed specifically for the municipal water, wastewater, and fire protection markets.
Key Questions addressed by the report
- What are the future revenue pockets in the water storage systems industry?
- Which key developments are expected to have a long-term impact on the water storage systems market?
- Which materials and applications are expected to cannibalize existing markets?
- How is the current regulatory framework expected to impact the market?
- What will be the future product mix of the water storage systems industry?
- What are the prime strategies of leaders in the water storage systems market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.1.1 Primary and Secondary Research (Value Market)- Approach 1
2.1.2 Primary and Secondary Research (Value Market)- Approach 2
2.1.3 Water Storage Systems Market (Value)- Approach 3
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Secondary Data
2.4 Primary Data
2.5 Research Assumptions and Limitations
2.5.1 Assumptions
2.5.2 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 28)
4.1 Attractive Opportunities in Water Storage Systems Market
4.2 Water Storage Systems Market, By End-Use Industry
4.3 Water Storage Systems Market, By Region
4.4 Asia Pacific Water Storage Systems Market, By Material and Country
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapidly Increasing Population
5.2.1.2 Limited Availability of Water
5.2.1.3 Increasing Capital Expenditure on Water Infrastructure
5.2.2 Restraints
5.2.2.1 High Initial Investments
5.2.3 Opportunities
5.2.3.1 Focus on Recycling and Reuse
5.2.3.2 Increasing Number of Desalination Plants
5.2.4 Challenges
5.2.4.1 Financing Gaps for Maintenance
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Water Storage Systems Market, By Material (Page No. - 37)
6.1 Introduction
6.2 Concrete
6.2.1 Properties Such as Superior Strength, Non-Corrosive, Durability, and Others are Expected to Drive the Growth of Concrete Water Storage Tanks in the Near Future
6.3 Steel
6.3.1 Cost-Effectiveness of Steel Water Storage Systems is Expected to Drive the Growth of the Water Storage Systems Market
6.4 Fiberglass
6.4.1 Properties Such as High Mechanical Strength, No Deterioration, Non-Corrosive and Others are Expected to Drive the Growth of the Fiberglass Water Storage Systems Market
6.5 Plastic
6.5.1 Properties Such as Light Weight, Cost Effectiveness, Recyclability, and Others are Expected to Drive the Growth of the Plastic Water Storage Systems Market
6.6 Others
6.6.1 Collapsibility and Lightweight Properties of Other Water Storage Systems is Expected to Drive the Growth of the Market
7 Water Storage Systems Market, By Application (Page No. - 44)
7.1 Introduction
7.2 Hydraulic Fracture Storage & Collection
7.2.1 Increasing Oil & Gas Activities are Expected to Drive the Growth of Hydraulic Fracture Storage & Collection Water Storage Systems in the Near Future
7.3 Onsite Water & Wastewater Collection
7.3.1 Government Rules and Stringent Environmental Regulations About Reuse & Release of Polluted Processed Water is Expected to Drive the Growth of the Onsite Water & Wastewater Collection Application
7.4 Potable Water Storage
7.4.1 Freshwater Scarcity Coupled With Increasing Population is Expected to Drive the Growth of the Potable Water Storage Application in the Near Future
7.5 Fire Suppression Reserve & Storage
7.5.1 Increasing Human Safety Standards and Government Regulation Regarding Protection Against Fire is Expected to Drive the Growth of the Fire Suppression Reserve & Storage Application
7.6 Rainwater Harvesting & Collection
7.6.1 Increasing Environmental Concerns Regarding the Availability of Water Resource for the Future Generation is Expected to Drive the Growth of the Rainwater Harvesting & Collection Application
7.7 Others
7.7.1 Increasing Irrigation Activities Around the Globe are Expected to Drive the Growth of Other Applications
8 Water Storage Systems Market, By End-Use Industry (Page No. - 52)
8.1 Introduction
8.2 Municipal
8.2.1 Increasing Population and Rapid Urbanization are Major Growth Drivers of Municipal Water Storage Systems Market
8.3 Industrial
8.3.1 Government Regulations, Environmental Norms, and Growing Industrialization is Expected to Drive the Growth of Industrial Water Storage Systems Market
8.4 Commercial
8.4.1 Growing Urbanization and Increasing Demand for Water are Some Factors Responsible for the Growth of Commercial Water Storage Systems Market
8.5 Residential
8.5.1 Rising Water Demand and Increasing Water Scarcity is Expected to Drive the Growth of Residential Water Storage Systems Market
9 Regional Analysis (Page No. - 58)
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.1.1 China is Projected to Lead the Water Storage Systems Market in Asia Pacific During the Forecast Period
9.2.2 Japan
9.2.2.1 Efficient Water Storage Technologies Coupled With the Availability of the Largest Water Storage Tank Expected to Drive the Growth of Japans Water Storage Systems Market
9.2.3 India
9.2.3.1 Booming Economics, Population Growth, and Rapid Urbanization in India are Expected to Drive Growth of the Water Storage Systems Market
9.2.4 South Korea
9.2.4.1 Increasing Cautiousness for Maintaining Water Reserves is Expected to Drive Growth of the Water Storage Systems Market in South Korea
9.2.5 Australia
9.2.5.1 Stringent Regulations and Fluctuating Rainfall are Expected to Drive Growth of Water Storage Systems Market in Australia
9.2.6 Rest of Asia Pacific
9.2.6.1 Increasing Population, Scarcity of Water, and Other Factors are Expected to Fuel the Growth of Water Storage Systems Market in Rest of Asia Pacific
9.3 North America
9.3.1 US
9.3.1.1 Aging Water Infrastructure and Significant Capital Investment for Infrastructure Improvements Will Drive Water Storage Systems Market
9.3.2 Canada
9.3.2.1 Lack of Investment in Water Infrastructure Will Restrain Market Growth During the Forecast Period
9.3.3 Mexico
9.3.3.1 Rainwater Harvesting to Cope With Severe Water Scarcity and the Use of Plastic Water Tanks in Residential Households Will Drive Market Growth
9.4 Europe
9.4.1 Germany
9.4.1.1 High Population Expected to Drive Growth of the Water Storage Systems Market in Germany
9.4.2 France
9.4.2.1 Climate Change Expected to Drive Growth of the Water Storage Systems Market in France
9.4.3 UK
9.4.3.1 Scarcity of Groundwater Drives Growth of the Water Storage Systems Market in the UK
9.4.4 Italy
9.4.4.1 Rainwater Harvesting and Stringent Regulations are Expected to Fuel Growth of the Water Storage Systems Market in Italy
9.4.5 Spain
9.4.5.1 Dependence on Reservoirs Drives Growth of the Water Storage Systems Market in Spain
9.4.6 Rest of Europe
9.4.6.1 Increasing Capital Expenditure on Maintenance of Water Reserves Expected to Fuel Growth of the Water Storage Systems Market in the Rest of Europe
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.1.1 Availability of Large Water Storage Tanks Contribute to Growth of the Water Storage Systems Market in Saudi Arabia
9.5.2 UAE
9.5.2.1 High Consumption in Air Conditioning Systems Drives the Growth of the Water Storage Systems in the UAE
9.5.3 South Africa
9.5.3.1 Government Support is Expected to Drive Growth of the Water Storage Systems Market in South Africa
9.5.4 Rest of Middle East & Africa
9.5.4.1 Increasing Population and Water Scarcity Fuel Growth of the Water Storage Systems Market in the Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.1.1 Availability of Large Water Reserves is Expected to Drive the Growth of Brazils Water Storage Systems Market
9.6.2 Argentina
9.6.2.1 Increasing Oil & Gas Exploration is Expected to Drive Growth of the Water Storage Systems Market in Argentina
9.6.3 Rest of South America
9.6.3.1 Increasing Investment in Water Sanitation is Expected to Fuel Growth of the Water Storage Systems Market in Rest of South America
10 Competitive Landscape (Page No. - 92)
10.1 Introduction
10.2 Competitive Leadership Mapping
10.2.1 Visionaries
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Companies
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Market Share of Key Players in the Water Storage Systems Market, 2018
11 Company Profiles (Page No. - 97)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
11.1 CST Industries, Inc.
11.2 ZCL Composites, Inc.
11.3 Synalloy Corporation
11.4 AG Growth International Inc.
11.5 Grupo Rotoplas S.A.B. De C.V.
11.6 Mcdermott International, Inc.
11.7 BH Tank
11.8 Fiber Technology Corporation
11.9 Caldwell Tanks
11.10 Containment Solutions Inc.
11.11 Maguire Iron Inc.
11.12 Snyder Industries
11.13 Crom Corporation
11.14 Tank Connection
11.15 Contain Enviro Services Ltd.
11.16 HMT LLC
11.17 DN Tanks
11.18 Hendic Bv
11.19 Sintex Plastics Technology Limited
11.20 Balmoral Tanks Limited
11.21 Others
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 140)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (63 Tables)
Table 1 Water Storage Systems Market Snapshot
Table 2 Top 4 Countries Population in 2009 and 2050
Table 3 Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 4 Concrete Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 5 Steel Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 6 Fiberglass Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 7 Plastic Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 8 Other Materials Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 9 Water Storage Systems Market, By Application, 20172024 (USD Million)
Table 10 Water Storage Systems Market in Hydraulic Fracture Storage & Collection, By Region, 20172024 (USD Million)
Table 11 Water Storage Systems Market in Onsite Water & Wastewater Collection, By Region, 20172024 (USD Million)
Table 12 Water Storage Systems Market in Potable Water Storage, By Region, 20172024 (USD Million)
Table 13 Water Storage Systems Market in Fire Suppression Reserve & Storage, By Region, 20172024 (USD Million)
Table 14 Water Storage Systems Market in Rainwater Harvesting & Collection, By Region, 20172024 (USD Million)
Table 15 Water Storage Systems Market in Other Applications, By Region, 20172024 (USD Million)
Table 16 Water Storage Systems Market, By End-Use Industry, 20172024 (USD Million)
Table 17 Municipal Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 18 Industrial Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 19 Commercial Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 20 Residential Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 21 Water Storage Systems Market, By Region, 20172024 (USD Million)
Table 22 Asia Pacific Water Storage Systems Market, By Country, 20172024 (USD Million)
Table 23 Asia Pacific Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 24 Asia Pacific Water Storage Systems Market, By Application, 20172024 (USD Million)
Table 25 Asia Pacific Water Storage Systems Market, By End-Use Industry, 20172024 (USD Million)
Table 26 China Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 27 Japan Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 28 India Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 29 South Korea Water Storage Systems Market, By Material,20172024 (USD Million)
Table 30 Australia Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 31 Rest of Asia Pacific Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 32 North America Water Storage Systems Market, By Country, 20172024 (USD Million)
Table 33 North America Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 34 North America Water Storage Systems Market, By Application, 20172024 (USD Million)
Table 35 North America Water Storage Systems Market, By End-Use Industry, 20172024 (USD Million)
Table 36 US Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 37 Canada Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 38 Mexico Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 39 Europe Water Storage Systems Market, By Country, 20172024 (USD Million)
Table 40 Europe Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 41 Europe Water Storage Systems Market, By Application, 20172024 (USD Million)
Table 42 Europe Water Storage Systems Market, By End-Use Industry, 20172024 (USD Million)
Table 43 Germany Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 44 France Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 45 UK Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 46 Italy Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 47 Spain Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 48 Rest of Europe Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 49 Middle East & Africa Water Storage Systems Market, By Country, 20172024 (USD Million)
Table 50 Middle East & Africa Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 51 Middle East & Africa Water Storage Systems Market, By Application, 20172024 (USD Million)
Table 52 Middle East & Africa Water Storage Systems Market, By End-Use Industry, 20172024 (USD Million)
Table 53 Saudi Arabia Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 54 UAE Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 55 South Africa Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 56 Rest of Middle East & Africa Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 57 South America Water Storage Systems Market, By Country, 20172024 (USD Million)
Table 58 South America Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 59 South America Water Storage Systems Market, By Application, 20172024 (USD Million)
Table 60 South America Water Storage Systems Market, By End-Use Industry, 20172024 (USD Million)
Table 61 Brazil Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 62 Argentina Water Storage Systems Market, By Material, 20172024 (USD Million)
Table 63 Rest of South America Water Storage Systems Market, By Material, 20172024 (USD Million)
List of Figures (36 Figures)
Figure 1 Water Storage Systems Market Segmentation
Figure 2 Water Storage Systems Market: Bottom-Up Approach
Figure 3 Water Storage Systems Market: Top-Down Approach
Figure 4 Concrete Water Storage Systems to Lead the Market During the Forecast Period
Figure 5 Rainwater Harvesting & Collection Application Segment Expected to Grow at Highest CAGR Between 2019 and 2024
Figure 6 Water Storage Systems Market to Grow at A Modest Rate During the Forecast Period
Figure 7 Residential Segment Expected to Grow at Highest Rate During the Forecast Period
Figure 8 Asia Pacific Accounted for the Largest Share of Water Storage Systems Market in 2018
Figure 9 Concrete Material and China Led Asia Pacific Water Storage Systems Market in 2018
Figure 10 Water Storage Systems Market Dynamics
Figure 11 Porters Five Forces Analysis
Figure 12 Fiberglass Segment is Projected to Grow at the Highest CAGR During Forecast Period, in Terms of Value
Figure 13 Rainwater Harvesting & Collection Segment is Projected to Grow at the Higher CAGR During Forecast Period, in Terms of Value
Figure 14 Municipal Segment Dominates the Water Storage Systems Market
Figure 15 Asia Pacific Water Storage Systems Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 16 Asia Pacific Water Storage Systems Market Snapshot
Figure 17 North America: Water Storage Systems Market Snapshot
Figure 18 Europe Water Storage Systems Market Snapshot
Figure 19 Middle East & Africa Water Storage Systems Market Snapshot
Figure 20 South America Water Storage Systems Market Snapshot
Figure 21 Water Storage Systems Market (Global): Competitive Leadership Mapping, 2018
Figure 22 Market Share of Key Players
Figure 23 CST Industries, Inc. : SWOT Analysis
Figure 24 ZCL Composites, Inc.: Company Snapshot
Figure 25 ZCL Composites, Inc.
Figure 26 Synalloy Corporation : Company Snapshot
Figure 27 Synalloy Corporation : SWOT Analysis
Figure 28 AG Growth International Inc.: Company Snapshot
Figure 29 AG Growth International Inc: SWOT Analysis
Figure 30 Grupo Rotoplas S.A.B. De C.V.: Company Snapshot
Figure 31 Mcdermott International, Inc.: Company Snapshot
Figure 32 Mcdermott International, Inc. : SWOT Analysis
Figure 33 Fiber Technology Corporation: SWOT Analysis
Figure 34 Sintex Plastics Technology Limited: Company Snapshot
Figure 35 Sintex Plastics Technology Limited: SWOT Analysis
Figure 36 Balmoral Tanks Limited: SWOT Analysis
The study involved four major activities in estimating the current market size for water storage systems. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers, National Association of Clean Water Agencies (NACWA), National Association of Clean Water Agencies (NACWA), Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to identify and collect information for this study. Secondary sources include annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, gold standard & silver standard websites, associations, regulatory bodies, trade directories, and databases.
Primary Research
The water storage systems market comprises several stakeholders, such as raw material suppliers, water storage systems manufacturers, OEMs, installers, end product users, and regulatory organizations in the supply chain. The demand side of this market is characterized by the developments in the municipal, industrial, commercial, residential end-use industries. The supply side is characterized by market consolidation activities undertaken by water storage systems producers. Several primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following are the breakdown of primary respondents
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Market Size Estimation:
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the water storage systems market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- Key players in the industry and markets were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation:
After arriving at the overall market size-using the market size estimation process explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives:
- To analyze and forecast the size of the water storage systems market in terms of value
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the water storage systems market
- To define, describe, and forecast the market by material, application, end-use industry, and region
- To strategically analyze markets with respect to individual growth trends, future prospects, and their contribution to the market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their share and core competencies in the market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:
Regional Analysis
- A further breakdown of the regional water storage systems market to the country level by material
Country Information
- Regional market split by major countries
Company Information
- Detailed analysis and profiles of additional market players (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Water Storage Systems Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Water Storage Systems Market