The Latin America, Middle East and Africa Water Storage System Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
The emergence of the concept of sustainability has influenced the water sector and its associated industries. Efforts of sustainability are further pushed by factors like reduction in rainfall, ineffective water management, and recycling of industrial wastewater. These have adverse effects on water availability while simultaneously aggravating the negative effects. For example, fewer rainfall results in groundwater level depletion, which pushes many to increase the depth of boring or drilling to get access to groundwater.
To manage such issues, governments across the world have increased their capacities to treat water and wastewater, thereby ensuring water availability for all. This further increases the demand for storage systems at both the distribution and receiving ends. The industry is mainly driven by growing awareness of the freshwater shortage. In developing nations, population growth and rapid urbanization are generating a requirement for water storage systems. The water storage systems market is also being supported by the increased use of treated and fresh water in oil and gas refineries.
In the coming years, it is expected that the lack of access to safe drinking water will increase concerns about water conservation. The market is also expanding as a result of the recycling of wastewater produced by various sectors. The need for water storage systems is being driven by expanding government programs on water conservation and clean water usage. In addition, the increasing favorability towards the use of plastic tanks for water storage in developing nations is also aiding in the growth of the market.
Due to the rising domestic and toxic waste output from commercial and agricultural use and the decreased availability of clean water, several Latin American countries now require the construction of water treatment systems. Similarly, modern technology has been prioritized in the Middle East and Africa to enhance home and commercial water resources. The need for water storage systems in this region is also rising as water efficiency initiatives are gaining importance. All these elements present lucrative growth prospects for the regional water storage system market.
The Brazil market dominated the LAMEA Water Storage System Market by Country in 2021; thereby, achieving a market value of $459.6 million by 2028. The Argentina market is showcasing a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 9.2% during (2022 - 2028).
Based on Application, the market is segmented into Hydraulic Fracture Storage & Collection, Potable Water Storage Systems, Rainwater Harvesting & Collection, Fire Suppression Reserve & Storage, Onsite Water & Wastewater Collection and Others. Based on End Use, the market is segmented into Municipal, Industrial, Commercial and Residential. Based on Material, the market is segmented into Concrete, Steel, Fiberglass, Plastic and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Water Storage System Market is Predict to reach $27.8 Billion by 2028, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.)
Scope of the Study
Market Segments Covered in the Report:
By Application
- Hydraulic Fracture Storage & Collection
- Potable Water Storage Systems
- Rainwater Harvesting & Collection
- Fire Suppression Reserve & Storage
- Onsite Water & Wastewater Collection
- Others
By End Use
- Municipal
- Industrial
- Commercial
- Residential
By Material
- Concrete
- Steel
- Fiberglass
- Plastic
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Containment Solutions, Inc. (NOV, Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Water Storage System Market, by Application
1.4.2 LAMEA Water Storage System Market, by End Use
1.4.3 LAMEA Water Storage System Market, by Material
1.4.4 LAMEA Water Storage System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Water Storage System Market by Application
3.1 LAMEA Hydraulic Fracture Storage & Collection Market by Country
3.2 LAMEA Potable Water Storage Systems Market by Country
3.3 LAMEA Rainwater Harvesting & Collection Market by Country
3.4 LAMEA Fire Suppression Reserve & Storage Market by Country
3.5 LAMEA Onsite Water & Wastewater Collection Market by Country
3.6 LAMEA Others Market by Country
Chapter 4. LAMEA Water Storage System Market by End Use
4.1 LAMEA Municipal Market by Country
4.2 LAMEA Industrial Market by Country
4.3 LAMEA Commercial Market by Country
4.4 LAMEA Residential Market by Country
Chapter 5. LAMEA Water Storage System Market by Material
5.1 LAMEA Concrete Market by Country
5.2 LAMEA Steel Market by Country
5.3 LAMEA Fiberglass Market by Country
5.4 LAMEA Plastic Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Water Storage System Market by Country
6.1 Brazil Water Storage System Market
6.1.1 Brazil Water Storage System Market by Application
6.1.2 Brazil Water Storage System Market by End Use
6.1.3 Brazil Water Storage System Market by Material
6.2 Argentina Water Storage System Market
6.2.1 Argentina Water Storage System Market by Application
6.2.2 Argentina Water Storage System Market by End Use
6.2.3 Argentina Water Storage System Market by Material
6.3 UAE Water Storage System Market
6.3.1 UAE Water Storage System Market by Application
6.3.2 UAE Water Storage System Market by End Use
6.3.3 UAE Water Storage System Market by Material
6.4 Saudi Arabia Water Storage System Market
6.4.1 Saudi Arabia Water Storage System Market by Application
6.4.2 Saudi Arabia Water Storage System Market by End Use
6.4.3 Saudi Arabia Water Storage System Market by Material
6.5 South Africa Water Storage System Market
6.5.1 South Africa Water Storage System Market by Application
6.5.2 South Africa Water Storage System Market by End Use
6.5.3 South Africa Water Storage System Market by Material
6.6 Nigeria Water Storage System Market
6.6.1 Nigeria Water Storage System Market by Application
6.6.2 Nigeria Water Storage System Market by End Use
6.6.3 Nigeria Water Storage System Market by Material
6.7 Rest of LAMEA Water Storage System Market
6.7.1 Rest of LAMEA Water Storage System Market by Application
6.7.2 Rest of LAMEA Water Storage System Market by End Use
6.7.3 Rest of LAMEA Water Storage System Market by Material
Chapter 7. Company Profiles
7.1 Containment Solutions, Inc. (NOV, Inc.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.2 Ag Growth International, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Recent strategies and developments:
7.2.1.1 Acquisition and Mergers:
7.3 CST Industries, Inc.
7.3.1 Company Overview
7.4 Superior Tank Co., Inc.
7.4.1 Company Overview
7.5 American Tank Company, Inc. (BH Tanks)
7.5.1 Company Overview
7.6 McDermott International, Ltd.
7.6.1 Company Overview
7.7 Fiber Technology Corporation
7.7.1 Company Overview
7.8 Maguire Iron, Inc.
7.8.1 Company Overview
7.9 Preload LLC
7.9.1 Company Overview
TABLE 1 LAMEA Water Storage System Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Water Storage System Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Hydraulic Fracture Storage & Collection Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Hydraulic Fracture Storage & Collection Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Potable Water Storage Systems Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Potable Water Storage Systems Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Rainwater Harvesting & Collection Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Rainwater Harvesting & Collection Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Fire Suppression Reserve & Storage Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Fire Suppression Reserve & Storage Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Onsite Water & Wastewater Collection Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Onsite Water & Wastewater Collection Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 18 LAMEA Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 19 LAMEA Municipal Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Municipal Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 28 LAMEA Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 29 LAMEA Concrete Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Concrete Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Steel Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Steel Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Fiberglass Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Fiberglass Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Plastic Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Plastic Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Water Storage System Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Water Storage System Market by Country, 2022 - 2028, USD Million
TABLE 41 Brazil Water Storage System Market, 2018 - 2021, USD Million
TABLE 42 Brazil Water Storage System Market, 2022 - 2028, USD Million
TABLE 43 Brazil Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 44 Brazil Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 45 Brazil Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 46 Brazil Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 47 Brazil Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 48 Brazil Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 49 Argentina Water Storage System Market, 2018 - 2021, USD Million
TABLE 50 Argentina Water Storage System Market, 2022 - 2028, USD Million
TABLE 51 Argentina Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 52 Argentina Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 53 Argentina Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 54 Argentina Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 55 Argentina Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 56 Argentina Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 57 UAE Water Storage System Market, 2018 - 2021, USD Million
TABLE 58 UAE Water Storage System Market, 2022 - 2028, USD Million
TABLE 59 UAE Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 60 UAE Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 61 UAE Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 62 UAE Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 63 UAE Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 64 UAE Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Water Storage System Market, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Water Storage System Market, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 73 South Africa Water Storage System Market, 2018 - 2021, USD Million
TABLE 74 South Africa Water Storage System Market, 2022 - 2028, USD Million
TABLE 75 South Africa Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 76 South Africa Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 77 South Africa Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 78 South Africa Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 79 South Africa Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 80 South Africa Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 81 Nigeria Water Storage System Market, 2018 - 2021, USD Million
TABLE 82 Nigeria Water Storage System Market, 2022 - 2028, USD Million
TABLE 83 Nigeria Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 84 Nigeria Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 85 Nigeria Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 86 Nigeria Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 87 Nigeria Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 88 Nigeria Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 89 Rest of LAMEA Water Storage System Market, 2018 - 2021, USD Million
TABLE 90 Rest of LAMEA Water Storage System Market, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 97 Key Information – Containment Solutions, Inc.
TABLE 98 Key Information – Ag Growth International, Inc.
TABLE 99 Key Information – CST Industries, Inc.
TABLE 100 Key Information – Superior Tank Co., Inc.
TABLE 101 Key Information – American Tank Company, Inc.
TABLE 102 Key Information – McDermott International, Ltd.
TABLE 103 Key Information – Fiber Technology Corporation
TABLE 104 Key Information – Maguire Iron, Inc.
TABLE 105 Key Information – Preload LLC
List of Figures
FIG 1 Methodology for the research