The North America Water Storage System Market would witness market growth of 7.3% CAGR during the forecast period (2022-2028).
The effects of changing climate influence the water availability in many regions, like flooding in some regions and surging water scarcity in others. Consequently, water has evolved as a primary factor in the management of hazards like disease epidemics, famine, inequalities between and within countries, migration, natural disasters, and political instability. Therefore, the limitation of water resource availability has made it important to justifiably balance the water demands of the environment, economy, and society. As a result, many nations are emphasizing the need for water storage systems.
With the increasing population and urbanization rate across the world coupled with the surge in oil & gas and industrialization activities, the demand for water has increased significantly in the past few decades. These demand requirements are further bolstered by the changing climatic conditions like a decrease in rainfall that has prompted many governments in the world to realize their nations’ water challenges.
As a result, water scarcity is now considered a significant problem, and various solutions like rainwater harvesting are being encouraged, which is increasing the demand for storage systems as well. Additionally, the rising awareness of consumers about the water consumption challenges, along with strict water consumption and conservation rules imposed by regulatory bodies, are also influencing the rising need for water storage systems.
The increasing number of drinking water treatment units (DWTUs) across Canada also raises the demand for the storage system. In this nation, the government has made it mandatory for residences and public facilities to install a group or groups of on-site water systems, like water storage tanks, wells, and drinking water treatment units, to ensure the supply of potable water. Pressurized potable water is provided to meet all typical residential requirements. All these factors propel the expansion of the regional water storage system market.
The US market dominated the North America Water Storage System Market by Country in 2021; thereby, achieving a market value of $5,723.2 million by 2028. The Canada market is experiencing a CAGR of 9.8% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 8.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Water Storage System Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Water Storage System Market, by Application
1.4.2 North America Water Storage System Market, by End Use
1.4.3 North America Water Storage System Market, by Material
1.4.4 North America 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. North America Water Storage System Market by Application
3.1 North America Hydraulic Fracture Storage & Collection Market by Country
3.2 North America Potable Water Storage Systems Market by Country
3.3 North America Rainwater Harvesting & Collection Market by Country
3.4 North America Fire Suppression Reserve & Storage Market by Country
3.5 North America Onsite Water & Wastewater Collection Market by Country
3.6 North America Others Market by Country
Chapter 4. North America Water Storage System Market by End Use
4.1 North America Municipal Market by Country
4.2 North America Industrial Market by Country
4.3 North America Commercial Market by Country
4.4 North America Residential Market by Country
Chapter 5. North America Water Storage System Market by Material
5.1 North America Concrete Market by Country
5.2 North America Steel Market by Country
5.3 North America Fiberglass Market by Country
5.4 North America Plastic Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Water Storage System Market by Country
6.1 US Water Storage System Market
6.1.1 US Water Storage System Market by Application
6.1.2 US Water Storage System Market by End Use
6.1.3 US Water Storage System Market by Material
6.2 Canada Water Storage System Market
6.2.1 Canada Water Storage System Market by Application
6.2.2 Canada Water Storage System Market by End Use
6.2.3 Canada Water Storage System Market by Material
6.3 Mexico Water Storage System Market
6.3.1 Mexico Water Storage System Market by Application
6.3.2 Mexico Water Storage System Market by End Use
6.3.3 Mexico Water Storage System Market by Material
6.4 Rest of North America Water Storage System Market
6.4.1 Rest of North America Water Storage System Market by Application
6.4.2 Rest of North America Water Storage System Market by End Use
6.4.3 Rest of North America 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 North America Water Storage System Market, 2018 - 2021, USD Million
TABLE 2 North America Water Storage System Market, 2022 - 2028, USD Million
TABLE 3 North America Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Hydraulic Fracture Storage & Collection Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Hydraulic Fracture Storage & Collection Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Potable Water Storage Systems Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Potable Water Storage Systems Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Rainwater Harvesting & Collection Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Rainwater Harvesting & Collection Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Fire Suppression Reserve & Storage Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Fire Suppression Reserve & Storage Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Onsite Water & Wastewater Collection Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Onsite Water & Wastewater Collection Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 18 North America Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 19 North America Municipal Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Municipal Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 28 North America Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 29 North America Concrete Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Concrete Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Steel Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Steel Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Fiberglass Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Fiberglass Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Plastic Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Plastic Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Water Storage System Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Water Storage System Market by Country, 2022 - 2028, USD Million
TABLE 41 US Water Storage System Market, 2018 - 2021, USD Million
TABLE 42 US Water Storage System Market, 2022 - 2028, USD Million
TABLE 43 US Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 44 US Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 45 US Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 46 US Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 47 US Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 48 US Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 49 Canada Water Storage System Market, 2018 - 2021, USD Million
TABLE 50 Canada Water Storage System Market, 2022 - 2028, USD Million
TABLE 51 Canada Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 52 Canada Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 53 Canada Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 54 Canada Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 55 Canada Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 56 Canada Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 57 Mexico Water Storage System Market, 2018 - 2021, USD Million
TABLE 58 Mexico Water Storage System Market, 2022 - 2028, USD Million
TABLE 59 Mexico Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 60 Mexico Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 61 Mexico Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 62 Mexico Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 63 Mexico Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 64 Mexico Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 65 Rest of North America Water Storage System Market, 2018 - 2021, USD Million
TABLE 66 Rest of North America Water Storage System Market, 2022 - 2028, USD Million
TABLE 67 Rest of North America Water Storage System Market by Application, 2018 - 2021, USD Million
TABLE 68 Rest of North America Water Storage System Market by Application, 2022 - 2028, USD Million
TABLE 69 Rest of North America Water Storage System Market by End Use, 2018 - 2021, USD Million
TABLE 70 Rest of North America Water Storage System Market by End Use, 2022 - 2028, USD Million
TABLE 71 Rest of North America Water Storage System Market by Material, 2018 - 2021, USD Million
TABLE 72 Rest of North America Water Storage System Market by Material, 2022 - 2028, USD Million
TABLE 73 Key Information – Containment Solutions, Inc.
TABLE 74 Key Information – Ag Growth International, Inc.
TABLE 75 Key Information – CST Industries, Inc.
TABLE 76 Key Information – Superior Tank Co., Inc.
TABLE 77 Key Information – American Tank Company, Inc.
TABLE 78 Key Information – McDermott International, Ltd.
TABLE 79 Key Information – Fiber Technology Corporation
TABLE 80 Key Information – Maguire Iron, Inc.
TABLE 81 Key Information – Preload LLC
List of Figures
FIG 1 Methodology for the research