Overview:

A water tank is container in order to store the water for industrial as well as domestic applications. It is available in the various shapes such as horizontal, vertical, and others and are manufactured by the materials such as steel, plastic, concrete, and others. Primarily water tanks are used for the storage of water, liquids, and petroleum products.

Market Dynamics:

Growing demand for the water tank across асrоѕѕ іnduѕtrіаl and соmmеrсіаl ѕесtоrѕ, due to rapidly growing population worldwide is key driving factor for the growth of the global water tank market. Additionally, increasing concerns associated with the depleting reserves and water reservoirs in most of the areas across the globe is another factor to propel growth of the global market in the coming years. Further, increasing demand for the water and waste water treatment systems in the countries including South Africa, India, South Korea, and China is anticipated to boost growth of the target market in the near future.

Key Trends:

Key players operating in the global water tankmarket are mainly focusing on merger acquisition business growth strategies, innovation launches of the productsin order to strengthen position in the target market. For instance, in the January 2019, the ShawCor Company announced that it will acquire ZCL Composites.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North Americaand Europe regions are expected to account for the significant share in terms of revenue over the forecast year. The growth in these regions is mainly attribute to the wide-ranging oil and gas extraction activities requiring reuse in the countries of these regions. The market in Asia Pacific is the expected to register significant CAGR during the forecast period, owing to business favorable environment in the countries especially in the China of the region. Also, rise in the scarcity of drinking water in the countries of Asia Pacific region has led to augmented awareness of water conservation in this region.

Scope of the Report:

Detailed Segmentation:

Global Water Tank Market, By Material type

• Соnсrеtе Таnk
• Меtаl Таnk
• Рlаѕtіс Таnk
• Fіbеr Glаѕѕ Таnk

Global Water Tank Market, By End use

• Commercial
• Residential
• Municipal
• Industrial

Key Players Covered:           

Key players operating in the market includesТаnk Соnnесtіоn, L.L.С., Соntаіnmеnt Ѕоlutіоnѕ, Іnс, МсDеrmоtt Іntеrnаtіоnаl, Іnс, Nоrwеѕсо, Іnс, Ѕhаwсоr (ZСL Соmроѕіtеѕ), СЅТ Іnduѕtrіеѕ, Ѕсhumаnn Таnkѕ, Аmеrісаn Таnk Соmраnу, Іnс., Маguіrе Іrоn, Іnс., and Unіtеd Іnduѕtrіеѕ Grоuр Іnс.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Water Tank Market by material type, end use, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.