North America Water Storage Systems Market is valued approximately USD 3.3 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.10 % over the forecast period 2019-2026. Water Storage Systems referred to the water tank of container used for water storage. These water tank storage systems are used to store both potable and non-potable water according to intended application such as irrigation agriculture, drinking water and more. North America water storage system market is expected to grow at a significant pace owing to growing population, scarcity of clean water and increasing industrial activities in the region. Apart from this, United States is one of the largest proven oil and gas reserve across the globe. Exploitation of these reserves in the region is significantly increasing the demand for water storage system. Furthermore, depletion of ground water resources in the region are further contributing towards demand of water storage system in the region. As per the International Groundwater Resources Assessment center, ground water is an important source of drinking water and irrigation water representing about 60% of all water used in the irrigation is from ground water resources. Further, as per Harvard University, half of the 204 freshwater basins in the United states may not be able to meet the monthly water demand by 2071. Further, growing focus on water recycle and reuse is expected to create significant growth opportunity in the market over the forecast period. However, considerable Capital Investment and Funding Requirement impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of North America Water Storage Systems market is considered for the key countries such as United States, Canada. United States is the leading/significant region across the world in terms of market share owing to the growing water scarcity issues, depleting groundwater resources in the U.S. coupled with increasing industrial and oil & gas activities in the United States are further contributing towards market growth in the United States.
Major market player included in this report are:
ZCL Composites Inc.
AG Growth International Inc.
Chicago Bridge & Iron Company N.V. (CB&I)
Containment Solutions, Inc.
CST Industries, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
Hydraulic Fracture Storage & Collection
Onsite Water & Wastewater Collection
Potable Water Storage
Fire Suppression Reserve & Storage
Rainwater Harvesting & Collection
By End-Use Industry:
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the North America Water Storage Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers