{"id":261759,"date":"2018-09-06T10:07:02","date_gmt":"2018-09-06T10:07:02","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=261759"},"modified":"2018-09-06T10:07:02","modified_gmt":"2018-09-06T10:07:02","slug":"the-global-water-storage-tank-market-is-expected-to-reach-14-billion-by-2023","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/the-global-water-storage-tank-market-is-expected-to-reach-14-billion-by-2023_261759.html","title":{"rendered":"The global water storage tank market is expected to reach $14 billion by 2023"},"content":{"rendered":"
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Trends, opportunities and forecast in water storage tank market to 2023 by application (potable water, water conservation, wastewater, industrial wastewater, fire protection, and plumbing & engineering solutions), material (fiberglass, steel, concrete (built in place and precast), polymer, and others), size (less than 5,000 liters, 5,001 to 50,000 liters, 50,001 to 250,000 liters, and more than 250,000 liters), end use (municipal, industrial, commercial, and residential)<\/div>\n

According to a new market report published by Lucintel, the future of the global water storage tank market looks promising with opportunities in commercial, municipal, industrial, and residential sectors. The global water storage tank market is expected to reach an estimated $14 billion by 2023 with a CAGR of 3.8% from 2018 to 2023. The major growth drivers for this market are growing construction activities, increasing concerns about water conservation, increasing government regulations for wastewater, and aging water infrastructure.<\/p>\n

Browse 133 market data Tables and 175 Figures spread through 250 Pages and in-depth TOC on “Global <\/em><\/strong>Water Storage Tank Market <\/strong>2018-2023″ https:\/\/www.lucintel.com\/water-storage-tank-market.aspx<\/a> <\/em><\/strong><\/p>\n

In this market, concrete (built in place and precast), polymers, steel, and fiberglass are the materials used for manufacturing of water storage tanks. On the basis of comprehensive research, Lucintel forecasts that the concrete water storage tank is expected to remain the largest segment over the forecast period due to low-cost, durability, and minimal maintenance requirements. Lucintel predicts that fiberglass water tanks will witness the highest growth because of light weight, high degree of chemical resistance, service life, and low maintenance cost.<\/p>\n

Download PDF Brochure @ https:\/\/www.lucintel.com\/rb\/water-storage-tank-market.aspx<\/a> <\/em><\/strong><\/p>\n

Within the global water storage tank market, the municipal will remain the largest end use segment during the forecast period due to increasing infrastructure spending. The commercial segment is expected to witness the highest growth due to increasing commercial construction activities.<\/p>\n

APAC is expected to remain the largest market and also witness the highest growth over the forecast period due to growing population and construction activities in this region.<\/p>\n

Emerging trends which have a direct impact on the dynamics of the industry include increasing use of roto-molding powder to manufacture cost effective tanks and increasing demand of four layered water storage tanks. McDermott International, Caldwell Tanks, Crom Corporation, Tank Connection, DN Tanks, Synalloy Corporation, Fiber Technology Corporation, ZCL Composites, Sintex Industries, and Superior Tank are among the major suppliers of water storage tanks.<\/p>\n

Get the Sample Pages@ https:\/\/www.lucintel.com\/ds\/water-storage-tank-market.aspx<\/a> <\/em><\/strong><\/p>\n

The study includes a forecast for the global water storage tank market by application, material, size, end use, type, and region, as follows:<\/strong><\/p>\n

By Application Type [Value ($ Million) from 2012 to 2023]<\/strong>: <\/strong><\/p>\n