Water Storage Systems Market research report categorizes the global market by Material (Concrete, Steel, Plastic, Fiberglass), Application, End-use Industry (Municipal, Industrial, Residential, Commercial), and Region (North America, Europe, APAC, MEA, South America).

1. Water Storage Systems Market worth $20.5 billion by 2024
The report "Water Storage Systems Market by Material (Concrete, Steel, Plastic,
Fiberglass), Application, End-use Industry (Municipal, Industrial, Residential,
Commercial), and Region (North America, Europe, APAC, MEA, South America)
- Global Forecast to 2024" The global water storage systems market size is expected to
grow from USD 15.6 billion in 2019 and is projected to reach USD 20.5 billion by 2024, at a
CAGR of 5.6% from 2019 to 2024.
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2. Introduction
Rapidly increasing population & urbanization, recycling of industrial wastewater, water scarcity,
ineffective water management, stringent regulation for conservation & consumption of water, and falling
levels of rainfalls are the significant drivers for the growth of the water storage systems industry.
The water storage systems industry is segregated into hydraulic fracture storage & collection, onsite water
& wastewater collection, potable water storage systems, fire suppression reserve & storage, rainwater
harvesting & collection, and others.
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4. Recent Developments
 In May 2018, McDermott International acquired Chicago Bridge & Iron Company N.V. (CB&I), headquartered in
Hague, the Netherlands, a leading provider of conceptual design, technology, engineering, procurement,
fabrication, modularization, construction, commissioning, maintenance, program management, and
environmental services to customers in the energy and infrastructure market. This business combination with
CB&I has transformed McDermott International, Inc. into a top-tier, integrated provider of engineering and
construction solutions for the energy industry.
 In April 2019, CST Industries, Inc. partnered with Greatario Engineered Storage Systems, an established and
recognized market leader in Ontario, Canada, to design and build bolted steel tanks and covers for liquid storage.
With this partnership, CST Industries intends to expand its Aquastore brand of storage tanks in six province
territories in the western region of Canada, including British Columbia, Alberta, Saskatchewan, Manitoba, Yukon,
Northwest Territories, and Nunavut.
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5. Key Questions Addressed by the Report
 What are the future revenue pockets in the water storage systems industry?
 Which key developments are expected to have a long-term impact on the water storage systems market?
 Which materials and applications are expected to cannibalize existing markets?
 How is the current regulatory framework expected to impact the market?
 What will be the future product mix of the water storage systems industry?
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6. Key players in the water storage systems market are CST Industries, Inc. (US) and McDermott
International Inc. (US), Containment Solutions Inc., (US), DN Tanks (US), Caldwell Tanks (US),
Balmoral Tanks Limited (UK), and Synalloy Corporation (US) and 18 others are considered for
the study.
Most active players in the modular chillers market:
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7. Asia Pacific is projected to be the largest consumer of water storage systems
By region, the industry is segregated into Asia Pacific, the Middle East & Africa, North America,
Europe, and South America. Among these, Asia Pacific is expected to lead the water storage systems
market during the forecast period. This growth is attributed to the scarcity of water, ineffective
utilization of water, inefficient recycling of industrial wastewater for reuse, rapidly growing
population & urbanization, stringent regulation for water conservation & discharges into the
environment, and falling levels of rain, among others.
On The Basis Of Region:
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