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Water Storage Systems Market Trends

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Report ID: 3401
Published Date: Aug 28, 2024
Report Format: PDF, PPT

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Water Storage Systems Market Trends

Growth Drivers

Increasing Water Shortage in Low-Income Countries
Growing Need for Water Conservation

Challenges

Slow Adoption in the Underdeveloped Countries
High Initial Investment

Water Storage Systems Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	8.5%
Base Year Market Size (2023)	USD 17.46 billion
Forecast Year Market Size (2036)	USD 50.42 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Water Storage Systems Market Size, Growth Forecast 2036

Author Credits: Abhishek Verma

Report ID: 3401
Published Date: Aug 28, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of water storage systems is evaluated at USD 18.65 billion.

Water Storage Systems Market size was valued at USD 17.46 billion in 2023 and is projected to exceed USD 50.42 billion by 2036, registering over 8.5% CAGR during the forecast period i.e., between 2024-2036. Increasing water scarcity in low-income countries will propel the market growth.

North America is predicted to dominate majority revenue share by 2036, on the back of rising awareness amongst the population in the United States to conserve water, which is estimated to increase the demand for residential water storage systems.

The major players in the market are DN Tanks Inc., AQUA Nishihara Corporation, AG Growth International, Inc., Pulsed Hydraulics Inc., Industrie De Nora S.p.A., GE Group, Superior Tank Co., Inc., and others.

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