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The Asia-Pacific water storage systems market was valued at USD 3.52 billion in 2017 and is expected to reach USD 8.38 billion by 2026, at a CAGR of 10.12 % from 2017 to 2026. A water tank is a container which is used for preserving water. Water tanks are used to provide storage of water .It is used in many applications like drinking water, irrigation agriculture, fire suppression, agricultural farming, both for plants and livestock, chemical manufacturing, food preparation and many others. Factors for rise in the water tank market is increase in population and scarcity of water is increasing day by day in Asia –pacific. The water tank Play important role in preserving the rainwater as well.
Water Tank Market is segmented into Concrete Tank, Metal Tank, Plastic Tank, Fiber Glass Tank. Concrete water tanks and ferro-cement water tanks are generally strong and long-lasting. They are very heavy, and difficult to handle. 5000G tank would weigh about 8 tonnes. Concrete water tank Concrete water tanks are most often installed underground however smaller tanks are available for above ground. It is more durable as compared to the plastic water tank. If properly maintained, it can last for several years. It keeps water cold and clean as compared to the plastic water tank. It is easy to clean as compared to the plastic water tank.
Among the various end-use industries, the municipal segment held the largest share of the Asia Pacific water storage systems market. Major user of the water tank is Municipal, they are responsible for the distribution and supply of water to cities, towns, and domestic & public service enterprises. The huge distribution network of municipal consists of water storage systems to store as well as deliver water when needed.Growing population and urbanization has led to the municipal to be major user of the water tank.
Due to growing water demand in day to day life Water Tank Market is rising at a faster rate.Asia pacific accounts for the largest market share. China accounts for the major share followed by Japan , South Korea, Taiwan, India. . Water scarcity and the depleting groundwater resources in the Asia pacific will also drive the water storage systems market in the countries.
Asia-Pacific Water Tank Market: Product Type
Asia-Pacific Water Tank Market: End Users/Application Analysis
Asia-Pacific Water Tank Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Asia-Pacific Water Tank Market:
Geographical analysis of Asia-Pacific Water Tank Market:
Asia-Pacific Water Tank Market Report delivers comprehensive analysis of :
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW
Asia-Pacific Water Tank Market report considers 2021 as the base year.
Asia-Pacific Water Tank Market report considers data for period 2016 to 2021 as the historical data to predict market forecast between 2022 to 2029.
Yes, report is inclusive in-detailed analysis of key players in Asia-Pacific Water Tank Market
Asia-Pacific Water Tank Market Study is broadly divided into North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW. Also these regions are further analysed as per various countries
Asia-Pacific Water Tank Market Report includes Market Segmentation, Regional outlook, Application Analysis, Competitive analysis, Supply-Demand Analysis, Pricing insight.
Yes, the report includes COVID 19 impact on the market.
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