Asia-Pacific Water Storage Systems Market to Exceed USD 8bn by 2026, At A CAGR Of 10.12 % from 2017 To 2026

Wednesday, March 28, 2018 11:58 AM UTC

NEW YORK, March 28, 2018 -- 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 are increase in population and scarcity of water is increasing day by day in Asia–pacific. The water tank plays an 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 tanks would weigh about 8 tones. 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.

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Water Tank market: Competitive Analysis

Global Water Tank market competition by top manufacturers/players, sales volume, Price (USD/MT), revenue (Million USD) and market share for each manufacturer/player; the top players includes: