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Global water tank market will reach $3.8 billion by 2022

Author: QYResearch Publish date: 2018-03-30 Views: 28
Water Tanks are composed of materials such as steel, fiberglass, plastic, and concrete. Water Tanks are used in various end-use industries such as commercial, residential, municipal, and industrial.

Publisher: QYResearch

Published Date: 2018-03-30

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Municipal is the largest end-use industry in the market, which accounted 50.43% market share in 2016, as it is engaged in the supply and distribution of potable water to urban, semi-urban, and rural regions. Municipalities look after a vast network of Water Tank to store and deliver water according to the needs of communities. In terms of application, the global Water Tank market has been witnessing significant demand from the oil and gas industry, where hydraulic fracture requires a large amount of water to be stored. The used water after the fracturing process needs to be further stored and treated before being released into the environment. Rise in oil and gas exploration activities has contributed to the demand for Water Tank. 


The global Water Tank market value was 2.55 million USD in 2012 and has reached 2.99 Billion USD in 2016. Also, it is projected to reach more than 3.8 Billion USD by 2022.North America was the largest market with a market share of 64.34% in 2012 and 64.41% in 2016 with a slight increase. Europe ranked the second markets with the market share of 20.44% in 2016.


The world's large enterprises are mainly concentrated in developed countries. The top 15 manufacturers are ZCL Composites Inc., CST Industries, Inc., Tank Connection, Schumann Tank, UIG, DN Tanks, American Tank, Crom Corporation, Chicago Bridge & Iron(CB&I), Caldwell Tanks, Maguire Iron Inc., Snyder Industries Inc., Norwesco Industries, Promax Plastics, Containment Solutions, Inc.


The Global Water Tank Market Research Report 2017 report released by QYResearch provides a basic overview of the Water Tank industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Water Tank industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:http://www.qyresearchglobal.com/goods-1228591.html
QYResearchglobal focus on market survey and report 
Media contact: press@qyresearch.com

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