The North America fire protection water storage tanks market size reached US$ 326.1 Million in 2023. Looking forward, the publisher expects the market to reach US$ 609.7 Million by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2023-2032.
Water storage tanks help in supplying water to fire sprinkler systems, in part or in whole. These include warehouses with high-piled storage, aircraft hangers, and high-rise buildings located in earthquake-prone areas that need a secondary water supply. Fire suppression storage tanks create a dedicated location for a particular volume of water which can be utilized by fire departments to supplement or act as the main source of water during fire suppression. In areas where water is either scarce or not connected to a municipal supply, fire suppression tanks are able to supply the critical water needed for fire protection.
With rapid technological advancements and product innovations, the market for water storage tanks has gained traction across North America. The future of the North American water storage tanks market looks promising with opportunities in commercial, municipal, industrial, and residential sectors. Water storage tanks for fire protection have been exhibiting growth in recent years as technology has advanced, processes have evolved, and standards have become more rigorous resulting in increased flexibility, greater durability and lower costs. Furthermore, the construction of warehouses, hotels and offices are witnessing healthy growth rates, which is also expected to stimulate the growth of the fire protection water storage tanks market in North America in the coming years.
Steel Welded
Steel Bolted
Fiberglass
Others
Glass-Fused-To-Steel
Others
50,000-100,000 Gallons
25,000-50,000 Gallons
>250,000 Gallons
< 25,000 Gallons
Large Warehouses
Shopping Centers
Hospitals
Office Buildings
Others
Industrial
Residential
Canada
2. What is the expected growth rate of the North America fire protection water storage tanks market during 2024-2032?
3. What are the key factors driving the North America fire protection water storage tanks market?
4. What has been the impact of COVID-19 on the North America fire protection water storage tanks market?
5. What is the breakup of the North America fire protection water storage tanks market based on the material type?
6. What is the breakup of the North America fire protection water storage tanks market based on the coating type?
7. What is the breakup of the North America fire protection water storage tanks market based on the size?
8. What is the breakup of the North America fire protection water storage tanks market based on the application?
9. What are the key regions in the North America fire protection water storage tanks market?
10. Who are the key players/companies in the North America fire protection water storage tanks market?
Water storage tanks help in supplying water to fire sprinkler systems, in part or in whole. These include warehouses with high-piled storage, aircraft hangers, and high-rise buildings located in earthquake-prone areas that need a secondary water supply. Fire suppression storage tanks create a dedicated location for a particular volume of water which can be utilized by fire departments to supplement or act as the main source of water during fire suppression. In areas where water is either scarce or not connected to a municipal supply, fire suppression tanks are able to supply the critical water needed for fire protection.
With rapid technological advancements and product innovations, the market for water storage tanks has gained traction across North America. The future of the North American water storage tanks market looks promising with opportunities in commercial, municipal, industrial, and residential sectors. Water storage tanks for fire protection have been exhibiting growth in recent years as technology has advanced, processes have evolved, and standards have become more rigorous resulting in increased flexibility, greater durability and lower costs. Furthermore, the construction of warehouses, hotels and offices are witnessing healthy growth rates, which is also expected to stimulate the growth of the fire protection water storage tanks market in North America in the coming years.
Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the North America fire protection water storage tanks market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on material type, coating type, size, and application.Breakup by Material Type:
SteelSteel Welded
Steel Bolted
Fiberglass
Others
Breakup by Coating Type:
EpoxyGlass-Fused-To-Steel
Others
Breakup by Size:
100,000-250,000 Gallons50,000-100,000 Gallons
25,000-50,000 Gallons
>250,000 Gallons
< 25,000 Gallons
Breakup by Application:
CommercialLarge Warehouses
Shopping Centers
Hospitals
Office Buildings
Others
Industrial
Residential
Breakup by Country:
United StatesCanada
Competitive Landscape:
The report has also examined the competitive landscape of the North America fire protection water storage tanks market. Some of the major players include: Superior Tank Co. Inc, Tank Connection LLC, T.F. Warren Group Inc, CST Industries Inc., National Storage Tank Inc., Fisher Tank Company, DN Tanks Inc., Gulf Coast Tank and Construction Co., Pittsburg Tank & Tower Co Inc., etc.Key Questions Answered in This Report
1. How big is the North America fire protection water storage tanks market?2. What is the expected growth rate of the North America fire protection water storage tanks market during 2024-2032?
3. What are the key factors driving the North America fire protection water storage tanks market?
4. What has been the impact of COVID-19 on the North America fire protection water storage tanks market?
5. What is the breakup of the North America fire protection water storage tanks market based on the material type?
6. What is the breakup of the North America fire protection water storage tanks market based on the coating type?
7. What is the breakup of the North America fire protection water storage tanks market based on the size?
8. What is the breakup of the North America fire protection water storage tanks market based on the application?
9. What are the key regions in the North America fire protection water storage tanks market?
10. Who are the key players/companies in the North America fire protection water storage tanks market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 North America Fire Protection Water Storage Tanks Market
6 Market Breakup by Material Type
7 Market Breakup by Coating Type
8 Market Breakup by Country
9 Market Breakup by Size
10 Market Breakup by Application
11 SWOT Analysis
13 Porter’s Five Forces Analysis
14 PESTEL Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Superior Tank Co. Inc
- Tank Connection LLC
- T.F. Warren Group Inc
- CST Industries Inc.
- National Storage Tank Inc.
- Fisher Tank Company
- DN Tanks Inc.
- Gulf Coast Tank and Construction Co.
- Pittsburg Tank & Tower Co Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 124 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 326.1 Million |
| Forecasted Market Value ( USD | $ 609.7 Million |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | North America |
| No. of Companies Mentioned | 9 |
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