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India Water Storage Tank Market
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India Water Storage Tank Market

Home Building And Construction India Water Storage Tank Market

India Water Storage Tank Market, By Material (Fiberglass, Steel, Concrete (Built in Place, Precast), Polymer); By Storage Capacity (Less than 5,000 Liters, 5,001–50,000 Liters, 50,001–250,000 Liters, Above 250,000 Liters); By Application (Potable Water, Water Conservation, Wastewater, Industrial Wastewater, Fire Protection, Plumbing & Engineering Solution); By End Use (Municipal, Industrial, Commercial, Residential); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: July 2024
  • Report ID: BWC24569
  • Available Format: PDF
  • Page: 200

Report Overview

Heightened awareness about water conservation driven by growing population in rapidly expanding water scarce urban areas across the country and stringent government regulations for wastewater are expected to drive India Water Storage Tank Market during the forecast period between 2024 and 2030.

India Water Storage Tank Market – Industry Trends & Forecast Report, 2030

India Water Storage Tank Market size was estimated at USD 965.1 million in 2023. During the forecast period between 2024 and 2030, India Water Storage Tank Market size is projected to grow at a CAGR of 5.2% reaching a value of USD 1,364.7 million by 2030. Prominent drivers of the market include growing population, rapid urbanization, and industrialization, which have exacerbated water shortages in many regions. This has led to extensive use of water storage tanks in both residential and non-residential sectors. The growing demand for drinking water in urban and rural areas, heightened awareness of water conservation, and technological advancements focusing on recycled and reused water from the industrial sector are further propelling market growth. Additionally, the limited supply of fresh water in developed and developing countries, coupled with the rising concern over conventional water usage due to scarcity, is boosting the market. Increased global construction and industrial activities, along with stringent government regulations for wastewater management and aging water infrastructure, are also driving demand for water storage tanks. Furthermore, the need for treated, recycled, and soft water in industrial and commercial sectors, particularly in refineries, is significantly contributing to market expansion.

India Water Storage Tank Market

Water Storage Tank – Overview

A water storage tank is a container designed to hold water for various uses, including residential, commercial, industrial, and agricultural applications. These tanks are essential for storing potable water, rainwater, irrigation water, and water for fire suppression, among other purposes. Made from materials such as plastic, steel, fiberglass, or concrete, water storage tanks come in various shapes and sizes to suit specific needs. They help ensure a reliable supply of water, especially in areas with inconsistent water availability, and play a critical role in water conservation efforts by capturing and storing water for future use.

India Water Storage Tank Market

Growth Drivers

Increasing Concerns about Water Conservation

Innovative designs such as modular and stainless-steel panel tanks have revolutionized the market, making the design process more efficient and cost-effective. These tanks can be stacked to create larger units without risking leaks, ideal for large-scale projects. The integration of digital controls and automation has advanced beyond basic temperature regulation, enabling comprehensive monitoring and alert systems for the entire water storage process. The rise of these advanced features and services aligns with the growing concerns about water conservation. Modern tanks, equipped with wireless devices like remote sensors and data loggers, offer increased control and smart management of water resources. Furthermore, the durability of stainless steel reduces service and maintenance costs over time, supporting sustainable water conservation efforts through improved storage solutions.

Challenges

Fluctuation in Raw Material Prices

Fluctuating raw material prices pose a significant challenge to the India Water Storage Tank Market. Variations in the cost of materials like steel, plastic, and concrete directly impact manufacturing expenses, leading to increased product prices. These cost uncertainties can deter investment and slow market growth, as manufacturers and consumers face difficulties in planning and budgeting for water storage solutions.

Impact of Escalating Geopolitical Tensions on India Water Storage Tank Market

Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of India Water Storage Tank Market. Uncertainties stemming from geopolitical instability can disrupt supply chains, leading to potential shortages of critical components and materials, such as steel and plastic, essential for manufacturing water storage tanks. Additionally, heightened geopolitical risks may result in fluctuating exchange rates, affecting import and export activities. These factors can cause delays in production, increased prices, and reduced market competitiveness, ultimately hindering the market's growth. Furthermore, investor confidence may wane, leading to reduced investments and slower technological advancements in the sector.

India Water Storage Tank Market

Segmental Coverage

India Water Storage Tank Market – By Material

On the basis of material, India Water Storage Tank Market is divided into Fiberglass, Steel, Concrete (Built in Place and Precast), and Polymer segments. The fiberglass segment is expected to hold the highest share in India Water Storage Tank Market by material. Fiberglass Water Storage Tanks, made from fiberglass-reinforced plastic, are favored for their durability, lightweight, and corrosion resistance. They are ideal for agricultural, residential, and fire protection applications. Their advantages include low maintenance, design flexibility, and a longer lifespan compared to steel or concrete tanks. The market growth is driven by increasing demand for sustainable water storage solutions, advancements in manufacturing techniques, and the integration of IoT technology for remote monitoring and predictive maintenance. These factors ensure a strong growth trajectory for the fiberglass segment in the India Water Storage Tank Market.

India Water Storage Tank Market Demand

India Water Storage Tank Market – By Storage Capacity

Based on storage capacity, India Water Storage Tank Market is segmented into Less than 5,000 Liters, 5,001–50,000 Liters, 50,001–250,000 Liters, and Above 250,000 Liters segments.

India Water Storage Tank Market – By Application

On the basis of application, India Water Storage Tank Market is divided into Potable Water, Water Conservation, Wastewater, Industrial Wastewater, Fire Protection, and Plumbing & Engineering Solution segments.

India Water Storage Tank Market – By End Use

By end use, India Water Storage Tank Market is divided into Municipal, Industrial, Commercial, and Residential segments. The municipal segment holds the highest share in India Water Storage Tank Market by end use. The segment encompasses a wide array of critical water storage applications essential for public water supply, including drinking water provisions, emergency reserves, and fire protection systems. Its predominant position is rooted in the crucial role municipalities play in managing water resources for densely populated urban areas. Growth in this sector is driven by escalating urbanization, heightened water scarcity concerns, and the imperative for efficient water management infrastructures. Municipalities typically require extensive infrastructure such as reservoirs and elevated tanks, adhering rigorously to stringent regulations and standards to safeguard public health and ensure operational safety.

India Water Storage Tank Market Size

India Water Storage Tank Market – By Region

The in-depth research report on India Water Storage Tank Market covers the market in the country’s major regions: North India, South India, East India, and West India regions.

Competitive Landscape

Major players operating in India Water Storage Tank Market include Sintex, Plasto Tanks, Supreme Industries, Aqua Tech Water Tanks, Vectus Industries, RC Plasto Tanks and Pipes, National Plastics, Aquatech, and Nero Pure. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In February 2023 - A new INR 10 crore plastic water tank manufacturing facility commenced its operations in Prayagraj's Naini area, coinciding with the conclusion of the 2023 Uttar Pradesh Global Investors Summit in Lucknow. The 'Future Plastic Industry' unit, established under an MoU signed in 2022, was inaugurated. Spanning 4,000 square meters, the modern plant is equipped to produce tanks ranging from 500 to 2,000 liters.

Scope of the Report

 

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

USD Million

Market Coverage

India 

Product/ Service Segmentation

Material, Storage Capacity, Application, End Use, Region

Key Players

Sintex, Plasto Tanks, Supreme Industries, Aqua Tech Water Tanks, Vectus Industries, RC Plasto Tanks and Pipes, National Plastics, Aquatech, Nero Pure

 

By Material

  • Fiberglass

  • Steel

  • Concrete (Built in Place, Precast)

  • Polymer

By Storage Capacity

  • Less than 5,000 Liters

  • 5,001–50,000 Liters

  • 50,001–250,000 Liters

  • Above 250,000 Liters

By Application

  • Potable Water

  • Water Conservation

  • Wastewater

  • Industrial Wastewater

  • Fire Protection

  • Plumbing & Engineering Solution

By End Use

  • Municipal

  • Industrial

  • Commercial

  • Residential

By Region

  • North India

  • South India

  • East India

  • West India

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Water Storage Tank Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Population and Urbanization
        2. Increasing Concerns About Water Conservation
        3. Stringent Government Regulations for Wastewater
      2. Restraints
        1. Fluctuation in Raw Material Prices
        2. High Transportation Costs
      3. Opportunities
        1. Aging Water Infrastructure
        2. Growing Construction Activities
      4. Challenges
        1. Concerns About Water Quality in Plastic Tanks
        2. Space Constraints
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Water Storage Tank Market: marketing strategies
  5. India Water Storage Tank Market: Pricing Analysis
  6. India Water Storage Tank Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
        1. Fiberglass
        2. Steel
        3. Concrete (Built in Place, Precast)
        4. Polymer
        5. Others
      2. By Storage Capacity
        1. Less than 5,000 Liters
        2. 5,001–50,000 Liters
        3. 50,001–250,000 Liters
        4. Above 250,000 Liters
      3. By Application
        1. Potable Water
        2. Water Conservation
        3. Wastewater
        4. Industrial Wastewater
        5. Fire Protection
        6. Plumbing & Engineering Solution
      4. By End Use
        1. Municipal
        2. Industrial
        3. Commercial
        4. Residential
      5. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  7. North India Water Storage Tank Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Storage Capacity
      3. By Application
      4. By End Use
  8. South India Water Storage Tank Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Storage Capacity
      3. By Application
      4. By End Use
  9. East India Water Storage Tank Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Storage Capacity
      3. By Application
      4. By End Use
  10. West India Water Storage Tank Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
      2. By Storage Capacity
      3. By Application
      4. By End Use
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Water Storage Tank Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  12. Impact of Escalating Geopolitical Tensions on India Water Storage Tank Market
  13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

1. Sintex

2. Plasto Tanks

3. Supreme Industries

4. Aqua Tech Water Tanks

5. Vectus Industries

6. RC Plasto Tanks and Pipes

7. National Plastics

8. Aquatech

9. Nero Pure

10. Other Prominent Players.

  1. Key Strategic Recommendations
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Country
    5.  Assumptions & Limitations

 

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       India Water Storage Tank Segmentation      

Figure 2       India Water Storage Tank Market Value Chain Analysis    

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Water Storage Tank Market Size, By Value (USD Million), 2019–2030   

Figure 5       India Water Storage Tank Market Share, By Material, By Value, 2019–2030  

Figure 6       India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019–2030          

Figure 7       India Water Storage Tank Market Share, By Application, By Value, 2019–2030          

Figure 8       India Water Storage Tank Market Share, By End Use, By Value, 2019–2030  

Figure 9       North India Water Storage Tank Market Size, By Value (USD Million), 2019–2030          

Figure 10     North India Water Storage Tank Market Share, By Material, By Value, 2019–2030          

Figure 11     North India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019–2030 

Figure 12     North India Water Storage Tank Market Share, By Application, By Value, 2019–2030  

Figure 13     North India Water Storage Tank Market Share, By End Use, By Value, 2019–2030          

Figure 14     South India Water Storage Tank Market Size, By Value (USD Million), 2019–2030          

Figure 15     South India Water Storage Tank Market Share, By Material, By Value, 2019–2030          

Figure 16     South India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019–2030 

Figure 17     South India Water Storage Tank Market Share, By Application, By Value, 2019–2030  

Figure 18     South India Water Storage Tank Market Share, By End Use, By Value, 2019–2030          

Figure 19     East India Water Storage Tank Market Size, By Value (USD Million), 2019–2030          

Figure 20     East India Water Storage Tank Market Share, By Material, By Value, 2019–2030          

Figure 21     East India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019–2030  

Figure 22     East India Water Storage Tank Market Share, By Application, By Value, 2019–2030          

Figure 23     East India Water Storage Tank Market Share, By End Use, By Value, 2019–2030          

Figure 24     West India Water Storage Tank Market Size, By Value (USD Million), 2019–2030          

Figure 25     West India Water Storage Tank Market Share, By Material, By Value, 2019–2030          

Figure 26     West India Water Storage Tank Market Share, By Storage Capacity, By Value, 2019–2030 

Figure 27     West India Water Storage Tank Market Share, By Application, By Value, 2019–2030          

Figure 28     West India Water Storage Tank Market Share, By End Use, By Value, 2019–2030          

 

List of Tables

 

Table 1 India Water Storage Tank Market Size, By Value (USD Million), 2019–2030

Table 2 India Water Storage Tank Market Size, By Material, By Value, 2019–2030

Table 3 India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019–2030

Table 4 India Water Storage Tank Market Size, By Application, By Value, 2019–2030

Table 5 India Water Storage Tank Market Size, By End Use, By Value, 2019–2030

Table 6 North India Water Storage Tank Market Size, By Value (USD Million), 2019–2030

Table 7 North India Water Storage Tank Market Size, By Material, By Value, 2019–2030

Table 8 North India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019–2030

Table 9 North India Water Storage Tank Market Size, By Application, By Value, 2019–2030

Table 10      North India Water Storage Tank Market Size, By End Use, By Value, 2019–2030

Table 11      South India Water Storage Tank Market Size, By Value (USD Million), 2019–2030

Table 12      South India Water Storage Tank Market Size, By Material, By Value, 2019–2030

Table 13      South India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019–2030

Table 14      South India Water Storage Tank Market Size, By Application, By Value, 2019–2030

Table 15      South India Water Storage Tank Market Size, By End Use, By Value, 2019–2030

Table 16      East India Water Storage Tank Market Size, By Value (USD Million), 2019–2030

Table 17      East India Water Storage Tank Market Size, By Material, By Value, 2019–2030

Table 18      East India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019–2030

Table 19      East India Water Storage Tank Market Size, By Application, By Value, 2019–2030

Table 20      East India Water Storage Tank Market Size, By End Use, By Value, 2019–2030

Table 21      West India Water Storage Tank Market Size, By Value (USD Million), 2019–2030

Table 22      West India Water Storage Tank Market Size, By Material, By Value, 2019–2030

Table 23      West India Water Storage Tank Market Size, By Storage Capacity, By Value, 2019–2030

Table 24      West India Water Storage Tank Market Size, By Application, By Value, 2019–2030

Table 25      West India Water Storage Tank Market Size, By End Use, By Value, 2019–2030

Table 26      Sintex Company Overview

Table 27      Sintex Financial Overview

Table 28      Plasto Tanks Company Overview

Table 29      Plasto Tanks Financial Overview

Table 30      Supreme Industries Company Overview

Table 31      Supreme Industries Financial Overview

Table 32      Aqua Tech Water Tanks Company Overview

Table 33      Aqua Tech Water Tanks Financial Overview

Table 34      Vectus Industries Company Overview

Table 35      Vectus Industries Financial Overview

Table 36      RC Plasto Tanks and Pipes Company Overview

Table 37      RC Plasto Tanks and Pipes Financial Overview

Table 38      National Plastics Company Overview

Table 39      National Plastics Financial Overview

Table 40      Aquatech Company Overview

Table 41      Aquatech Financial Overview

Table 42      Nero Pure Company Overview

Table 43      Nero Pure Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: India Water Storage Tank Market size by value was estimated at USD 965.1 million.
Ans: India Water Storage Tank Market is expected to grow at CAGRs of 5.2% during the forecast period between 2024 and 2030.
Ans: By 2030, India Water Storage Tank Market size is forecast to reach a value of USD 1,364.7 million.
Ans: The growth of India Water Storage Tank Market is primarily driven by the rising population and urbanization, increasing concerns about water conservation, and stringent government regulations for wastewater.
Ans: Key players in India Water Storage Tank Market include Sintex, Plasto Tanks, Supreme Industries, Aqua Tech Water Tanks, Vectus Industries, RC Plasto Tanks and Pipes, National Plastics, Aquatech, and Nero Pure.
Ans: The fiberglass segment is expected to grow at the fastest CAGR in India Water Storage Tank Market during the forecast period between 2024 and 2030.