Water Storage Systems Market to USD 35.06 Billion by 2032, Owing to Rising Water Scarcity and Demand for Sustainable Infrastructure | Report by SNS Insider
The Water Storage Systems Market is expanding rapidly due to rising concerns over global water scarcity, aging infrastructure, stricter environmental regulations, and growing demand for sustainable and decentralized water management systems across urban and rural sectors.
Austin, May 21, 2025 (GLOBE NEWSWIRE) — The Water Storage Systems Market size was valued at USD 18.96 billion in 2023 and is projected to reach USD 35.06 billion by 2032, growing at a CAGR of 7.19% during the forecast period from 2024 to 2032.
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The Water Storage Systems Market is witnessing substantial growth, driven by increased adoption of smart water management technologies, rising environmental consciousness, and government initiatives supporting water conservation. The integration of automation, coupled with rapid urbanization, is enhancing demand for efficient storage infrastructure. As climate change intensifies, so does the global emphasis on securing water supply for residential, industrial, and agricultural use.
U.S. Water Storage Systems Market Surges Toward USD 7.16 Billion by 2032 on Back of Smart Infrastructure and Sustainability Demand
In the United States, the Water Storage Systems Market was valued at USD 3.57 Billion in 2023 and is expected to grow to USD 7.16 Billion by 2032, at a CAGR of 8.16%. This growth is fueled by the replacement of aging infrastructure, intensifying water conservation efforts, and a rising demand across residential, municipal, and industrial end-users.
Key Players:
- AGI – Ag Growth International – (Water Storage Silos, Liquid Storage Tanks)
- CST Industries, Inc. – (Aquastore Glass-Fused-to-Steel Tanks, HydroTec Epoxy Coated Tanks)
- Containment Solutions – (Underground Fiberglass Water Tanks, Aboveground Water Storage Tanks)
- DN Tanks – (Pre-Stressed Concrete Water Tanks, Circular Prestressed Tanks)
- Balmoral Tanks – (GRP Water Storage Tanks, Epoxy Coated Steel Tanks)
- Caldwell Tanks – (Composite Elevated Water Tanks, Standpipe Water Storage Tanks)
- Superior Tank Co., Inc. – (Bolted Steel Water Tanks, Welded Water Storage Tanks)
- Tianjin Anson International Co., Ltd. – (Galvanized Steel Water Tanks, Stainless Steel Water Tanks)
- Wolf Systembau Gesellschaft m.b.H. – (Reinforced Concrete Water Tanks, Agricultural Water Storage Tanks)
- McDermott – (CB&I Water Storage Tanks, Elevated Water Storage Tanks)
- ZCL Composites, Inc. – (Fiberglass Underground Water Tanks, Aboveground Fiberglass Water Tanks)
- Synalloy Corporation – (Stainless Steel Water Tanks, Industrial Water Storage Tanks)
- Grupo Rotoplas S.A.B. De C.V. – (Plastic Water Storage Tanks, Modular Water Tanks)
- BH Tank – (Corrugated Steel Water Tanks, Bolted Steel Water Storage Tanks)
Water Storage Systems Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | USD 18.96 Billion |
| Market Size by 2032 | USD 35.06 Billion |
| CAGR | CAGR of 7.19% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material – (Concrete, Steel, Plastic, Fiberglass, Others) • By Application – (Hydraulic Fracture Storage And Collection, Onsite Water And Wastewater Collection, Potable Water Storage System, Fire Suppression Reserve & Storage, Rainwater Harvesting & Collection, Others) • By End-User – (Municipal, LNG, Upstream, Midstream, Downstream/Petrochem, Hydrogen, Ammonia, Biofuels, Nuclear, Aerospace, Agriculture, Residential, Data Center, Others) |
| Key Drivers | • Rising Water Scarcity and Government Initiatives for Sustainable Water Management Propel the Water Storage Systems Market Growth. |
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Concrete, Onsite Systems, and Municipal Demand Drive 2023 Water Storage Systems Market Leadership
By Material: In 2023, the concrete segment led the Water Storage Systems Market with the highest revenue share of 41.15%. This dominance is supported by the durability, affordability, and robust structural capacity of concrete, positioning it as the go-to solution for large-scale municipal and industrial applications. Best of all, concrete tanks last long, require little maintenance, and are far superior in resisting degradation from their environment. This has made them appealing for both rural and urban setups. Additionally, the use of easily accessible construction materials reduces overall costs thus increasing mass adoption. Concrete: Quality Control Prepare Test Cylinders
By Application: The onsite water and wastewater collection segment held a commanding 30.68% share in 2023. The introduction of stricter regulations with regard to wastewater treatment coupled with the shift toward decentralized systems are also major growth drivers. Entrenchment of onsite systems, with their efficiency in handling local water concepts, as a necessity in remote or rapidly urbanizing environments. Their integration with smart monitoring technologies enables us to track performance in real-time, fine-tuning water usage. This segment is the fastest growing in the market, due to the increasing use of these systems to align with global sustainability trends, such as recycling and reusing water.
By End-User: In 2023, the municipal segment captured the largest market share of over 25.26%. Increasing urbanization and ageing infrastructure have led to governments investing heavily in water management projects. Municipal bodies are increasing their storage capabilities to accommodate growing populations, comply with water safety standards, and improve emergency preparedness. It’s a great time to be a city, ready to modernize storage systems through smart technologies and sustainable designs with an eye toward climate resilience. These initiatives guarantee a sustainable supply, while also contributing to ecological and economic stability.
Asia Pacific Leads Global Water Storage Systems Market as North America Emerges as Fastest-Growing Region
The Asia Pacific region dominated the global Water Storage Systems Market in 2023, accounting for 32.16% of total revenue. This leadership is a result of fast-paced urban development and industrial growth in countries like China and India. These nations are witnessing significant government spending on water infrastructure, with strategic projects designed to combat water scarcity and ensure clean supply. Population expansion, agricultural needs, and increasing climate challenges are driving large-scale adoption of advanced water storage technologies. Furthermore, emerging innovations like smart modular tanks and solar-powered storage units are being embraced across both rural and urban landscapes. These technological advancements are significantly enhancing operational efficiency and minimizing water loss. The proactive stance taken by regional governments and private players toward sustainable water management ensures that Asia Pacific remains a pivotal market hub in the coming years.
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North America is poised to become the fastest-growing region in the Water Storage Systems Market, boasting a CAGR of 8.34% from 2024 to 2032. The key drivers here include the urgent need to overhaul outdated infrastructure, especially in the U.S., and strict regulatory frameworks promoting water efficiency. The region is also witnessing a boom in water-reliant industries such as agriculture and data centers, further intensifying demand for innovative storage solutions. Federal and local governments are actively funding smart water grid projects, emphasizing resilience, automation, and real-time data tracking. This shift toward smart, sustainable infrastructure is creating massive opportunities for manufacturers and service providers in the water storage ecosystem.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Water Storage Systems Market Segmentation, By Application
8. Water Storage Systems Market Segmentation, By Material
9. Water Storage Systems Market Segmentation, By End-User
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practice
13. Conclusion
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