According to the latest report by IMARC Group, titled “North America Fire Protection Water Storage Tanks Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 247 Million in 2020. Fire protection water storage tanks are widely used for supplying water to fire sprinkler systems. They are commonly utilized in high-rise buildings and warehouses with high-piled storage. These systems create a dedicated location for certain volumes of water that can be utilized for dousing fire. They are affordable and highly durable in nature with an extended service life. As a result, they are extensively utilized in residential and commercial spaces for avoiding fire-related injuries or deaths.
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The North America fire protection water storage tanks market is majorly driven by the increasing incidences of fire-related injuries. The usage of fire protection water storage systems acts as a first line of defense against fire to provide enough time for individuals to escape imminent danger. The market is further driven by the rising demand for water storage tanks that ensure minimal water loss. Some of the other factors contributing to the market growth include rapid industrialization and the launch of high-performance smart variants in the market. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Superior Tank Co., Inc
- Tank Connection, LLC
- 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.
Key Highlights of the Market Segmentation:
Breakup by Material Type:
- Steel
- Fiberglass
- Others
Breakup by Coating Type:
- Epoxy
- Glass-Fused-To-Steel
- Others
Breakup by Country:
- United States
- Canada
Breakup by Size:
- 100,000-250,000 Gallons
- 50,000-100,000 Gallons
- 25,000-50,000 Gallons
- >250,000 Gallons
- <25,000 Gallons
Breakup by Application:
- Commercial
- Industrial
- Residential
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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