Global Water Storage Systems market will reach 3992.28 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/6

Water scarcity in the several regions has led to extensive usage of water storage system across commercial, industrial, residential, and municipal sectors. The need for recycled water and fresh water for various purposes, especially in the oil and gas refineries, has fuelled the growth of the water storage systems market. Exponentially growing population has led to an increase in the demand for potable water for domestic use in urban and rural areas.

The global market for water storage systems has immense growth opportunities with focus on reused and recycled water. Rising modification and innovation of water storage systems are also likely to propel the growth of the market over the forecast period.

However, the high cost of capital investment required for the installation of the water storage systems that creates a negative impact on the growth of the market.

According to the report, the global water storage systems market is estimated to reach US$3992.28 mn by 2025 from US$3107.67 mn in 2019. The market will register at a moderate CAGR of 4.26% between 2019 and 2025.

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