Water Storage Systems Market Size Growth - By Material (Steel, Fiberglass, Concrete, Plastic, and Others), By Application, By End-Use, and By Region: Statistics Reports, Supply & Demand Analysis, Global Opportunity 2025-2032

Global Market Synopsis, Forecast, Trend, and Growth Up To 2032

The Water Storage Systems Market was valued at US$ 23.11 Bn in 2025, It is estimated to grow at a CAGR of 8.1% from 2025 to 2032 and reach US$ 38.66 Bn by the end of 2032. The growth of the water storage systems industry is highly driven by the increasingly growing concerns regarding water shortages.

Water storage systems are provided for water storage that is further used for multiple purposes through a well-planned piping network. Water is the basic need in every sector, and hence a reserve of the same is considered as an important factor. With the population escalating around the world and intensified industrialization, oil, and gas activities, the requirement of water has been raised manifold in the past decade.

As such, there is a decrease in the much-needed rainfalls, which marked a wake-up call for the governments of these countries to reflect on the issue of scarce water supplies and seek other alternative solutions like harvesting and many more, hence establishing a well-organized network system of storing water systems. Other factors that are expected to influence the growth of the market include growing consumer awareness with regards to clean water, regulations concerning water conservation and consumption, and increasing urbanization.

Water storage is at the very core of water management infrastructure: it stores, maintains, and distributes water for industrial, agricultural, home uses, and environmental purposes. The systems involve a huge range of buildings and technology developed to address needs based on location, climates, or environmental factors. This market is important in managing a huge number of water management issues related to conservation, distribution, and access to clean water. Large-scale reservoir facilities are needed in urban clusters and megacities to keep water supply constant despite climatic change.

Market Segmentation

The global water storage systems market can be classified into by material, by application, and by end-use. In terms of material, the market is segmented into steel, fiberglass, concrete, plastic, and Others.

Based on application, the market is divided into hydraulic fracture storage & collection, onsite water & wastewater collection, portable water storage systems, rainwater harvesting & collection, and others.

By Material segment

The water storage systems market was dominated by a concrete segment in the year 2024. The dominance of this segment is based on the lower material-based cost of water tanks and a lower maintenance cost. Moreover, concrete-based water storage systems are more durable, easily found in both developed and developing countries, and have an easy-to-maintain hygiene that could further boost its adoption across the world in the near future.

During the forecast period, the fiberglass water storage systems market segment will grow at the fastest pace. The growth of the segment can be attributed to superior qualities of fiberglass-based structures over other materials, which include additional mechanical strength and resistance towards degradation, thereby propelling its usage in a variety of storage systems and water tanks. Additionally, with the increased awareness of the food-grade coating, fiberglass is highly preferred for a longer period.

Competitive Landscape

water storage systems market is highly fragmented, as many global and regional companies are operating in the evolving market scenario with expansive production capabilities and broad product distribution networks.

Some of the major players functioning in the water storage systems industry include:

• CST Industries, Inc.
• ZCL Composites, Inc.
• Synalloy Corporation
• AG Growth International Inc.
• Grupo Rotoplas S.A.B. De C.V.
• Mcdermott International, Inc.
• BH Tank
• Fiber Technology Corporation
• Caldwell Tanks
• Containment Solutions Inc.
• Maguire Iron Inc.
• Snyder Industries
• Crom Corporation
• Tank Connection
• Contain Enviro Services Ltd.
• HMT LLC
• DN Tanks
• Hendic Bv
• Sintex Plastics

Regional Insights

In terms of geographies, the Asia-Pacific region will lead the market in terms of market share, while the region will grow at the highest rate in the next five years. China, Japan, India, and Australia are key growth countries.

water storage systems market growth primarily being pushed by stepped up government efforts at water conservancy along with the rapidly growing industrial, commercial and residential developments in some of the emerging economies of the region. Besides, North America and Europe are likely to provide notable growth opportunities during the forecast period.

Recent Developments

• In November 2023, CST Industries Inc. and Amoy Diagnostics Co., Ltd. expanded their current relationship in China to develop companion diagnostics.

• Prayag announced in January 2022 that the new super strong and rugged water tank that emphasizes technology and innovations has been subject to extreme testings and is almost unbreakable. These tanks have been designed using the latest in Rotomoulding technology and feature strong corners, while ribs have also been added for added strength.

• McDermott International Inc. received a "limited notice to proceed" from Shell Trinidad and Tobago Limited for an engineering, procurement, construction, and installation (EPCI) contract for the Manatee gas field development project located off Trinidad and Tobago's east coast in November 2023.

Segments Covered in the Report

By Material

• Steel
• Fiberglass
• Concrete
• Plastic
• Others

By Application

• Hydraulic Fracture Storage & Collection
• Onsite Water & Wastewater Collection
• Portable Water Storage Systems
• Rainwater Harvesting & Collection

By End-Use

• Residential
• Commercial
• Industrial
• Municipal
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa