LONDON, Oct. 5, 2016 /PRNewswire/ -- The North America water storage systems market is
projected to reach USD 4.14 billion
by 2020
The North America water storage
systems market is projected to reach USD
4.14 billion by 2020, registering a CAGR of 9.1% between
2015 and 2020. The growth is attributed to the growing population,
growing demand for water, depleting freshwater resources, and
urbanization in the region.
Hydraulic fracture storage and collection is the largest
application segment
The hydraulic fracture process in oil and gas extraction uses a
huge amount of water, which becomes largely contaminated. Strict
environmental rules stipulate the treatment of this wastewater
before being released back into the environment. Water storage
systems are used to store wastewater for treatment purpose. The
growing oil & gas activities and the scarcity of clean water
are factors driving the market of water storage systems in the
hydraulic fracture and collection application.
Municipal is the dominating end-use segment of the North America water storage systems
market
Municipal water storage systems include large storage tanks that
are meant for the distribution of water to various cities or towns.
They help meet the growing water demand for day-to-day activities.
This makes it the largest end-use segment in the North America water storage systems market.
Growing population and rapid urbanization are factors driving the
demand of water storage systems in the municipal end-use
segment.
Breakdown of profile of primary participants:
- By Company Type: Tier 1 - 59%, Tier 2 - 21%, and Tier 3 - 20%
- By Designation: Manager level - 69%, Director Level - 31%
- By Country: U.S. - 47%, Mexico -
32%, Canada - 21%
As a part of qualitative analysis, the report provides a
comprehensive review of major market drivers, restraints,
opportunities, and challenges. It also profiles different market
players, such as ZCL Composites Inc. (Canada), Synalloy Corporation (U.S.), AG
Growth International Inc. (Canada), Chicago Bridge & Iron Company
N.V. (The Netherlands), BH Tank,
Inc. (U.S.), Caldwell Tanks, Inc. (U.S.), CST Industries, Inc.
(U.S.), Snyder Industries, Inc. (U.S.), and others.
Reasons to buy this report:
This report covers the following key aspects:
- What will be the market size by 2020 and what will be the growth
rate
- What are the key market trends
- What is driving this market
- What are the challenges that impact market growth
- Who are the key players in this market
- Regional report covers key countries, such as U.S., Canada, and Mexico
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