South Africa Water Tank Market By Product (Plastic, Concrete, Metal, Fiber Glass, Others), By Raw Material (LLDPE, HDPE, Stainless Steel, Cement, Others), By Size (Cylindrical, Rectangular, Others), By Application (Commercial, Residential, Municipal, and Industrial), By Region, Competition Forecast & Opportunities, 2028F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Water and Waste Management | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSouth Africa Water Tank Market By Product (Plastic, Concrete, Metal, Fiber Glass, Others), By Raw Material (LLDPE, HDPE, Stainless Steel, Cement, Others), By Size (Cylindrical, Rectangular, Others), By Application (Commercial, Residential, Municipal, and Industrial), By Region, Competition Forecast & Opportunities, 2028F
South Africa Water Tank market is anticipated to register a steady CAGR during the forecast period, 2024-2028. A water tank is a vessel used for keeping water for a variety of purposes, whether domestic, industrial, or commercial. Constructed from a variety of materials including stone, concrete, fibreglass, and plastic, water tanks may come in a range of sizes and designs, such as vertical, horizontal, and subterranean. However, these tanks are not without risk; corrosion, bacterial growth, and leaks can occur, leading to losses of water or contamination of the stored water. Therefore, the tank must be regularly inspected and maintained to keep it in good condition and ensure a reliable and safe water source for its users. Large amounts of water may be conveniently stored in water tanks for use in a variety of purposes, including drinking water, agriculture, fire suppression, chemical manufacturing, and food preparation. Polypropylene or polyethylene materials are typically used to make them. South Africa is one of the most water-stressed countries in the world, which is why there has been an increased demand for water tanks in recent years. Water tanks are ideal solutions to store, collect and conserve precious water, and are found at in many different designs, sizes, and materials. The most common materials used to make these tanks are polyethylene, steel, and fiber glass, and range in size from 200 liters to more than 10,000 liters. They are also advantageous as they take up less space compared to cement tanks.
Given the water shortages in South Africa, these tanks are proving to be invaluable in allowing households and organizations to conserve and collect water. With an extreme water shortage threshold of 500 cubic meters per capita, installing water tanks is an effective and necessary way of giving South Africans greater control and access to precious water reserves.
Growing Population and Consumption of Water in the country
The growing population and increasing water consumption in South Africa are key drivers for the growth of the water tank market in the country. As the population expands, there is a greater demand for water to meet various needs, including domestic, commercial, and agricultural purposes. However, South Africa is facing challenges related to water scarcity and the need for sustainable water management. In this context, water tanks play a crucial role in ensuring a reliable and efficient water supply. Firstly, the rising population in South Africa leads to higher water demand. Moreover, urbanization, industrialization, and agricultural activities all contribute to increased water consumption. As more people settle in cities and towns, the strain on water resources intensifies. Water tanks provide a practical solution by allowing individuals and businesses to store water for future use. This reduces dependence on the limited municipal water supply and helps meet the growing demand. Secondly, water scarcity is a significant concern in South Africa. Certain regions face recurring droughts and insufficient rainfall, resulting in water shortages. This necessitates the adoption of effective water storage and conservation strategies. Water tanks are instrumental in collecting and storing rainwater, mitigating the impact of water scarcity. By capturing and storing rainwater, individuals and communities can supplement their water supply during dry periods, reducing the strain on municipal sources. Thirdly, there is an increasing emphasis on sustainable water management practices in South Africa. With growing environmental awareness, individuals and organizations are recognizing the importance of responsible water usage. Rainwater harvesting systems, coupled with water tanks, enable the collection and storage of rainwater for various purposes. This promotes water conservation, reduces reliance on traditional sources, and supports sustainable development.
Moreover, the South African government is actively involved in addressing water challenges and promoting sustainable water management. Through incentives and regulations, the government encourages the adoption of rainwater harvesting systems and water tanks. These measures create a favorable environment for investment and drive the growth of the water tank market. Lastly, as South Africa continues its infrastructure development, water tanks play a vital role in meeting water supply needs. Whether it is for construction purposes or ongoing water usage in residential and commercial buildings, water tanks provide a practical solution for storing water.
Government Authorities Focusing on Water Conservation
Since water scarcity becomes major problem in South Africa, the government has taken crucial steps to overcome water scarcity issues. Government authorities play a crucial role in shaping policies and regulations related to water conservation. By implementing measures that incentivize and promote water-saving practices, such as rainwater harvesting and the use of water tanks, they create a favourable environment for the growth of the water tank market. These policies can include subsidies, tax incentives, or rebates for individuals or businesses that invest in water storage systems.
Government authorities have the power to raise awareness about water scarcity and the importance of water conservation. By launching educational campaigns and providing information on the benefits of using water tanks, they can drive the demand for these products. Such initiatives can help individuals and communities understand the value of collecting and storing rainwater for various purposes, including irrigation, sanitation, and non-potable uses. Government authorities are often responsible for infrastructure development projects. By incorporating the use of water tanks into building codes and regulations, they can ensure that new structures are equipped with efficient water storage systems. This not only helps to conserve water but also reduces the strain on municipal water supplies, particularly in areas where water scarcity is a concern.
In summary, government authorities focusing on water conservation can drive the water tank market in South Africa by implementing favourable policies, raising awareness, incorporating water tanks into infrastructure development, setting examples in public buildings, and promoting sustainable water resource management. By emphasizing the importance of water conservation and providing support and incentives, they create a conducive environment for the adoption and growth of the water tank market.
South Africa Water Tank Market Challenges
In South Africa, the water tank treatment market has challenges such as the high cost of intensive technology, lack of awareness about water tank management, and maintenance of water tanks. The collection of sand or silt in storage tanks is one of the most typical problems connected with storage tanks. This can be reduced in certain circumstances by installing a filter on the storage tank's entrance. However, in many cases, this is more expensive and less feasible than just draining and cleaning the storage tank every few years. The operating cost for installation also could be a major challenge for the water tank market affecting the growth rate of the market.
Market Segments
Market Players
Major market players of South Africa Water Tank Market are RotoTank
Recent Developments
In Feb 2022, RotoTank is a leading manufacturer of the largest tanks in Africa, with the 40 000-litre water tank currently being the largest on the market. With 35 years of experience in the manufacturing of rotationally moulded tanks, the company is owner-driven and provides a tailored approach to meeting its clients’ requirements through continual research and development. This level of experience and commitment to excellence makes RotoTank the leading supplier of large tanks in the region.
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, and CAGR for
2018-2022 and 2023-2028 |
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Report coverage |
Revenue forecast, company
share, growth factors, and trends |
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Segments covered |
Product Raw Material Size Application Region |
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Regional scope |
Gauteng, KwaZulu-Natal, Western
Cape, Eastern Cape, Mpumalanga, Limpopo, North West, Free State, Northern
Cape |
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Key companies profiled |
RotoTank, Amptex Projects, SBS WATER
SYSTEMS (PTY) LTD, Afripumps - Pty Ltd, Metal Tank Industries (Pty) Ltd, Jojo
Tanks, Rainbow Reservoirs, JMB Water Storage Solution, Tizagenix (Pty) Ltd, K
R M PLASTICS (WATERTANKS) (PTY) LTD, Savanna Tanks (Pty) LTD |
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Customization scope |
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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