UAE Water Tanks 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, Industrial), By Region, Competition, Forecast & Opportunities, 2018-2028

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Water and Waste Management | Format: Report available in PDF / Excel Format

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UAE Water Tanks 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, Industrial), By Region, Competition, Forecast & Opportunities, 2018-2028

Forecast Period2024-2028
Market Size (2022)USD 247.67 Million
CAGR (2023-2028)8.48%
Fastest Growing SegmentFiberglass
Largest MarketDubai

MIR Water and Waste Management

“UAE Water Tank Market is anticipated to grow at a steady CAGR during the forecast period of 2024-2028." A water storage tank is a vessel that holds water for both domestic and commercial usage. Water storage tanks come in a range of sizes and styles. They can be horizontal, vertical, or underground, and can be made from stone, concrete, fibreglass, plastic, or any combination of these materials. Corrosion, bacterial growth, and leakage are all potential threats to the water tank.

Water tanks can readily store large volumes of water for use in a range of applications, including drinking water, irrigated agriculture, fire suppression, chemical manufacturing, and food preparation. Polypropylene or polyethylene materials are commonly employed in their manufacture. They take less space on the floor than cement tanks. The most popular materials used to manufacture water tanks for home or commercial use are polyethylene, steel, or fibre glass. UAE is one of the world's most water-stressed countries., which is why the country's need for water tanks is expected to rise in the next years.

Growing Population and consumption of water in the UAE region.

The need for water in the region is growing due to the state's expanding population and use of water as local sources of water have dried up, thus the local authority requires massive storage tanks to keep the water that is utilised for important functions. Consumption rises as the population grows. Considering the need for water usage in the UAE, a substantial volume of Water Tank is being produced, fuelling growth in the Water Tank Market.

Government authorities focusing on water conservation.

Since water scarcity has become a major worry in the UAE, the government has taken essential steps to solve the problem. The government has taken great steps to develop water storage across the kingdom, including social measures. Given the remote locations, severe weather, environmental regulations, health, and safety issues, treating this water effectively, and consistently is crucial. The government is more concerned about water conservation, and local governments help enterprises build water storage tanks in their localities. This has a positive impact on the UAE Water Tank Market growth.

UAE Water Tank Market Challenges

Market Segments


MIR Segment1

UAE Water Tank Market

Market Players

, Al Murjan Star General Trading LLC (gooxoom), Cochin Steel LLC, Dubai Polymer L.L.C,

Recent Developments

In Dec 2022,

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Product

Raw Material

Size

Application

Region

Regional scope

Dubai, Abu Dhabi, Sharjah, Rest of UAE

Key companies profiled

Alwafaa Group (Fibre Concepts), Al Murjan Star General Trading LLC (gooxoom), Cochin Steel LLC, Dubai Polymer L.L.C, Gulf Specialized Works Company, Reem Al Falaj Trading Co, Al Halabi Tanks Factory, Al Shamsi Group of Industries, Grp Tanks Trading LLC, Pioneer Water Tanks

Customization scope

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