Forecast Period | 2024-2028 |
Market Size (2022) | USD 247.67 Million |
CAGR (2023-2028) | 8.48% |
Fastest Growing Segment | Fiberglass |
Largest Market | Dubai |
“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
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 – 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
|
10% free report customization
with purchase. Addition or alteration to country, regional & segment
scope.
|
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)
|