India Water Tanks Market By Product (Plastic, Metal, Fiber Glass, Concrete, and Others), By Raw Material (HDPE, LLDPE, Stainless Steel, Cement, and Others), By Water Storage Capacity (1000-5000 liter, 501-1000 liter, Up to 500-liter, 5000-15000 liter, 15000-100000 liter, and Above 1,00000 liter), By Shape (Cylindrical, Rectangular, Square, and Others), By Application (Residential, Commercial, Indu
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 CustomizationIndia Water Tanks Market By Product (Plastic, Metal, Fiber Glass, Concrete, and Others), By Raw Material (HDPE, LLDPE, Stainless Steel, Cement, and Others), By Water Storage Capacity (1000-5000 liter, 501-1000 liter, Up to 500-liter, 5000-15000 liter, 15000-100000 liter, and Above 1,00000 liter), By Shape (Cylindrical, Rectangular, Square, and Others), By Application (Residential, Commercial, Indu
India water tanks market was valued at USD 1,199.33 million in 2023 and is anticipated to project robust growth during the forecast period with a CAGR of 12.08% owing to the following factors such as rising construction activities, increasing focus on wastewater management, and growing demand for plastic water tanks.
A water tank is a container used for storing water for many applications such as agriculture farming, drinking purpose, fire suppression, food preparation, and chemical manufacturing. Moreover, water tanks are found at in many shapes and sizes. They can be cylindrical, rectangular, underground and potable, and can be made from plastic, steel, fiberglass, stone, or concrete. Water tank leakage and corrosion as well as bacterial growth are threats to the tank.
Rising Construction Activities
The major sectors that fall under the Indian construction industry are residential, commercial, industrial, infrastructure construction, and institutional construction. All these sectors seem to have grown during the forecast period owing to the factors such as the Indian government's focus on the development of infrastructure construction through focused policies, including open FDI norms, large budget allocation, and the smart city mission. Hence, with the growing construction activities, the demand for water tanks is also increasing because water tank is the major product that is used during and after the construction for many purposes, including drinking water, harvesting rainwater, storing stock water for later use, and providing additional water sources for plumbing apart from the water main.
Other Major Investments/Policies in the Construction Industry launched by the Indian Government
- The FDI cap for real estate projects in special
economic zones (SEZs) has raised to 100%.
- It is anticipated that the real estate market in
India will generate USD 1 trillion in revenue by 2030 and make up 13% of
the country's GDP by 2025.
- The mission of smart cities is to advance urban
areas that offer basic services, fair living conditions for residents, a
healthy environment, and the use of smart technologies.
Increasing Focus on Wastewater Management
In many areas of India, water shortages have been a persistent issue. According to the Centre for Science and Environment, over 10% of Indians experience severe or acute water scarcity. The issue is exacerbated by a lack of access to safe drinking water, insufficient sanitary infrastructure, ineffective management of urban resources, and a lack of knowledge about water conservation. To address this issue, the Indian government is improving water infrastructure (groundwater wells, dams, storage tanks, pipelines, etc.), which will not only help to minimize the amount of clean water squandered but also the number of people who are continually looking for clean water on a daily basis. In addition, the government implements on-site systems under Urban Wastewater Management (UWM) to collect sludge, water tanks, and wastewater near the toilet in a pit. As a result of the growing wastewater management operations taking place all throughout the country, the need for water tanks is anticipated to rise in the near future.
Major Wastewater Management Initiatives/Schemes/Goals
Sustainable Development Goals (SDG) target 6.3 is focused on wastewater, which aims to halve the proportion of untreated wastewater discharged into the water bodies and substantially increase recycling and safe reuse globally.
In October 2021, under the Swachh Bharat Mission (Urban) 2.0, INR15883 crore (USD 193.47) was allocated to States/UTs for wastewater/used water management, including the setting up of STPs and FSTPs (fecal sludge treatment plants).
Rising Demand for Plastic Water Tanks
Plastic water tanks are replacing steel, aluminum, and wooden tanks because they are lightweight, non-corrosive, have a high burst strength, and have a low initial cost. Plastic tanks are increasingly being used in housing, oil industries, chemical industries producing acids, alkalies, and other chemicals, and gas producing industries, where they are filled under high pressure. Moreover, as water supply tanks are used for domestic purpose in the residential sector due to which, they are found in every modern home, flat, and building. Every house built today has water storage tanks. Plastic tanks are the best option. The consumption of plastic water tanks is linked with housing development. Thus, there exist ever-increasing demand for plastic water tanks commensurate with the development of housing both in rural and urban areas and in industries.
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Market Segmentation
The India water tanks market is segmented into product, raw material, water storage capacity, shape, application, and region. Based on product, the market is segmented into plastic, metal, fiber glass, concrete, and others. Based on raw material, the market is segmented into HDPE, LLDPE, stainless steel, cement, and others. Based on water storage capacity, the market is segmented into 1000-5000 liter, 501-1000 liter, Up to 500-liter, 5000-15000 liter, 15000-100000 liter, and above 1,00000 liter. Based on shape, the market is segmented into cylindrical, rectangular, square, and others. Based on application, the market is segmented into residential, commercial, industrial, and municipal. Based on region, the market is segmented into South India, North India, West India, and East India.
Market Players
- Supreme Industries Ltd., Vectus Industries Ltd., R C Plasto Tanks and Pipes Private Limited, Ashirvad Pipes Private limited, Prabh Dayal Om Parkash Infrastructure Pvt. Ltd, Shubham Tanks And Liners Pvt Ltd, Frontier Polymers Pvt. Ltd, Beltecno India Pvt. Ltd., Indraprastha Industries Ltd, Carris Pipes And Tubes Pvt Ltd, and Welspum Corp Limited are some of the market players of the India water tanks market.
|
Attribute |
Details |
|
Market Size Value in 2023 |
USD 1,199.33 million |
|
Revenue
Forecast in 2029 |
USD 2,328.82
million |
|
Volume Forecast in 2029 |
6,823.78 thousand Units |
|
Growth
Rate |
12.08% |
|
Base Year |
2023 |
|
Historic
Data |
2019 – 2022 |
|
Estimated Year |
2024 |
|
Forecast
Period |
2025 – 2029 |
|
Quantitative Units |
Revenue in USD Million, Volume in
Thousand Units and CAGR for 2019-2023 and 2024-2029 |
|
Report
coverage |
Revenue forecast,
company share, growth factors, and trends |
|
Segments covered |
By Product By Raw Material By Water Storage Capacity By Shape By Application By Region |
|
Regional
Scope |
North, West,
South, East |
|
Key companies profiled |
Supreme Industries
Ltd., Vectus Industries Ltd., R C Plasto Tanks and Pipes Private Limited,
Ashirvad Pipes Private limited, Prabh Dayal Om Parkash Infrastructure Pvt.
Ltd, Shubham Tanks And Liners Pvt Ltd, Frontier Polymers Pvt. Ltd, Beltecno
India Pvt. Ltd., Indraprastha Industries Ltd, Carris Pipes And Tubes Pvt Ltd,
and Welspum Corp Limited |
|
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) |
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