India Stainless Steel Water Tanks Market to be Led by Cylindrical Tanks
The increasing demand for safe and healthy drinking water is
likely to propel the India stainless steel water tanks market during the forecast
period.
According to TechSci Research report, “India Stainless Steel Water Tanks Market – By Region, Competition Forecast &
Opportunities, 2029, the stainless steel water tanks market in India is
expected to see considerable growth during the forecast period. The increasing
adoption and installation of stainless steel water tanks are ascribed to the
increasing population across the country and the following growing demand for
potable water storage. A stainless steel water tanks are a requirement in residential
and in commercial applications including construction, aquaculture, and
agriculture, where continuous supply of water is needed throughout the day,
which in turn, drives the demand for stainless steel water tanks around the
country. Increasing demand for portable and underground water storage is
providing huge opportunities to expand the stainless steel water tank market in
the near future.
Moreover, stainless steel water tanks that are developing
extremely popular across the country are an excellent alternative to plastic
tanks. Unlike plastic tanks, it is extremely easy to clean stainless steel
tanks. As they are food grade, the quality of the water that is stored in them
is not negotiated. Moreover, chemicals or other toxins do not get mixed with
the water. Besides, these tanks do not allow sunlight to penetrate. So, fungus
and mold do not grow inside the tank. These metal tanks are environmentally
friendly too. Stainless steel could be recycled for up to 80%. Hence, due to
all these factors the demand for stainless steel water tanks is likely to grow
during the forecast period.
Furthermore, large investment funds are required primarily
that may inhibit small and medium-scale industries (SMEs) from investing in
installing stainless steel water tanks. Moreover, low-income group residents
cannot permit this investment for their houses, which is also a key factor that
can hamper the development of the Indian stainless steel water tanks market in
the coming years.
Browse over XX market data Figures spread through 80 Pages
and an in-depth TOC on the "India Stainless Steel Water Tanks Market.”
The India stainless steel water tanks Market is segmented
into type, water storage capacity, shape,
application, and region. Based on type, the market is segmented into duplex
stainless steels and ferritic stainless steels. Based on water storage
capacity, the market is segmented into Up to 500 liters, 501-1000 liters,
1000-5000 liters, 5000-15000 liters, 15000-100000 liters, and above 1,00000 liters.
Based on shape, the market is segmented into cylindrical, rectangular, square,
and others. Based on application, the market is segmented into commercial,
residential, municipal, and industrial. Based on region, the market is
segmented into North, South, East, and West.
Based on application, the municipal segment is expected to
dominate in the India stainless steel water tanks market. A regular user of the
stainless steel water tank is the municipality, they are accountable for the allocation
and supply of water to towns, cities, and domestic and public service
enterprises. The enormous distribution network of municipalities involves water
storage systems to store as well as transport water when needed. Growing
population and urbanization have led the municipal to be a prominent user of stainless
steel water tanks.
Based on shape, cylindrical is expected to dominate in the
India stainless steel water tanks market as the cylindrical shape has the most homogeneous
stress distribution capacity, which makes it ideal for water storage space. The
water distributed from this sort of reservoir can undoubtedly reach through
sources, such as pipes to diverse outlets. Moreover, the cylindrical shape of
the reservoir makes it easy to clean and maintain. Further, this type of water
storage container does not need any special or additional base where you can
install them. It can easily put them on the ground or keep them on a flat
platform at a certain height to receive perfect water pressure.
Major market players operating in the India stainless steel
water tanks market are:
- CST Industries, Inc.
- Sintex Plastics Technology Ltd.
- Shubham Acqualink (India) Pvt. Ltd.
- UIG Water Tanks India Pvt Ltd.
- Joemillars Aquatek India (P) Ltd.
- Frontier Polymers Pvt. Ltd.
- Beltechno India Pvt. Ltd.
- Indraprastha Aqua Solution
- Jindal Plast (INDIA)
- Shree Balaji Polymer
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“Rise in concerns about conventional water usage due to the
shortage of potable water across the country is driving the India stainless
steel water tanks market. An increase in construction and industrialization
activities is anticipated to fuel the demand for stainless steel water tanks in
the country as well.
Stainless steel water tanks are used in emergency water
storage, well water storage systems, livestock watering applications,
irrigation systems, and agricultural watering. Furthermore, the necessity of
treated, recycled, and freshwater for various purposes in the industrial and
commercial sectors, particularly in refineries, is propelling the demand for stainless
steel water tanks in India, aiding the market significantly,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
India Stainless Steel Water Tanks Market By Type (Duplex
Stainless Steels, Ferritic Stainless Steels), By Water Storage Capacity (Up to
500 Liters, 501-1000 Liters, 1000-5000 Liters, 5000-15000 Liters, 15000-100000
Liters, and Above 1,00000 Liters), By Shape (Cylindrical, Rectangular, Square, and
Others), By Application (Commercial, Residential, Municipal, and Industrial),
By Region, Competition, Forecast & Opportunities, 2029 has evaluated the future growth potential of India stainless
steel water tanks market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the India stainless
steel water tanks market.
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