South Africa Water Tank Market is Expected to Register a Steady CAGR During the Forecast Period, 2024-2028
Rising
water consumption and building sector growth will boost the South Africa Water
Tank Market in the predicted years, 2024-2028.
According to TechSci Research report, “South Africa Water Tank Market- By Region, Competition
Forecast & Opportunities, 2028F,” South Africa Water Tank Market is projected
to grow at a robust rate in the forecast period owing to growing population,
aging water infrastructure, and increased government initiatives towards water
storage tank implementations, etc. The South Africa water tank market has a
bright future, with potential in the commercial, municipal, industrial, and
residential sectors. The National Water Resources Strategy (NWRS) is a
five-year plan designed to ensure equitable access to water resources across
all regions, and its implementation has led to the increased use of water tanks
for storing water. In addition, the government is promoting the investment in
water tanks for industrial and domestic usage. The availability of low-cost
water tanks is also fueling the growth of the market. Rapid industrialization and urbanization, because
of South Africa population expansion, is also supporting industry growth.
Furthermore, the exponential expansion in building activities across the
country is expected to boost market growth during the projected period.
Furthermore, leading market players' increased focus on developing various
types of tanks and is expected to move the industry forward, throughout the
projected period.
South Africa's growing population needs higher
water use. The country’s freshwater use has increased, prompting it to look for
alternatives. The country has one of the world's fastest population growth
rates. Furthermore, the average daily per capita water use is roughly 24%.
Water is required in all agricultural, industrial, commercial, and residential
sectors. It has resulted in a 30% rise in overall water usage in recent years.
The country's current water storage capacity is insufficient to satisfy
escalating demand. To satisfy the country's needs, the installation of water
tanks should be enhanced, and this will happen in the projected period.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "South Africa Water Tank Market.”
The market is segmented into product, raw material,
size, application, region and competitive landscape. Based on product, the South
Africa Water Tank Market is segmented into Plastic, Concrete, Metal, Fiber
Glass, Others. Based on Raw Material, the South Africa Water Tank Market is
segmented into LLDPE (Linear Low-Density Polyethylene), HDPE (High Density
Polyethylene), Stainless Steel, Cement, Others.
Based on Size, the South Africa Water Tank Market
is segmented into Cylindrical, Rectangular, and Others.
Based on Application, the South Africa Water Tank
Market is segmented into Commercial, Residential, Municipal, and Industrial.
On the basis of the product, the fiber glass segment
will grow at the fastest rate in the forecast period. The growing demand for energy-efficient
and sustainable buildings is also driving the demand for fiberglass in the
country.
Based on region, the market is divided into
Gauteng, KwaZulu-Natal, Western Cape, Eastern Cape, Mpumalanga, Limpopo, North
West, Free State, Northern Cape.
Key
market players in the South Africa Water Tank Market include:
- 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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“The usage of water tanks in a variety of
industries including commercial, agricultural, aquaculture, and households is
driving the South African water tank industry. The water tank market in South
Africa is competitive, with numerous manufacturers and suppliers offering a
wide range of products. Customers have options in terms of tank sizes, shapes,
materials, and additional features, allowing them to choose the most suitable
solution for their needs. This growing demand has caused a steady increase in
sales of these tanks, leading to the industry's expansion. Moreover, the rising
utilization of water tanks to store underground water for the purpose of
conservation could further contribute to the market growth during the forecast
period of 2024-2028. The high-quality water tank facilities offered in South
Africa can help to both save and conserve water, providing further impetus to
the South African Water Tank market.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“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, Industrial), By Region, Competition Forecast &
Opportunities, 2028F,” has evaluated
the future growth potential of South Africa Water Tank Market and provides
statistics & information on market size, structure, and future market
growth. The report's goal is to give current market knowledge and assist decision
makers in making informed investment decisions. Furthermore, the study
identifies and analyzes emerging trends, as well as key drivers, challenges,
and opportunities in the South Africa Water Tank Market.
Contact
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