UAE Water Tank market is expected to register a steady CAGR during the forecast period 2024-2028
Increased demand for water
tanks in the agriculture and infrastructure sectors propels the UAE water tank
market during the forecast period.
According to
TechSci Research report, UAE Water Tanks Market, By Region,
Competition, Forecast & Opportunities, 2018-2028F. Increasing population, ageing water
infrastructure, and rising government initiatives toward water storage tank
deployment, and other factors are driving the UAE water tanks market. The UAE
water storage tank business has a promising future, with applications in
commercial, municipal, industrial, and residential sectors.
According to
government statistics, the country needs a water tank solution across the
country because it is a desert country with no natural rivers or lakes to
acquire water. The UAE populace is anticipated to face severe water shortages soon.
Because of rising concern over the use of conventional water due to a lack of
drinking water in many areas, the UAE market for water storage tanks has grown
across the nation.
Rapid
industrialization and urbanization are also assisting industry growth because
of UAE population increase. Furthermore, the rapid development of construction
activities across the country is likely to drive market growth during the
forecast period. Furthermore, the growing emphasis of leading market players on
creating various types of tanks for specific new applications is predicted to
propel the industry forward throughout the forecast period.
The UAE's
rising population necessitates increased water use. The state's freshwater use
has skyrocketed, leading the whole state to seek alternatives. The country has
one of the highest population growth rates in the world. Furthermore, the
average daily per capita water use is around 17-20%. All agricultural,
industrial, commercial, and residential sectors require water. In recent years,
it has resulted in a significant increase in overall water use. The country's
present water storage capacity is insufficient to meet the country's rising
demand. To meet the country's demands, the installation of water tanks should
be increased, which will happen within the estimated time.
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XX market data Figures spread through XX Pages and an in-depth TOC on the "UAE Water Tank Market”
The market
is segmented into product, raw material, size, and applications. Based on
products, the UAE Water Tank Market is segmented into plastic, concrete, metal,
fiber glass, and others. Based on raw material, the UAE Water Tank Market is
segmented into LLDPE (Linear Low Density Polyethylene), HDPE (High Density
Polyethylene), stainless steel, cement, and others.
Based on size,
the UAE Water Tank Market is segmented into cylindrical, rectangular, and others.
Based on applications,
the UAE Water Tank Market is segmented into commercial, residential, municipal,
and industrial.
Based on Product,
fiber glass market is going to be fastest growing market in future as usage of
fibre glass is rapidly increasing in the current scenario.
Key
market players in the UAE Water Tank Market include:
- 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
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“The expansion of the water tank market
is linked to the increased demand for potable water in the whole UAE region
because of population growth. A water tank is a necessary component in
households and institutional settings to ensure a constant supply of water
throughout the day.. The use of water tanks in fields such as construction,
agriculture, and aquaculture has resulted in steady sales of water tanks all
over the world, paving the way for the expansion of the water tanks business.
However, the problem of water safety in plastic water tanks continues to be a
key impediment for the UAE market, as most plastic tanks are known to alter the
qualities of the water they contain. The better water tank facilities in UAE
may have a positive impact on both water saving and water loss, propelling the
UAE Water Tank market from 2024 to 2028,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
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, 2028F has evaluated the future growth potential of UAE 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 analyses emerging trends, as well as key drivers, challenges, and opportunities in the UAE Water Tank Market.
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