Forecast
Period
|
2023-2028
|
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
The water tank treatment market in UAE has problems such as high cost of
sophisticated technology, lack of understanding about water tank management,
and water tank maintenance. One of the most common concerns associated with
storage tanks is the accumulation of sand or silt. In some situations, this can
be decreased by putting a filter at the storage tank's entry, but in many
others, this is more expensive and less viable than just draining and cleaning
the storage tank every few years. The operational costs for installation may
also be a big barrier for the water tank industry affecting the market's growth
rate.
