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North America Fire Protection Water Storage Tanks Market: By Material Type: Steel, Fibreglass, Others; By Coating Type: Epoxy, Glass-Fused-to-Steel, Others; By Size: 100,000-250,000 Gallons, 50,000-100,000 Gallons, Others; By Application; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
North America Fire Protection Water Storage Tanks Market Outlook
The North America fire protection water storage tanks market attained a value of about USD 280.99 million in 2023. The market is further expected to grow at a CAGR of 12% in the forecast period of 2024-2032 to reach a value of approximately USD 779.27 million by 2032.
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The market in the North America region is gaining traction owing to its rapid technological advancements within the region. The market expects promising growth in the region within several sectors, such as commercial, municipal, industrial, and residential. Due to increased disposable incomes and advanced lifestyles of people, the market has witnessed a strong growth and will continue observing expansion in the forecast period.
Market Segmentation
Water storage tanks mainly assist in supplying water to fire sprinkler systems, in part or in whole. These comprise of warehouses with high-piled storage, aircraft hangars, and high-rise buildings situated in earthquake-prone areas that require a secondary water supply. Fire departments use fire suppression storage tanks that have a dedicated location for a specified volume of water to supplement or act as the key source of water during fire suppression.
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The market is divided on the basis of material type into:
- Steel
- Fibreglass
- Others
Steel is further divided on the basis of type into steel welded, and steel bolted.
Based on coating type, the industry is segmented into:
- Epoxy
- Glass-Fused-to-Steel
- Others
On the basis of size, the industry is divided into:
- 100,000-250,000 Gallons
- 50,000-100,000 Gallons
- 25,000-50,000 Gallons
- >250,000 Gallons
- <25,000 Gallons
On the basis of application, the industry is segregated into:
- Commercial
- Industrial
- Residential
The commercial application sector is divided on the basis of type into large warehouses, shopping centres, hospitals, office buildings, and others.
The regional markets for the product include the United States and Canada.
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Market Analysis
The fire protection water storage tanks market in North America is driven by technological advancements and product innovation in the industry. The product is cementing its hold in the region as it is gaining prominence in several sectors. Further, owing to advanced technology, the market has introduced enhanced products, which are more flexible, more durable, and cost-efficient in comparison to original products. The market is further expected to witness a significant impact in the forecast period due to the construction of warehouses, hotels, and offices in the North America region. The fire protection water storage tanks are used to supply water in critical situations like fire in the unit or building, especially in places that have scarce water supply or not connected to a municipal supply. Thereby, resulting in a strong growth of the market within North America, as the region has increased urbanisation and industrialisation, further increasing the likelihood of such mishaps requiring fire protection water storage tanks.
Competitive Landscape
The report gives a detailed analysis of the following key players in the North America fire protection water storage tanks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Superior Tank Co., Inc.
- Tank Connection
- T.F. Warren Group
- CST Industries
- National Storage Tank
- Fisher Tank Company
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
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| Breakup by Coating Type |
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| Breakup by Size |
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| Breakup by Application |
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| Breakup by Country |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fire Protection Water Storage Tanks Market Overview
8.1 Key Industry Highlights
8.2 Global Fire Protection Water Storage Tanks Historical Market (2018-2023)
8.3 Global Fire Protection Water Storage Tanks Market Forecast (2024-2032)
9 North America Fire Protection Water Storage Tanks Market Analysis
9.1 Key Industry Highlights
9.2 North America Fire Protection Water Storage Tanks Historical Market (2018-2023)
9.3 North America Fire Protection Water Storage Tanks Market Forecast (2024-2032)
9.4 North America Fire Protection Water Storage Tanks Market by Material Type
9.4.1 Steel
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.1.3 Breakup by Type
9.4.1.3.1 Steel Welded
9.4.1.3.2 Steel Bolted
9.4.2 Fibreglass
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 Others
9.5 North America Fire Protection Water Storage Tanks Market by Coating Type
9.5.1 Epoxy
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Glass-Fused-to-Steel
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Others
9.6 North America Fire Protection Water Storage Tanks Market by Size
9.6.1 100,000-250,000 Gallons
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 50,000-100,000 Gallons
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 25,000-50,000 Gallons
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
9.6.4 >250,000 Gallons
9.6.4.1 Historical Trend (2018-2023)
9.6.4.2 Forecast Trend (2024-2032)
9.6.5 <25,000 Gallons
9.6.5.1 Historical Trend (2018-2023)
9.6.5.2 Forecast Trend (2024-2032)
9.7 North America Fire Protection Water Storage Tanks Market by Application
9.7.1 Commercial
9.7.1.1 Historical Trend (2018-2023)
9.7.1.2 Forecast Trend (2024-2032)
9.7.1.3 Breakup by Type
9.7.1.3.1 Large Warehouses
9.7.1.3.2 Shopping Centers
9.7.1.3.3 Hospitals
9.7.1.3.4 Office Buildings
9.7.1.3.5 Others
9.7.2 Industrial
9.7.2.1 Historical Trend (2018-2023)
9.7.2.2 Forecast Trend (2024-2032)
9.7.3 Residential
9.7.3.1 Historical Trend (2018-2023)
9.7.3.2 Forecast Trend (2024-2032)
9.8 North America Fire Protection Water Storage Tanks Market by Country
9.8.1 United States
9.8.2 Canada
10 Regional Analysis
10.1 United States
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canada
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Superior Tank Co., Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Tank Connection
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 T.F. Warren Group
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 CST Industries
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 National Storage Tank
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Fisher Tank Company
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fire Protection Water Storage Tanks Market: Key Industry Highlights, 2018 and 2032
2. North America Fire Protection Water Storage Tanks Market: Key Industry Highlights, 2018 and 2032
3. North America Fire Protection Water Storage Tanks Historical Market: Breakup by Material Type (USD Million), 2018-2023
4. North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Material Type (USD Million), 2024-2032
5. North America Fire Protection Water Storage Tanks Historical Market: Breakup by Coating Type (USD Million), 2018-2023
6. North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Coating Type (USD Million), 2024-2032
7. North America Fire Protection Water Storage Tanks Historical Market: Breakup by Size (USD Million), 2018-2023
8. North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Size (USD Million), 2024-2032
9. North America Fire Protection Water Storage Tanks Historical Market: Breakup by Application (USD Million), 2018-2023
10. North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Application (USD Million), 2024-2032
11. North America Fire Protection Water Storage Tanks Historical Market: Breakup by Country (USD Million), 2018-2023
12. North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Country (USD Million), 2024-2032
13. North America Fire Protection Water Storage Tanks Market Structure
Key Questions Answered in the Report
In 2023, the market in North America attained a value of nearly USD 280.99 million.
The market is projected to grow at a CAGR of 12% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 779.27 million by 2032.
The major drivers of the market are rapid urbanisation, increasing demand for fire protection water storage tanks from regions with water scarcity, and the rising awareness regarding the benefits of new protection systems.
The key trends guiding the growth of the market in North America include technological advancements and rapid industrialisation.
The major regions in the market are the United States and Canada.
Steel and fibreglass among others, are the major material types of the product.
The key players in the market are Superior Tank Co., Inc., Tank Connection, T.F. Warren Group, CST Industries, National Storage Tank, and Fisher Tank Company, among others.
Analyst Review
The North America fire protection water storage tanks market attained a value of USD 280.99 million in 2023, driven by the rising cases of fire spread in the region. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12%. The market is projected to reach USD 779.27 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its material types, the market in North America can be segmented into steel, fibreglass, and others. On the basis of coating types, the industry is categorised into epoxy, glass-fused-to-steel, and others. On the basis of sizes, the industry is divided into 100,000-250,000 gallons, 50,000-100,000 gallons, 25,000-50,000 gallons, >250,000 gallons, and <25,000 gallons. On the basis of applications, the industry is segmented into commercial, industrial, and residential. The major regional markets for the product in North America are the United States and Canada. The key players in the above market include Superior Tank Co., Inc., Tank Connection, T.F. Warren Group, CST Industries, National Storage Tank, Fisher Tank Company, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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