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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; By Application; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

North America Fire Protection Water Storage Tanks Market Outlook

The North America fire protection water storage tanks market attained a value of about USD 200 million in 2019. The market is further expected to grow at a CAGR of 12% in the forecast period of 2020-2025 to reach a value of approximately USD 394.8 million by 2025.

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.

 

Properties and Applications

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. 

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Fire Protection Water Storage Tanks Market Overview

    8.1    Key Industry Highlights 
    8.2    Global Fire Protection Water Storage Tanks Historical Market (2015-2019) 
    8.3    Global Fire Protection Water Storage Tanks Market Forecast (2020-2025)
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 (2015-2019) 
    9.3    North America Fire Protection Water Storage Tanks Market Forecast (2020-2025)
    9.4    North America Fire Protection Water Storage Tanks Market by Material Type
        9.4.1    Steel
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
            9.4.1.4    Breakup by Type
                9.4.1.4.1    Steel Welded
                9.4.1.4.2    Steel Bolted
        9.4.2    Fibreglass 
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
        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    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Glass-Fused-to-Steel
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
        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    Market Share
            9.6.1.2    Historical Trend (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2    50,000-100,000 Gallons
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
        9.6.3    25,000-50,000 Gallons
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2015-2019)
            9.6.3.3    Forecast Trend (2020-2025)
        9.6.4    >250,000 Gallons
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2015-2019)
            9.6.4.3    Forecast Trend (2020-2025)
        9.6.5    <25,000 Gallons
            9.6.5.1    Market Share
            9.6.5.2    Historical Trend (2015-2019)
            9.6.5.3    Forecast Trend (2020-2025)
    9.7    North America Fire Protection Water Storage Tanks Market by Application
        9.7.1    Commercial
            9.7.1.1    Market Share
            9.7.1.2    Historical Trend (2015-2019)
            9.7.1.3    Forecast Trend (2020-2025)
            9.7.1.4    Breakup by Type
                9.7.1.4.1    Large Warehouses
                9.7.1.4.2    Shopping Centers
                9.7.1.4.3    Hospitals
                9.7.1.4.4    Office Buildings
                9.7.1.4.5    Others
            9.7.2    Industrial
                9.7.2.1    Market Share
                9.7.2.2    Historical Trend (2015-2019)
                9.7.2.3    Forecast Trend (2020-2025)
            9.7.3    Residential
                9.7.3.1    Market Share
                9.7.3.2    Historical Trend (2015-2019)
                9.7.3.3    Forecast Trend (2020-2025)
    9.8    North America Fire Protection Water Storage Tanks Market by Country
        9.8.1    Market Share
            9.8.1.1    United States
            9.8.1.2    Canada
10    Regional Analysis
    10.1    United States
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
    10.2    Canada
        10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
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    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Company Profiles
        13.3.1    Superior Tank Co., Inc.
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Certifications
        13.3.2    Tank Connection
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Certifications
        13.3.3    T.F. Warren Group
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Certifications
        13.3.4    CST Industries
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Certifications
        13.3.5    National Storage Tank
            13.3.5.1    Company Overview
            13.3.5.2    Product Portfolio
            13.3.5.3    Demographic Reach and Achievements
            13.3.5.4    Certifications
        13.3.6    Fisher Tank Company
            13.3.6.1    Company Overview
            13.3.6.2    Product Portfolio
            13.3.6.3    Demographic Reach and Achievements
            13.3.6.4    Certifications
        13.3.7    Others
14    Industry Events and Developments


List of Figures and Tables

1.    Global Fire Protection Water Storage Tanks Market: Key Industry Highlights, 2015 and 2025
2.    North America Fire Protection Water Storage Tanks Market: Key Industry Highlights, 2015 and 2025
3.    North America Fire Protection Water Storage Tanks Historical Market: Breakup by Material Type (USD Million), 2015-2019
4.    North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Material Type (USD Million), 2020-2025
5.    North America Fire Protection Water Storage Tanks Historical Market: Breakup by Coating Type (USD Million), 2015-2019
6.    North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Coating Type (USD Million), 2020-2025
7.    North America Fire Protection Water Storage Tanks Historical Market: Breakup by Size (USD Million), 2015-2019
8.    North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Size (USD Million), 2020-2025
9.    North America Fire Protection Water Storage Tanks Historical Market: Breakup by Application (USD Million), 2015-2019
10.    North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Application (USD Million), 2020-2025
11.    North America Fire Protection Water Storage Tanks Historical Market: Breakup by Country (USD Million), 2015-2019
12.    North America Fire Protection Water Storage Tanks Market Forecast: Breakup by Country (USD Million), 2020-2025
13.    North America Fire Protection Water Storage Tanks Market Structure

Key Questions Answered in the Report

In 2019, the market in North America attained a value of nearly USD 200 million. 

The market is projected to grow at a CAGR of 12% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 394.8 million by 2025. 

The major drivers of the industry, such as rapid urbanisation and industrialisation, increasing demand from regions having scare water availability, and rising awareness of new protection systems, are expected to aid the market growth.

The key trend guiding the growth of the market in North America includes the growing technological advancements in the region.

The major regions in the industry are the United States and Canada.

Steel, fibreglass, and others are the major material types of the product in the industry.

The major coating types of the product include epoxy, glass-fused-to-steel, and others.  

The significant size segments within the industry are 100,000-250,000 gallons, 50,000-100,000 gallons, 25,000-50,000 gallons, >250,000 gallons, and <25,000 gallons.

Analyst Review

The North America fire protection water storage tanks market attained a value of USD 200 million in 2019, 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 2020-2025, growing at a CAGR of 12%. The market is projected to reach USD 394.8 million by 2025. 

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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