Overhead Tanks Market Overview; Key Trends, Market Size, and Key Factors Defining the Industry

Overhead tanks are water storage tanks, usually placed at a certain height. Ground level water is pumped and filled into overhead water tanks. Overhead tanks allow even dispersal of water and maintains constant flow and pressure at the time of water discharge when it comes down from a specific altitude.

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Key Drivers of the Global Overhead Tanks Market

  • Rising urbanization and increasing investment in infrastructure development are driving the demand for overhead tanks. Overhead tanks are increasingly used in industrial as well as residential buildings to ensure uninterrupted water supply for cleaning, washing, cooking, bathing, etc. Further, growth in the hospitality and healthcare sector is anticipated to drive the demand for overhead tanks in hospitals, hotels, resorts, and other related sectors.
  • Key manufacturers are launching diversified products in terms of water storage capacity, colors, design, and material. Virgin and food grade materials are increasingly used by emerging brands to provide sustainable and eco-friendly solutions.

Overhead Tanks Market: Type Overview

  • Based on material used, there are four types of overhead tanks – plastic, concrete, fiberglass, and metal. Metal tanks are usually made with stainless steel and used in industrial water storage applications. Plastic and concrete tanks are widely preferred by residential and commercial end-users.
  • Fiberglass tanks usually feature a food-grade coating on their interior surface. The coating is cured before the tanks are offered for sale. Most fiberglass overhead tanks contain a resin, which is mixed with a hardener, along with glass fibers to make it rigid and stiff.

Key Players Operating in the Global Market

Key companies are investing in new materials and manufacturing processes to develop advanced solutions in the field of drinking water supply. Wide product portfolio with multiple dimensions and materials are used to target a potential customer base. Increasing adoption of digital technology in various business activities is identified as a major industry trend. Digitization involves mobile apps for on-site installation support, web-based tools for dimension calculations, BIM (Building Information Modelling) software, and online product catalogues.

Some of the major companies identified in the global overhead tanks market are:

  • CST Industries, Inc.
  • Pipeco Tanks
  • ZCL Composites, Inc.
  • Beltenco Corporation
  • Synalloy Corporation
  • Sintex Plastics Technology Limited
  • AG Growth International Inc.
  • Contain Enviro Services Ltd.
  • Grupo Rotoplas S.A.B. De C.V.
  • McDermott International, Inc.

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Global Overhead Tanks Market: Research Scope

Global Overhead Tanks Market, by Type

  • Plastic
  • Metal
  • Fiberglass
  • Concrete

Global Overhead Tanks Market, by End-use

  • Residential
  • Commercial
  • Industrial
  • Municipal

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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The following regional segments are covered comprehensively:

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  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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