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
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