Water Storage Systems Industry - Regional Synopsis
North America Market Analysis
On the basis of geographical analysis, the global water storage systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is set to dominate majority revenue share by 2037, on the back of rising awareness amongst the population in the United States to conserve water, which is estimated to increase the demand for residential water storage systems. According to survey conducted by a local NGO in the U.S., every household is capable of saving over 40 gallons water per day. Moreover, people are installing water storage systems inn their houses, which is estimated to boost the market growth.
APAC Market Statistics
The market in the Asia Pacific is estimated to garner notable share during the forecast period as the government in countries, such as, Indonesia, India, and Bangladesh are focusing on providing water in rural and sub-urban areas, which is foreseen to increase the construction of large water storage systems. Moreover, people are adopting rainwater harvesting systems in the region to overcome the issue of water scarcity, which is estimated to boost the market growth.
The market in the Middle East and Africa is also projected to hold significant share by the end of 2037, owing to the severe shortage of water in the region. Moreover, countries, such as, UAE and Qatar are experiencing economic development, which is estimated to fuel the market growth.
