Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Water Storage Systems Market size was valued at USD 18.94 billion in 2024 and is likely to cross USD 54.7 billion by 2037, registering more than 8.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of water storage systems is estimated at USD 20.31 billion.
The growth of the market can be attributed to the increasing need to store water due to the scarcity of water in remote areas, along with the rise in population. According to a report by the UNICEF, 4 billion people, which is almost two thirds of the global population suffers from severe water scarcity every year. It is expected that by 2040, 1 in every 4 individuals will be living in water shortage. The growing population, especially in the urban areas, has created scattered slums in cities, where water shortage is common. To overcome this shortage of water, government is spending increasingly on water storage systems, which is estimated to boost the market growth. In addition to this, the rising awareness regarding the conservation of water is another factor estimated to act as a growth driver for the market.
