commercial

Water Storage Systems Market is projected to reach USD 25.1 billion by 2027 Globally, at a CAGR of 8.7%, says MarketsandMarkets™

Water Storage Systems Market is projected to reach USD 25.1 billion by 2027 Globally, at a CAGR of 8.7%, says MarketsandMarkets™

The global Water Storage Systems Market size is projected to grow from USD 16.5 billion in 2022 to USD 25.1 billion by 2027, at a CAGR of 8.7%, as per the recent study by MarketsandMarkets™. The increasing demand for water storage systems from end uses, such as residential, commercial, industrial, and municipal, drives the market. Demand for water tanks is encouraged by many companies to formulate different developmental strategies in the water storage systems market to expand their footprint in the market. The companies have adopted various strategies, such as investment & expansion, merger & acquisition, new product launches, and joint ventures to increase their global presence and maintain sustained growth in the water storage systems market.