Australia Water Storage System Market Insights Forecasts to 2033

• The Australia Water Storage System Market Size was valued at USD 162.5 Million in 2023.
• The Market Size is Growing at a CAGR of 8.51% from 2023 to 2033
• The Australia Water Storage System Market Size is Expected to Reach USD 367.8 Million by 2033

The Australia Water Storage System Market Size is Anticipated to Reach USD 367.8 Million by 2033, Growing at a CAGR of 8.51% from 2023 to 2033

Market Overview

Water storage system is the term that explains the storage of drinkable water for drinking or non-drinkable water for farming. Water storage can be either a natural or artificial water storage system. It is the source of clean water and supply that shall be used in a variety of conditions, whether domestic, commercial, agricultural, or environmental requirements. These systems are quite diversified in structures and technologies adapted to meet the needs and conditions that apply to particular regions and climates. A water storage system retains more water and makes it available when there is low or no supply at any given point. It is used in isolated areas where access to water sources is restricted. It comes in all sizes, that is, there are water tanks, rain barrels, and industrial reservoirs. Stricter regulations and laws relate to freshwater conservation and discharge and climate change, as well as ever-increasing strain on sources of freshwater to cater for the increased demand for water, which can expand the Australia water storage system market.

Report Coverage

This research report categorizes the market for the Australia water storage system market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia water storage system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia water storage system market.

Driving Factors

The main thrust behind the growth of the market has been the increasing population in the country, as this increases demand in all industries such as industrial, agricultural, and oil and gas, among others, thereby pushing the market for water storage systems as well. Fast growth in population in South Africa is surely going to propel the demand for the water storage system market in the future because it increases the volume of water required for agricultural and drinking purposes. Additionally, increasing water consumption by large industrial clients and rising trends of collecting rainwater to meet the demand are likely to drive further growth in the water storage system market in South Africa.

Restraining Factors

The major market constraint that may prevent growth is the huge amount of investment in building a water storage facility. Furthermore, for the built-in storage systems to be operational, they have to be maintained at a high level of upkeep since any kind of failure of may lead to considerable losses in water supply.

Market Segmentation

The Australia water storage system market share is classified into material and end-user.

• The plastic segment is expected to hold the largest market share through the forecast period.

The Australia water storage system market is segmented by material into concrete, metal, plastic, fiberglass, and others. Among these, the plastic segment is expected to hold the largest market share through the forecast period. Plastic tanks are generally produced by utilizing standard food-grade plastic with a technique called rotational molding. They are perfect for storage water and chemicals containing bleaches, acids, and chlorine. Plastic storage tanks are large containers designed particularly for household purposes, agriculture, irrigation, and industries, which prevent algae and bacteria from contaminating stored water. 

• The municipal segment is expected to dominate the Australia water storage system market during the forecast period.       

Based on the end-user, the Australia water storage system market is divided into municipal, industrial, commercial, and residential. Among these, the municipal segment is expected to dominate the Australia water storage system market during the forecast period. In Australia, the increasing population rate and city growth increased the need for safe drinking water. As a result, municipalities depend more on water storage systems. As water becomes scarcer, the government has increased its conservation efforts, which force municipalities to engage in the usage of water storage systems.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia water storage system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies[MH1] 

• AG Growth International Inc.
• Aqua Nishihara Corporation Limited
• Balmoral Group Holdings Ltd.
• Caldwell Tanks Inc.
• Containment Solutions Inc.
• CST Industries Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, Australian water storage facility may turn into 1 GW pumped hydro station[MH2] . Zen Energy has secured approval from Australia’s Water NSW to investigate how to transform Sydney’s biggest water storage facility into a 1 GW pumped hydro project capable of supplying on-demand power for up to eight hours.

Market Segment

This study forecasts revenue at Australia, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Australia water storage system market based on the below-mentioned segments:

Australia Water Storage System Market, By Material

• Concrete
• Metal
• Plastic
• Fiberglass
• Others

Australia Water Storage System Market, By End-User

• Municipal
• Industrial
• Commercial
• Residential