Elevated Water Storage Tanks Market to be at Forefront by 2026
Elevated
tanks are used to supply water to a larger number of people. These
tanks do not require electricity to generate pressure for the
continuous operation of pumps. Pressure in these tanks is maintained
by gravity. These tanks are strategically located to equalize water
pressure in the distribution system. However, in some elevated tanks,
maintaining precise pressure is difficult.
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Pressure
of the water flow, with which water comes out of an elevated tank,
depends on the depth of water in the tank. The tank that is nearly
empty would probably not provide enough pressure, while the tank that
is completely full may provide excessive pressure. The optimal
pressure in an elevated tank is attained at a particular depth.
Elevated water storage tanks can be of two types: tanks elevated on
legs and tanks elevated on a standpipe. A standpipe offers continual
and highly unequal pressures, which depends on its length.
Additionally, a significant quantity of water is required in a
standpipe to produce the subsequent water pressure. The water below a
specific level is used only as a support. This water can be
distributed with the help of pumps in an emergency situation only.
Tanks that are elevated on legs do not have these drawbacks. They
generate higher pressure and the pressure is more constant. This
makes them a preferred choice over standpipes. Tanks that are
elevated on legs are expensive and they are used only where the
demand for water is high.
Rise
in the demand for elevated water storage tanks in municipal
applications and extensive use of these tanks in industrial
applications are factors augmenting the elevated water storage tanks
market. This is prompting companies to increase production of these
tanks. Additionally, increasing rate of urbanization in developing
countries is anticipated to drive the global market for elevated
water storage tanks during the forecast period.
The
global elevated water storage tanks market is witnessing
technological advancements. Companies are constantly striving to
develop new and better ways to manufacture these tanks. Development
of new manufacturing technologies of elevated water storage tanks and
applications is estimated to propel the market in the near future.
However, volatility in prices of raw materials is projected to hamper
the market during the forecast period.
Global
Elevated Water Storage Tanks Market: Key Segments
Based
on application, the elevated water storage tanks market can be
divided into industrial, commercial, and municipal. The industrial
segment dominates the market, owing to extensive use of elevated
water storage tanks in different manufacturing plants in developing
economies such as India and China.
Based
on geography, the global elevated water storage tanks market can be
divided into North America, Latin America, Asia Pacific, Europe, and
Middle East & Africa. Asia Pacific is anticipated to constitute a
key share of the global market during the forecast period. The
elevated water storage tanks market in Asia Pacific is estimated to
expand at a significant pace during the forecast period, owing to
rise in the demand for elevated water storage tanks in the industrial
sector in the region. Middle East & Africa is likely to be an
attractive market for elevated water storage tanks during the
forecast period, due to increase in the demand for these tanks in
commercial applications in the region.
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Global
Elevated Water Storage Tanks Market: Key Players
Prominent
players operating in the global elevated water storage tanks market
include McDermott International, Inc., Tank Connection Affiliate
Group, Landmark Structures, and Bulldog Steel Products, Inc.
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