Report Description

Saudi Arabia Water Tank market is anticipated to grow at a steady CAGR during the forecast period 2024-2028. A water storage tank is a vessel used to keep water for both home and commercial purposes. Tanks for storing water come in a variety of sizes and designs. They may be horizontal, vertical, subterranean, and is composed of stone, concrete, fibreglass, plastic, or any combination of those materials. Common threats to the water tank include corrosion, bacterial development, and leaks.

Large amounts of water may be conveniently stored in water tanks for use in a variety of purposes, including drinking water, irrigated agriculture, fire suppression, chemical manufacture, and food preparation. Polypropylene or polyethylene materials are typically used to make them. Compared to cement tanks, they take up less area on the floor. Polyethylene, steel, or fibre glass are the most common materials used to make water tanks for residential or commercial usage. The tanks can range in size from 200 litres to more than 10,000 litres and are available in different designs.

Saudi Arabia is one of the world's most water-stressed countries. The extreme water shortage threshold is 500 cubic metres per capital, which is why the country's need for water tanks is expected to rise in the next years.

Growing Population and Consumption of Water in the Kingdom

Due to the region's growing population and state-wide water usage as a result of local water sources drying out, the local authority needs big storage tanks to hold the water that is utilised for essential reasons.  As a result, as the population grows, the kingdom uses more water, which raises the demand for water and water storage in the nation.  Considering the demand of people for water consumption in Saudi Arabia, this is creating a significant volume of water tanks, promoting growth in the water tank market.

Government Authorities Focusing on Water Conservation.

Since water scarcity becomes major problem in Saudi Arabia, the government has taken crucial steps to overcome water scarcity issues. The government has introduced numerous welfare measures and taken important steps toward implementing water storage in the Kingdom. Given the remote locations, extreme weather conditions, environmental laws, and health and safety issues, it is critical to treat this water properly, efficiently, and consistently. The government is focusing more on water conservation, and local authorities are helping companies build water storage facilities in the area. This is having a positive impact on the expansion of the water tank market.

Saudi Arabia Water Tank Market Challenges

In Saudi Arabia, the water tank treatment market has challenges such as the high cost of intensive technology, lack of awareness about water tank management, and maintenance of water tanks. The collection of sand or silt in storage tanks is one of the most typical problems connected with storage tanks. This can be reduced in certain circumstances by installing a filter on the storage tank's entrance. However, in many cases, this is more expensive and less feasible than just draining and cleaning the storage tank every few years. The operating cost for installation also could be a major challenge for water tank market affecting the growth rate of the market.


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Market Segments

Saudi Arabia Water Tank Market is divided on the basis of Product, Raw Material, Size and Application. Based on Products, the market is further bifurcated into Plastic, Concrete, Metal, Fiber Glass, and Others. Based on Raw Material, the market is divided into LLDPE (Linear Low-Density Polyethylene), HDPE (High Density Polyethylene), Stainless Steel, Cement, and Others, Based on Size, the market is segmented into Cylindrical, Rectangular, and Others. Based on Application, the market is further segmented into Commercial, Residential, Municipal, and Industrial.

 

Market Players

Major market players of Saudi Arabia Water Tank Market are SAWACO Water Company, Al Zamil Industry and Trade Co., National Polyethylene Company, Wataniya Fiber Glass Reinforced Plastic Factory Co. W.L.L, National Water Company, Pipeco Water Tanks Company, Gulf Specialized Works Company, Marjan Factory Company, Ekomaxi Sectional Panel GRP Water Tank Manufacturers, CB&I Storage Solutions, and Jash Technical Services Company.

Recent Developments

In April 2020, three contracts for the construction of storage tanks in Saudi Arabia were granted to CB&I (Chicago Bridge & Iron) Storage Solutions, according to a McDermott International announcement. The engineering, procurement, fabrication, and construction (EPFC) of 38 tanks and 13 spheres at various locations throughout the Kingdom is the subject of the first contract, which is described as large (between USD50 million and USD250 million) and two sizeable (between USD1 million and USD50 million) contracts.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Product

Raw Material

Size

Application

Region

Regional scope

Western Region, Northern & Central Region, Eastern Region, Southern Region

Key companies profiled

SAWACO Water Company, Al Zamil Industry and Trade Co., National Polyethylene Company, Wataniya Fiber Glass Reinforced Plastic Factory Co. W.L.L, National Water Company, Gulf Specialized Works Company, Marjan Factory Company, Pipeco Water Tanks Company, Jash Technical Services Company, CB&I Storage Solutions, Ekomaxi Sectional Panel GRP Water Tank Manufacturers

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Saudi Arabia Water Tank Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

            ·    Saudi Arabia Water Tank Market, By Product:

o   Plastic

o   Concrete

o   Metal

o   Fiber Glass

o   Others  

  • Saudi Arabia Water Tank Market, By Raw Material:

o   LLDPE

o   HDPE

o   Stainless Steel

o   Cement

o   Others

  • Saudi Arabia Water Tank Market, By Size:

o    Cylindrical

o    Rectangular

o    Others

  • Saudi Arabia Water Tank Market, By Application:

o   Commercial

o   Residential

o   Municipal

o   Industrial

             ·   Saudi Arabia Water Tank Market, By Region:

o   Western Region

o   Northern & Central Region

o   Eastern Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Water Tank Market.

Available Customizations:

Saudi Arabia Water Tank with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Water Tank Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Water Tank Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

6.    Saudi Arabia Water Tank Market Outlook

6.1.  Market Size & Forecast

6.1.1.   By Value

6.2.  Market Share & Forecast

6.2.1.   By Product (Plastic, Concrete, Metal, Fiber Glass, Others)

6.2.2.   By Raw Material (LLDPE, HDPE, Stainless Steel, Cement, Others)

6.2.3.   By Size (Cylindrical, Rectangular, Others)

6.2.4.   By Application (Commercial, Residential, Municipal, and Industrial)

6.2.5.   By Region

6.3.  Market Map

7.    Western Region Water Tank Market Outlook

7.1.  Market Size & Forecast

7.1.1.   By Value

7.2.  Market Share & Forecast

7.2.1.   By Product

7.2.2.   By Raw Material

7.2.3.   By Size

7.2.4.   By Application

8.    Northern & Central Region Water Tank Market Outlook

8.1.  Market Size & Forecast

8.1.1.   By Value

8.2.  Market Share & Forecast

8.2.1.   By Product

8.2.2.   By Raw Material

8.2.3.   By Size

8.2.4.   By Application

9.    Eastern Region Water Tank Market Outlook

9.1.  Market Size & Forecast

9.1.1.   By Value

9.2.  Market Share & Forecast

9.2.1.   By Product

9.2.2.   By Raw Material

9.2.3.   By Size

9.2.4.   By Application

10. Southern Region Water Tank Market Outlook

10.1.               Market Size & Forecast

10.1.1. By Value

10.2.               Market Share & Forecast

10.2.1.By Product

10.2.2.By Raw Material

10.2.3.By Size

10.2.4. By Application

11. Market Dynamics

11.1.  Drivers

11.1.1. Growing Population and consumption of water in the Kingdom.

11.1.2.Increase in Infrastructure Expenditure

11.1.3.Government initiatives on Water Conservation.

11.2.  Challenges

11.2.1.Over expense in maintenance of operating cost

11.2.2. Treatment of Water Tank.

12. Market Trends & Developments

12.1.  Increasing the use of technological processes

12.2.  Increasing commercial construction activities

12.3.  Rise in application of water storage tanks

13. Industry Attractiveness - Porter's Five Force Analysis

13.1.  Bargaining Power of Suppliers

13.2.  Bargaining Power of Buyers/Consumers

13.3.  Threat of New Entrants

13.4.  Threat of Substitute Products

13.5.  Intensity of Competitive Rivalry

14. Policy & Regulatory Landscape

15. Saudi Arabia Economic Profile

16. Company Profiles

16.1.  SAWACO Water Company

16.1.1. Business Overview

16.1.2. Key Revenue and Financials (If available)

16.1.3. Recent Developments

16.1.4. Key Personnel

16.1.5. Key Product/Services

16.2.   Al Zamil Industry and Trade Co.

16.2.1. Business Overview

16.2.2. Key Revenue and Financials (If available)

16.2.3. Recent Developments

16.2.4. Key Personnel

16.2.5. Key Product/Services

16.3. National Polyethylene Company

16.3.1. Business Overview

16.3.2. Key Revenue and Financials (If available)

16.3.3. Recent Developments

16.3.4. Key Personnel

16.3.5. Key Product/Services

16.4. Wataniya Fiber Glass Reinforced Plastic Factory Co. W.L.L 

16.4.1. Business Overview

16.4.2. Key Revenue and Financials (If available)

16.4.3. Recent Developments

16.4.4. Key Personnel

16.4.5. Key Product/Services

16.5. National Water Company

16.5.1. Business Overview

16.5.2. Key Revenue and Financials (If available)

16.5.3. Recent Developments

16.5.4. Key Personnel

16.5.5. Key Product/Services

16.6. Marjan Factory Company

16.6.1. Business Overview

16.6.2. Key Revenue and Financials (If available)

16.6.3. Recent Developments

16.6.4. Key Personnel

16.6.5. Key Product/Services

16.7.  Pipeco Water Tanks Company

16.7.1. Business Overview

16.7.2. Key Revenue and Financials (If available)

16.7.3. Recent Developments

16.7.4. Key Personnel

16.7.5. Key Product/Services

16.8.  Jash Technical Services Company

16.8.1. Business Overview

16.8.2. Key Revenue and Financials (If available)

16.8.3. Recent Developments

16.8.4. Key Personnel

16.8.5. Key Product/Services

16.9.  CB&I Storage Solutions

16.9.1. Business Overview

16.9.2. Key Revenue and Financials (If available)

16.9.3. Recent Developments

16.9.4. Key Personnel

16.9.5. Key Product/Services

16.10.  Ekomaxi Sectional Panel GRP Water Tank Manufacturers

16.10.1. Business Overview

16.10.2. Key Revenue and Financials (If available)

16.10.3. Recent Developments

16.10.4. Key Personnel

16.10.5. Key Product/Services

16.11.  Gulf Specialized Works Company

16.11.1. Business Overview

16.11.2. Key Revenue and Financials (If available)

16.11.3. Recent Developments

16.11.4. Key Personnel

16.11.5. Key Product/Services

17. Strategic Recommendations

1.1.     The key focus should be on top cities of all regions.

1.2.     The key focus should be water tank utilization.

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Main market players in Saudi Arabia Water Tank Market are SAWACO Water Company, Al Zamil Industry and Trade Co., National Polyethylene Company, Gulf Specialized Works Company Wataniya Fiber Glass Reinforced Plastic Factory Co. W.L.L, National Water Company, Marjan Factory Company, Pipeco Water Tanks Company, Jash Technical Services Company, CB&I Storage Solutions, Ekomaxi Sectional Panel GRP Water Tank Manufacturers.

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Water tanks are used to store water for many applications, such as drinking water, irrigation, firefighting, agriculture (both crops and livestock), chemical production, food preparation, and many other purposes.

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The Southern Region is the fastest growing region in the Saudi Arabia Water Tank Market.

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Growing consumption of water in the Kingdom and increase in infrastructure expenditure are the crucial factors driving the growth of Saudi Arabia's Water Tank Market.

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Parvati Sharma

Account Manager BD
Press Release

Saudi Arabia Water Tank Market is Expected to Register a Steady CAGR During the Forecast Period 2024-2028

Apr, 2023

Rising water consumption and building sector growth will boost the Saudi Arabia Water Tank Market in the predicted years 2024-2028.