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Storage Tank are containers that hold liquids, compressed gases (gas tank) or mediums used for the short- or long-term storage of heat or cold.
Storage tanks are often cylindrical in shape, perpendicular to the ground with flat bottoms, and a fixed or floating roof. There are usually many environmental regulations applied to the design and operation of storage tanks, often depending on the nature of the fluid contained within. Aboveground storage tanks (AST) differ from underground (UST) storage tanks in the kinds of regulations that are applied.
Due to the COVID-19 pandemic, the global Storage Tank market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Storage Tank market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Storage Tank landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Major global producers of Storage Tanks are CST, McDermott, Permianlide, Highland Tank, Fox Tank, Motherwell Bridge, Toyo Kanetsu K.K., Ishii Iron Works, Pfaudler and Mekro, etc.
This report focuses on Storage Tank volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Storage Tank market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Storage Tank Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Aboveground Storage Tanks
Underground Storage Tanks
Segment by Application
Petroleum Industry
Chemical Industry
Grain and Oil industry
Food Industry
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
CST
McDermott
PermianLide
Highland Tank
Fox Tank
Motherwell Bridge
Toyo Kanetsu K.K.
ISHII IRON WORKS
Pfaudler
MEKRO
Storage tanks are often cylindrical in shape, perpendicular to the ground with flat bottoms, and a fixed or floating roof. There are usually many environmental regulations applied to the design and operation of storage tanks, often depending on the nature of the fluid contained within. Aboveground storage tanks (AST) differ from underground (UST) storage tanks in the kinds of regulations that are applied.
Due to the COVID-19 pandemic, the global Storage Tank market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Storage Tank market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Storage Tank landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Major global producers of Storage Tanks are CST, McDermott, Permianlide, Highland Tank, Fox Tank, Motherwell Bridge, Toyo Kanetsu K.K., Ishii Iron Works, Pfaudler and Mekro, etc.
This report focuses on Storage Tank volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Storage Tank market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Storage Tank Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Aboveground Storage Tanks
Underground Storage Tanks
Segment by Application
Petroleum Industry
Chemical Industry
Grain and Oil industry
Food Industry
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
CST
McDermott
PermianLide
Highland Tank
Fox Tank
Motherwell Bridge
Toyo Kanetsu K.K.
ISHII IRON WORKS
Pfaudler
MEKRO
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
