MarketsandMarkets Presents
•North America Water Storage Systems Market worth 4.14 Billion USD by 2020 http://www.marketsandmarkets.com/Market-Reports/north-america-water-storage-systems-market-1184.html
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The report "North America Water Storage Systems Market by Material Type (Concrete, Steel) Application (Hydraulic Fracture Storage & Collection, Onsite Water & Wastewater Collection), End-Use Industry (Municipal, Industrial) and Country - Global Forecast to 2020", The North America water storage systems market is projected to reach USD 4.14 Billion by 2020 from the estimated USD 2.67 Billion in 2015, at a CAGR of 9.1% between 2015 and 2020. Depleting freshwater resources, growing population, and growing concern for water conservation are key factors driving the North America water storage systems market.
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Hydraulic fracture storage and collection is the largest application segment of the North America water storage systems market. Water storage systems are used to store both fresh and wastewater in the oil and gas industry. The hydraulic fracture technique in oil & gas extraction uses water extensively. Water to be used in the fracturing process must be stored, and the used water after the process must also be stored and treated, before further reuse or release into the environment. The demand for water systems in North America is increasing owing to the rising oil and gas activities in the region. http://www.marketsandmarkets.com/Market-Reports/north-america-water-storage-systems-market-1184.html
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The U.S. is the largest market for water storage systems in North America. The increasing industrial and oil & gas activities, and the growing water demand for day-to-day activities drive the country’s water storage systems market. The U.S. has one of the largest proven oil and gas reserves in the world. The exploitation of these reserves is expected to significantly increase the demand for water storage systems. Water scarcity and the depleting groundwater resources in the U.S. will also drive the water storage systems market in the country. The hydraulic fracture storage & collection is the largest application segment of the North America water storage systems market. However, the rainwater harvesting & collection segment is expected to be the fastest growing, as concerns for depleting groundwater resources have encouraged the collection and use of rainwater, which may otherwise be wasted http://www.marketsandmarkets.com/Market-Reports/north-america-water-storage-systems-market-1184.html
ď śThe U.S. water storage systems market held the largest share of the NA water storage systems market, in terms of value, in 2014. The U.S. market is also expected to account for the largest share of the NA market by 2020 due to the high oil and gas activities, growing population, and increasing scarcity of clean water. The North American region also holds the largest proven shale gas reserves in the world, and the growing shale gas activities will significantly increase the demand for water storage systems in this region in the coming years.
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