PUBLISHER: The Business Research Company | PRODUCT CODE: 1942803
PUBLISHER: The Business Research Company | PRODUCT CODE: 1942803
Elevated water storage tanks are large, cylindrical structures, typically made from steel or concrete, and are elevated on a tower or stand above the ground. Their primary functions include storing potable water and providing fire protection, relying on gravity to ensure consistent water pressure across distribution systems.
The main types of elevated water storage tanks include steel, plastic, fiberglass, and others. Steel tanks are constructed from durable steel panels, bolted together on-site for easy installation and featuring a modular design that allows for flexible capacity expansion. These tanks can be installed underground, outdoors, or indoors, with applications ranging from water supply and fire protection to irrigation and emergency water storage. They serve various sectors, including residential, commercial, industrial, and utility.
Tariffs are influencing the elevated water storage tanks market by increasing costs of imported steel, specialty coatings, structural components, and fabrication equipment used in tank construction. Municipal and utility projects in North America and Europe are most affected due to dependence on imported steel and engineered components, while Asia-Pacific faces pricing pressure on fabricated tank exports. These tariffs are raising project costs and extending construction timelines. At the same time, they are supporting domestic steel sourcing, local fabrication capabilities, and regional manufacturing of elevated tank systems.
The elevated water storage tanks market research report is one of a series of new reports from The Business Research Company that provides elevated water storage tanks market statistics, including elevated water storage tanks industry global market size, regional shares, competitors with a elevated water storage tanks market share, detailed elevated water storage tanks market segments, market trends and opportunities, and any further data you may need to thrive in the elevated water storage tanks industry. This elevated water storage tanks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The elevated water storage tanks market size has grown strongly in recent years. It will grow from $6.51 billion in 2025 to $6.87 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to expansion of municipal water distribution networks, growth of urban population centers, increasing investments in public infrastructure, rising demand for reliable fire protection systems, adoption of steel and concrete tank designs.
The elevated water storage tanks market size is expected to see strong growth in the next few years. It will grow to $8.48 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing investments in smart city water systems, rising demand for emergency water storage solutions, expansion of rural water supply projects, growing focus on long-life infrastructure assets, increasing integration of monitoring sensors in tanks. Major trends in the forecast period include increasing deployment of smart water storage infrastructure, rising use of corrosion-resistant tank materials, growing adoption of large-capacity elevated tanks, expansion of fire protection water storage systems, enhanced focus on structural safety and longevity.
The increasing construction of commercial accommodation facilities is expected to drive growth in the elevated water storage tanks market. Commercial accommodation refers to lodging options such as hotels, motels, and serviced apartments provided to travelers or guests for short-term stays in exchange for payment. Demand for these facilities is rising due to growth in tourism, business travel, and urbanization, fueled by expanding global economies and higher disposable incomes. Elevated water storage tanks in commercial accommodations ensure a consistent water supply and maintain stable water pressure, accommodating peak usage periods and serving as a backup during power outages or supply interruptions. For instance, in August 2024, according to Lodging Econometrics, a US-based hotel intelligence firm, 948 new hotels with 135,579 rooms opened globally in the first half of 2024, with a total of 2,534 new hotels and 372,686 rooms expected by year-end, followed by 2,756 hotels with 429,120 rooms in 2025. Therefore, the rising construction of commercial accommodation facilities is propelling the elevated water storage tanks market.
Leading companies in the elevated water storage tanks market are focusing on advanced structural solutions, such as composite elevated tank systems, to enhance durability, reduce corrosion, and lower long-term maintenance costs for municipal and industrial water storage. Composite elevated tank systems are built using hybrid or non-corrosive materials, such as fiberglass-reinforced composites supported by precast concrete shafts, engineered to resist environmental stress and deterioration better than traditional all-steel tanks. For instance, in May 2025, Pittsburg Tank & Tower Group (PTTG), a US-based water storage tank engineering and manufacturing firm, introduced a commercial mini-composite elevated water storage tank. It features a support column made of modular precast concrete sections, with a steel tank mounted above, providing storage volumes from 50,000 to 250,000 gallons or more. This modular design reduces maintenance needs, lowers operational costs, and enables faster assembly.
In January 2024, Southern Iowa Rural Water Association (SIRWA), a US-based rural water association, partnered with Maguire Iron to engineer, design, fabricate, and construct a 1,000,000-gallon toro-ellipsoidal water tower. This collaboration aimed to strengthen SIRWA's water storage infrastructure, improving efficiency and long-term sustainability. Maguire Iron is a US-based company specializing in the construction and maintenance of water storage tanks.
Major companies operating in the elevated water storage tanks market are Chicago Bridge & Iron Company, Caldwell Tanks, CST Industries, Pittsburg Tank & Tower Group, DN Tanks, Tank Connection, Phoenix Fabricators and Erectors LLC, Balmoral Tanks Ltd., Landmark Structures, Brown-Minneapolis Tank Co., Norwesco Inc., Fiber Technology Corporation, Design Tanks Inc., BUWATEC, RC Plasto Tanks and Pipes Pvt. Ltd., Steelcore Tank, Easytanks, Sintex Plastics Technology Limited, KLM Engineering Inc., CEMEX S.A.B. de C.V.
Asia-Pacific was the largest region in the elevated water storage tanks market in 2025. The regions covered in the elevated water storage tanks market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the elevated water storage tanks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The elevated water storage tanks market consists of sales of composite elevated tanks, multi-column elevated tanks, fluted column elevated tanks, spheroid elevated tanks, and pedestal elevated tanks. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Elevated Water Storage Tanks Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses elevated water storage tanks market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for elevated water storage tanks ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The elevated water storage tanks market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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