The global water tank market size was valued at USD 4.31 Billion in 2025. The industry is expected to grow at a CAGR of 3.20% during the forecast period of 2026-2035 to reach a value of USD 5.91 Billion by 2035. Government-led investments in water storage, recycling, and infrastructure are fueling the demand for water tanks, as cities and nations seek to address rising water demand, climate variability, and water scarcity.
Urban centers and industries are increasingly prioritizing water security, driving sustained demand for durable tanks, reservoirs, and innovative storage solutions. In India, Chennai’s Water Resources Department unveiled an INR 14,000 crore master plan in 2025 to triple the city’s drinking water storage by 2050. Landmark projects, such as the 2.25 TMC Perumbakkam reservoir and the restoration of tank chains feeding Chembarambakkam lake aim to reduce dependency on existing reservoirs while enhancing resilience against droughts and floods.
These initiatives demonstrate how coordinated governmental action, climate resilience planning, and investment in innovative infrastructure are collectively driving the water tank market outlook.
On a parallel front, the United States has taken significant steps to advance water recycling infrastructure. In September 2023, the Department of the Interior launched a large-scale water recycling program, backed by USD 180 million in initial funding under the Bipartisan Infrastructure Law. The program focuses on converting non-potable sources into clean, drought-resistant water and forms part of a broader USD 8.3 billion investment in water infrastructure, including storage, conveyance, and purification systems.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
3.2%
Value in USD Billion
2026-2035
*this image is indicative*
Infrastructure rehabilitation and upgrades by utilities remain a major driver of the global water tank market, emphasizing improved reliability, safety, and extended tank life. Pennsylvania American Water’s 2025 plan to rehabilitate seven existing tanks and construct five new ones, with an USD 18.5 million investment, highlights this trend. Expanding storage capacity, maintaining water quality, and ensuring adequate pressure and fire protection support uninterrupted water supply and operational efficiency. Such initiatives strengthen resilience across urban and industrial water systems while meeting growing demand for sustainable infrastructure, further contributing to the market growth.
Growing emphasis on climate-resilient and sustainable water management is driving demand for advanced water storage and infrastructure solutions. Initiatives like the European Commission’s Water Resilience Strategy, unveiled in September 2025, which mobilizes over EUR 15 billion for modernizing infrastructure, implementing smart meters, and enhancing water efficiency. By focusing on leak reduction, digital monitoring, and sustainable storage, governments and industries are creating strong demand for durable and high-capacity water tanks that support long-term water security plans across the region. These trends are opening new global water tank market opportunities for manufacturers and investors alike.
Industries are racing to secure high-capacity, thermally efficient, and resilient storage solutions which is resulting in a rising demand for water tanks as a preferred storage solution. Industrial processes demand uninterrupted and temperature-controlled water supply. To address this, manufacturers are turning to innovative designs that combine durability, lightweight construction, and advanced insulation. For instance, in February 2024, Beltecno India launched Thermal Water Storage Tanks. These high-capacity tanks deliver earthquake-resistant that keep operations running smoothly.
Increasing concerns over water contamination and hygiene are driving demand for antimicrobial water storage solutions globally. Consumers and institutions are prioritizing tanks that prevent bacterial growth and maintain safe water quality, spurring the global water tank market growth. For example, Ashirvad’s antimicrobial tanks, launched in November 2024, with BioCote® silver ion technology, inhibit bacterial proliferation while offering UV protection and durability. Such innovations illustrate how manufacturers are responding to health-conscious demand, encouraging wider adoption of hygienic, technologically advanced water tanks in both residential and commercial applications.
Efforts to support rural livelihoods, especially livestock, are boosting water tank installations in non-urban settings. Citing a notable instance, in April 2025, the state government of Andhra Pradesh, India launched a scheme to build 12,500 water tanks for cattle, costing about INR 56.25 crore under their rural employment guarantee program. Each tank, typically 3,500-litres, serves roughly 100 animals or mixed livestock. This initiative addresses seasonal scarcity and ensures basic water access, fueling demand for smaller-scale storage tanks in rural zones.
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The EMR’s report titled “Global Water Tank Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Key Insight: Steel water tanks are favored for large-scale industrial and municipal applications due to their strength and longevity, while plastic tanks are increasingly popular in residential and commercial sectors for their lightweight, corrosion-free properties. Fiberglass tanks are gaining traction for specialized needs requiring chemical resistance and aesthetic appeal. Together, the diversity in material options is expanding adoption across various applications, reflecting both stability and rapid growth in the global water tank industry.
Market Breakup by Application
Key Insight: Household applications remain the backbone of water tank demand, fueled by urbanization, rising disposable incomes, and the need for reliable domestic water storage. At the same time, institutional demand, including hospitals, schools, and government facilities, is growing steadily, driven by infrastructure upgrades and hygiene-focused projects. This dual momentum ensures that while residential installations dominate volumes, institutional adoption represents one of the fastest-growing areas, spurring manufacturers to design scalable, robust, and user-friendly storage solutions that meet diverse capacity and safety requirements.
Market Breakup by Location
Key Insight: Outdoor water tanks market revenue is growing, due to their suitability for both urban and rural landscapes, where space and accessibility are critical. Underground tanks, however, are experiencing rapid adoption as cities and industries prioritize land optimization and temperature-controlled storage. Indoor tanks, although smaller in scale, are gaining attention in commercial and high-end residential settings for aesthetic integration and convenience. The combined growth across these locations underscores flexibility, with outdoor systems dominating volumes and underground solutions representing one of the fastest-expanding segments.
Market Breakup by Region
Key Insight: Asia Pacific, holds the largest water tanks industry share, led by rapid urbanization, population growth, and government-backed water infrastructure projects. North America and Europe sustain steady demand, fueled by replacement cycles, sustainability regulations, and technology integration. Latin America and the Middle East and Africa are emerging as growth hotspots, with rising industrialization and municipal water projects accelerating adoption. Overall, while Asia Pacific contributes the largest volumes, emerging regions and technology-driven markets are expanding at the fastest pace, expanding the market scope.
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By type, steel tanks to attain traction
Steel water tank industry is gaining momentum due to increasing demand for durable, high-capacity storage solutions. Expansion of production facilities, such as Balmoral Tanks’ 2025 Ohio facility producing epoxy-coated steel tanks, highlights the push for local manufacturing to reduce logistics costs and meet industrial and municipal requirements efficiently. The focus on large, long-lasting tanks for energy and wastewater applications underscores steel’s strength and reliability, making it a leading choice for high-performance water infrastructure projects.
Besides this, the demand for plastic tanks is surging as consumers demand storage solutions that are both safe and space smart. With growing awareness of health risks from recycled plastics, households and institutions are shifting toward food-grade, non-toxic tanks. In Hyderabad, the rollout of modular, 100% food-grade plastic tanks in multiple capacities by Sintex, in September 2025, illustrates this trend, combining hygiene, durability, and efficient use of space. Innovations like these are transforming plastic tanks from basic storage options into essential tools for healthy, sustainable water management.
By application, household sector to generate the highest revenue
Household water storage applications lead the growth of global water tank market attributed to the rising demand for compact, durable, and efficient solutions that support rainwater harvesting, well water collection, and daily domestic needs. The launch of vertical water storage tanks by Elkhart Plastics in May 2025 highlights this trend, offering UV-resistant, food-grade polyethylene tanks with multiple capacities and reinforced designs. Features such as dual lids, air bleeds, and secure tie-downs enhance usability and longevity, positioning these tanks as essential tools for sustainable, reliable, and convenient household water management.
Meanwhile, institutional applications demonstrate steady growth propelled by stringent regulatory and compliance requirements for water safety and hygiene. Hospitals, laboratories, schools, and government facilities increasingly require storage systems that meet health standards and minimize contamination risks. This has driven demand for tanks with advanced materials, secure lids, and antimicrobial features, ensuring safe, uninterrupted water supply for critical operations. Hence, compliance-driven procurement now shapes the market through institutional applications.
By location, outdoor water tanks to demonstrate notable growth
Location wise, the outdoor category is picking up pace in the global water tank market growth as water scarcity, droughts, and intermittent supply push households and institutions to secure reliable storage solutions. Durable, hygienic tanks are becoming essential for daily use, agriculture, and emergency preparedness. Illustrating this trend, in July 2024, Mpact made an equity investment in Africa Tanks, to expand production of innovative three-layer, high-strength tanks across South Africa. These resilient tanks safeguard communities against supply disruptions and exemplify how strategic investment are reshaping the water storage landscape.
On the other hand, indoor category accounts for substantial revenue share driven by an increasing demand for space-efficient, discreet, and aesthetically adaptable storage solutions in urban homes, offices, and commercial buildings. As cities grow denser, consumers and businesses seek tanks that can fit seamlessly within interior spaces while providing safe and reliable water storage. Manufacturers are responding with compact designs, modular configurations, and materials that ensure hygiene and durability, thereby supporting industry expansion.
By Region, Asia Pacific holds the largest market share
Asia Pacific has emerged to be a lucrative water tank market owing to the consistently rising demand for efficient water distribution and storage across the region. Ongoing urbanization and smart city initiatives are pushing municipalities to adopt solutions that ensure equitable supply, reduce wastage, and enhance monitoring. For instance, in September 2025, Pune Municipal Corporation, India, installed over 6,000 water meters in three weeks under its 24x7 equitable water supply project, alongside constructing overhead storage tanks, demonstrating how cities in the region are prioritizing reliable and high-capacity water infrastructure.
Meanwhile, in North America, the market is experiencing and increasing emphasis on community water security, watershed health, and sustainable resource management, leading to a higher water tanks demand. Initiatives that restore and conserve water systems, improve water quality, and promote regenerative agriculture are creating strong demand for reliable storage solutions capable of supporting both households and local communities. Programs such as the expansion of the Cargill Currents partnership across six United States demonstrate how localized, climate-resilient approaches are fueling the adoption of durable water tanks to safeguard water availability and enhance regional resilience.
Top global water tank market players are prioritizing innovation to enhance durability, hygiene, and sustainability. Strategies include developing multi-layered tanks that offer UV resistance, improved structural strength, and protection against algae growth. Manufacturers are also investing in advanced molding technologies to create products with higher impact resistance and longer lifespans. Alongside this, companies are emphasizing the use of food-grade and eco-friendly materials, reflecting a growing focus on consumer health and environmental responsibility.
To strengthen their market presence, leading players are adopting strategies that combine expansion, diversification, and partnerships. Many water tank companies are expanding production capacities in high-demand regions to improve accessibility and reduce supply chain costs. At the same time, firms are diversifying product portfolios with varied tank sizes to cater to residential, commercial, and agricultural needs. Strategic collaborations with governments and infrastructure projects also form part of their approach, allowing them to align with large-scale urban and rural water management initiatives.
Beltecno Corporation, established in 1947 and headquartered in Nagoya, Japan, is recognized for its expertise in stainless steel water tanks and related infrastructure. The company focuses on delivering durable, hygienic, and sustainable storage solutions tailored for industrial, commercial, and municipal applications.
Design Tanks, Incorporated, founded in 1957 and headquartered in Sioux Falls, South Dakota, United States, specializes in custom fiberglass reinforced plastic tanks. The company serves a wide range of industries by offering corrosion resistant storage systems designed for long service life and performance, thereby spurring the global water tank market revenue.
DN Tanks, Incorporated, established in 2009 and headquartered in Wakefield, Massachusetts, United States, provides prestressed concrete water storage tanks for municipal and industrial use. The company emphasizes reliability, large capacity solutions, and engineering expertise to support water infrastructure projects across the globe.
Fiber Technology Corporation, founded in 1987 and headquartered in Dubai, United Arab Emirates, is known for manufacturing glass reinforced plastic panel type water storage tanks. The company caters to global markets with modular designs that combine strength, flexibility, and ease of installation in diverse environments.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the Global Water tank industry include Pipeco Group, and several others.
Explore the latest trends shaping the Global Water Tank Market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Get a free sample report or contact our team for customized consultation on global water tank market trends 2026.
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In 2025, the market reached an approximate value of USD 4.31 Billion.
The market is projected to grow at a CAGR of 3.20% between 2026 and 2035.
Key strategies driving the market include product innovation, multi-layered and antimicrobial designs, expansion into high-demand regions, strategic partnerships, and investment in sustainable and hygienic water storage solutions.
The key trends of the market are the growing adoption of plastic tanks in commercial sector and the increasing focus by key market players to develop assorted types of tanks for specific new applications.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types of water tank in the market are steel, plastic, and fibreglass.
The major applications of water tank are household and institutional.
The significant locations of the market are underground, outdoor, and indoor.
The key players in the market include Beltecno Corporation, Pipeco Group, Fiber Technology Corporation, DN Tanks, Inc., Design Tanks, Inc.
Asia Pacific holds the largest share, driven by rapid urbanization, government-backed water infrastructure projects, and rising demand for reliable water storage solutions.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Location |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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