A storage tank is designed for storing hazardous and non-hazardous products such as petroleum, chemical, and water. These storage tanks are available in various sizes and shapes to suit the requirements of multiple industries. For instance, floating roof, fixed roof, and dome-shaped storage tanks are used in the oil & gas and chemical industries. The growing construction of liquefied natural gas (LNG) terminals and gas pipelines and the rapid installation of underground storage tanks are likely to boost the growth of the global market during the forecast period.
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Key market players operating in the global storage tank market are TOYO KANETSU K.K. (Japan), Ishii Iron Works Co., Ltd. (Japan), Pfaudler (US), MEKRO Sp. z o.o. (Poland), CST Industries (US), McDermott (US), PermianLide (US), Highland Tank & Manufacturing Company, Inc. (US), Fox Tank Company (US), T.F. Warren Group (Canada), and Superior Tank Co., Inc. (US).
In North America, the presence of key manufacturers, such as Highland Tank & Manufacturing Company, Inc., T.F. Warren Group, and Fox Tank Company, in the US and Canada and the strong government support for the development and advancement of the industrial sector are some of the factors that are expected to drive the growth of the market.
A storage tank is designed for storing hazardous and non-hazardous products such as petroleum, chemical, and water. The industrial development and the improving economic conditions in emerging countries in South America and the Middle East & Africa are set to drive the growth of this market during the forecast period. The storage tank manufacturers in North America and Asia-Pacific are focusing on expanding their operations in the Middle East & Africa and South America, which is also contributing to the growth of this market.
In terms of region, the Global Storage Tank Market for the storage tank is segmented into North America, Europe, Asia-Pacific, and the rest of the world. In 2018, Asia-Pacific held the largest share in the global storage tank market and is projected to register the highest growth rate over the forecast period. This can be attributed to increased manufacturing activities and growing disposable income across the region. However, Europe is expected to witness significant growth during the forecast period due to the increasing oil product trade activities and stock holding volumes and stringent government regulations in the region.
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 20
TABLE 2 LIST OF ASSUMPTIONS 22
TABLE 3 NEW PRODUCT DEVELOPMENT: - KEY DEVELOPMENT ANALYSIS, 2015 TO 2019 26
TABLE 4 MERGER & ACQUISITION & PARTNERSHIP: - KEY DEVELOPMENT ANALYSIS, 2015 TO 2019 27
TABLE 5 EXPANSION: - KEY DEVELOPMENT ANALYSIS, 2015 TO 2019 28
TABLE 6 DYSON: PRODUCTS/SERVICES OFFERED 30
TABLE 7 DYSON: KEY DEVELOPMENTS 30
TABLE 8 SHARP CORPORATION: PRODUCTS/SERVICES OFFERED 33
TABLE 9 SHARP CORPORATION: KEY DEVELOPMENTS 34
TABLE 10 PANASONIC CORPORATION: PRODUCTS/SERVICES OFFERED 37
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LIST OF FIGURES
FIGURE 1 GLOBAL AIR PURIFIER MARKET: MARKET STRUCTURE 22
FIGURE 2 BENCHMARKING OF MAJOR COMPETITORS 24
FIGURE 3 MAJOR MANUFACTURER REVENUE MARKET SHARE ANALYSIS, 2018 (VALUE) 25
FIGURE 4 MAJOR ONLINE PLAYERS REVENUE MARKET SHARE ANALYSIS, 2018 (VALUE) 25
FIGURE 5 DYSON: FINANCIAL SNAPSHOT, 2016–2018 (USD MILLION) 29
FIGURE 6 DYSON: SWOT ANALYSIS 31
FIGURE 7 SHARP CORPORATION: FINANCIAL SNAPSHOT, 2016–2018 (USD MILLION) 32
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