Rising Need for Industrial Storage Tanks

The Indian storage tank market is growing at an impressive pace as a result of an array of underlying factors driving the industrial and infrastructure sectors' expansion. As a result of the fast-paced urbanization and industrialization happening throughout the country, the need for storage tanks is going up exponentially, which involves a variety of purposes from storing oil and gas to storing water. One of the key factors that shape the rapid growth of this industry is the booming oil and gas sector in India. The country's rising energy needs, which are also part of its national goals to enhance domestic production, have led to a tremendous increase in oil and gas exploration and production projects. Consequently, large number of storage facilities need to be built to store crude oil, refined petroleum products and natural gas which will in turn further the need for storage tanks.

Besides, the government's projects on building infrastructure, including highways, airports and industrial corridors, have significantly contributed to this demand. These tanks are indispensable for storage of different things, for example, water, chemicals, and industrial liquids, that are vital for implementation of construction and infrastructure projects. The other point is that the issue of water conservation and management has been given more attention. Therefore, there have been more investments in water storage infrastructure. Water storage tanks play an integral part in the storing of water for irrigation, industrial processes, and domestic use which contributes to the development of the supply of water storage tanks.

In this issue, we acquaint you with the top companies in this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top companies that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.

We look forward to receiving your feedback and suggestions.