This report on the
global Expansion Tank Market from Reports and Data provides a comprehensive
analysis of the current and emerging market trends along with key industry
developments to assist users, readers and investors in understanding market
scenarios fully.A thorough primary and secondary research was conducted to
formulate the report, and the data was verified by experts and experts in the
field. Diagrams, graphs, tables, figures, and other pictorial presentations
were used to present the data in a professional manner.
The global expansion market size was significantly robust in 2020 and is
expected to register a double-digit revenue CAGR over the forecast period.
Increasing use of expansion tanks in domestic hot water systems, in cooling
systems in automobiles, and in large-scale pumping stations are some key
factors expected to drive market revenue growth over the forecast period.
Expansion tanks relieve high water pressure of the systems which prevents major
build-up and prevents potential damage to plumbing fixtures, water pipes, and
water heater. Rapid economic growth in developing countries has been resulting
in increasing deployment across various industrial and commercial sectors,
which is expected to drive revenue growth of the market going ahead.
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Market Overview:
Over the past few
years, the manufacturing and construction industry has steadily expanded in
terms of revenue, and during the forecast period, 2021-2028, it is expected to
grow at a robust rate. A number of factors have contributed to this, including
rapid growth in the construction and building industries, rapid
industrialization and urbanization across the globe, and technological advancements
in manufacturing. Due to growing awareness of environmental impact and carbon
emissions in recent years, green construction and energy efficient buildings
have become increasingly popular. The global market is expected to grow during
the forecast period due to factors such as a rapidly growing global population,
changing lifestyle preferences, the increasing demand for smart buildings, an
increase in renovations and reconstructions worldwide, and an increase in
eco-friendly construction activities. Other factors expected to boost global
market growth include rising disposable income, government schemes, and private
investments to support manufacturing and construction industries.
Competitive
Landscape:
The global market
comprises various market players operating at regional and global levels. These
key players are adopting various strategies such as license agreements,
partnerships, merger and acquisitions, collaborations, R&D investments, and
joint ventures to gain robust footing in the market. Some of the major key companies operating in the global Expansion Tank Market Report
include
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Market Segmentation:
Type
Outlook:
·
Volume below 5 gallons
·
Volume 5–10 gallons
·
Volume above 10 gallons
Application Outlook:
·
Commercial
·
Industrial
·
Automotive
·
Others
Regional Outlook:
·
North America (U.S., Canada, Mexico)
·
Europe (Germany, U.K., Italy, France,
BENELUX, Rest of Europe)
·
Asia Pacific (China, India, Japan, South
Korea, Rest of Asia Pacific)
·
Latin America (Brazil, Rest of LATAM)
·
Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of Middle East & Africa)
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