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Ireland Storage Tank & Tower Industry Analysis
The Overhead/Elevated Water Storage Tanks & Towers industry in Ireland is currently experiencing steady growth due to the rising demand for water storage facilities for various industries such as agriculture, pharmaceutical, and food processing. Additionally, the increase in population and urbanization has also led to a surge in demand for water storage tanks and towers for municipal water supply.
Construction of New Projects:
There is a growing number of construction projects for water storage tanks and towers in Ireland. For instance, in 2021, Irish Water announced a ?12m project to construct a new water storage tank in Co. Meath, with a capacity of 10 million liters. Additionally, there are several ongoing and upcoming projects for water storage facilities across the country, which are expected to boost the growth of the industry.
Major Drivers:
The major drivers of the Overhead/Elevated Water Storage Tanks & Towers industry in Ireland include the need for reliable and efficient water storage solutions, increasing demand for water in various industries, population growth, and urbanization. Additionally, government initiatives and investments in the water sector, such as the National Development Plan, are also expected to drive the growth of the industry.
Industry Outlook:
The future outlook for the Overhead/Elevated Water Storage Tanks & Towers industry in Ireland is positive. The increasing demand for water storage solutions is expected to continue due to the growth of various industries and the rising population. Additionally, the government's investments in the water sector are expected to create new opportunities for the industry. However, the industry may face some challenges such as the rising cost of raw materials and competition from alternative water storage solutions.
Local References:
In Ireland, the construction of water storage facilities has become a key focus for the government and various industries. For instance, Irish Water is currently investing in the development of new water storage solutions to meet the increasing demand for water in the country. Additionally, various construction companies such as Roadbridge and Coffey Construction have been involved in the construction of new water storage facilities across Ireland, indicating a positive outlook for the industry.
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