North America Storage Tank Equipment Market Size & Share 2026-2035

North America Storage Tank Equipment Market Size

The North America storage tank equipment market was estimated at USD 2.1 billion in 2025. The market is expected to grow from USD 2.2 billion in 2026 to USD 4 billion in 2035, at a CAGR of 6.7% according to latest report published by Global Market Insights Inc.

Increased concerns about the importance of having safe and efficient storage options in the oil and gas industry and chemical processing will increase the need for storage tank equipment. There will be the increased need for reliable equipment that guarantees safety of stored substances and compliance without any risk of leaks and contamination. Storage tank equipment presents an ideal solution for existing facility operators as they provide them with safe and reliable means of access to fluid substances.

Growing interests in safety and efficiency within the oil and gas and chemical processing companies will drive increased demand for storage tank equipment. Advanced storage tank equipment solutions guarantee compliance by their users in a variety of aspects, including but not limited to petroleum storage, chemical processing, and water treatment plants. The industry needs storage tank equipment for ensuring safety of their operations and reliable processes. Today's storage tank equipment can offer high levels of safety and efficiency. Changes in regulatory requirements in North America will drive increased demand for storage tank equipment.

There is a need for a variety of products in the storage tank equipment market. As a result, oil and gas companies as well as those engaged in the process of chemical production need to buy storage tanks to make sure that they have safe places where the materials can be stored.

There are several aspects to be mentioned as far as above ground storage tanks are considered the largest market segment now. To begin with, it is necessary to point out that such storage places should be easily accessible and visible so that it would become possible to increase the level of efficiency in the sphere. Besides, monitoring is needed to keep the material stored there safe and secure.

Comprehensive storage tank solutions represent the largest segment on the market as these are those that can be utilized for storage, as well as for monitoring and material handling. What is more, safety and protection equipment occupies a really important place on the market since these products can be utilized in a number of facilities due to certain similarities of requirements.

North America Storage Tank Equipment Market Trends

The importance of safety control and monitoring capabilities is gaining much ground in this market segment since users are looking for equipment that offers reliable performance and ease of use. This highlights the strength of this market segment in meeting all the demands of the industry with regards to safety monitoring capabilities and efficient operations. The following are some of the main reasons why this market segment has emerged in response to growing trends in the industry including increased awareness about safety standards for petroleum storage and increasing demand for storage tanks with effective pressure relief systems. Conventional storage systems are not practical in the present day because of safety concerns. Monitoring pressure and levels is among the critical components of storage tank equipment, which are vital for ensuring safety and compliance for operators with very high safety standards.

Flexible storage tank equipment systems have been employed in the oil and gas industry considering the nature of its storage activities. Operators were seeking flexible equipment systems that enable them to meet their needs without having to employ separate systems. Modern storage tank equipment continues to perform excellently due to their reliable performance in harsh conditions. The chemical processing companies have already deployed storage tank equipment in order to conduct their activities. It is possible to create safe conditions for storing chemicals and handling materials with the aid of storage tank equipment. The processing plants have already searched for the storage tank equipment that is capable of delivering precise safety controls during its operations. The presence of sophisticated monitoring systems within the storage tanks has enabled the maintenance of appropriate conditions during the process of storage. The experts within the field of chemical processing have already employed the storage tank equipment that possesses real-time monitoring, automation, and validation properties to pursue their operations. There are also industrial plants that have already sought the storage tank equipment that could be incorporated within the existing processing systems.

The attributes such as reliability and maintenance are some of the factors that have been considered while selecting a supplier of storage tank equipment. There is flexibility of design and scalability possibilities of the storage tank equipment according to the needs of users. The characteristics of storage tank equipment include automation and modularity of monitoring systems. Such systems are more advantageous than conventional products due to the above-mentioned characteristics.

North America Storage Tank Equipment Market Analysis

Based on tank type, the North America storage tank equipment market is divided into aboveground storage tanks and underground storage tanks. The aboveground storage tanks segment accounted for revenue of around USD 1.4 billion in 2025 and is anticipated to grow at a CAGR of 6.5% from 2026 to 2035.

• The aboveground storage tanks segment dominates the market due to critical requirements for accessible storage solutions and the need for reliable monitoring capabilities for petroleum and chemical storage. Aboveground storage tank equipment serves diverse applications including safety monitoring, access systems, and fluid handling.
• Aboveground storage tank equipment offers versatile design options including vertical and horizontal configurations, pressure relief systems, and automated monitoring solutions. The category provides options for all facility types and storage needs with features like level gauges, pressure sensors, and emergency venting systems. Modern aboveground storage tank equipment incorporates current technology trends while maintaining safety and operational efficiency.
• Growing demand for petroleum storage capacity, chemical processing facilities, and regulatory compliance drives adoption of aboveground storage tank equipment. Operators require reliable systems that maintain safe storage environments for their operations. Advanced features like real-time monitoring and automated safety controls encourage investment beyond basic systems.
• The combination of critical functionality, design variety, and advanced features positions aboveground storage tanks as the leading segment in the market.

Based on type, the North America storage tank equipment market is segmented into safety and protection equipment, access and structural components, monitoring and measurement tools, fluid handling and transfer equipment, and others. The safety and protection equipment segment held 28.3% of the total market share in 2025 and is anticipated to grow at a CAGR of 7.2% from 2026 to 2035.

• The safety and protection equipment segment leads the storage tank equipment market due to stringent regulatory requirements for storage safety and operational compliance. Storage facilities require safety equipment to ensure material protection and regulatory compliance.
• Safety and protection equipment provides critical safety functions with precise control over pressure relief, emergency venting, and fire protection. Advanced safety systems enable compliance with EPA regulations and industry safety standards. The technology ensures consistent operational safety and reduces risk during storage operations.
• Increasing petroleum storage volumes and chemical processing capacity drive segment dominance. Storage operators require safety equipment for pressure management, overfill prevention, and emergency response. Companies invest in advanced safety infrastructure to meet evolving regulatory standards and maintain operational safety.
• The regulatory requirements and safety focus position safety and protection equipment as the dominant type in the market, though monitoring and access components represent significant growth opportunities.

North America Storage Tank Equipment Market

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The U.S. held 76.5% of the total market share in 2025 and is anticipated to grow at a CAGR of 7% from 2026 to 2035.

• The U.S. leads the storage tank equipment market due to large petroleum refining capacity and extensive chemical processing infrastructure. Direct relationships with equipment manufacturers allow facility operators to specify exact requirements and receive customized solutions.
• U.S. storage facilities including refineries, chemical plants, and distribution terminals require comprehensive equipment solutions. Large-scale operations enable detailed facility assessments, custom design solutions, and integrated equipment delivery. Operators benefit from installation services, safety validation, and ongoing maintenance through established relationships.
• Complex storage requirements and customization needs drive U.S. market dominance. The petroleum and chemical sectors provide technical expertise and project management capabilities essential for successful equipment implementation. Customers value the direct relationship for system design, regulatory compliance support, and long-term service partnerships.
• The operational scale and infrastructure density position the U.S. as the dominant market in the market, supported by comprehensive safety standards and regulatory frameworks.

North America Storage Tank Equipment Market Share

OPW Engineered Systems is leading the industry, holding an estimated 18% market share. Together with OPW Engineered Systems, Emco Wheaton, PROTEGO, SafeRack, and Sam Carbis Solutions Group, these prominent players collectively hold around 52% of the market. These prominent players are proactively involved in strategic endeavors, such as mergers and acquisitions, facility expansions, and collaborations, to expand their product portfolios, extend their reach to a broad customer base, and strengthen their market position.

OPW Engineered Systems is recognized for comprehensive storage tank equipment solutions with advanced safety and monitoring capabilities. The company offers complete equipment systems serving petroleum, chemical, and industrial storage facilities with varying complexity levels. Strong focus on safety innovation, technical expertise, and regulatory compliance makes OPW a preferred partner for large-scale storage projects. Extensive global presence and engineering capabilities support customers across diverse geographic locations.

North America Storage Tank Equipment Market Companies

Major players operating in the North America storage tank equipment industry are:

• Cashco
• Discus Engineered Products
• Dixon Valve & Coupling
• Emco Wheaton
• Excel Loading Systems
• Fort Vale Engineering
• Franklin Electric (Fueling Systems)
• Hemco Industries
• Midland Manufacturing
• Morrison Brothers Co.
• OPW Engineered Systems
• Petro-Meter
• PROTEGO
• SafeRack
• Sam Carbis Solutions Group

Emco Wheaton combines innovative engineering technology with fluid handling expertise to deliver loading arms and transfer equipment solutions. The company provides swivel joints and loading systems that align with current industry standards while maintaining quality and performance. Strategic focus on material compatibility and petroleum applications strengthens Emco Wheaton's competitive position. Broad product range serves various fluid handling needs from loading arms to vapor recovery systems.

North America Storage Tank Equipment Industry News

• In February 2026, OPW Engineered Systems announced completion of a major petroleum terminal equipment upgrade project in Texas. The project features advanced automated monitoring systems and state-of-the-art safety control equipment. The facility demonstrates OPW's continued leadership in petroleum infrastructure and storage tank equipment engineering.
• In January 2026, PROTEGO introduced new pressure relief valves with enhanced performance and safety features. The new product line includes improved response times and advanced materials for chemical compatibility. Advanced engineering technology provides superior overpressure protection for petroleum and chemical storage applications.
• In November 2025, SafeRack launched premium fall protection systems featuring innovative design and enhanced safety capabilities. The collaboration addresses growing demand for worker safety in storage tank operations. Products feature modular construction, ergonomic design, and regulatory compliance certification.
• In September 2025, Emco Wheaton received industry recognition for its loading arm systems featuring innovative vapor recovery design and superior operational reliability. The award-winning products combine high-efficiency vapor control, extended service life, and reduced maintenance requirements. The recognition demonstrates continued innovation in fluid transfer equipment focused on safety and environmental performance.

The North America storage tank equipment market research reports include in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2022 to 2035, for the following segments:

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Market, By Type

• Safety and protection equipment
• Access and structural components
• Monitoring and measurement tools
• Fluid handling and transfer equipment
• Others

Market, By Tank Type

• Aboveground Storage Tanks
• Underground Storage Tanks

Market, By Material

• Carbon steel
• Stainless steel
• Aluminum
• Fiberglass reinforced plastic (FRP)

Market, By Capacity

• Small (Less than 1,000 m³)
• Medium (1,000-10,000 m³)
• Large (Over 10,000 m³)

Market, By Application

• Oil & gas

• Chemical
• Water & wastewater
• Petrochemical
• Agriculture
• Power generation
• Others

Market, By Distribution channel

• Direct sales
• Indirect sales

  
  The above information is provided for the following countries:

• North America
  • U.S.
  • Canada