Luton, Bedfordshire, United Kingdom, May 23, 2025 (GLOBE NEWSWIRE) — The global diaphragm tank market is experiencing steady expansion, driven by rising demand for sustainable water storage and pressure maintenance across industrial, municipal, and residential sectors. With a market value estimated at $1.2 billion in 2024, projections point to a $2.1 billion valuation by 2034, underpinned by a compound annual growth rate (CAGR) of 6.2%.Pentair is positioning itself as a leader in smart fluid managementExpected to drive adoption in North America and EuropeThis move enhances Norwesco’s competitive edge by localizing productionWill strengthen Norwesco’s presence in the agriculture, water infrastructure, and construction sectorsThis acquisition aligns with A. O. Smith’s long-term strategy to diversify geographicallyExpected to strengthen A. O. Smith’s Latin American foothold, enhance brand visibility, and deliver tailored solutionsThese tanks are engineered for demanding industrial, pharmaceutical, and food processing applicationsStrengthens GEA’s premium product segment, with anticipated uptake in Europe, North America, and high-end APAC marketsThis partnership underscores Schneider Electric’s focus on customized, scalable energy and water solutionsExpected to enhance Schneider’s market penetration in India and Southeast Asia
(GlobeNewsWire)