Investment in water storage tanks is more than a one-time investment—it could be a strategic asset for industries and businesses seeking long-term and sustainable water storage options.
With the rising water pollution and rapid population growth, access to safe and pure water is becoming difficult. Even industries are looking for better alternative solutions for water storage to provide a reliable and continuous water supply.
Finding good quality with economical water storage tank prices could be a real challenge for the industries.
So, If you are also an industry looking for a cost-effective, durable, and sustainable water storage tank, this blog is the perfect choice!
In this blog, we will discuss water storage tank prices and things you should keep in mind when buying one.
Before we dive into the details, let’s start by understanding the current market prices for water storage tanks tailored to industrial needs.
According to data from Justdial, water storage tank prices in India vary significantly based on specific industry requirements. By examining the factors that influence these prices, businesses can make well-informed decisions when selecting tanks that best suit their needs.
Now, let’s explore these key factors in detail to see how they impact the cost of water storage tanks.
As mentioned above, market price fluctuations are naturally reflected in prices, but the following factors are also important when determining whether prices are appropriate.
The material used in water storage tanks could be one of the primary factors that directly influence its price. Stainless steel water tanks can have a high initial investment value but it could be cost-efficient in the long run.
The material used in the making of the water storage tanks can impact the water tank's quality and durability.
On the other side, plastic tanks and concrete tanks have low-moderate initial investment costs but due to frequent leakages and contamination issues, they need to be frequently replaced.
Large tanks need to withstand high pressure and the weight of substantial amounts of water, which demands a robust design and structure. The engineering and design processes to ensure safety and durability contribute to higher costs.
The complexity of installation—such as the need for specialized labor or equipment—along with ongoing maintenance, significantly influences water storage tank prices. Proper maintenance, including cleaning, repairs, and inspections, ensures tank longevity but adds to operational costs over time.
However, stainless steel tanks are comparatively easier to maintain, requiring minimal upkeep due to their corrosion resistance, durability, and low susceptibility to contamination, which can ultimately reduce long-term maintenance costs.
The location and environmental conditions where water tanks are installed significantly influence the overall cost due to several factors. These include transportation expenses, insulation needs, material durability, and compliance with local regulations, all of which add to the base price of the tank.
Also read: https://www.beltecno-global.com/blog/ss-panel-tanks-industrial-applications
A well-established brand with a strong reputation often commands higher prices due to perceived quality, reliability, and customer trust.
Consumers are willing to pay a premium for products from reputable manufacturers because they associate them with better durability, performance, and customer service. This can lead to lower long-term costs, as reliable brands are less likely to require frequent repairs or replacements.
Customization can significantly impact the cost of water tanks. Tailored solutions that meet specific requirements, such as size, shape, and additional features, usually incur higher manufacturing and design costs.
However, customized tanks can provide better functionality and efficiency, leading to potential savings in maintenance and operational costs over time.
If you're looking to customize your tanks to meet specific industrial requirements, don’t hesitate to Contact Us.
When considering costs, it is natural to want to keep initial costs down, but in recent years, there has been an increase in the number of companies that take a comprehensive view of costs other than initial costs and look at long-term ROI indicators. Below, we will introduce some of these indicators.
Although the initial investment cost in stainless steel tanks is higher than that of plastic or concrete tanks it saves maintenance and costs in the long run. Plastic tanks or concrete tanks require high-level maintenance because of water contamination issues and leakages in the tanks.
Other than the economic value of a tank, companies, and industries should always consider choices that are environment-friendly. Poor quality tanks not only hinder the company’s efficiency but also affect the environment negatively. Focusing on sustainability can yield a good return on investment in the long run.
Good-quality water storage tanks ensure a sustainable and continuous supply of water which adds value to the company. It reduces the dependency of industries on the secondary sources of water supply which ultimately results in cost savings.
Now that we've identified the key factors and understood the difference between stainless steel tanks, plastic tanks, and concrete tanks, it's time to understand a comprehensive approach to ROI calculation. Here's the formula:
ROI (%) = [(Total Benefits - Total Costs) / Total Costs] x 100
Total Benefits: Include all the anticipated benefits over the expected lifespan of your water storage tanks. This encompasses operational savings, avoided downtime costs, and environmental benefits.
Be meticulous in your calculations, as these long-term benefits can often outweigh the initial investment.
Total Costs: This encompasses not only the initial investment but also ongoing maintenance costs and any operational expenses tied to the system. Be sure to factor in the total cost of ownership over the system's lifespan.
|
Criteria |
Stainless Steel Water Tanks |
Plastic Water Tanks |
Concrete Water Tanks |
|
Price |
High initial cost; premium pricing |
Low to moderate cost; affordable option |
Moderate to high cost; labor-intensive installation |
|
ROI (Return on Investment) |
Long-term ROI due to low maintenance, resistance to corrosion, and long lifespan. |
Quick ROI due to low upfront investment, but may need frequent replacement |
Moderate ROI; higher installation costs. |
|
Lifespan |
30+ years |
8-15 years depending on exposure to elements |
Generally, 20-50 years but a huge maintenance cost is required. |
In this blog, we read about all the points you need to know about water storage tank prices before you invest in one. It is important to understand that cost-effectiveness is necessary but not at the expense of bad-quality tanks.
If you are looking for a budget-friendly option without compromising on the tank’s quality, the Beltecno stainless steel storage tank would be the perfect choice for you.
If you want to learn more about how we can assist you in getting your perfect SS tank please Contact Us.