Steel silos hold a considerably large share of the global market owing to its high durability and better structural design
Steel silo components are generally manufactured at one single plant/site, hence the quality of these silo is highly controlled and homogeneous. Moreover, the steel silos are highly flexible as compared to concrete or wooden silos because they can easily be erected, can survive drastic earthquake situations and can be easily accessorized with doors and ladders. In addition to this, steel silos are made from galvanized steel, which ensures the protection of outer layer of the silo from any kind of corrosion or deformation. The segment held more than 60% of the global silo market in 2017.
On the basis of application, the agriculture segment is expected to exhibit the highest growth rate during the forecast period
Silos have emerged out as a highly effective tool for the farmers and has revolutionized the agriculture trends. Silos hold a key importance in agriculture as they allow the farmers to store grains and seeds in bulk and prevents them from perishing. Silos technology is being rapidly deployed in the countries with higher population and high agricultural output such as India and China, as they allow the farmers to meet the quality storage of the agricultural output for longer times. Moreover, incorporation of the silos with the enhanced technological features such as temperature control, environment control and computerized vigilance is driving the agriculture sector towards even higher adoption of upgraded silos.
