Storm Surge Barriers Market size was over USD 2.14 Billion in 2023 and is expected to exceed USD 5.02 Billion by the end of 2036, growing at over 6.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of storm surge barriers is evaluated at USD 2.27 Billion. This rise in market revenue is anticipated to be dominated by growth in sea levels. As per the analysis of satellite data of NASA, the average worldwide sea level rose by 0.11 inches (0.27 centimeters) between 2021 and 2022. This rise in sea level is influenced by global warming that further increases the chances of storm surge destruction. Hence, storm surge barriers are gaining importance in recent years further boosting market growth.
Furthermore, there has been a surge in a number of tourists visiting coastal regions. Many of the prominent tourist locations along the coast are vulnerable to flooding and storm surges. As a result, the tourism sector provides a sizable market opportunity for storm surge barriers, as safeguarding these places may contribute to ensuring visitor safety and maintaining the destination’s attractiveness.
Growth Drivers
Substantial changes in weather patterns are linked to a rise in the global average temperature. According to scientific studies, human-induced climate change has the potential to increase the frequency or intensity of extreme weather events including big storms along with hurricanes, typhoons, and more. Atmospheric pressure is an additional factor influencing storm surge. Therefore, with the installment of storm surge barriers the prevalence of damage could be reduced.
Storm surge and sea level rise (SLR) are expected to increase the flood risks to coastal metropolitan areas. Also, the population in this region is growing significantly. About 4.4 billion individuals, or 56% of the global population, live in cities. By 2050, roughly seven out of ten people would live in cities. In order to safeguard these populations during storm surges would be difficult. Hence, in order to avoid further damage and challenging situation the adoption of storm surge barriers is growing.
Advances in technology have resulted in novel construction materials and methods that may improve the strength and effectiveness of storm surge barriers. Instead of depending on fixed structures that may be less effective in severe weather, some storm surge barriers are now being developed with moveable gates that may be opened and closed as required. Moreover, storm surge barriers may be made more effective and efficient while consuming less maintenance costs through the integration of smart technology such sensors, machine learning algorithms (MLA), and predictive analytics.
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.8% |
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Base Year Market Size (2023) |
USD 2.14 Billion |
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Forecast Year Market Size (2036) |
USD 5.02 Billion |
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Regional Scope |
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Gate Type (Flap Gates, Sector Gates, Vertical Lifting Gates, Inflatable Rubber Gates, Barge Gates, Rotary Segment Gates)
The vertical lifting gates segment in the storm surge barriers market is poised to gather the highest revenue of 41 % in the forecasted timeframe. Advantages include the capacity to hold the gate vertically above the water, which allows for better inspection and maintenance possibilities. Other benefits include less sensitivity to garbage and ice, the ability to hold a difference in water level in both directions and the need for less building space adjacent to the waterway. Unlimited clearance for navigation and a straightforward lifting mechanism and supporting construction are two major benefits of the gate kept underwater. Moreover, since oxygen cannot reach the gate when it is submerged, another benefit is that corrosion is avoided.
System Type (Fixed Barriers, Movable Barriers)
Storm surge barriers market from the moveable barriers segment is set to have notable growth, with a revenue of 60 % over the projection period. This growth of the segment could be influenced by the growing preference for moveable barriers since it allows passage. When water levels rise, movable flood barriers that are situated near river mouths, tidal inlets, and estuaries close either automatically or manually.
Our in-depth analysis of the global market includes the following segments:
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System Type |
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Gate Type |
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Construction Type |
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Structure Type |
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North American Market Forecast
The storm surge barriers market in North America is set to generate the largest revenue, registering a share of 30 % by 2036, backed by the growing frequency of floods. In the United States, a flood killed between about 30 and 190 individuals every year between 2010 and 2022. Additionally, the federal government offers a broad range of data assembling, storage, and dispersal services in assistance with integrated flood control with the adoption of internet of things (IoT) and AI. The Corps accepts the largest annual amount of federal funds for supporting united flood management for the performance of its river activities and majorly of this is dedicated to reduce river project tasks for different purposes.
European Market Analysis
The storm surge barriers market in Europe is also slated to have a tremendous rise in the upcoming years. Europe is forecasted to rebound due to rising concerns about climate change and regulatory standards. Environmental researchers are concerned that increasing temperatures might raise the probability of flooding in Northern European coastal regions. In the last few years, a number of such types of projects have been accomplished in Europe. The Netherlands, the United Kingdom, and Italy are the nations where these flood prevention methods are most prevalent. Hence, this is predicted to boost the market in this region.
Author Credits: Richa Gupta
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