Storm Surge Barriers Market Share

North American Market Forecast

North America industry is predicted to dominate majority revenue share of 30% by 2037, 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.