Storm Surge Barriers Market Trends

Growth Drivers

• Growing Prevalence in the Severe Weather

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.

• Rise in Urbanization

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.

• Surge in Demand for Advanced Technologies

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

• High Maintenance Cost
• Cause Flooding on Landward Side - Both surge barriers and closure dams may have the drawback of generating flooding on the landward side of the barriers when river levels are high or, in the instance of movable barriers if the defense is closed for a longer amount of time. Flooding on the landward side of the barrier arises as a result of water accumulating there as the barrier prevents further river flow.
• Lack of Prevalence by the Government for its Construction