Tide Gauge Market Size

Tide Gauge Market size was valued at USD 4.28 Billion in 2023 and is likely to cross USD 10.18 Billion by the end of 2036, expanding at more than 6.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of tide gauge is estimated at USD 4.55 Billion. The growth of the market is set to be dominated by the growth in seawater levels owing to climate change. Globally, there has been a rise in sea level by about 3.4 ± 0.3 mm over the last 30 years from 1993 to 2022. Between 1993 and 2002 and 2013 and 2022, the rate of rise doubled, and between January 2021 and August 2022, the sea level increased by nearly 5 mm. Hence, the use of tide gauges is surging. Understanding the sea level allows scientists to calculate whether the seas are increasing or decreasing over time, further analyzing potential damage, especially to coastal areas.

Additionally, there has been growing innovation in the development of the tide gauge. The tide gauge which was recently in use was difficult to install and maintain since it was required to be near water. As an alternative, the Satellite Tide Gauge is a sensor that may be installed on a structure or another piece of equipment that could measure sea levels from a distance. The technology depends on the reflection of radio waves off of the ocean's surface. It makes use of broadcasts from Global Navigation Satellite Systems (GNSS), which include those from GPS, Galileo, and related satellites. Therefore, the growth of the market demand is anticipated to rise.