Tide Gauge Market Trends

Growth Drivers

• Growing Prevalence of Tsunami  A tide gauge is a device used to measure sea levels and detect tsunamis. The rise in sea level caused by a tsunami could be detected by tide gauges located nearby the earthquake.
• Rise in Fishing Activities The amount of fish produced worldwide increased from about 177 million metric tonnes in 2021 to approximately 183 million metric tonnes in 2022. Fish is one of the foods that is eaten frequently around the globe, and its popularity is only growing. Hence, the demand for tide gauges is on the surge. Sea fishing is greatly impacted by the tide. Some marks fish more effectively at certain tides, while others are unreachable or even dangerous at certain tides. Therefore, with the guidance of the tide gauge the fishermen could efficiently carry out their activity safely.
• Surging Use of Tide Gauge in Coastal Engineering Various coastal engineering activities such as underwater construction. Underwater work is usually needed for breakwaters, tidal barriers, harbor buildings including jetties, wharves, and docks, bridges, tunnels, outfalls, and causeways. However, analyzing seawater levels is necessary for these activities. Therefore, this factor is projected to boost the tide gauge market revenue.

Challenges

• Strict Government Regulations
• Inaccurate Data Provided by Tide Gauge – Most of the time, the data provided by the tide gauge could be inaccurate. This could be owing to the technology advancement. The tide gauge is estimated to be employed with IoT which would also increase the risk of data stealing or hacking. Even though the tide gauge is expected to provide only accurate data, erroneous data may appear for a variety of reasons, including instrument failures, shipping collisions, storm damage, and normal wear and tear.
• High Cost of Setting Tide Gauge