Storm Surge Barriers Market Size & Share, by System Type (Fixed Barriers, Movable Barriers); Gate Type (Flap Gates, Sector Gates, Vertical Lifting Gates, Inflatable Rubber Gates, Barge Gates, Rotary Segment Gates); Construction Type (Land Based Construction, Water Based Construction); Structure Type (Single Stage Structure, Multi-Stage Structure) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5104
  • Published Date: Jul 24, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 – 2035

Storm Surge Barriers Market size is predicted to surpass USD 7 Billion by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of storm surge barriers was around USD 2 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.


Storm Surge Barriers Market
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Storm Surge Barriers Market: Growth Drivers and Challenges

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

Storm Surge Barriers Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~7%

Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2035)

~ USD 7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Storm Surge Barriers Segmentation

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:

 

     System Type

  • Fixed Barriers
  • Movable Barriers

 

 

 

     Gate Type

  • Flap Gates
  • Sector Gates
  • Vertical Lifting Gates
  • Inflatable Rubber Gates
  • Barge Gates
  • Rotary Segment Gates

 

     Construction Type

  • Land Based Construction
  • Water Based Construction

 

     Structure Type

  • Single Stage Structure
  • Multi Stage Structure

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Storm Surge Barriers Industry- Regional Synopsis

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 2035, 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.

Research Nester
Storm Surge Barriers Market Size
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Companies Dominating the Storm Surge Barriers Landscape

top-features-companies
    • Trelleborg Marine and Infrastructure
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BMK Consortium SDN. BHD.
    • AquaFence USA LLC
    • Hollandsche Beton Groep NV
    • Van Hattum and Blankevoort B.V.
    • Costain Group PLC
    • Hitachi Zosen Corporation
    • ACI Worldwide, Inc.
    • Hydrological Solutions
    • Maxon Industries, Inc.

In-the-news

In The News

  • At the Molinos Agro S.A.-owned San Benito Terminal in the Port of San Lorenzo, Santa Fe, Argentina, Trelleborg Marine & Infrastructure successfully installs its cutting-edge Parallel Motion Fenders. The new fender systems were created in a record-breaking 14 hours, and they were installed at the San Benito Terminal in cooperation with Orengo y Asociados & AC Ingeniera to future-proof terminal operations.
  • The new Hurricane and Storm Risk Reduction System in the New Orleans region is the largest Corp of Engineers project ever built in the United States, costing USD 14.6 billion. The system, which encloses the New Orleans region with almost 350 miles of levees, floodwalls, surge barriers, and navigable floodgates, is intended to prevent flooding equivalent to the 100-year flood that occurred after Hurricane Katrina.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5104
  • Published Date: Jul 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are the growing prevalence of severe weather, rise in urbanization, and surge in demand for advanced technologies.

The market size of storm surge barriers is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2035.

The major players in the market are BMK Consortium SDN. BHD., AquaFence USA LLC, Hollandsche Beton Groep NV, Van Hattum and Blankevoort B.V., Costain Group PLC, Hitachi Zosen Corporation, ACI Worldwide, Inc., Hydrological Solutions, Maxon Industries, Inc. and others.

The moveable barriers segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Storm Surge Barriers Market Report Scope
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