Tide Gauge Market size is anticipated to reach USD 10 billion by the end of 2035, expanding at a CAGR of 7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of the tide gauge was USD 4 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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ USD 4 Billion |
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Forecast Year Market Size (2035) |
~ USD 10 Billion |
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Regional Scope |
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Application (Hydrographic Charting, Coastal Engineering, Offshore Oil & Gas, Port & Harbor Management, Fishing Industries)
Tide gauge market from the offshore oil & gas segment is projected to generate the largest revenue by the end of 2035. This growth could be encouraged by the growing demand for oil & gas. In 2022, worldwide demand for crude oil (including biofuels) was about 98 million barrels per day, and in 2023, it is predicted to reach approximately 100 million barrels per day. Hence, the activities of offshore drilling are anticipated to rise. Moreover, it is projected that there is more availability of oil & gas in the deep sea which is also estimated to drive the growth of the market.
Type (Float Type Tide Gauge, Pressure Type Tide Gauge, Acoustic Tide Gauge, Telemetry Tide Gauge)
The float-type tide gauge segment in the tide gauge market is expected to have noteworthy growth over the forecast period. The main benefit of a float gauge over a standard staff gauge is that it is easier to read a float gauge than a traditional staff gauge at high tides or when there are more variations in the level of the water. Additionally, although technology has advanced, flotation devices, which were the first self-recording tidal gauges, are still in common usage. These tools are generally trustworthy and not extremely complicated. Highly skilled workers are not necessary to maintain and use them if high accuracy is not required. Hence, the demand for float-type tide gauges is on the rise.
Our in-depth analysis of the global tide gauge market includes the following segments:
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Application |
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Type |
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APAC Market Analysis
The Asia Pacific tide gauge market would forecast to have the highest revenue share by the end of 2035, backed by the rising maritime industry, expanding the coastal zone, port, and harbor management and development in developing countries including China and India in this region, as well as the quickening exploration of new areas for oil and gas deposits. Also, the sea level is rising in this region owing to the rigorous melting of glaciers. Therefore, to keep track of the sea level in this region the demand for the tide gauge market is growing.
North American Market Forecast
The tide gauge market in North America for tide gauges is set to have significant growth over the forecast period. The adoption of the Internet in tide gauge is expanding this region owing to which the market demand is also growing.
Author Credits: Smruti Ranjan, Rajrani Baghel
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