Tide Gauge Segmentation
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 2037. 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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