15-May-2023 | Zion Market Research
The global flood barrier industry size was nearly $17.4 Billion in 2022 and is anticipated to surge to approximately $25.2 Billion by 2030 along with recording the highest growth rate of nearly 11.4% from 2023 to 2030.
Flood barrier is a barrier that is placed at construction sites to avoiding waters from rivers, lakes, and seas from entering the residential as well as commercial and industrial buildings. In addition to this, a flood barrier is made by humans for safeguarding an area from getting flooded. Precisely, a flood barrier is a particular type of floodgate that is placed at individual buildings for preventing floodwaters from entering the building. It comprises of floodwalls & levees and its significance depends upon the location of the barrier. There are numerous examples of flood barriers witnessed across the globe such as the Thames Barrier, which is the largest mobile flood barrier across the globe and is situated in London, the capital city of the UK. In addition to this, there are a large number of proposed flood barriers including Ike Dike and New York Harbor.
Rising awareness among the people staying in the vicinity of coastal areas about the key advantages of setting up flood barriers will promulgate the scope of the global flood barrier market expansion. Apart from this, the humungous popularity of cost-effective flood barrier solutions will spearhead the global market expansion. With governments favoring the surge in the number of construction ventures across the globe with an increasing population will propagate the growth of the market across the globe. A prominent increment in investments in research activities for building novel flood barrier systems will foster flood barrier industry development. With the smart city concept gaining traction, the probability of the market expanding by leaps & bounds are high in the coming years.
The global flood barrier market is sectored into type, application, and region.
The type segment of the flood barrier market is sub-segmented into the drop-down flood barriers segment, self-closing flood barriers segment, flip-up flood barriers segment, and others segments. Furthermore, the drop-down flood barriers segment, which contributed more than 40% of the global market revenue in 2022, is slated to register the fastest CAGR of 4.1% during the forecast timespan. The segmental surge over 2023-2030 can be a result of beneficial features of the drop-down flood barriers such as safeguarding roller shutter entrances of doors from floods as well as protecting garage basements and storages from floods.
In terms of application, the flood barrier industry across the globe is divided into residential, commercial, and others segments. Furthermore, the commercial segment, which contributed for nearly three-fourths of the global industry revenue share in 2022, will continue to do so even during the forecast period. The segmental growth over the projected timespan can be credited to the large-scale application of flood barriers in the commercial sector that include hotels, retail shops, malls, and clinics.
Furthermore, the global flood barrier market in North America is set to register the highest gains of 11.7% in the forecasting timeline. The regional market growth over the forecasting years can be credited to an increase in the number of floods in the countries such as Canada and the U.S. owing to global warming. In addition to this, a high proportion of rainfall witnessed in a few states of the U.S. such as Florida and California has increased the demand for flood barrier technologies in the North-American sub-continent.
Browse the full “Flood Barrier Market By Type (Flip-Up Flood Barriers, Removable Flood Barriers, Self-Closing Flood Barriers, Drop-Down Flood Barriers, and Others), By Application (Commercial, Residential, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.” Report at https://www.zionmarketresearch.com/report/flood-barrier-market
The global flood barrier market profiles key players such as:
By Type
By Application
By Region
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