Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.92 Billion | USD 34.07 Billion | 11.4% | 2022 |
FrequentlyAsked Questions
Flood barrier is referred to as a barrier that is placed at individual buildings for preventing floodwaters from entering the building. Furthermore, a flood barrier is a structure made by humans for protecting an area or region from getting flooded. The significance of a flood barrier depends on the location and purpose of the barrier. Citing an instance, if a city is situated in a low-lying region that is susceptible to floods, then a flood barrier can help in protecting the city from getting damaged.
The global flood barrier market is projected to expand over 2023-2030 due to the rise in the number of construction projects in coastal & low-lying regions.
According to a study, the global flood barrier market size was $15.92 billion in 2022 and is projected to reach $34.07 billion by the end of 2030.
The global flood barrier market is anticipated to record a CAGR of nearly 11.4% from 2023 to 2030.
The North American flood barrier industry is set to register the fastest CAGR over the forecasting period subject to a rise in the floods witnessed in the U.S. due to seasonal fluctuations. Moreover, huge rainfall witnessed in some of the states such as Florida in the U.S. has enhanced the demand for flood barrier systems in the region.
The global flood barrier market is led by industry players such as IBS Technics GmbH, PS Industries, the Flood Company, FloodBreak, US Flood Control, AWMA Water Control Solutions, Blobel Umwelttechnik, Denilco Environmental Technology, AquaFence, NoFloods, Haiyan Yawei, Muscle Wall, MM Engineering, StormMeister, HSI Services, and Flood Control International.
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