North America Flood Barriers Market Size By Application (Commercial and Residential), By Material (Metal, Non-Metal), By Technology (Removable Flood Barriers, Drop-Down Flood Barriers, Flip-Up Flood Barriers), By Geographic Scope And Forecast

North America Flood Barriers Market Size And Forecast

North America Flood Barriers Market size was valued at USD 146.06 Million in 2020 and is projected to reach USD 259.01 Million by 2028, growing at a CAGR of 7.68% from 2021 to 2028.

Storm surge barriers are often used to protect urban areas and infrastructure from storm surges and floods caused by the sea. This will foster North America Flood Barriers Market growth. The North America report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America Flood Barriers Market Definition

A flood barrier, also known as a surge barrier or storm surge barrier, is a form of floodgate that is meant to keep a storm surge or spring tide from flooding the region behind it. Surge barriers are usually often part of a larger flood protection system that includes floodwalls, levees (sometimes called dikes), and other man-made and natural elements. Barriers installed around or at particular buildings to prevent floodwaters from entering such structures are also known as flood barriers.

Storm surge gates/flood barriers are permanent structures that allow water to flow normally but feature gates or bulkheads that may be closed to avoid flooding during storm surges or spring tides. They have the ability to seal a river’s or waterway’s sea outlet. These barriers may be large infrastructure systems with high construction costs, and they’re frequently linked to other flood-protection measures like dikes, seawalls, and beach nourishment. Storm surge barriers are often used to protect urban areas and infrastructure from storm surges and floods caused by the sea. They’re designed to protect cities and infrastructure against storm surges and sea floods.

North America Flood Barriers Market Overview

Flooding is a natural occurrence in the environment, but it is also the most prevalent natural disaster. Extreme worldwide flooding is becoming more common, wreaking havoc on both the developed and poor worlds. In order to protect people and property against inland waterway flooding induced by rainfall, a flood defence system must be developed. Even before wildfires and storms, flooding is the most dangerous natural hazard in the United States. According to the Federal Emergency Management Agency (FEMA), over 13 million Americans live in a 100-year flood zone. However, experts have shown in recent years that the government’s estimations are significantly lower than reality.

However, The high cost of such flood barrier systems may restrict their market growth over the forecast period. The initial procurement and capital expenses, operation and maintenance costs, and event costs are the key cost components for flood barriers. The type of barrier, the length of the barrier, and the height of the barrier will all affect capital expenses.

North America Flood Barriers MarketSegmentation Analysis

The North America Flood Barriers Market is segmented on the basis of Application, Material, Technology, and Region.

North America Flood Barriers Market, By Application

• Commercial• Residential

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On the basis of Application, the North America Flood Barriers Market has been segmented into Commercial and Residential. Commercial accounted for the largest market share of 50-60% in 2021. Commercial Flood Barriers are stronger forms of flood protection for protecting commercial sites from flood damage. For example, flood gates are a great solution for vehicle entrances, ramps, and other large openings that could be damaged by flooding. Flood gates are also commonly used by municipalities to prevent floodwaters from overwhelming the city’s sewer system. They can also be used to contain spills in outdoor settings. Commercial trap bags can be effectively deployed to protect commercial property just as well as residential homes. Because they are so quick and easy to install, they are a great method of protection against anticipated storm surges.

North America Flood Barriers Market, By Material

• Metal• Non-Metal

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On the basis of Material, the North America Flood Barriers Market has been segmented into Metal, Non-Metal. Non-metal segment accounted for the fastest-growing segment in 2020. Raw materials used for manufacturing flood barriers apart from metals are included in this segment, e.g. plastic, glass, concrete, etc. Although the cost of such solutions is relatively low, these types of flood barriers is used by many to curtail the effects of floods and storms. These types of flood barriers are less costly but also sometimes less effective. This is anticipated to impede their market growth over the forecast period.

North America Flood Barriers Market, By Technology

• Removable Flood Barriers• Drop-Down Flood Barriers• Flip-Up Flood Barriers• Self-Closing Flood Barriers• Others

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On the basis of Technology, the North America Flood Barriers Market has been segmented into Removable Flood Barriers, Drop-Down Flood Barriers, Flip-Up Flood Barriers, Self-Closing Flood Barriers, Others. Removable Flood Barriers accounted for the largest market share in 2020. Removable Flood Barriers (also known as ‘demountable’ flood barriers) are designed to give similar levels of protection as permanent flood defences, but with the added benefit of being completely removable when not in use. They may be made into almost any shape, including arcs, closed rectangles, and circles, as well as long straight lines. The flood barrier may be utilized on slopes up to 20 degrees and can be stepped for steeper gradients. As a result, removable flood barriers are perfect for use as a continuous floodwall or to cover holes in buildings.

North America Flood Barriers Market, By Country

• U.S.• Canada• Mexico

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The North America Flood Barriers Market is segmented on the basis of Country intoU.S., Canada, Mexico. North America comprises of three countries – USA, Mexico, and Canada. The prosperity of this region is an outcome of its tightly integrated markets. The market shows a sturdy growth in terms of its revenue. Due to its highly diversified industrial market, the United States is dominating the North American region’s economy. Industries in this region have a greater degree of flexibility in terms of expansion and innovation in comparison to those in Europe and some parts of Asia. However, some of North America’s industries have reached a saturation point, leading to a requirement for acquiring new strategies in order to overcome the shortcomings in the market.

Key Players

The “North America Flood Barriers Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Awma Pty, Blobel, Floodgate Ltd, Presray Corporation, Flood Panel, Floodbreak, Mm Engineering, Parafoil, Stormmeister, Royal Bam Group. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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