Global Real-time Flood Monitoring and Warning System Market: Overview
According to a new report pertaining to the global real-time flood monitoring and warning system market published by Transparency Market Research the global real-time flood monitoring and warning system market is projected to reach a value of ~US$ 277 Mn by 2027. The real-time flood monitoring and warning system market is projected to expand at a CAGR of ~6% from 2019 to 2027. Growth of the market can be attributed to growing investments in environmental monitoring systems. Over the forecast period, Asia Pacific is anticipated to grow rapidly in the real-time flood monitoring and warning system market. In terms of share, the market is dominated by North America, followed by Asia Pacific. In the real-time flood monitoring and warning system market, the hardware segment was valued at ~US$ 70 Mn in 2017, and is expected to reach ~US$ 124 Mn by 2027, expanding at a CAGR of ~6% during the forecast period.
- Rising Number of Natural Disasters– Incidents of natural disasters have increased over the years. Imbalance in the environmental cycle and rising global warming have increased the number of water-related natural disasters. Floods are a common and major disaster, which result in huge economic losses as well as loss of life. High volume loss has led to a rise in the demand and need for real-time flood monitoring and warning systems that have the ability to detect the threat of upcoming floods, which could reduce both, direct as well as indirect losses.
- Increased Government Focus on Preventive Steps for Flood and Other Natural Disasters– The governments of many countries in Asia Pacific as well as across the globe have increased their focus on taking preventive steps to deal with natural disasters such as floods and earthquakes. Major customers of real-time flood monitoring and warning systems across the globe are government and public organizations. The governments of various countries are installing real-time flood monitoring and warning systems to cope with natural disasters and reduce the risk of loss. This increased need to prevent floods and take proper measures prior to their occurrence is increasing the demand for real-time flood monitoring and warning systems.
Real-time Flood Monitoring and Warning System Market: Regional Outlook
In terms of region, the global real-time flood monitoring and warning system market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the global real-time flood monitoring and warning system market during the forecast period. Asia Pacific is expected to see increasing growth in the real-time flood monitoring and warning system market, with China, India, and Japan being the major markets in the region. The real-time flood monitoring and warning system markets in the Middle East & Africa, Europe, and South America are also expected to expand rapidly during the forecast period.
The report provides in-depth segment analysis of the global real-time flood monitoring and warning system market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries that hold growth opportunities or account for significant shares has also been included as part of the geographic analysis of the real-time flood monitoring and warning system market.
Real-time Flood Monitoring and Warning System Market: Competition Dynamics
The research study includes the profiles of leading companies operating in the global real-time flood monitoring and warning system market. Key players profiled in the report include Vaisala, Taiwan Water & Soil Instrumentation, Inc., Sutron Pessl Instruments, Campbell Scientific, Inc., HWM-Water Ltd, High Sierra Electronics, Inc., Valarm, Arteria Technologies Private Limited, Hanwell Solutions Ltd., Lynker, Riverside Technology, Inc., SysEng (S) Pte Ltd., Hydro International UK Ltd, and Vieux & Associates, Inc.
Real-time Flood Monitoring and Warning System Market: Segmentation
The global real-time flood monitoring and warning system market has been segmented in terms of component, access type, end user, and region.
Based on component, the market has been segmented into:
Based on access, the market has been segmented into:
- Web Browsers (Internet)
- Mobile Devices (WAP)
Based on end user, the market has been segmented into:
- Inland Fisheries
- Transport & Logistics
- Tourism & Outdoor Entertainment
Based on region, the market has been segmented into:
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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