The Global Real-Time Flood Monitoring and Warning System Market is expected to grow at a significant growth rate, and the analysis period is 2023-2030, considering base year as 2022
A situation known as flooding occurs when rain or river water covers a sizable portion of the land. It is also known as a transient rise in water levels that causes water to temporarily spill over and out of a manmade or natural impoundment onto typically dry land, as in a river, lake, or along a seacoast. Moreover, one of the flood management techniques is a real-time sensor-based flood monitoring and warning system. This system has a warning or alert mechanism in place to notify people in addition to monitoring the flood. By taking steps like anticipating, evaluating, simulating, and monitoring water levels, losses from floods can be reduced. Moreover.
The Real-time Flood Monitoring and Warning System assists both federal and local government agencies, including counties, municipalities, and water providers, in warning citizens about impending floods and assigning teams to implement flood mitigation strategies. Moreover, 5,338 Water-Related Disasters (WRD) that occurred between the year 2000 and the end of 2018 have been identified; these WRDs have resulted in over 326,000 fatalities and over USD 1.7 trillion in economic losses globally. Of all WRDs, flooding was reported in roughly 54% of them. With 41% of all flood disaster incidents, Asia seems to be the most severely affected continent, followed by Africa (23%), the Americas (21%), Europe (13%), and Oceania (3%).
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Players Covered in Real-time Flood Monitoring and Warning System Market are:
Pessl Instruments, Hydro International UK Ltd., Campbell Scientific Inc., Arteria Technologies Private Limited, HWM-Water, High Sierra Electronics Inc., Valarm, Hanwell Solutions Ltd., Lynker, Riverside Technology Inc., SysEng (S) Pte Ltd., Vieux & Associates Inc., and other major players.
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Introspective Market Research specializes in delivering comprehensive market research studies that offer valuable insights and strategic guidance to businesses worldwide. With a focus on reliability and accuracy, our reports empower informed decision-making.
An in-depth examination of the overall Real-Time Flood Monitoring And Warning System industry is done to provide this market report encompassing all essential market fundamentals. Our findings are built upon a solid foundation, drawing from a wide range of primary and secondary sources. To further enhance the comprehensiveness of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
Segmentation Analysis of the Real-Time Flood Monitoring And Warning System Market
By Type
- Hardware
- Software
- Services
By Access
- Web Browser (Internet)
- Mobile Devices (WAP)
By Application
- Agriculture
- Government
- Media
- Tourism & Outdoor Entertainment
- Transport & Logistic
- Others
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By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Developments in Real-time Flood Monitoring and Warning System Market
In January 2021, Paige Wireless and Metos USA formed a technological collaboration for the distribution and promotion of LoRaWAN solutions and network capability throughout the U.S.
In July 2019, Advanced Environmental Monitoring purchased Davis Instruments Corporation to build its portfolio in hydrology, meteorology, and broader environmental monitoring
In September 2019, CIMCON Lighting, Inc. declared that the company has increased US$ 33 Mn in funding, including US$ 23 Mn in Series C funding and a US$ 10 Mn revenue-sharing facility. The funding was accompanied by Digital Alpha. The investment within smart cities is turning the deployment of real-time flood monitoring & warning systems, as it is one of the important components in disaster management for smart cities. The primary focus of the funds raised was to extend sales and marketing efforts to accomplish the demands of smart cities over the globe.
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