LONDON--(BUSINESS WIRE)-- According to the global automatic floodgate market research report by Technavio, the market will post a CAGR of more than 13% during the period 2019-2023.

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Technavio has published a new market research report on the global automatic floodgate market for the period 2019-2023. (Graphic: Business Wire)

Automatic floodgates have several advantages such as greater efficiency and faster response time that reduces any possibility of severe damage. Another major advantage of automatic floodgates is that they are deployed automatically without any power source. These gates remain hidden until the flood occurs and thereby, do not require storage space for their components. Automatic floodgates have already gained popularity in several countries across the globe, especially in developed countries such as the US and the UK.

This global automatic floodgate market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the increased vendor penetration as one of the key trends in the global automatic floodgate market:

Global automatic floodgate market: Increased vendor penetration

The increase in vendor penetration is a major trend being observed in the market. Though manual floodgates have existed for a long time, the automatic floodgates are slowly gaining popularity. There are fewer vendors who offer automatic floodgates when compared with manual floodgates. However, new players are expected to enter the market during the forecast period owing to the increasing demand and high growth rate.

“Several vendors offering manual floodgates are expected to start offering automatic floodgates during the forecast period. Additionally, many new players will enter the untapped markets as the competition would be low. In India and Indonesia, very few players exist and hence, the competition is low. These conditions favor the entry of new players,” says a senior research analyst at Technavio.

Global automatic floodgate market: Segmentation analysis

This automatic floodgate market analysis report segments the market by end-user (commercial and residential) and geography (the Americas, APAC, and EMEA).

The commercial segment held the largest automatic floodgate market share in 2018, accounting for over 66% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The EMEA region led the market in 2018 with more than 46% of the market share, followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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