Geotechnical instrumentation is known to provide various benefits to engineers and construction workers. It provides data in every stage of a project. Geotechnical instrumentation and monitoring are essential for the effective completion of construction projects. Prominent reasons for the deployment of instrumentation is the capability of such a solution to provide quality control, monitoring in-service performance, construction control, and design verification, among many other features.
The global geotechnical instrumentation and monitoring market is expected to upscale at a fast pace during the forecast period. This MRFR report has suggested that the market is expected to register a lucrative CAGR of 12% during the forecast period. The global geotechnical instrumentation and monitoring market is likely to reach a market valuation of approximately 5 billion by the end of the forecast period.
Several factors are mentioned in the report are contributing to the growth of the market. Rising awareness towards various advantages of geotechnical instrumentation and monitoring, coupled with increasing investments across several countries such as India and China are driving the global market. Further, technological advancements in the field of sensors and growing prominence of instrumentation in several untapped economies are anticipated to drive the global market during the forecast period. However, higher cost of integration of monitoring solutions is hampering market growth.
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Some noteworthy players in the global geotechnical instrumentation and monitoring market, as mentioned in the latest MRFR analysis include eep Excavation LLC (U.S.), Geocomp Corporation (U.S.), DST Consulting Engineers Inc (Canada), Fugro (Holland), Monitoring Solution Providers Pte Ltd (Singapore), S. W. Cole Engineering, Inc (U.S.), Coffey International (Australia), WJ Groundwater Limited (U.K), EKO Instruments (Japan), Geotechnics Limited (U.K).
Other vendors profiled in the market report include GaiaComm Ltd. (Greece), M.A.E. Advanced Geophysics Instruments (Italy), Innovative Geotechnical Instrumentation (India), Geotechnics Ltd. (New Zealand), Quantum Geotechnical (U.K), Geotechnical Services, Inc (U.S.), Petra Geotechnical, Inc. (U.S.), American Geotechnical, Inc.(U.S.), Wardle Drilling & Geotechnical Ltd. (U.K), Land-Drill Geotechnics Ltd (U.K.), Cascade Geotechnical Inc. (Canada), Canterbury Seismic Instruments Ltd (New Zealand), Ace Instrument Co., Ltd (South Korea), HMA Geotechnical Systems Australia Pty (Australia), Geotest Instrument Corporation (U.S.), Marton Geotechnical Services Ltd (MGS) (U.K).
The global geotechnical instrumentation and monitoring market is studied on the basis of various segments based on application, technology, industry vertical, and region. Based on components, the market is segmented into hardware, services, and software. The hardware segment is studied for the sub-segments of piezometers, sensors, inclinometers, and extensometers. The service segments is further segmented into monitoring services, and installation & designing market.
By technology, the market is segmented into wireless networking and wired networking. By application, the global geotechnical instrumentation and monitoring market is segmented into buildings, dams, and tunnels and bridges. By industry, the global market for geotechnical instrumentation and monitoring market is segmented into energy & power, oil & gas, infrastructure, and agriculture.
Detailed Regional Analysis
On the basis of region, the Geotechnical Instrumentation and Monitoring Market is segmented into North America, Europe, Asia Pacific, and rest of the world. North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand) and rest of the world (including the Middle East, Africa, and South America). North America accounted for a dominant share of the geotechnical instrumentation and monitoring market during the forecast period. North America is witnessing fast paced growth owing to the mounting projects that are deploying geotechnical instrumentation and monitoring solutions. Initiatives undertaken by the government for the implementation of this technology for the safety of the infrastructure in the region is another factor boosting the regional market growth.
However, higher cost of deployment and installation, coupled with a sluggish rate of adoption are hampering the market growth in certain developing countries such as India, China, and the Middle East & Africa. Additionally, Europe comprises many market giants that operate in the geotechnical instrumentation and monitoring market. This is expected to promote the geotechnical instrumentation and monitoring market growth over the forecast period, in the region. Higher concentration of key players is known to permit the European region to compete with North America in the same league, in terms of market share.
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global Geotechnical Instrumentation And Monitoring Market: By Region, 2017-2023
Table3 North America Geotechnical Instrumentation And Monitoring Market: By Country, 2017-2023
Table4 Europe Geotechnical Instrumentation And Monitoring Market: By Country, 2017-2023
Table5 Asia Pacific Geotechnical Instrumentation And Monitoring Market: By Country, 2017-2023
LIST OF FIGURES
FIGURE 1 Global Geotechnical Instrumentation And Monitoring Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Geotechnical Instrumentation And Monitoring Market
FIGURE 4 Value Chain Of Global Geotechnical Instrumentation And Monitoring Market
FIGURE 5 Global Geotechnical Instrumentation And Monitoring Market, 2017-2023
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