Whats Putting Geotechnical Instrumentation and Monitoring Market to grow at high?

The geotechnical instrumentation and monitoring market is estimated to reach USD 4.64 Billion by 2022, growing at a CAGR of 11.37% between 2017 and 2022. The growth of the market is attributed to the increasing infrastructural investment across various countries all over the world, catastrophic failure of structures resulting in loss of lives, stringent environmental regulations pertaining to the sustainability of structures, and increasing awareness and superior benefits of geotechnical instrumentation and monitoring.

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To estimate the size of geotechnical instrumentation and monitoring market, the top players and their share in this market have been considered. This research study involves the extensive use of secondary sources, such as the American Society of Civil Engineers (ASCE), the British Geotechnical Association (BGA), the IEEE Standards Association, the Australian Geomechanics Society, the International Journal of Geotechnical Engineering, a study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts.

The research methodology is explained below:

• Analyzing the overall size of the individual markets through percentage splits with the help of primary and secondary research
• Analyzing the market segments and subsegments
• Analyzing the supply and demand sides of the geotechnical instrumentation and monitoring ecosystem
• Analyzing the market trends in various regions and countries, supported by the ongoing research and development (R&D) in these regions
• Finalizing the overall market sizes by triangulation with supply-side data, which includes product developments, supply chain, and estimated sales of the geotechnical instrumentation and monitoring market

Market Ecosystem

The geotechnical instrumentation and monitoring market includes component manufacturers, such as Geokon, Incorporated (U.S.), Geotechnical Instrumentation (South Africa), RST Instruments Ltd. (Canada), and Nova Metrix LLC (U.S.); and service providers such as Fugro N.V. (Netherlands), Geocomp Corp. (U.S.), Nova Metrix LLC (U.S.), Keller Group plc (U.K.), and COWI A/S (Denmark).

The Americas is estimated to have the largest share of the geotechnical instrumentation and monitoring market by 2022. The major reason for this large market share is the high number of projects that are implementing geotechnical instrumentation and monitoring solutions in the region. The Americas has always been the leader in implementing this technology and is very particular about the safety of its structures.

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