The geotechnical instrumentation and monitoring
market is estimated to grow at a CAGR of 11.37% from 2017 to 2022 to
reach USD 4.64 Billion by 2022. This report provides a detailed analysis
of geotechnical instrumentation and monitoring market based on
offering, network technology, structure, end user, and region. The
service segment, among offerings, is projected to grow at the highest
CAGR between 2017 and 2022.
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The growth of the geotechnical
instrumentation and monitoring market can be attributed to the awareness
about the benefits of geotechnical instrumentation and monitoring and
stringent government regulations for its implementation. The rising
number of infrastructural projects across the globe is driving the
market growth, as geotechnical instrumentation and monitoring is planned
to be implemented in almost every critical structure to maintain safety
regulations. Some of the driving factors in the geotechnical
instrumentation and monitoring markets include 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.
Key players in geotechnical instrumentation and
monitoring market are Fugro N.V. (Netherlands), Keller Group plc (U.K.),
Geokon, Incorporated (U.S.), Durham Geo Slope Indicator, Inc. (U.S.),
Nova Metrix LLC (U.S.), Geocomp Corporation (U.S.), and Sisgeo Srl
(Italy).
Fugro is a leader in geotechnical instrumentation and
monitoring applications and has an extensive array of services that are
used in geotechnical monitoring applications across structures, such as
bridges, dams, tunnels, and buildings. The company operates in more
than 60 countries and is engaged in providing geotechnical,
environmental, geological, and survey services for various structures.
The services offered by Fugro include testing and monitoring,
geoconsulting, and site investigation. In June 2016, Fugro signed a
contract with the Ministry of Economic Affairs, Netherlands, to complete
a geotechnical investigation at Hollandse Kust Zuid, a 356 km2 wind
farm zone.
Keller Group plc is dedicated to providing services
to the geotechnical instrumentation and monitoring market. The company
is engaged in a broad range of geotechnical applications. Some of the
services offered by the company include monitoring and analysis of
deformation, vibration, dust and noise monitoring, excavation
monitoring, and rail track monitoring. The company focuses on acquiring
its competitors to grow in the market. For instance, it acquired
Tecnogeo Group (Brazil) in 2016, and GeoConstruction Group (U.S.) in
2015. The company has attempted to provide sustainable alternatives
through its geotechnical instrumentation and monitoring services.
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