The report "Geotechnical Instrumentation and Monitoring Market
by Offering (Hardware & Software, Services), Technology (Wired,
Wireless), Structure (Tunnels & Bridges, Buildings & Utilities,
Dams), End user, and Region - Global Forecast to 2022" , is estimated
to be valued at USD 4.64 Billion by 2022, and is projected to grow at a
CAGR of 11.37% between 2017 and 2022. 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 infrastructure 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 adhere to safety regulations.
The Americas is estimated to hold the largest share of the geotechnical instrumentation and monitoring market by 2022
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.
Major players in the 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).
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
Of all structural segments of geotechnical
instrumentation and monitoring market, tunnels & bridges is the
fastest-growing segment during the forecast period. Bridges and tunnels
are important infrastructures and contribute majorly to the growth of a
region. Geotechnical monitoring in tunnels is important due to the
increased risks of cave-ins. Thus, it is necessary to monitor the safety
of these structures with high precision.
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