Geotechnical Instrumentation and Monitoring Market

According to a research report "Geotechnical Instrumentation and Monitoring Market with COVID-19 Impact Analysis by Offering, Networking Technology (Wired, Wireless), Structure (Bridges & Tunnels, Buildings & Utilities, Dams, Others), End User and Geography - Global Forecast to 2026" is expected to reach USD 5.1 billion by 2026 from USD 3.2 billion in 2021, at a CAGR of 9.6% during the 2021-2026 period.

Browse 204 market data Tables and 74 Figures spread through 246 Pages and in-depth TOC on "Geotechnical Instrumentation and Monitoring Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/geotechnical-instrumentation-monitoring-market-221101423.html

Rising infrastructure investments, increasing adoption of geotechnical instruments to prevent structural failures, government regulations for sustainable structures, and growing awareness about the benefits of instrumentation and monitoring tools are some of the major factors contributing to the market growth.

Geotechnical instrumentation and monitoring services to hold the largest market share during the forecast period

The number of market players offering geotechnical instrumentation and monitoring services is more than the companies offering instruments and software. Different types of instruments needed for geotechnical monitoring include inclinometers, piezometers, extensometers, and sensors among others. The data collected from these instruments is provided to the software for analysis. These solutions help to identify structural damages at an early stage and enable a high degree of structural safety. Though the hardware and software solutions can be reused after purchase, many companies that purchase these solutions rent them to other companies, which is considered as a service, making the services segment accounting for a larger market share than the hardware & software segment.

Wireless networking technology to register the highest growth in the geotechnical instrumentation and monitoring market during the period 2021 and 2026

Technological advancements related to wireless technology have led to the development of products to which conventional instruments such as strain gauges, piezometers, inclinometers, linear voltage displacement transducers, and accelerometers can be attached for centralized data collection and analysis. The growing demand for wireless networking technologies for geotechnical instrumentation and monitoring is a major factor contributing to the high market growth for wireless networking technology. However, wired networking technology is expected to hold the largest share of the market owing to the large adoption of wired instruments for geotechnical monitoring.

Asia Pacific to register the highest growth in the geotechnical instrumentation and monitoring market during the forecast period

Asia Pacific is expected to register the highest growth in the geotechnical instrumentation and monitoring market during the forecast period. The major factors driving market growth include the increasing investments related to infrastructure and directives by governments for the compulsory use of geotechnical instrumentation and monitoring for various structures. The growing population in many Asia Pacific countries has led to rapid urbanization which has led to the commencement of several infrastructure projects, thereby, driving the market growth. 

The report profiles key players such as Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon (US), Geocomp Corporation (US), Sisgeo S.r.l. (Italy), COWI A/S (Denmark), James Fisher and Sons (UK), Deep Excavation LLC (US), and RST Instruments (Canada).

Buildings & Infrastructure to account for the largest market share during the forecast period

Buildings & Infrastructure segment is projected to account for the largest share of the global geotechnical instrumentation and monitoring market during the forecast period. Mandates in several countries for the compulsory adoption of geotechnical instrumentation and monitoring and the need for regular monitoring of critical structures such as dams, tunnels, bridges and buildings are the major factors contributing to the market growth. This segment is also an early adopter of geotechnical instrumentation and monitoring and is expected to dominate the market during the forecast period.

Don’t miss out on business opportunities in Geotechnical Instrumentation and Monitoring Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]