Geotechnical Instrumentation and Monitoring Market:
Growth opportunities in the geotechnical instrumentation and monitoring market look promising over the next six years. This is mainly due to the expansion in government strategies to initiate heavy introduction to heavy infrastructure projects. heavy infrastructure projects
Geotechnical Instrumentation and Monitoring Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The factors responsible for the propelling growth in the global geotechnical instrumentation and monitoring include the increasing government initiatives and investment towards substantial infrastructural projects led by the rapid urbanization and industrialization throughout the world. For instance, the Australian government initiated a project to build a metro from Oceania to Sydney and also included the construction of highways and toll roads with a remarkable investment of 14.7 billion. At present, this account to be the largest infrastructural project under construction in the Asia-Pacific region and also resulted in enormous demand for these instruments to survey and map the land before construction. Moreover, the augmenting finance and investment required to build large infrastructures, including dams, railways, and building, strengthening the market size. For example, the Indian Government will disburse around US$ 500 billion for the development of infrastructure, and as of March 2021, there were over 1,698 central government projects under execution which comprises 469 mega projects such as railways, roads tunnels, and bridges. Thus, it resulted in the stimulation of market demand. However, high capital cost concerned with the installation and supervision, variation in a price range that depends on location are anticipated to obstruct the market growth.
Technology Segment Drivers
Based on the technology, wireless is predicted to expand at a higher CAGR over the forecast period. This is majorly because of the growing demand for monitoring performance to ensure security during the structure’s life.
Application Segment Drivers
Based on the application, tunnels and bridges are projected to dominate the market over the forecast period. This is primarily attributed to the growing investment by the government across the nation. The United States, in 2021, declared an infrastructural plan of US$ 2 trillion, including ports, public transportation, bridges, tunnels, roads, ports, and airports.
Geotechnical Instrumentation and Monitoring Market’s leading Manufacturers:
- Innovative Geotechnical Instrumentation
- GaiaComm Ltd
- Geocomp Corporation.
- GEOTECHNICS LIMITED
- WJ Groundwater Limited
- W. Cole Engineering, Inc.
- Fugro
- Advanced Geophysics Instruments
- DST Consulting Engineers Inc
- Deep Excavation LLC
- EKO Instruments
- Coffey International.
- Monitoring Solution Providers Pte Ltd
Geotechnical Instrumentation and Monitoring Market Segmentation:
Segmentation by Component
- Services
- Hardware
- Software
Segmentation by Technology
- Wired
- Wireless
Segmentation by Application
- Tunnels and Bridges
- Buildings
- Dams
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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