The Latin America, Middle East and Africa Geotechnical Instrumentation and Monitoring Market would witness market growth of 12.1% CAGR during the forecast period (2021-2027).
Geotechnical instrumentation required in a project relies on the complications of the project, as projects like tunnels, excavations, and dams next to sensitive structures witness massive demand for geotechnical instrumentation. The structural and soil deformities are some of the major factors that are considered while choosing geotechnical instrumentation, stresses depending on structural elements, and groundwater pressure and inflows. Factors such as a rise in investments associated with infrastructure and regulations by governments for the compulsory utilization of geotechnical instrumentation and monitoring for several structures.
The installation of the instrumentation is because it offers superior quality, monitoring in-service performance, construction control, and design verification. Furthermore, the growth of the market would unlock growth prospects due to the rapid technological developments in the domain of sensors.
The Brazil market dominated the LAMEA Geotechnical Instrumentation and Monitoring Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $104.5 million by 2027. The Argentina market is anticipated to grow at CAGR of 12.7% during (2021 - 2027). Additionally, The UAE market would exhibit CAGR of 11.8% during (2021 - 2027).
Based on Component, the market is segmented into Services and Hardware & Software. Based on structure, the market is fragmented into Bridges & Tunnels, Buildings & Utilities, Dams, and Others. Based on networking technology, the market is segmented into Wire and Wireless. Based on End User, the market is segmented into Buildings & Infrastructure, Energy & Power, Oil & Gas, and Mining. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Geotechnical Instrumentation and Monitoring Market is Predict to reach $5,113.6 million by 2027, at a CAGR of 8.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fugro N.V., COWI A/S, James Fisher and Sons plc, John Wood Group plc, Keller Group plc, Terracon, Geosense ltd., GEOKON, Sisgeo S.r.l., and Geocomp Corporation.
By Component
By Structure
By Networking technology
By End User
By Country
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