Published Date: 22-Dec-2021
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According to a new report Global Geotechnical Instrumentation and Monitoring Market, published by KBV research, The Global Geotechnical Instrumentation and Monitoring Market size is expected to reach $5,113.6 million by 2027, rising at a market growth of 8.2% CAGR during the forecast period.
Various kinds of devices required for geotechnical monitoring involve inclinometers, extensometers, piezometers, and sensors among others. The data gathered from these devices is then forwarded to the software for analysis. These devices assist to detect structural damages at an early phase and allow a superior level of structural safety. The higher concentration of service vendors providing different types of services is a major aspect boosting the growth of the Services.
Factor such as the surge in demand for wireless networking technologies for geotechnical instrumentation and monitoring is responsible for the growth and demand for the wireless networking technology segment. This is attributed to the larger adoption of wired instruments for geotechnical monitoring.
The requirement for constant tracking of critical structures, such as dams, bridges, tunnels, and buildings, is driving the growth of the segment. In addition, geotechnical instrumentation and monitoring techniques were adopted the by buildings & infrastructure segment in the early phases. Therefore, the Buildings & Infrastructure segment would continue to dominate the market in the upcoming years.
The North America market dominated the Global Geotechnical Instrumentation and Monitoring Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,757 million by 2027.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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