Global Geotechnical Instrumentation and Monitoring Market: Market Research by Knowledge Sourcing intelligence


Geotechnical Instrumentation and Monitoring Market to be worth $3.3 billion



Geotechnical Instrumentation refers to the instruments used to monitor geotechnical projects or sites requiring such monitoring. The geotechnical instrumentation & monitoring market was valued at US$1.986 billion in 2017 and is projected to expand at a CAGR of 9.24% over the forecast period to reach US$3.375 billion by 2023. Geotechnical instrumentation and monitoring are essential for the successful completion of a geotechnical project. Growing infrastructural investments across different countries all over the world, stringent regulations related to the building structures and raising awareness among the masses are the key driving factors contributing to the growth of the geotechnical and instrumentation monitoring market. Major industry players in the market are GEOKON incorporated, Deep Excavation LLC, Geocomp Corporation, Sisgeo S.r.l, James Fisher & Sons plc, Eustis Engineering LLC, Nova Metrix LLC, Keller Group plc and RST Instruments Ltd.



Important benefits of Geotechnical Instrumentation and Monitoring

·  Geotechnical instrumentation and monitoring is extensively used for the monitoring and operations of man-made structures like dams, mines, bridges, etc. These are very helpful to the engineers and technicians due to the use of remote monitoring facility and real-time data availability.
·    Geotechnical instrumentation and monitoring help in environmental monitoring by keeping an eye on groundwater level and garbage dump stability. The instruments used in these cases are susceptible to rust and can hold up against high temperature. This benefit will help the Geotechnical instrumentation and monitoring market size grow and expand because of the increasing awareness about protecting the environment and the ill effects on health due to continuous climate changes.
·   Geotechnical instrumentation and monitoring protect the people from troubles of costing a great fortune by supplying legitimate evidence in case of owners of surrounding buildings submit a report of damage during construction.

Market Segmentation

Geotechnical instrumentation and monitoring market is segmented based on application, product, and geography. By application, the market is classified as Building & Infrastructure, Power Generation, Mining, and Others. The geotechnical instrumentation and monitoring market analysis show that the building and infrastructure will account for the largest share of the market. This is due to the increased investment in construction and maintenance activities and its use in applications such as lateral and vertical deformation monitoring and rock/soil stress measurement.

By product, the market is classified as Hardware, Software, and Services. The services product type segment contributes a significant share in the market. The services can be categorized as monitoring, consultation, and installing, where monitoring involves the monitoring of structures, installation involves the installation of systems and consultation involves consultation regarding the use and deployment of hardware and software.

By geography, the market is classified as North America, South America, Middle East, and Africa, Europe, and The Asia Pacific. Asia Pacific holds a significant Geotechnical instrumentation and monitoring market share because of the increasing industrialization and urbanization. There is an increased investment in infrastructure in various countries in the region which will support the demand for the market. Also, the advancement in technologies will result in boosting growth.

Key questions answered in this report:

  • How has the geotechnical instrumentation and monitoring market performed so far and how it will perform in the future?
  • What are the key regional markets in the geotechnical instrumentation and monitoring industry?
  • What are the various segments in the geotechnical instrumentation and monitoring industry?
  • What are the factors that are driving the growth of the industry?
  • What are the recent developments and the key players in the industry?

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