Geotechnical Instrumentation And Monitoring Market Trends
The Geotechnical Instrumentation And Monitoring Global Market Report 2023 by The Business Research Company, provides geotechnical instrumentation and monitoring market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Geotechnical Instrumentation And Monitoring Global Market Report 2023, the market size will grow from $3.55 billion in 2022 to $4.01 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the geotechnical instrumentation and monitoring is expected to grow to $6.11 billion in 2027 at a CAGR of 11.1%.
A rise in infrastructure investments across various countries is expected to propel the growth of the geotechnical instrumentation and monitoring market going forward. Infrastructure refers to physical structures such as bridges, highways, roads, and sewage systems. Geotechnical instruments help in monitoring the structure and process of an infrastructure, which is done during the construction activity. These help in detecting faults in construction and reduce the risk.
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The Geotechnical Instrumentation And Monitoring Market Is Segmented:
Geotechnical Instrumentation And Monitoring By Component:
Hardware
Software
Services
Geotechnical Instrumentation And Monitoring By Technology:
Wired Networking
Wireless Networking
Geotechnical Instrumentation And Monitoring By Structure:
Tunnels and Bridges
Buildings and Utilities
Dams
Other Structures
Geotechnical Instrumentation And Monitoring By End User:
Energy and Power
Buildings and Infrastructure
Mining
Agriculture
Oil and gas
Others End Users
Top Key Players:
Geomotion Singapore
Geocomp
Durham Geo
Geosig
RST Instruments Ltd.
The introduction of real-time monitoring inclinometer is a key trend gaining popularity in the geotechnical instrumentation and monitoring market. Major companies operating in the geotechnical instrumentation and monitoring market are focused on the introduction of real-time monitoring inclinometer to reinforce their position. For instance, Soil Instruments, a UK-based manufacturer of premium quality geotechnical and monitoring products has launched a product named ‘GEOSmart’. ‘GEOSmart’ is an in-place inclinometer comprised of MEMS (Micro-Electro-Mechanical Sensors) installed on stainless steel tubing with a single cable running the length of the string, reducing the number of cables protruding from the top of the borehole. It provides real-time monitoring of displacement in geotechnical applications including diaphragm walls, embankments, retaining walls, landslides, and potential slope failures. GEOSmart is conveniently transported to the site and can be installed by one site technician due to its lightweight robust construction.
The geotechnical instrumentation and monitoring market report table of contents includes:
1. Executive Summary
2. Geotechnical Instrumentation And Monitoring Market Characteristics
3. Geotechnical Instrumentation And Monitoring Market Trends And Strategies
4. Geotechnical Instrumentation And Monitoring Market – Macro Economic Scenario
5. Geotechnical Instrumentation And Monitoring Market Size And Growth
…..
26. Africa Geotechnical Instrumentation And Monitoring Market
27. Geotechnical Instrumentation And Monitoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Geotechnical Instrumentation And Monitoring Market
29. Geotechnical Instrumentation And Monitoring Market Future Outlook and Potential Analysis
30. Appendix
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