Geotechnical Instrumentation Monitoring Market Overview
The geotechnical instrumentation and monitoring market 2020 can procure a growth rate of 12% from 2017 to 2023 (appraisal period), reveals Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
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Top Boosters and Main Deterrents
The need to continuously supervise and monitor construction projects has boosted the use of geotechnical instrumentation and monitoring technology. This technology helps enhance the accuracy as well as the quality of the designed projects, leading to its higher demand in the construction industry. Since geotechnical instrumentation and monitoring provides multiple benefits such as efficiently analyzing the initial site status, observing the key method and offering safety and protection, it is bound to find extensive applications across diverse end-user sectors worldwide.
The global geotechnical instrumentation and monitoring market can also benefit significantly on account of the rising number of noncritical construction activities projects around the globe, such as slopes, excavations and tunnels. The frequent technical innovations in the sensor industry along with the rising deployment of instrumentation in emerging countries with untapped potential can also provide the market with a host of lucrative opportunities in the following years.
The increased spending on infrastructural development across countries, strict government measures regarding the sustainment of infrastructures and the mounting awareness with regard to GTIM tools can also be conducive for market growth. The opportunities in Asia Pacific are abundant, given the massive investments going into the energy and oil & gas industry, which boosts the growth of the geotechnical instrumentation and monitoring market.
Geotechnical Instrumentation Monitoring Market Segmental Review
The Geotechnical Instrumentation and Monitoring Industry can been dissected with respect to component, technology, application and industry vertical.
The component-based sections in the study are software, services as well as hardware. The hardware-wise segments are piezometers, sensors, extensometers, inclinometers, and others. The services available in the market are monitoring services, installation and designing service, and more.
Technology-dependent categories can be wired networking as well as wireless networking.
The key applications covered are dams, buildings, tunnels and bridges, and others.
With respect to the industry vertical, the market has been considered for energy & power, construction and infrastructure, agriculture, oil & gas, and more.
Geotechnical Instrumentation Monitoring Market Key Players
Some of the renowned market vendors are Fugro (Holland), DST Consulting Engineers Inc (Canada), S. W. Cole Engineering, Inc (U.S.), Deep Excavation LLC (U.S.), Coffey International (Australia), WJ Groundwater Limited (U.K), Geotechnics Limited (U.K), Geocomp Corporation (U.S.), EKO Instruments (Japan), Monitoring Solution Providers Pte Ltd (Singapore), and more.
Some more prominent firms in the global industry are American Geotechnical Inc.(U.S.), Innovative Geotechnical Instrumentation (India), Geotechnics Ltd. (New Zealand), Quantum Geotechnical (U.K), Marton Geotechnical Services Ltd (MGS) (U.K), HMA Geotechnical Systems Australia Pty (Australia), Geotechnical Services, Inc (U.S.), Land-Drill Geotechnics Ltd (U.K.), Cascade Geotechnical Inc. (Canada), Canterbury Seismic Instruments Ltd (New Zealand), Petra Geotechnical, Inc. (U.S.), M.A.E. Advanced Geophysics Instruments (Italy), GaiaComm Ltd. (Greece), Wardle Drilling & Geotechnical Ltd. (U.K), Geotest Instrument Corporation (U.S.), Ace Instrument Co., Ltd (South Korea), to name a few.
Geotechnical Instrumentation Monitoring Market Regional Insight
The geotechnical instrumentation and monitoring market marks the study for regions like North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand) and rest of the world (including the Middle East, Africa, and South America).
The global market leader is North America, as the region observes a high number of construction projects that require advanced technologies like geotechnical instrumentation and monitoring services. Another chief reason cited for the market lucrativeness can be the increasing number of government initiatives that promote the use of this technology to ensure infrastructural safety. The surge in technical advancements in the positioning system across the United States can also bolster the market growth for geotechnical instrumentation and monitoring in the region.
The APAC market can gain at the fastest rate in the coming years, as the economic growth across India and China has been quite rapid in recent years, which has boosted the investment capacity of the leading players.
Trimble Monitoring has launched a new software platform, Trimble 4D Control software/T4D, for real-time monitoring of projects that include dams and mines, critical transportation infrastructure, buildings and natural hazards around the construction sites.