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Geotechnical Instrumentation And Monitoring Global Market Report 2022

Geotechnical Instrumentation And Monitoring Global Market Report 2022

  • July 2022
  • 175 pages
  • ID: 6310801
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the geotechnical instrumentation and monitoring market are Geomotion Singapore, Geocomp, Durham Geo, Geosig, RST Instruments Ltd., Fugro, Keller, Nova Metrix, Geokon, Sisgeo, Cowi, James Fisher And Sons, Smart Structures, RST Instruments, and Eustis Engineering.

The global geotechnical instrumentation and monitoring market is expected to grow from $3.07 billion in 2021 to $3.54 billion in 2022 at a compound annual growth rate (CAGR) of 15.1%. The geotechnical instrumentation and monitoring market is expected to grow to $5.44 billion in 2026 at a CAGR of 11.4%.

The geotechnical instrumentation and monitoring market consists of sales of geotechnical instrumentation and monitoring hardware and software by entities (organizations, sole traders, and partnerships) that are used to monitor geotechnical structures and the environment.Geotechnical instrumentation and monitoring are used to monitor pressure or stress on retaining walls, concrete structures, embankments, tunnel linings, and buildings.

This market includes strain gauges, survey markers, load cells, and piezometers.

The main types of components in geotechnical instrumentation and monitoring are hardware, software, and services.Hardware in geotechnical instrumentation involves inclinometers, extensometers, piezometers, load-pressure cells, which are used to measure the parameters.

The different technologies include wired and wireless networking and involve various structures such as tunnels and bridges, buildings and utilities, dams, and others. It is employed in several sectors, including energy and power, buildings and infrastructure, mining, agriculture, oil and gas, and others.

North America was the largest region in the geotechnical instrumentation and monitoring market in 2021.Asia Pacific is the second largest region in the geotechnical instrumentation and monitoring market.

The regions covered in the geotechnical instrumentation and monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The geotechnical instrumentation and monitoring market research report is one of a series of new reports that provides geotechnical instrumentation and monitoring market statistics, including geotechnical instrumentation and monitoring industry global market size, regional shares, competitors with a geotechnical instrumentation and monitoring market share, detailed geotechnical instrumentation and monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the geotechnical instrumentation and monitoring industry. This geotechnical instrumentation and monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

For instance, in October 2021, according to the data by the India Brand Equity Foundation, an India based government agency, the union budget 2021 allocated US $32.02 billion to the infrastructure sector. In addition, the activities of infrastructure accounted for a 13% share in the total foreign direct investment (FDI) flows of US $81.72 billion in 2021. Therefore, the rise in infrastructure investments across various countries is driving the growth of the geotechnical instrumentation and monitoring market.

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.

In July 2021, RST Instruments, a Canada based company that manufacture instrumentation solutions, and Measurand, a portfolio company of Vance Street Capital LLC, acquired 3vGeomatics for an undisclosed amount.Through this acquisition, RST and Measurand are expected to supply trusted geotechnical instrumentation service that makes the industry’s first surface and sub-surface data monitoring and analysis solution with full global reach.

The company had assembled an industry-first end-to-end full site view by adding 3vGeomatic’s specialized InSAR (Interferometric Synthetic Aperture Radar) technology to the portfolio. 3vGeomatics is a US-based geotechnical instrumentation, and monitoring company.

The countries covered in the geotechnical instrumentation and monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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