Geotechnical instrumentation and monitoring markets over $ 5 billion, 2026 by supply, networking technology (wired, wireless), structure (bridges and tunnels, buildings and utilities, dams, others) – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD)–The “Geotechnical Instrumentation and Monitoring Market – Global Forecast to 2026” report was added to ResearchAndMarkets.com offer.

The geotechnical instrumentation and monitoring market is estimated at USD 3.2 billion in 2021 and is expected to reach USD 5.1 billion by 2026, with a CAGR of 9.6%.

Increasing investment in infrastructure, growing adoption of geotechnical instruments to prevent structural failures, government regulations for sustainable structures, and growing awareness of the benefits of instrumentation and monitoring tools are some of the main factors driving the growth of the geotechnical instrumentation and monitoring market. However, the high installation and monitoring costs are likely to hamper the growth of the market.

The geotechnical instrumentation and monitoring services market will account for the largest share during the forecast period

The number of market players offering geotechnical instrumentation and monitoring services is greater than the number of companies offering instruments and software. Various types of instruments required for geotechnical monitoring include inclinometers, piezometers, extensometers and sensors, among others.

The data collected from these instruments is provided to the software for analysis. These solutions help to identify structural damage at an early stage and enable a high degree of structural safety as stakeholders can take preventive and corrective actions at the earliest to ensure structural safety.

Although hardware and software solutions can be reused after purchase, many companies that purchase these solutions lease them to other companies, which is considered a service. The presence of numerous geotechnical instrumentation and monitoring service providers to drive the market growth.

Wireless Network Technology Market Expected To Record Highest CAGR Between 2021-2026 In Geotechnical Instrumentation And Monitoring Market

Advances in technology have led to the development of wireless instruments to which conventional instruments such as strain gauges, piezometers, inclinometers, linear voltage displacement transducers, and accelerometers can be connected for the collection and analysis of centralized data.

The growing demand for wireless network technologies for geotechnical instrumentation and monitoring is a major factor contributing to the strong growth of the market. However, wired network technology is expected to hold the largest share of the market due to the increased adoption of wired instruments for geotechnical monitoring.

The geotechnical instrumentation and monitoring market in the Asia-Pacific region is expected to witness robust growth during the period 2021-2026

Asia-Pacific is expected to register the highest growth in the market during the forecast period. Major market growth factors in this region include increased investment associated with infrastructure and the subsequent increase in the number of new infrastructure projects and government guidelines for the mandatory use of geotechnical and monitoring instruments for various structures.

Population growth in many Asia-Pacific countries has led to rapid urbanization which has led to the launch of several infrastructure projects, providing growth opportunities for players in the geotechnical instrumentation and monitoring market.

Competitive landscape

The main players in the geotechnical instrumentation and monitoring market are Fugro (Netherlands), Keller Group (United Kingdom), Nova Metrix LLC (United States), Geokon (United States), Geocomp Corporation (United States United), Sisgeo Srl (Italy), COWI A / S (Denmark), James Fisher and Sons (United Kingdom), Deep Excavation LLC (United States) and RST Instruments (Canada).

Premium previews

  • Increase investments in infrastructure to significantly contribute to market growth

  • Wired network technology to account for larger market size than wireless network technology during the forecast period

  • Bridges and tunnels account for the largest market share during the forecast period

  • Buildings and infrastructure will account for the largest market share during the forecast period

  • Services represent a larger market share than hardware and software during the forecast period

  • The Americas will account for the largest share of the geotechnical instrumentation and monitoring market during the forecast period

  • Bridges and tunnels and the UK accounted for the largest share of the geotechnical instrumentation and monitoring market in Europe in 2020

Market dynamics

Conductors

  • Increased investment in infrastructure

  • Adoption of geotechnical instruments to prevent structural failures

  • Government regulations for sustainable structures

  • Growing awareness of the benefits of instrumentation and monitoring tools

  • Main advantages of geotechnical instrumentation and monitoring

Constraints

  • Analysis of the impact of constraints on the geotechnical instrumentation and monitoring market

  • High installation and monitoring costs

Opportunities

  • Growing opportunities in APAC and GCC countries

  • Increase investment in oil and gas and major energy projects

Challenges

  • Lack of qualified operators for the installation and calibration of geotechnical instruments

  • Technical challenges and operational factors

  • Generating inaccurate results due to read errors

  • Negative impact of COVID-19 on various industries

Industry trends

List of key patents and innovations

  • Number of patents granted for geotechnical instrumentation and monitoring (2010-2020)

  • Top 10 Companies with the Most Patent Applications for Geotechnical Instrumentation and Monitoring, 2010-2020

  • Top 20 patent holders for geotechnical instrumentation and monitoring, 2010-2020

  • Patents and key innovations in the geotechnical instrumentation and monitoring market, 2010-2020

Key technology trends

  • Non-destructive field tests

  • Wired and wireless sensor networks

  • Distribution of processed data on the Internet

  • Ultra-low power strain gauges

Case studies

  • Tunnel monitoring: Encardio-Rite: Monitoring of the Rohtang Pass tunnel

  • Bridge monitoring: Geocomp Corporation: Instrumentation and monitoring of the Bayonne bridges

  • Geotechnical Instrumentation and Monitoring for Hydroelectric Power Plant: Hma Geotechnical: Instrumentation and Monitoring for Asahan No.3 Hydroelectric Power Plant, Indonesia

Company Profiles

Key players

  • Fugro

  • Keller Group

  • Nova Metrix LLC

  • Geokon

  • Géocomp company

  • Sisgeo SRL

  • Cowi A / S

  • James Fisher and son

  • Deep Excavation LLC

  • First instruments

Other key players

  • Geomotion Singapore

  • Eustis Engineering

  • Dst Consulting Engineers Inc.

  • Geosig Ltd.

  • Smart structures

  • Amberg Technologies

  • Pmt Infrascience

  • Terracon

  • Gaiacomm Ltd

  • Limited geotechnics

  • Mae advanced geophysical instruments

  • Petra Geosciences, Inc.

  • Geocisa France

  • Geosense

  • SW Cole Engineering, Inc.

  • Plc wood

For more information on this report, visit https://www.researchandmarkets.com/r/mtlgwt


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