Global Geotechnical Instrumentation - Monitoring Market, By Offering (Hardware and Software and Services), Networking Technology (Wired and Wireless), Structure (Tunnels and Bridges, Buildings and Utilities, Dams and Others), End-User (Buildings and Infrastructure, Energy and Power, Oil and Gas and Mining) – Industry Trends and Forecast to 2030.
Geotechnical Instrumentation - Monitoring Market Analysis and Size
The geotechnical instrumentation - monitoring market is expected to grow at significant rate during the forecast period due to growth in the investments for infrastructural development. According to the economic times, U.K. is anticipated to increase its investment by 625 billion. In forthcoming years, these growth rates will reach their peak. Furthermore, rise in demand for noncritical construction such as slopes tunnels and evacuations will enhance the market growth during the forecast period.
Data Bridge Market Research analyses that the geotechnical instrumentation - monitoring market was valued at USD 3.52 billion in 2022 and is expected to reach USD 7.60 billion by 2030, registering a CAGR of 10.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Geotechnical Instrumentation - Monitoring Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware and Software and Services), Networking Technology (Wired and Wireless), Structure (Tunnels and Bridges, Buildings and Utilities, Dams and Others), End-User (Buildings and Infrastructure, Energy and Power, Oil and Gas and Mining)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DeepEX (U.S.), Fugro (Netherlands), Monitoring Solution Providers Pte Ltd. (India), S.W.COLE Engineering, Inc (U.S.), Geotechnics (New Zealand), GaiaComm Ltd (Greece), Quantum Geotechnical (U.K.), Geotechnical Services, Inc. (U.S.), AMERICAN GEOTECHNICAL (U.S.), Geomotion Singapore (India), Geocomp Corporation (U.S.), Durham Geo-Enterprises, Inc. (U.S.), GeoSIG Ltd (Switzerland), RST Instruments Ltd. (Canada), Keller Group plc (U.K.), Nova Ventures Group (U.S.), Geokons (U.S.)
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Market Opportunities
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Market Definition
Geotechnical instrumentation are those devices which is used to monitor the process, structure, and infrastructure in the construction activity and supports the construction staff and engineers. The continuous supervision and monitoring of construction projects mainly increases accuracy and quality of the designed projects due to this construction projects are completed efficiently.
Geotechnical Instrumentation - Monitoring Market Dynamics
Drivers
- Introduction of real-time monitoring inclinometer
The introduction of real-time monitoring inclinometer is a major trend which is gaining popularity in the geotechnical instrumentation and monitoring market. Major companies operating in this market are concentrating on introducing real-time monitoring inclinometer to maintain their position. For instance, Soil Instruments, which is a UK-based manufacturer of best quality geotechnical and monitoring products has introduced a product, 'GEOSmart'. 'GEOSmart' is an in-place inclinometer comprised of Micro-Electro-Mechanical Sensors (MEMS). It delivers real-time monitoring of displacement in geotechnical applications such as retaining walls, landslides, diaphragm walls, embankments and potential slope failures. GEOSmart is suitably transported to the location and can be installed by one site expert owing to its lightweight robust construction.
- Surging product launches
The surging product launches and other innovations by major market players will drive the growth of the market. For instance, Gooses revealed their VWPHT-3600 series High-Temperature Piezometers in February 2021. This new product is launched for the extreme environments of pressure and temperature. This product is used applications such as geothermal heat and advanced oil recovery systems including cyclic steam stimulation (CSS) and steam helped gravity drainage (SAGD).
Opportunities
- Rising infrastructure investments
An increase in infrastructure investments is expected to create immense market growth opportunities during the forecast period across various countries. Infrastructure means physical structures such as roads, bridges, highways and sewage systems. Geotechnical instrument and monitoring helps in monitoring the process and structure of an infrastructure, which is done in the construction activity. These geotechnical instrument and monitoring also helps in reduce the risk and detecting faults in construction. For instance, as per the data of India Brand Equity Foundation, in October 2021, an India based government agency, allocated US $32.02 billion union budget in 2021 to the infrastructure sector. Furthermore, the activities of infrastructure witnessed for a 13 percent share in the complete foreign direct investment flows of US $81.72 billion in 2021. Thus, the rise in infrastructure investments all over the numerous countries will create immense opportunities for the geotechnical instrumentation and monitoring market growth.
Restraints/ Challenges
- Issues associated with geotechnical instrumentation - monitoring
Lack of trained expertise or skilled professionals will pose a major challenge to the growth of the geotechnical instrumentation - monitoring market. Moreover, high initial capital investments will act as a major market restraint for the growth of the market. Furthermore, complications involved in the technical applications will further hinder the growth rate of the geotechnical instrumentation - monitoring market.
This geotechnical instrumentation - monitoring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the geotechnical instrumentation - monitoring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact Analysis on Global Geotechnical Instrumentation - Monitoring Market
The outbreak of COVID-19 has brought a huge health emergency with uncountable casualties globally. The lockdown restrictions have generated numerous sorts of supply chain disruptions in many regions. The geotechnical instruments and software vendors were considerably impacted during the COVID-19 pandemic. As many regions imposed strict lockdown and stay-at-home orders due to which massive disruption in the supply and demand was observed.
The stop of numerous infrastructure projects had an adverse impact on service vendors during this global pandemic period. However, the strict lockdown limitations were relaxed across numerous regions, the market has gradually recovered. Also, numerous infrastructure projects have been restarted and the number of new infrastructure projects are likely to witness new growth avenues in the coming years.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021: Terracon has completed their acquisition with Burleson Consultin, aa prominent provider of Oracle consulting support and training services. This acquisition targeted to reinforce Terracon’s current environmental practice in the Western U.S., and California and improve its focus on providing a superior client experience in the project life cycle.
- In 2021: Keller has completed their acquisition with RECON Services, a geotechnical and industrial services company. This acquisition aims to increase Keller's product range, sector diversity, and geographic reach in the environmental remediation and industrial services markets.
- In 2021: Sisgeo has launched MD-Profile system. This new system is developed to be positioned within internally flush pipes. Furthermore, this system is suitable for structural and geotechnical applications, for which horizontal or vertical precise profiling is required.
Global Geotechnical Instrumentation - Monitoring Market Scope
The geotechnical instrumentation - monitoring market is segmented on the basis of offering, networking technology, structure and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Hardware and Software
- Services
Networking Technology
- Wired
- Wireless
Structure
- Tunnels and Bridges
- Buildings and Utilities
- Dams
- Others
End-User
- Buildings and Infrastructure
- Energy and Power
- Oil and Gas
- Mining
Geotechnical Instrumentation - Monitoring Market Regional Analysis/Insights
The geotechnical instrumentation - monitoring market is analyzed and market size insights and trends are provided by country, offering, networking technology, structure and end-user as referenced above.
The countries covered in the geotechnical instrumentation - monitoring market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the geotechnical instrumentation - monitoring market in terms of revenue and market share. This is mainly owing to increase in the adoption of LED lighting solution and smart lighting control systems in this region.
Asia-pacific will continue to project the highest growth rate during the forecast period of 2023-2030 due to the increasing government initiatives to improve infrastructure and growing uptake of smart street lights boost the market growth. in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Geotechnical Instrumentation - Monitoring Market Share Analysis
The geotechnical instrumentation - monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to geotechnical instrumentation - monitoring market.
Some of the major players operating in the geotechnical instrumentation - monitoring market are:
- DeepEX (U.S.)
- Fugro (Netherlands)
- Monitoring Solution Providers Pte Ltd. (India)
- S.W.COLE Engineering, Inc (U.S.)
- Geotechnics (New Zealand)
- GaiaComm Ltd (Greece)
- Quantum Geotechnical (U.K.)
- Geotechnical Services, Inc. (U.S.)
- AMERICAN GEOTECHNICAL (U.S.)
- Geomotion Singapore (India)
- Geocomp Corporation (U.S.)
- Durham Geo-Enterprises, Inc. (U.S.)
- GeoSIG Ltd (Switzerland)
- RST Instruments Ltd. (Canada)
- Keller Group plc (U.K.)
- Nova Ventures Group (U.S.)
- Geokons (U.S.)
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