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Geotechnical Instrumentation And Monitoring Market

Geotechnical Instrumentation And Monitoring Market Size, Share & Segment By Offering (Hardware, Software, Services) By Structure (Bridges, Buildings, Dams, Tunnels, Utilities, Others) By Networking Technology (Wireless, Wired) By End User (Energy & Power, Buildings & Infrastructure, Oil & Gas, Mining), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/2048 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Geotechnical Instrumentation and Monitoring Market Size were valued at USD 3.3 billion in 2021 and is expected to reach USD 6.2 billion by 2028, and grow at a CAGR of 9.5% over the forecast period 2022-2028.

Geotechnical instrumentation refers to the devices and technologies used to monitor structure, process, and infrastructure during construction work. It helps to ensure the validating of the structural design and helps to detect early faults to reduce risk. It plays an important role in the safety of the people associated with the manufacturing process. Continuous supervision and monitoring of construction projects using geotechnical tools and monitoring technology improve the quality and accuracy of designed projects. Geotechnical instrumentation and monitoring offer various benefits such as accurately determining initial site conditions, route monitoring, and providing protection and security.

Geotechnical Instrumentation and Monitoring Market

The market for geotechnical instrumentation and monitoring is expected to prove significant growth during the forecast period, due to increased demand for noncritical construction projects such as tunnels, slopes, and excavations. These tools are used in various projects around the world combined with construction projects. The reason for using the equipment is that it provides high quality, construction control, monitoring of internal service performance, and design verification. In addition, rapid technological advances in the sensors system are expected to further geotechnical instrumentation and monitor market growth.

MARKET DYNAMICS:

KEY DRIVERS:

  • Raising awareness of the advantages of instrumentation and monitoring tools.

  • Geotechnical instrumentation is being used to avoid structural failures.

  • Government restrictions for long-term constructions.

RESTRAINTS:

  • Costly installation and monitoring.

OPPORTUNITIES:

  • Increased investment in oil and gas, as well as big energy projects.

  • Opportunities are expanding throughout APAC and the Gulf Cooperation Council countries.

CHALLENGES: 

  • Incorrect results are generated as a result of reading problems.

  • Inadequate competent operators for geotechnical instrument installation and calibration.

  • Technical difficulties and operational considerations.

IMPACT OF COVID-19: 

COVID-19 has led to a major global health crisis and several accidents. The disruption of the supply chain has been caused by the closure of facilities in a few districts. Major manufacturers of geotechnical equipment and software providers have been hit hard in the first two parts of 2020 due to the outbreak of the epidemic. As a result of land closures in many regions, inequalities in demand and supply of goods were observed, which resulted in companies not producing fully. The suspension of many infrastructure projects has had a negative impact on service providers during this time. However, since the third quarter of 2020, with the closing of many doors, the market has seen a steady recovery. Since the third quarter, many infrastructure projects have been launched and due to the growing number of new infrastructure projects, new growth opportunities will be created for market players. However, small and medium-sized manufacturers, software providers and service providers in the market will continue to gain momentum and are expected to show significant recovery from 2021.

Based on Offering, the Geotechnical Instrumentation and Monitoring Market is segmented into hardware, software and services. The number of market players providing geotechnical tools and monitoring services exceeds the companies that provide the tools and software. Inclinometers, piezometers, extensometers, and sensors are some of the equipment required for geotechnical surveillance. The data collected from these tools is provided to the software for analysis. These solutions help to identify structural damage early and enable a high level of structural safety. The high concentration of service providers providing a wide range of services is a major factor contributing to the growth of the market for geotechnical instrument and monitoring services.

Based on Technology, the Geotechnical Instrumentation and Monitoring Market is segmented into Bridges, Buildings, Dams, Tunnels, Utilities and others. Developments related to wireless technology have led to the development of machines where common tools such as strain gauges, piezometers, inclinometers, linear voltage displacement transducers, and accelerometers can be connected to collect data in one place and analyze. The growing demand for wireless geotechnical instrumentation technology and monitoring is a major factor contributing to the high growth of the wireless network technology market. However, because to the extensive usage of wired instruments for geotechnical monitoring, wireless network technology is likely to have the biggest market share.

Based on Networking Technology, the Geotechnical Instrumentation and Monitoring Market is segmented into wireless and wired. Increasing awareness about the benefits of geotechnical instrumentation and monitoring and government directives in several countries for mandatory geotechnical architecture are some of the major factors contributing to the growth of this sector. The need for constant monitoring of important structures, such as dams, tunnels, bridges, and buildings, is another major factor contributing to market growth. Part of the buildings and infrastructure also adopts early geotechnical instruments and monitoring techniques. Therefore, it is likely that it will continue to lead the market in the years to come.

COMPETITIVE LANDSCAPE:

The key players in the Geotechnical Instrumentation and Monitoring Market are Deep Excavation LLC, Nova Metrix LLC, Geocomp Corporation, COWI A/S, GKM Consultants, James Fisher and Sons, Geokon Incorporated, Sisgeo SRL, Systel India and S.W. Cole.

MARKET SEGMENTS:

BY OFFERING

  • Hardware

  • Software

  • Services

BY STRUCTURE

  • Bridges

  • Buildings

  • Dams

  • Tunnels

  • Utilities

  • Others

BY NETWORKING TECHNOLOGY

  • Wireless

  • Wired

BY END USER

  • Energy & Power

  • Buildings & Infrastructure

  • Oil & Gas

  • Mining

Geotechnical Instrumentation and Monitoring Market

REGIONAL ANALYSIS:

The Global Geotechnical Instrumentation and Monitoring Market is divided into Asia Pacific, Europe and North America. Asia Pacific will be the region's fastest expanding participant. It will dominate another market with higher shares. The demand for geotechnical devices is growing steadily in this region. The rapid adoption of technology in the instruction industry is responsible for much higher growth. In addition, North America is a developed region with special needs and access levels. The presence of key established players makes the market profitable. Europe is seeing further growth due to future construction plans. Another emerging market has a wide range of expansions during the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Geotechnical Instrumentation and Monitoring Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.3 Bn
Market Size by 2028 US$ 6.2 Mn
CAGR CAGR of 9.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Offering (Hardware, Software, Services)
• By Structure (Bridges, Buildings, Dams, Tunnels, Utilities, Others)
• By Networking Technology (Wireless, Wired)
• By End User (Energy & Power, Buildings & Infrastructure, Oil & Gas, Mining)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Deep Excavation LLC, Nova Metrix LLC, Geocomp Corporation, COWI A/S, GKM Consultants, James Fisher and Sons, Geokon Incorporated, Sisgeo SRL, Systel India and S.W. Cole.
Key Drivers • Raising awareness of the advantages of instrumentation and monitoring tools.
• Geotechnical instrumentation is being used to avoid structural failures.
• Government restrictions for long-term constructions.
Restraints • Costly installation and monitoring.


Frequently Asked Questions (FAQ) :

The market value will be expected to reach USD 6.2 billion by 2028, and grow at a CAGR of 9.5% over the forecast period 2022-2028.

Raising awareness of the advantages of instrumentation and monitoring tools, Geotechnical instrumentation is being used to avoid structural failures, and Government restrictions for long-term constructions.

The key players in the Geotechnical Instrumentation and Monitoring Market are Deep Excavation LLC, Nova Metrix LLC, Geocomp Corporation, COWI A/S, GKM Consultants, James Fisher and Sons, Geokon Incorporated, Sisgeo SRL, Systel India and S.W. Cole.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Geotechnical Instrumentation and Monitoring Segmentation, by offering

8.1Introduction

8.2 Hardware

8.3 Software

8.4 Services

 

9. Geotechnical Instrumentation and Monitoring Segmentation, by structure

9.1 Introduction

9.2 Bridges

9.3 Buildings

9.4 Dams

9.5 Tunnels

9.6 Utilities

9.7 Others

 

10. Geotechnical Instrumentation and Monitoring Segmentation, by networking technology

10.1 Introduction

10.2 Wireless

10.3 Wired

 

11. Geotechnical Instrumentation and Monitoring Segmentation, by end user

11.1 Introduction

11.2 Energy & Power

11.3 Buildings & Infrastructure

11.4 Oil & Gas

11.5 Mining

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13.Company Profiles

13.1 Systel India

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Deep Excavation LLC

13.3 Nova Metrix LLC

13.4 Geocomp Corporation

13.5 COWI A/S

13.6 GKM Consultants

13.7 James Fisher and Sons

13.8 Geokon Incorporated

13.9 Sisgeo SRL

13.10 S.W. Cole

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

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Secondary Research

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