Geotechnical Instrumentation and Monitoring Market Size were valued at USD 3.63 billion in 2022 and is expected to reach USD 7.46 billion by 2030, and grow at a CAGR of 9.5% over the forecast period 2023-2030.
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.
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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.
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.
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.
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
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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
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 & Other Players.
Nova Metrix LLC-Company Financial Analysis
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 3.63 Bn |
Market Size by 2030 | US$ 7.46 Mn |
CAGR | CAGR of 9.5% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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. |
Geotechnical Instrumentation and Monitoring Market Size is expected to reach USD 7.46 billion by 2030, and grow at a CAGR of 9.5% over the forecast period 2023-2030.
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
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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