Geotechnical Instrumentation and Monitoring Market

Geotechnical instrumentation refers to the devices as well as technologies used for monitoring the structure, process, and infrastructure during construction activity. It is helpful in validating structural design and helps in the detection of faults in advance to reduce risk. It plays a vital role for safety of people associated with production process. The continuous monitoring and supervision of construction projects through geotechnical instrumentation and monitoring technology enhances quality and accuracy of the designed projects. The geotechnical instrumentation and monitoring offers various advantages like it efficiently determine the initial site conditions, observation of method, provide protection and safety.

The geotechnical instrumentation and monitoring market is anticipated to witness significant growth during the forecast period, owing to increase in demand for noncritical construction projects such as tunnels, slopes, and excavations. These instruments are used in various projects across the world incorporated with construction projects. The reason behind deploying the instrumentation is that it provides high quality, construction control, monitoring in-service performance, and design verification. Furthermore, rapid technological advancements in the area of sensors is expected to drive the geotechnical instrumentation and monitoring market growth.

Factors such as rise in infrastructure investments across various countries, stringent government regulations to make the structures more sustainable and safer, and increase in awareness about benefits of GTIM tools are the key drivers for the geotechnical instrumentation and monitoring market. Nonetheless, rise in awareness and opportunities in the APAC region followed by investments in oil & gas and energy industry creates lucrative opportunities for the geotechnical instrumentation and monitoring market globally. 

The geotechnical instrumentation and monitoring market is segmented into offering, application, end use, and region. Based on offering, the market is classified into hardware and software. Based on application, the market is segregated into tunnels, bridges, buildings, dams, and others. Based on application, the market is divided into buildings & infrastructure, energy & power, oil & gas, mining, and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA

The key players operating in the geotechnical instrumentation and monitoring industry are Deep Excavation LLC, James Fisher and Sons, Nova Metrix LLC, Geokon Incorporated, Geocomp Corporation, Sisgeo SRL, COWI A/S, Systel India, GKM Consultants, and S.W. Cole. 

KEY BENEFITS FOR STAKEHOLDERS

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global geotechnical instrumentation and monitoring market to identify the prevailing market opportunities.
• The key countries in all the major regions are mapped based on their market share.
• Porter’s five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the geotechnical instrumentation and monitoring market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

 Geotechnical Instrumentation and Monitoring Market Report Highlights