DUBLIN, May 16, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Geotechnical Instrumentation and Monitoring Market - Global Forecast to 2022" report to their offering.
The geotechnical instrumentation and monitoring market is estimated to reach USD 4.64 Billion by 2022, growing at a CAGR of 11.37% between 2017 and 2022. The growth of the market is attributed to the increasing infrastructural investment across various countries all over the world, catastrophic failure of structures resulting in loss of lives, stringent environmental regulations pertaining to the sustainability of structures, and increasing awareness and superior benefits of geotechnical instrumentation and monitoring.
Of all structural segments of geotechnical instrumentation and monitoring market, tunnels & bridges is the fastest-growing segment during the forecast period. Bridges and tunnels are important infrastructures and contribute majorly to the growth of a region. Geotechnical monitoring in tunnels is important due to the increased risks of cave-ins. Thus, it is necessary to monitor the safety of these structures with high precision.
The geotechnical instrumentation and monitoring market based on offering is classified into hardware & software and services. The services market is projected to grow at the highest rate between 2017 and 2022. The primary reason behind this growth is the demand for remote and real-time monitoring of critical structures, such as mines and tunnels & bridges.
Of all the regions, the Americas held the largest market share in 2016. The major reason for this large market share is the high number of projects that are implementing geotechnical instrumentation and monitoring solutions in the region. The Americas has always been the leader in implementing this technology and is very particular about the safety of its structures. Some of the major restraining factors for the growth of the geotechnical instrumentation and monitoring market are the high installation cost and the slow adoption rate in emerging economies.
- Cowi A/S
- Deep Excavation LLC.
- DST Consulting Engineers Inc.
- Eustis Engineering LLC.
- Geocomp Corporation
- Geokon, Incorporated
- Geomotion Singapore
- Geosig Ltd
- James Fisher and Sons PLC
- Keller Group PLC
- Nova Metrix LLC
- RST Instruments Ltd.
- SISGEO S.R.L.
- Smart Structures
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 GTIM Market, By Offering
7 GTIM Market, By Networking Technology
8 GTIM Market, By Structure
9 Application Areas of GTIM Technique
10 GTIM Market, By End User
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/44rjs2/geotechnical
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets