Structural Health Monitoring (SHM) Market Worth 1.89 Billion USD by 2020
PUNE, India, November 3, 2015 /PRNewswire/ --
According to a new market research report "Structural Health Monitoring (SHM) Market by Technology (Wired and Wireless), by Solution Type (Hardware and Software & Services), by Application (Bridges, Dams, Tunnels, Buildings, Stadiums, and Other), and by Geography - Global Trend & Forecast to 2020", published by MarketsandMarkets, the SHM Market is expected to reach USD 1.89 Billion by 2020, growing at a CAGR of 24.7% between 2015 and 2020.
Browse more than 75 market data Tables with 75 Figures spread through 167 Pages and in-depth TOC on "Structural Health Monitoring (SHM) Market".
http://www.marketsandmarkets.com/Market-Reports/structural-health-monitoring-market-101431220.html
Early buyers will receive 10% customization on this report.
SHM is an emerging market and used to improve the safety measures and reduce maintenance cost of critical structures. A combination of hardware and software is required for the designing of SHM system, whereas the services such as design and consulting services and installation services play important role in designing the SHM system. The large number of new civil infrastructure project is at the construction phase around the globe. Government rules and regulations also provide the boost in the growth of the SHM market. For instance, in 2014, according to new rules and regulations by the Chinese government, SHM should be used in the new bridges, and designing of SHM should be in parallel with the designing of the bridge. It also outlines the importance of durable, maintainable, and replaceable sensor with service life of up to 20 years if embedded or 3 to 5 years if placed on the surface of the bridge.
The overall SHM market is segmented into various segments, namely, technology, solution type, application, and geography. The SHM market is segmented on the basis of SHM applications, which include bridges, dams, tunnels, buildings, stadiums, and others. The SHM market in bridges is expected to grow at the highest CAGR of 27.1% between 2015 and 2020.
Geographically, the Structural Health Monitoring (SHM) Market is segmented into North America (U.S., Canada, and Mexico), Europe (Germany, the U.K., France, and others), APAC (China, Japan, Singapore, South Korea, and others), and Rest of the World (Australia, Africa, the Middle East, and others). The APAC market is estimated to grow at a CAGR of 29.0% between 2015 and 2020.
Ask For PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=101431220
Major players in the global leak detection market for oil & gas include Honeywell International Inc. (U.S.), PSI AG (Germany), Pentair Ltd (U.K.), Pure Technologies Ltd. (Canada), Siemens AG (Germany), Perma-Pipe, Inc. (U.S.) , Krohne Group (Germany), Schneider Electric (France), ATMOS International (U.K.), TTK (U.K.), and ClampOn AS (Norway).
Browse Related Reports
Non-Destructive Testing Equipment & Services Market by Contact Methods (Ultrasonic, Eddy Current, Electromagnetic, Liquid Penetrant), Non-Contact (Radiography, Thermography, Visual Testing), Services (Inspection, Rental, Training, Consultation), Application & Geography - Analysis & Global Forecast to 2013 - 2020
Acoustic Wave Sensor Market by Sensing Parameter (Temperature, Pressure, Mass, Torque, Humidity, Viscosity), Application (Automotive, Military & Aerospace, Consumer Electronics, Healthcare and Industrial), Geography - Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/acoustic-wave-sensor-market-914.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: 1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article