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.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=221101423

Browse 63 market data tables and 75 figures spread through 175 pages and in-depth TOC on "Geotechnical Instrumentation and Monitoring Market"

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.

Geotechnical Instrumentation and Monitoring Market

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.

Major players in the geotechnical instrumentation and monitoring market are Fugro N.V. (Netherlands), Keller Group plc (U.K.), Geokon, Incorporated (U.S.), Durham Geo Slope Indicator, Inc. (U.S.), Nova Metrix LLC (U.S.), Geocomp Corporation (U.S.), and Sisgeo Srl (Italy). These players have adopted various strategies, such as new product developments, partnerships and contracts, and business expansions to cater to the needs of end users in the geotechnical instrumentation and monitoring market.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=221101423

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’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.

Contact:
Mr. Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]