Geotechnical Instrumentation and Monitoring Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

Northbrook, USA, 2021-Nov-01 — /EPR Network/ —

According to a research report “Geotechnical Instrumentation and Monitoring Market with COVID-19 Impact Analysis by Offering, Networking Technology (Wired, Wireless), Structure (Bridges & Tunnels, Buildings & Utilities, Dams, Others), End User and Geography – Global Forecast to 2026″ published by MarketsandMarkets, the global geotechnical instrumentation and monitoring market is expected to reach USD 5.1 billion by 2026 from USD 3.2 billion in 2021, at a CAGR of 9.6% during the 2021-2026 period.

The rapid growth of the global geotechnical instrumentation and monitoring market is attributed to some of the driving factors such as rising infrastructure investments, increasing adoption of geotechnical instruments to prevent structural failures, government regulations for sustainable structures, and growing awareness about the benefits of instrumentation and monitoring tools.

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Wireless networking technology to grow at the highest CAGR during the forecast period

Advancements related to wireless technologies have led to the development of devices to which conventional instruments such as strain gauges, piezometers, inclinometers, linear voltage displacement transducers, and accelerometers can be attached for centralized data collection and analysis. The growing demand for wireless networking technologies for geotechnical instrumentation and monitoring is a major factor contributing to the high market growth for wireless networking technology. However, wired networking technology is expected to hold the largest share of the market owing to the larger adoption of wired instruments for geotechnical monitoring.

Buildings & Infrastructures to dominate the geotechnical instrumentation and monitoring market during the forecast period

Increasing awareness about the benefits of geotechnical instrumentation and monitoring and government mandates in several countries for compulsory geotechnical monitoring of structures are some of the major factors contributing to the growth of this segment. The need for regular monitoring of critical structures, such as dams, tunnels, bridges, and buildings, is another major factor contributing to the market growth. The buildings & infrastructure segment is also an early adopter of geotechnical instrumentation and monitoring techniques. Hence, it is likely to continue to lead the market in the coming years.

Asia Pacific to register the highest growth in the geotechnical instrumentation and monitoring market during the forecast period

Asia Pacific is expected to register the highest growth in the geotechnical instrumentation and monitoring market during the forecast period. The major factors driving market growth include the increasing investments related to infrastructure and directives by governments for the compulsory use of geotechnical instrumentation and monitoring for various structures. The growing population in many Asia Pacific countries has led to rapid urbanization which has led to the commencement of several infrastructure projects, thereby, driving the market growth.

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The report profiles key players such as Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon (US), Geocomp Corporation (US), Sisgeo S.r.l. (Italy), COWI A/S (Denmark), James Fisher and Sons (UK), Deep Excavation LLC (US), and RST Instruments (Canada).

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