Geotechnical Instrumentation and Monitoring Market Projected To Showcase Strong Growth | Monitoring Solution Providers Pte Ltd., Nova Metrix LLC, Petra Geosciences, Inc., Quantum Geotechnical
GTIM helps in providing remedial methods to fix the failures related to geotechnical infrastructure. The in-performance monitoring ability of GTIM helps in reducing the time required to build a geotechnical infrastructure. These instruments can help in identifying the inflated third-party claims associated with the damage of geotechnical infrastructure. The high installation cost associated with GTIM can restrict the market growth. The lack of skilled labor required for the installation and calibration of geotechnical instruments can also hamper the geotechnical instrumentation and monitoring market growth.
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The companies operating in the geotechnical instrumentation and monitoring market are engaged in strategic acquisitions to expand their presence to newer markets as well as to strengthen their technological capabilities. For instance, in April 2017, Keller completed the acquisition of an instrumentation and monitoring company, GEO-Instruments. The company has a good presence in the U.S. market and supplies, manufactures, installs & integrates geotechnical monitoring systems for excavation, railways, buildings, dams, tunnels, slopes, and embankments. The acquisition was aimed at strengthening Keller’s global capabilities in geotechnical instrumentation and monitoring.
North America is expected to dominate the Geotechnical Instrumentation and Monitoring Market due to rising investments in infrastructure projects in the region. For instance, in February 2019, the U.S. Environmental Protection Agency (EPA) issued seven WIFIA loans to help finance over USD 4 billion in water infrastructure projects. These investments are directed toward accelerating the investments in water infrastructure to support the President’s Infrastructure Initiative.
Some of the key players operating in the geotechnical instrumentation and monitoring market are COWI A/S, Deep Excavation LLC, Durham Geo-Enterprises, Inc., Fugro N.V., GEI Consultants, Geocomp Corporation, Geokon Incorporated, Innovative Geotechnical Instrumentation, James Fisher and Sons, Keller Group, Monitoring Solution Providers Pte Ltd., Nova Metrix LLC, Petra Geosciences, Inc., Quantum Geotechnical, Sisgeo SRL, Wardle Drilling & Geotechnical Ltd., and WJ Groundwater Limited.
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Geotechnical Instrumentation and Monitoring Market, By Component, 2014-2025 (USD Million)
Geotechnical Instrumentation and Monitoring (GTIM) Market, By Networking Technology 2014-2025 (USD Million)
• Wired Networking Technology
• Wireless Technology
GTIM Market, By Structure 2014-2025 (USD Million)
• Tunnels and Bridges
• Buildings and Utilities
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