Geotechnical Instrumentation and Monitoring Market worth $ 2.9 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Geotechnical Instrumentation and Monitoring Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global geotechnical instrumentation and monitoring market size is anticipated to witness exponential growth during the forecast period i.e. 2021-2030. The surging awareness regarding the benefits of instrumentation and monitoring tools; the increasing number of government regulations for sustainable structures; the growing construction of public utilities including dams & bridges; the rising adoption and application of geotechnical instrumentation for preventing the failure of geotechnical structures, and the fast-paced economic growth and urbanization worldwide are among the major factors contributing to the growth of the global geotechnical instrumentation and monitoring market.

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According to networking technology, the wired segment captured the largest share of the global geotechnical instrumentation and monitoring market in 2020 and is estimated to further maintain its lead in the market over the forecast period of 2021-2030. On the other hand, the wireless segment is projected to achieve the highest CAGR in the market over the forecast period of 2021-2030. According to end-user, the buildings & infrastructure segment dominated the global geotechnical instrumentation and monitoring market in 2020 and is expected to further retain its hold in the market over the forecast period. According to offering, the services segment acquired the largest share of the global geotechnical instrumentation and monitoring market in 2020 and is poised to further retain its dominance in the market over the forecast period.

Geographically, the Asia Pacific region led the global geotechnical instrumentation and monitoring market in 2020. The position of the region is very unlikely to change over the forecast period. Instead, the region is slated to also grow at the highest CAGR in the market during the forecast period. Countries such as India, China and Japan are the among the key contributors to the region.

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Some of the major geotechnical instrumentation and monitoring companies profiled in the report include James Fisher and Sons, Deep Excavation LLC , RST Instruments, GEI Consultants, Monitoring Solution Providers Pte Ltd., WJ Groundwater Limited, Geotechnics Limited, GaiaComm, Fugro and Keller Group .

The global geotechnical instrumentation and monitoring market is segmented into offering, networking technology, structure, end user and region. Based on offering, the market is bifurcated into hardware & software and services. Based on networking technology, it is classified into wires and wireless. Based on structure, it is classified into bridges & tunnels, buildings & utilities, dams and others. Based on end user, it is classified into buildings & infrastructure, energy & power, oil & gas and mining.

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The global geotechnical instrumentation and monitoring market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Geotechnical Instrumentation and Monitoring Market

• On the basis of networking technology, the wired segment captured the largest share of the global geotechnical instrumentation and monitoring market in 2020 and is estimated to further maintain its lead in the market over the forecast period of 2021-2030. The wireless segment is projected to achieve the highest CAGR in the market over the forecast period of 2021-2030.
• On the basis of end-user, the buildings & infrastructure segment dominated the global geotechnical instrumentation and monitoring market in 2020 and is expected to further retain its hold in the market over the forecast period.
• On the basis of offering, the services segment acquired the largest share of the global geotechnical instrumentation and monitoring market in 2020 and is poised to further retain its dominance in the market over the forecast period.
• On the basis of region, the Asia Pacific region led the global geotechnical instrumentation and monitoring market in 2020, and the trend is very unlikely to change over the forecast period. The region is also slated to register the highest CAGR in the market over the forecast period.

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This release was published on openPR.