Press release
Structural Health Monitoring Market: Increasing Demand for Low-Cost Infrastructure Maintenance Globally to Drive Growth
A new market research report by Transparency Market Research, titled “Structural Health Monitoring Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023”, presents an accurate and updated evaluation on the structural health monitoring market. The report is compiled by conducting both secondary and primary research. The study encapsulates information on each facet related to the market for structural health monitoring systems. The key contributions of the leading players in the market have also been presented in the report. It employs primary analysis tools such as SWOT analysis and Porter’s five forces analysis to present a clear understanding of the overall market.The first part of the report talks about the importance of structural health monitoring systems. Structural health monitoring systems present accurate and real-time information about the conditions and performance of structures. This data further helps to design and plan the maintenance activities, hence decreasing the operating expenses, lowering uncertainty, and enhancing the overall safety of these structures.
As stated in the report, the increasing demand for low-cost infrastructure maintenance has fuelled the development of the global structural health monitoring market. In addition, the growing concerns on unpredictable natural calamities including earthquakes, volcanic eruptions, etc. have compelled governments to introduce numerous regulations in favor of structural health monitoring systems. This factor will also provide impetus to the development of the structural health monitoring market.
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On the other hand, the exorbitant prices of structural health monitoring systems are posing a negative impact on the development of the overall market. In addition, huge data management issues owing to shortage of experts for addressing operational and technical issues that may arise during system integration will inhibit the growth of this market.
Structural health monitoring systems can be of two types such as continuous monitoring systems and portable testing systems. By technology, the report segments the structural health monitoring systems into wireless and wired structural health monitoring systems. Of these, the segment of wireless systems have a huge demand in comparison to the segment of wired structural health monitoring systems. This is owing the increased convenience and ease provided by wireless structural health monitoring systems.
Geographically, the report categorizes the market into Asia Pacific, Europe, North America, and Rest of the World (RoW). Europe and North America offer immense opportunities for the growth of this market due to the increasing technological developments taking place in structural health monitoring systems in these two regions. On the other hand, the Asia Pacific structural health monitoring market is also poised to hold lucrative opportunities in the market owing to expansion in the construction sector of this region.
As per the report, the prominent players in the market are Geokon Incorporated, Digitexx Data Systems Inc., COWI A/S, Advitam, Acellent Technologies Inc., CTLGroup, and Exponent Inc., among others.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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