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Standardisation of structural health monitoring and availability of low-cost sensors is boosting market growth

10-30-2017 01:01 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Wide availability of low-cost sensors, growing infrastructural development across the globe, and increasing government initiatives towards public safety and structural health monitoring system standardisation are factors expected to drive growth of the global structural health monitoring market over the forecast period.

The global structural health monitoring market is estimated to register a value CAGR of 13.8% over the 10-year forecast period 2016 – 2026 and is expected to be valued at US$ 5,771.5 Mn by 2026 end.

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https://www.futuremarketinsights.com/reports/structural-health-monitoring-market

The global structural health monitoring market is also likely to witness certain key trends such as an increasing focus of solution providers on low-cost energy harvesting monitoring systems and increasing adoption of distributed optic fibre in structural health monitoring solutions.

Wired structural health monitoring system expected to dominate the global structural health monitoring market. The Wired segment is estimated to account for a market revenue share of 65.2% by the end of 2016. This segment is estimated to create incremental $ opportunity of US$ 2,541.0 Mn between 2016 and 2026.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-1167

The North America market is estimated to account for 26.9% share of the global structural health monitoring market by the end of 2016 while the Asia Pacific Excluding Japan (APEJ) market is likely to hold 16.9% share of the overall global structural health monitoring market in 2016.

Some of the well-known companies operating in the global structural health monitoring market are National Instruments Corporation, Advitam Inc. (Vinci SA), Digitexx Data Systems, Inc., Acellent Technologies, Inc., Strainstall UK Limited (James Fisher & Sons PLC), Nova Metrix LLC, COWI A/S, Geocomp Corporation, Hottinger Baldwin Messtechnik GmbH, and Kinemetrics Inc.

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

Contact

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

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