Structural Health Monitoring Market - Competitive Landscape and Regional Analysis by 2017-2025
Apart from that, rapid pace of infrastructural development worldwide and focus of governments on their safety is also serving to drive the global structural health monitoring market. Widespread interest of governments and autonomous bodies to protect heritage structures too is positively influencing the market. However, the high cost of installing the sensors is posing a major challenge to the market.
According to a report by Transparency Market Research, the global structural health monitoring market will likely rise at a steady CAGR of 10.09% from 2017 to 2025 to become worth US$4.09 mn by 2025-end from US$1.57 mn in 2016.
Fill the form for an exclusive sample of this report @
Industries Drive Demand for Services Segment
Depending upon solution, the global structural health monitoring market has been broadly categorized into software, hardware, and services. Among them, the segment of services generated maximum revenue in 2016 on the back of growing demand for installation and maintenance of the structural health monitoring systems by various industries, worldwide. In terms of growth rate, the services segment is predicted to clock maximum CAGR of 10.26% during the period between 2017 and 2025.
Connectivity-wise again, the market can be broadly split into wired and wireless. Currently, the wireless segment contributes the most to the revenue due to the availability of low cost wireless sensors and increased adoption of wireless sensors in structural health monitoring systems by industries across the globe. In the years ahead too, the segment is expected to retain its leading share by surpassing the wired segment with a CAGR of 10.24% over the forecast period.
Obtain Report Details @
Aging Infrastructure Catapults North America Market to Fore
From a geographical standpoint, North America holds a dominant share in the global structural health monitoring market. By rising at a 10.49% CAGR from 2017 to 2025, the market is expected to grow its leading share in the next couple of years as well. The TMR report predicts the market to become worth US$1.31 bn by 2025. The market in the region is being majorly boosted by the aging infrastructure such as bridges, tunnels, and power plants that need structural health monitoring. Europe trails North America in terms of market size. However, by clocking 9.50% CAGR over the course of the forecast period, it is predicted to trim some of its share to come in the third position by 2025.
The second position in the global structural health monitoring market will be taken by Asia Pacific by 2025 by surpassing all other regions in terms of growth rate. The market in the region is anticipated to rise at a 11.38% CAGR from 2017 to 2025. The structural health monitoring is gaining popularity in Asia Pacific, because of considerable development of the infrastructure projects such as bridges, power plants, and smart cities. The market in the region is being powered primarily by China and Japan.
COWI A/S, Digitexx Data Systems, Inc., Wiss, Janney, Elstner Associates, Inc., ACELLENT TECHNOLOGIES, INC., National Instruments Corporation, ATKINS, Kinemetrics, Nova Metrix LLC, CTL Group, OSMOS Group, and First Sensor are to name a few prominent participants in the global structural health monitoring market.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Structural Health Monitoring Market - Competitive Landscape and Regional Analysis by 2017-2025 here
News-ID: 821787 • Views: 156
More Releases from Transparency Market Research
Distributed Operating System Market: A Latest Research Report to Share Industry …
A distributed operating system is a software which is a collection of distinct computational nodes that are networked, independent, and communicating in order to perform certain operations The distributed operating system manages the jobs that are serviced by multiple processing units. Every distinct node holds a precise software subset of the global collective operating system. Each subset is a composite of two distinct service provisions. The first subset is a universal kernel,
Research Outlines Huge Growth In Automatic Dependent Surveillance Broadcast Mark …
Automatic dependent surveillance-broadcast (ADS-B) is surveillance technology which enables an aircraft to determine its position through satellite navigation. Automatic dependent surveillance-broadcast (ADS-B) helps to track an aircraft through periodical broadcasts. As a replacement for secondary surveillance radar, automatic dependent surveillance - broadcast (ADS–B) technology can be used by air traffic control ground stations to gather information regarding tracking of the aircraft. It can also be used by other aircrafts to enable
RF Shielded Test Enclosures Market: Structure and Overview of Key Industry
RF shielded test enclosures, also called RF shielded test boxes, are used for testing of RF and microwave devices in an isolated test environment, which lacks interference of other devices as well as the external environment These test boxes are used in isolation from unintended electromagnetic interference in noisy surroundings. In order to check whether a device is functioning up to the mark in an isolated environment, these boxes are used
Pitot Tube Anemometers Market Will Escalate Rapidly in the Near Future
A pitot tube anemometer is a flow measurement device that is designed to measure and display air pressure, air velocity, volumetric flow, and air temperature Pitot tube anemometers involve use of the microprocessor technology for signal processing, which ensures quick and accurate measuring results Pitot tube anemometers are available in two types i.e. portable and fixed When not in use, a pitot tube anemometer should be placed in dry conditions and be protected
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small