DUBLIN--(BUSINESS WIRE)--The "Geotechnical Instrumentation and Monitoring Market Research Report: By Component, End - User, Geographical Outlook - Global Industry Size and Share Analysis and Growth Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Witnessing a CAGR of 11.8% during the forecast period (2019-2024), the global geotechnical instrumentation and monitoring market is predicted to generate a revenue of $6.1 billion by 2024.
The major contributors of the market growth are the consistent growth in the construction sector and the rising number of government regulations for infrastructural development. Another factor supporting the market growth is the rising demand for geotechnical instrumentation in the oil & gas sector.
Taking geography into consideration, the geotechnical instrumentation and monitoring market is expected to exhibit the fastest growth in the Asia-Pacific (APAC) region during the forecast period. This can be attributed to the rising number of infrastructure projects in emerging economies, especially India and China. To counter the effects of economic slowdown, China is investing heavily in its infrastructure sector. With a total of $219.4 billion, the Chinese government has approved 27 projects since 2018. Therefore, the huge inflow of investments is indicative of the rising demand for geotechnical and monitoring services in the foreseeable future.
In the APAC region, the highest demand for these instruments and services is being generated from South Asia due to rapid industrialization. The major factors behind this are the presence of upskilled workforce and the availability of cheap labor in the region. The governments of many countries, such as Singapore, Malaysia, the Philippines, Indonesia, Vietnam, and Thailand are enthusiastically investing in the construction sector, further boosting industrialization.
Among various components, the fastest growth in demand in the geotechnical instrumentation and monitoring market during the forecast period is predicted to be witnessed by the services category. This can be mainly ascribed to the surging demand for these services for monitoring of critical structures in the energy & power sector. Additionally, the focus on old structures, such as dams, is rising, which is leading to the deployment of these instruments and services for monitoring purposes to establish the safety of humans and wildlife in the vicinity.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.2 By End User
220.127.116.11 Energy & power
18.104.22.168 Building & infrastructure
22.214.171.124 Oil & gas
4.2 Value Chain Analysis
4.3 Market Dynamics
126.96.36.199 Integration of microelectromechanical system (MEMS) technology into geotechnical instrumentation and monitoring equipment
188.8.131.52 Increasing use of wireless sensors
184.108.40.206 Increasing infrastructural development
220.127.116.11 Stringent government regulations
18.104.22.168 Growing awareness on safety standards
22.214.171.124 Impact analysis of drivers on market forecast
126.96.36.199 High cost of instruments
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Potential demand from Gulf Cooperation Council (GCC) countries
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Component
5.1.1 Hardware Market, by Type
5.2 By End User
5.3 By Region
Chapter 6. North America Market Size and Forecast
6.1 By Component
6.1.1 Hardware Market, by Type
6.2 By End User
6.3 By Country
6.3.1 U.S. Geotechnical Instrumentation and Monitoring Market, by End User
6.3.2 Canada Geotechnical Instrumentation and Monitoring Market, by End User
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Key Players and Their Offerings
11.2 Market Share Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Recent Activity of Key Players
11.5 Strategic Developments of Key Players
11.5.1 Mergers and Acquisitions
11.5.2 Product and Service Launches
11.5.3 Facility Expansions
11.5.4 Client Wins
11.5.5 Other Developments
Chapter 12. Company Profiles
12.1 Fugro N.V.
12.2 Geokon Inc.
12.3 Sisgeo S.r.l.
12.4 Keller Group plc
12.5 COWI Holding A/S
12.6 James Fisher and Sons plc
12.7 Deep Excavation LLC
12.8 RST Instruments Ltd.
12.9 Geomotion Singapore
12.10 Nova Ventures LLC
12.11 Geocomp Corporation
12.12 Eustis Engineering LLC
12.13 GeoSIG Ltd.
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