Geotechnical Sensors Market 2020 Industry Growth, Size, Share, Revenue, Top Companies Research (Keller Group, Nova Metrix, Roctest, Fugro N.V., RST Instruments, Geosense) Trends and 2024 Forecast
The Geotechnical Sensors is expected to grow at a CAGR of roughly 7.8% over the next five years, will reach 380 million US$ in 2024, from 240 million US$ in 2020, according to a new study. Geotechnical Sensors Market report delivers data on manufacturers, geographical regions, types, applications, key drivers, challenges, Opportunities, annual growth rate, market share, revenue and the actual process of whole Geotechnical Sensors industry.
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Competitors Analysis Of Global Geotechnical Sensors Market:
Major players in the geotechnical instrumentation and monitoring market are Geokon, Keller Group, Nova Metrix, Roctest, Fugro N.V., RST Instruments, Geosense, Opsens Solutions, Campbell Scientific, SISGEO. These players have adopted various strategies, such as new product developments, partnerships and contracts, and business expansions to cater to the needs of end users in the geotechnical instrumentation and monitoring market.
Of all structural segments of geotechnical instrumentation and monitoring market, tunnels & bridges is the fastest-growing segment during the forecast period. Bridges and tunnels are important infrastructures and contribute majorly to the growth of a region. Geotechnical monitoring in tunnels is important due to the increased risks of cave-ins. Thus, it is necessary to monitor the safety of these structures with high precision.
Market Segment by Companies, this report covers
• Geokon
• Keller Group
• Nova Metrix
• Roctest
• Fugro N.V.
• RST Instruments
• Geosense
• Opsens Solutions
• …
Global Geotechnical Sensors Market is spread across 123 pages, profiling 10 companies and supported with tables and figures.
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Regional Analysis of Global Geotechnical Sensors Market:
The growth of the market is attributed to the increasing infrastructural investment across various countries all over the world, catastrophic failure of structures resulting in loss of lives, stringent environmental regulations pertaining to the sustainability of structures, and increasing awareness and superior benefits of geotechnical instrumentation and monitoring.
Of all the regions, the North America held the largest market share in 2016. The major reason for this large market share is the high number of projects that are implementing geotechnical instrumentation and monitoring solutions in the region. The North America has always been the leader in implementing this technology and is very particular about the safety of its structures. Some of the major restraining factors for the growth of the geotechnical instrumentation and monitoring market are the high installation cost and the slow adoption rate in emerging economies.
Market Segment By Type –
• Tunnels & Bridges
• Buildings & Utilities
• Dams and Levees
• Others
Market Segment By Application –
• Extensometers
• Piezometers
• Strain Gages
• Thermometers
• Others
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Geotechnical sensors can provide information about the physical properties of the subsurface environment, for example, density, competence, and thickness of layers of soil or sediment. Sensors can provide information about stratigraphy, estimate depth to groundwater, or approximate hydraulic conductivity. An investigator must understand the properties and structure of soils and sediments to characterize a site accurately, as these conditions will affect sampling strategies and selection of technologies. Knowledge of the subsurface will also be critical when determining the location, extent, fate and transport, and attenuation of subsurface contaminants.
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
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