The geotechnical instrumentation and monitoring market is estimated to be worth USD 3.2 billion in 2021 and is projected to reach USD 5.1 billion by 2026, at a CAGR of 9.6%.
Geotechnical Instrumentation and Monitoring Market with COVID-19 Impact Analysis by Offering, Networking Technology (Wired, Wireless), Structure (Bridges & Tunnels, Buildings & Utilities, Dams, Others), End User and Geography - Global Forecast to 2026
Data Bridge Market Research analyses the geotechnical instrumentation - monitoring market to reach at an estimated value of USD 6.1 billion by 2028 and exhibit a CAGR of 9.6% for the forecast period of 2021-2028.
Geotechnical instrumentation and monitoring market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the geotechnical instrumentation and monitoring market to exhibit a CAGR of 13.7% for the forecast period of 2022 to 2029.
The geotechnical instrumentation and monitoring market is expected to witness market growth at a rate of 13.8% in the forecast period of 2022 to 2029. Data Bridge Market Research report on geotechnical instrumentation and monitoring market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Geotechnical instrumentation and monitoring market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the geotechnical instrumentation and monitoring market to exhibit a CAGR of 13.7% for the forecast period of 2022 to 2029.
Globally, the demand for GTIM tools has dropped due to COVID-19 as construction projects are closed due to lockdowns. Additionally, construction projects were put on hold owing to this outbreak. Therefore, the market for geotechnical instrumentation & monitoring is expected to decline in 2020. The manufacturers of components used in hardware are facing several issues related to order accomplishments and the timely delivery of products owing to supply chain disruptions caused by lockdowns imposed in a number of countries. Moreover, there are delays in receiving raw materials from suppliers, primarily located in China and other Southeast Asian countries. These issues are taking a toll on the manufacturers spread across the world.
Some of the key players operating in the geotechnical instrumentation and monitoring market are COWI A/S, Deep Excavation LLC, Durham Geo-Enterprises, Inc., Fugro N.V., GEI Consultants, Geocomp Corporation
At a 14.6% compound annual growth rate, the soil monitoring market size is expected to reach USD 1,088 million by 2027 from its estimated USD 551 million in 2022.
Data Bridge Market Research analyses the geotechnical instrumentation - monitoring market to reach at an estimated value of USD 6.1 billion by 2028 and exhibit a CAGR of 9.6% for the forecast period of 2021-2028.
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