Valued to be $5.1 Billion by 2026, Geotechnical Instrumentation and Monitoring Slated for Robust Growth Worldwide
SAN FRANCISCO, June 23, 2022
SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Geotechnical Instrumentation and Monitoring - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 6; Released: January 2022
Executive Pool: 401
Companies: 42 - Players covered include Durham Geo Slope Indicator, Inc.; Fugro N.V.; Geocomp Corp.; Geokon Inc.; Keller Group plc.; Sisgeo S.r.l. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Hardware & Software, Services); Structure (Tunnels & Bridges, Buildings & Utilities, Dams, Other Structures)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Geotechnical Instrumentation and Monitoring Market to Reach $5.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Geotechnical Instrumentation and Monitoring estimated at US$2.9 Billion, is projected to reach a revised size of US$5.1 Billion by 2026, growing at a CAGR of 10% over the analysis period. Hardware & Software, one of the segments analyzed in the report, is projected to record a 9.6% CAGR and reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 10.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $854.8 Million in 2021, While China is Forecast to Reach $1 Billion by 2026
The Geotechnical Instrumentation and Monitoring market in the U.S. is estimated at US$854.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2026 trailing a CAGR of 13.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 8.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.