Geotechnical Instrumentation and Monitoring Market Trends, Key Vendors, Demand and Forecast 2026


Market Leadership

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. Rising infrastructure investments, increasing adoption of geotechnical instruments to prevent structural failures, government regulations for sustainable structures and growing awareness about the benefits of instrumentation and monitoring tools are some of the major factors contributing to the market growth globally.

The Major Players in the Geotechnical Instrumentation and Monitoring Market are Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon (US) and Geocomp Corporation (US). The market players have adopted various strategies such as development of advanced products, contracts, partnerships, collaborations and acquisitions to strengthen their position in the market. The organic and inorganic strategies have helped the market players to expand themselves globally with innovative and customized product offerings and services.

Fugro (Netherlands) undertakes several Geotechnical Instrumentation and Monitoring projects to strengthen its position in the market. For instance, in August 2021, Fugro was awarded a design, soil investigation and monitoring contract for Tiel-Waardenburg Dike reinforcement project. Fugro's scope of work for the project majorly includes design services, consultancy, soil testing and construction management. The company extensively focuses on inorganic growth strategies, such as partnerships, to enter new markets. For instance, in November 2020, Fugro partnered with NYK Group (Japan) to provide wind geotechnical services in Japan. Fugro's expertise in offshore wind geotechnical services and NYK Group's knowledge about the Japanese market will enable both the companies to provide high-quality geotechnical services in Japan. The company is a leading player in the market and offers instrumentation and monitoring services such as monitoring system design, procurement and supply, installation and testing, baseline reading and monitoring, and data presentation and has a strong geographic presence with offices located in 61 countries globally. The wide range of services offered by Fugro find applications in oil and gas, infrastructure, renewables, nautical, and other sectors.

Keller Group (UK) operates in the Geotechnical Instrumentation and Monitoring Market through subsidiaries such as Geo-Instruments (UK) and GeTec Ingenieurgesellschaft (Germany). These subsidiaries provide services such as vibration monitoring, excavation monitoring, geotechnical software services, and rail track monitoring. Geo-Instruments specializes in services and technologies related to Geotechnical Instrumentation and Monitoring. The company offers a wide range of geotechnical services for its customers and focuses on inorganic strategies such as acquisitions for growth. For instance, in July 2021, Keller Group announced the acquisition of Recon Services (US), a geotechnical and industrial services company. With this acquisition, the company strengthened its portfolio of geotechnical services. Its strong geographic presence and its ability to offer cost-competitive solutions have made Keller Group a major player in the market. Similarly, in June 2018, the company announced the acquisition of Sivenmark Maskintjanst AB, a company that specializes in piling. The acquisition was aimed to strengthen Keller's steel piling service competencies.

Nova Metrix LLC (US) has acquired several companies to strengthen its position in the Geotechnical Instrumentation and Monitoring Market. The various subsidiaries of the company are Durham Geo Slope-Enterprises, Inc. (DGSI), Roctest Ltd., Sensornet Ltd., Sherborne Sensors Ltd., Soil Instruments Ltd., Westbay Instruments, Waterloo Hydrogeologic, and Van Essen Instruments B.V. These companies collaborate to provide instruments and services to the customers for a variety of geotechnical applications. The company has participated in various conferences to promote its brand of services. The diverse product portfolio of the company is exhaustive in nature and the services offered by the company vary according to the desired application. Nova Metrix LLC has a strong global reach with a presence in more than 90 countries.

Geokon (US) offers a wide range of products that include instruments such as piezometers, inclinometers, strain gauges, tiltmeters, and pressure cells that can be used for several geotechnical applications. The company extensively focuses on R&D activities to develop advanced and innovative products. It has a strong brand name and a strong global presence with sales support and system integration facilities in many countries. The company extensively focuses on product development as a strategy for growth. For instance, in March 2021, Geokon launched GeoNet 8900 Series, a wireless, low power data acquisition system that collects data from sensors and provides secure access to view the data over the internet and the company platforms. Similarly in June 2020, the company launched GK-406, a vibrating wire analyzer that uses spectral analysis technology which enables the device to read data even in harsh environments.

Geocomp Corporation (US) offers a wide range of advanced services, such as web-based monitoring solutions, vibration and data analytics and predictive modeling for assessment of risk. The company also provides software solutions as well as rental services of hardware and software solutions for monitoring of structures. The company focuses on developing instrumentation solutions for dam surveillance, inspection, and maintenance. The company also focuses on integrating new technologies with advanced software solutions to mitigate risks related to structures. The company aims to provide comprehensive products and allied services to its customers to help them identify and manage risk associated with the design, construction, and operation of infrastructure in natural and built environments. The advanced and innovative products offered by the company make it a major player in the Geotechnical Instrumentation and Monitoring Market.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/geotechnical-instrumentation-monitoring-market-221101423.html

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more