The North America Geotechnical Instrumentation and Monitoring Market would witness market growth of 6.7% CAGR during the forecast period (2021-2027).
The devices and technologies utilized for monitoring the process, structure, and infrastructure throughout construction activity are known as geotechnical instrumentation. Some of the growth catalysts for the geotechnical instrumentation and monitoring market are increasing infrastructure investments across numerous nations, strict government norms to make the structures more eco-friendly and secure, and raising awareness about the advantages of these instruments.
The regional market has been the early adopter of advanced technologies across every industry. In addition, some of the factors driving the growth and demand for geotechnical instrumentation and monitoring are heavy investments in the infrastructure sector, a remarkable rise in the adoption rate of geotechnical instruments to minimize structural failures, stringent government mandates for sustainable buildings, and increasing awareness about the advantages of this geotechnical instrumentation and monitoring tools. Therefore, these aspects are likely to unlock growth prospects for the players operating in the regional geotechnical instrumentation and monitoring market during the forecasting period.
The US market dominated the North America Geotechnical Instrumentation and Monitoring Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,267.7 million by 2027.The Canada market is poised to grow at a CAGR of 9.1% during (2021 - 2027). Additionally, The Mexico market would show showcase a CAGR of 8.2% during (2021 - 2027).
Based on Component, the market is segmented into Services and Hardware & Software. Based on structure, the market is fragmented into Bridges & Tunnels, Buildings & Utilities, Dams, and Others. Based on networking technology, the market is segmented into Wire and Wireless. Based on End User, the market is segmented into Buildings & Infrastructure, Energy & Power, Oil & Gas, and Mining. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Geotechnical Instrumentation and Monitoring Market is Estimated to reach $5,113.6 million by 2027, at a CAGR of 8.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fugro N.V., COWI A/S, James Fisher and Sons plc, John Wood Group plc, Keller Group plc, Terracon, Geosense ltd., GEOKON, Sisgeo S.r.l., and Geocomp Corporation.
By Component
By Structure
By Networking technology
By End User
By Country
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