Geotechnical instrumentation and monitoring market forecast to witness phenomenal growth opportunities by 2025

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Geotechnical instrumentation and monitoring
market share research by applications and regions
for 2019-2025 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of geotechnical instrumentation and
monitoring market

• North America is expected to dominate the
  geotechnical instrumentation and monitoring
  market due to rising investments in
  infrastructure projects in the region. For
  instance, in February 2019, the U.S.
  Environmental Protection Agency (EPA) issued
  seven WIFIA loans to help finance over USD 4
  billion in water infrastructure projects. These
  investments are directed toward accelerating the
  investments in water infrastructure to support
  the Presidents Infrastructure Initiative. The
  rapid urbanization in the region is enabling the
  development of new infrastructure facilities. The
  development of these facilities is cost-effective
  and incurs no damage, thereby surging the demand
  for geotechnical instruments.
• Geotechnical Instrumentation and Monitoring
  Market is expected to show rapid growth over the
  forecast period due to rising investments in the
  infrastructure sector across the world, increase
  in government regulation regarding sustainable
  and safe soil structure, and rising awareness
  regarding the destruction of infrastructure
  occurring due to failure of geotechnical
  structures. The reduction in underground water
  levels in developing countries including India
  and China is another factor contributing
  significantly to the geotechnical instrumentation
  and monitoring market growth. The growing demand
  for safe and secure mining operations is also
  enabling the adoption of GTIM in mining companies.

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• The failure of geotechnical facilities due to
  excessive loads, construction deficiencies, and
  design errors can lead to life and financial
  hazards. GTIM helps in detecting such failures
  and reducing the hazards by issuing advanced
  warnings of an impending failure to allow people
  enough time to evacuate a place. It also helps
  financially to reduce the risk by decreasing
  chances of unexpected failure destroying a
  project. GTIM monitors the progress of
  geotechnical performance to control any
  construction activity. The data collected from
  GTIM instruments can be analyzed to build more
  economic design approaches including staged
  construction. Data from these instruments can
  also be utilized for permitting the operations of
  facilities to be utilized closer to the limits
  without causing any failure. These instruments
  also help in avoiding the wrong geotechnical
  assumptions in case of critical design structures
  and help in increasing the efficiency of their
  designs.
• GTIM helps in providing remedial methods to fix
  the failures related to geotechnical
  infrastructure. The in-performance monitoring
  ability of GTIM helps in reducing the time
  required to build a geotechnical infrastructure.
  These instruments can help in identifying the
  inflated third-party claims associated with the
  damage of geotechnical infrastructure. The high
  installation cost associated with GTIM can
  restrict the market growth. The lack of skilled
  labor required for the installation and
  calibration of geotechnical instruments can also
  hamper the geotechnical instrumentation and
  monitoring market growth.

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• The companies operating in the geotechnical
  instrumentation and monitoring market are engaged
  in strategic acquisitions to expand their
  presence to newer markets as well as to
  strengthen their technological capabilities. For
  instance, in April 2017, Keller completed the
  acquisition of an instrumentation and monitoring
  company, GEO-Instruments. The company has a good
  presence in the U.S. market and supplies,
  manufactures, installs integrates geotechnical
  monitoring systems for excavation, railways,
  buildings, dams, tunnels, slopes, and
  embankments. The acquisition was aimed at
  strengthening Kellers global capabilities in
  geotechnical instrumentation and monitoring.
• 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, Geokon
  Incorporated, Innovative Geotechnical
  Instrumentation, James Fisher and Sons, Keller
  Group, Monitoring Solution Providers Pte Ltd.,
  Nova Metrix LLC, Petra Geosciences, Inc., Quantum
  Geotechnical, Sisgeo SRL, Wardle Drilling
  Geotechnical Ltd., and WJ Groundwater Limited.

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Methodology

• Market
  research reports Key analytical components

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