Geotechnical Instrumentation and Monitoring Market with Covid-19 Impact Analysis - PowerPoint PPT Presentation

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Geotechnical Instrumentation and Monitoring Market with Covid-19 Impact Analysis

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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. – PowerPoint PPT presentation

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Date added: 14 August 2020
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Title: Geotechnical Instrumentation and Monitoring Market with Covid-19 Impact Analysis


1
Geotechnical Instrumentation and Monitoring
Market with Covid-19 Impact Analysis
PUBLISHED ON JUL, 2020 By, marketsandmarkets
2
Overview
  • The GTIM market is projected to reach USD 4.5
    billion by 2025 from USD 2.9 billion in 2020 it
    is expected to grow at a CAGR of 9.2 from 2020
    to 2025. Major drivers for the growth of the
    market are significant rise in infrastructure
    investments across various countries, use of
    geotechnical instrumentation to prevent failure
    of geotechnical structures and loss of lives,
    stringent government regulations to make
    structures more sustainable and safer, and
    growing awareness about benefits of GTIM tools.
    Opportunities in APAC and GCC countries, and
    investments in oil gas and major energy
    projects is creating ample growth opportunities
    in the market.

3
Impact of COVID-19 on GTIM Market
  • 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.
  • Moreover, the spread of COVID-19 has led to a
    sharp contraction in the global demand for
    components owing to reduced fixed investments,
    minimal industrial activities, and declined
    consumption. Each component of the global
    aggregate demand including consumption, capital
    investments, and exports, has fallen and
    continues to fall as containment measures have
    caused a complete halt of manufacturing
    activities. A few countries, especially in Europe
    and APAC, are about to lift their lockdown, and
    projects are expected to resume.

4
Key Market Players
  • Key players in the GTIM market include Fugro (Neth
    erlands), Keller Group plc (UK), Nova Metrix
    LLC (US), Geocomp Corporation (US), GEOKON (US),
    Sisgeo S.r.l (Italy), COWI A/S (Denmark), RST
    Instruments Ltd. (Canada), James Fisher and Sons
    plc (UK), and Deep Excavation LLC (US).

5
summary
  • According to the new market research
    report "Geotechnical Instrumentation and
    Monitoring Market with Covid-19 Impact Analysis
    by Offering (Hardware Software, and Services),
    Networking Technology (Wired, Wireless),
    Structure, Application, End User, and Geography -
    Global Forecast to 2025", The GTIM market is
    projected to reach USD 4.5 billion by 2025 from
    USD 2.9 billion in 2020 it is expected to grow
    at a CAGR of 9.2 from 2020 to 2025. Major
    drivers for the growth of the market are
    significant rise in infrastructure investments
    across various countries, use of geotechnical
    instrumentation to prevent failure of
    geotechnical structures and loss of lives,
    stringent government regulations to make
    structures more sustainable and safer, and
    growing awareness about benefits of GTIM tools.
    Opportunities in APAC and GCC countries, and
    investments in oil gas and major energy
    projects is creating ample growth opportunities
    in the market.

6
Table of Content
  • TABLE OF CONTENTS
  • 1 INTRODUCTION (Page No. - 26)    1.1 STUDY
    OBJECTIVES    1.2 DEFINITION AND
    SCOPE           1.2.1 INCLUSIONS AND
    EXCLUSIONS    1.3 STUDY SCOPE           1.3.1
    MARKETS COVERED
  • .
  • .
  • 16 APPENDIX (Page No. - 204)     16.1 INSIGHTS
    FROM INDUSTRY EXPERTS     16.2 DISCUSSION GUIDE

7
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