The Geotechnical Instrumentation and Monitoring Market is predicted to grow at a CAGR of 9.6% from its estimated value of USD 3.2 billion in 2021 to USD 5.1 billion in 2026. Growing government requirements for sustainable structures, rising infrastructure investments, growing geotechnical instrument usage to prevent structural failures, and rising instrumentation and monitoring tool awareness are some of the key reasons driving market expansion globally.
Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon (US), and Geocomp Corporation (US) are the major players in the geotechnical instrumentation and monitoring market. To strengthen their positions in the market, the firms have used a variety of techniques, including the creation of cutting-edge products, contracts, partnerships, collaborations, and acquisitions. The market participants have been able to expand globally with the aid of unique and tailored product and service offerings thanks to organic and inorganic tactics.
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To improve its position in the market, Fugro (Netherlands) engages in a number of Geotechnical Instrumentation and Monitoring projects. For the Tiel-Waardenburg Dike reinforcement project, for instance, Fugro was given a design, soil study, and monitoring contract in August 2021. The project's area of work for Fugros comprises design services, consulting, soil testing, and construction management, among other things. The business places a strong emphasis on inorganic growth tactics, such partnerships, to expand into new areas. To supply wind geotechnical services in Japan, for instance, Fugro teamed with NYK Group (Japan) in November 2020. Both businesses will be able to offer top-notch geotechnical services in Japan thanks to Fugro's expertise in offshore wind geotechnical services and NYK Group's understanding of the Japanese market. With offices spread over 61 nations, the company is a market leader that provides instrumentation and monitoring services such monitoring system design, procurement and supply, installation and testing, baseline reading and monitoring, and data presentation. The numerous services provided by Fugro have applications in the infrastructure, renewable energy, maritime, and other industries.
Through companies like Geo-Instruments (UK) and GeTec Ingenieurgesellschaft, Keller Group (UK) engages in geotechnical instrumentation and monitoring market business (Germany). These subsidiaries offer services such rail track monitoring, vibration monitoring, excavation monitoring, and geotechnical software services. Geo-Instruments specialises in geotechnical instrumentation and monitoring services and technologies. The business concentrates on inorganic expansion tactics like acquisitions and provides a wide range of geotechnical services to its clients. For instance, Recon Services (US), a provider of geotechnical and industrial services, was acquired by Keller Group in July 2021. The company expanded its offering of geotechnical services with this acquisition. The Keller Group is a significant competitor in the market thanks to its strong regional presence and capacity to provide solutions at affordable prices. Similar to this, the business declared in June 2018 that it had acquired the piling company Sivenmark Maskintjanst AB. The goal of the acquisition was to improve Keller's steel piling service capabilities.
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In order to improve its position in the geotechnical instrumentation and monitoring market, Nova Metrix LLC (US) purchased a number of businesses. 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. are a few of the company's subsidiaries. These businesses work together to offer consumers tools and services for a range of geotechnical applications. To advertise its line of services, the company has taken part in a number of conferences. The company's broad product line is extensive in scope, and the services it provides vary depending on the intended use. With a presence in more than 90 countries, Nova Metrix LLC has a significant international footprint.
Piezometers, inclinometers, strain gauges, tiltmeters, and pressure cells are just a few of the instruments offered by Geokon (US) that can be utilised for a variety of geotechnical applications. The corporation places a strong emphasis on RD operations to create cutting-edge and novel products. It has a well-known brand and a significant international footprint, with sales support and system integration centres spread throughout numerous nations. The business places a strong emphasis on product development as a growth strategy. For instance, in March 2021 Geokon introduced the GeoNet 8900 Series, a wireless, low power data acquisition system that gathers data from sensors and offers safe access to examine the data on the company's platforms and the internet. Similar to this, the business introduced the GK-406, a vibrating wire analyzer, in June 2020. This gadget reads data even in challenging conditions thanks to spectral analysis technology.
Numerous cutting-edge services are provided by Geocomp Corporation (US), including web-based monitoring solutions, vibration and data analytics, and predictive modelling for risk assessment. In addition to hardware and software solutions for monitoring structures, the company also offers leasing services. The company specialises in creating instrumentation solutions for dam monitoring, maintenance, and inspection. In order to reduce hazards associated with structures, the company also works on combining cutting-edge software solutions with new technology. To assist customers in identifying and managing risk related to the design, building, and operation of infrastructure in both natural and constructed environments, the company offers comprehensive products and allied services. The advanced and innovative products offered by the company make it a major player in the Geotechnical Instrumentation and Monitoring Market.
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