Geotechnical Instrumentation and Monitorin Market: In-Depth CoveragePosted by Devanshu Shrivastava on November 12th, 2020 The construction industry across the world is expanding swiftly owing to urbanization. In 2017, the total expenditure registered in the global construction market was 11 trillion dollar and the value is projected to reach 13.5 trillion dollar by the end of 2024. The industry is primarily witnessing growth because of the increasing construction activities in countries such as India, China, and the U.S., where China is predicted to witness the fastest growth during 2019–2014. This is because the Chinese government is increasingly spending on different transportation projects, including road construction and high-speed railway lines. In addition to all this, the construction of skyscrapers in growing around the world. Due to all these factors, the demand for geotechnical instrumentation and monitoring solutions is rising. Geotechnical instruments are needed for the planning of structures in order to determine the specific details regarding the foundation of the building. Among various components, the fastest growth in demand in this market during the forecast period is predicted to be witnessed by the services category. This can be mainly ascribed to the surging demand for these services for monitoring of critical structures in the energy & power sector. Additionally, the focus on old structures, such as dams, is rising, which is leading to the deployment of these instruments and services for monitoring purposes to establish the safety of humans and wildlife in the vicinity. This market research report provides a comprehensive overview of the geotechnical instrumentation and monitoring market
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