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Geotechnical Instrumentation and Monitoring Market with Covid-19 Impact Analysis

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.<br><br>

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Geotechnical Instrumentation and Monitoring Market with Covid-19 Impact Analysis

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  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 (Netherlands), Keller Group plc (UK), Nova Metrix LLC (US), Geocomp Corporation (US), GEOKON (US), SisgeoS.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. Thank You

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