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Structural Health Monitoring (SHM) Market Enhance Growth Of USD 4.34 Billion By 2025

Structural health monitoring is a tool that enables civil engineers to reduce maintenance cost and improve safety measures of crucial architectural structures. Fundamental functions performed by SHM systems include testing and monitoring of performance and health of large machines, airframes, turbines, and structures such as buildings, bridges, dams, and stadiums.<br>

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Structural Health Monitoring (SHM) Market Enhance Growth Of USD 4.34 Billion By 2025

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  1. Structural Health Monitoring Market Size Worth $4.34 Billion By 2025 | Grand View Research, Inc “Structural health monitoring is a tool that enables civil engineers to reduce maintenance cost and improve safety measures of crucial architectural structures. Fundamental functions performed by SHM systems include testing and monitoring of performance and health of large machines, airframes, turbines, and structures such as buildings, bridges, dams, and stadiums.” The global structural health monitoring market size is estimated to reach USD 4.34 billion by 2025, according to a study conducted by Grand View Research, Inc., rising at a CAGR of 17.3% during the forecast period. Growing investments in infrastructural development and government regulations mandating implementation of sensors and data acquisition systems to monitor structure health are expected to augment the market. Increasing age of existing bridges and dams and rising focus on infrastructural advancements including construction of new bridges, dams, buildings, and stadiums are also providing a push to the market. Superior infrastructure is essential for regional development and it helps to increase productivity of the private as well as public sectors. Therefore, rapid infrastructural development across the globe is one of the primary growth stimulants for the market. These systems help in reducing cost by removing need for inspection staff and maintenance. Additionally, with ongoing advancements in technology, these systems are being used in applications such as diagnosing vessels and platforms in marine industries, aircraft frames in aerospace and defense, and inspection of large machines. Follow Us:

  2. North America is projected to dominate the market throughout the forecast horizon owing to surging demand from applications such as bridges & dams and buildings & stadiums. However, Asia Pacific is poised to post the highest CAGR of 18.9% during the same period. This is owing to increasing investments in the civil infrastructure sector, along with industries such as aerospace, defense, marine, and manufacturing. Moreover, in 2014, the Chinese government laid down new regulations mandating use of SHM systems while building new architectural structures and bridges. They have restricted replacement time period for an embedded sensor to 20 years and three to five years for a sensor placed on the surface of the bridge. Furthermore, expanding production of oil sands and shale gas in regions such as Africa and Asia are anticipated to stir up the demand for structural health monitoring systems. To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/structural-health-monitoring-shm-market Further key findings from the study suggest: • The hardware segment is likely to dominate the structural health monitoring market throughout the forecast period owing to higher cost of sensors and data acquisition systems as compared to that of software and services Follow Us:

  3. • In terms of application, the market for structural health monitoring is dominated by bridges & dams and the trend is estimated to continue until 2025. This is due to increasing investments in order to check for health of structures, thus ensuring public safety • Prominent industry participants include National Instruments Corporation; Structural Monitoring Systems; Digitexx Data Systems, Inc.; and Pure Technologies. View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software Grand View Research has segmented the global structural health monitoring market based on solution, application, technology, and region: Structural Health Monitoring Solution Type (Revenue, USD Million, 2015 - 2025) • Hardware oSensors oData Acquisition Systems oOthers • Software & Services Structural Health Monitoring Application Type (Revenue, USD Million, 2015 - 2025) • Bridges & Dams • Building & Stadiums • Vessels & Platforms • Airframes & Wind Turbines • Large Machines & Equipment Structural Health Monitoring Technology Type (Revenue, USD Million, 2015 - 2025) • Wired Follow Us:

  4. • Wireless Structural Health Monitoring Regional Outlook (Revenue, USD Million, 2015 - 2025) • North America oU.S. oCanada oMexico • Europe oU.K. oGermany • Asia Pacific oChina oJapan oIndia • South America oBrazil • Middle East & Africa Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-structural-health-monitoring-shm-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Follow Us:

  5. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com Follow Us:

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