iCrowd Newswire
28 Sep 2023, 03:18 GMT+10
According to a market report by Lucintel, the future of the global infrastructure monitoring market looks promising with opportunities in the oil & gas, manufacturing, aerospace and defense, construction, automotive, and power generation sectors. The global infrastructure monitoring market is expected to reach an estimated $17.4 billion by 2030 with a CAGR of 12.1% from 2024 to 2030. The major drivers for this market are increasing usage of automated monitoring and inspection techniques in smart city infrastructures, expanding smart sensor use for remote monitoring of critical infrastructure, and rising preference for ground-penetrating radar (GPR) for bridge, tunnel, and roadway investigations.
In this market, corrosion monitoring, crack detection, damage detection, vibration monitoring, thermal monitoring, multimodal sensing, and strain monitoring are the major segments of infrastructure monitoring market by application.
Lucintel forecast that vibration monitoring is expected to witness highest growth over the forecast period due to its significant use in buildings to examine structural dynamics, identify potential stability concerns, and determine the impact of vibrations on the entire infrastructure's performance.
Within this market, power generation will remain the largest segment due to expanding use of infrastructure monitoring tools for proactive and timely repair of energy sector assets and growing need for remote maintenance in both onshore and offshore systems.
North America is expected to witness highest growth over the forecast period due to significant demand for infrastructure monitoring systems in oil & gas and power transmission & distribution facilities, existence of reliable infrastructures, and presence of key players in the region.
Acellent Technologies, Parker Hannifin, Siemens, Emerson Electric, Digitex Systems, General Electric, Campbell Scientific, National Instruments, Honeywell, and Rockwell Automation are the major suppliers in the infrastructure monitoring market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:Roy AlmaguerLucintelDallas, Texas, USAEmail: roy.almaguer@lucintel.comTel. 972.636.5056
Related reports
1.Computer and Peripheral Connector Market
2.Multilayer Ceramic Capacitor Market
Tags: Infrastructure Monitoring Market, Infrastructure monitoring market Size, infrastructure monitoring market Industry
See Campaign: https://www.lucintel.com
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Tags:Extended Distribution, iCN Internal Distribution, BNN, Research Newswire, EnglishGet a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationNEW YORK, New York - A decline in labor costs as measured by ADP failed to boost U.S. Markets Wednesday."ADP's ...
NEW YORK, New York - U.S. stocks spent most of Tuesday meandering, with the major indices closing out the day ...
NEW YORK, New York - U.S. stocks closed mixed on Monday following on from last week's volatility."Digestion is the word ...
WASHINGTON D.C.: As businesses built more warehouses and accumulated machinery equipment, the U.S. economy grew faster than initially forecast in ...
Chennai (Tamil Nadu) [India], December 7 (ANI): The Tamil Nadu government announced a holiday for all schools and colleges in ...
By Toshi MandolaNew Delhi [India], December 7 (ANI): The national general secretaries of the BJP on Wednesday came together for ...
REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...
California [US], December 7 (ANI): In its most ambitious effort to compete in the rapidly growing field of generative artificial ...
Abu Dhabi [UAE], December 6 (ANI/WAM): UAE Banks Federation (UBF) reaffirmed its commitment to support UAE's goals by pledging to ...
Hong Kong, December 5 (ANI): Few doubt that China is responsible for a massive campaign of computer hacking and nefarious ...
Dubai [UAE], December 5 (ANI/WAM): Keit Kasemets, Secretary-General of the Ministry of Climate of Estonia and Head of the Estonian ...
SEOUL - South Korea on Monday successfully conducted a flight of a solid-fuel rocket carrying a satellite over the sea ...