where expertise comes together - since 1996

Web's Largest Portal of Nondestructive Testing (NDT)
Open Access Database (Conference Proceedings, Articles, News), Exhibition, Forum, Network


NDT.net Issue - 2018-02 - NEWS

Structural Health Monitoring Market worth 3.40 Billion USD by 2022


MarketsandMarkets17, Pune, MH [India]
NEWS  
NDT.net Journal
Issue: 2018-02
According to the new market research report, "Structural Health Monitoring Market by Solutions (Hardware: Sensors, Data Acquisition System; Software & Services), Technology (Wired and Wireless), End Users and Geography - Global Forecast to 2022", is expected to grow from USD 701.4 Million in 2015 to USD 3407.7 Million by 2022, at a CAGR of 24.99% between 2016 and 2022.

The rapidly aging infrastructure in North America and Europe has promoted the adoption of structural health monitoring solutions for civil infrastructure such as bridges, dams and tunnels. The increasing usage of composites in manufacturing of aircraft airframe structures, and inability of current non-destructive testing (NDT) techniques in monitoring hazardous and inaccessible areas within structures such as nuclear power plants and offshore wind farms are the factors driving the growth of structural health monitoring market.

The structural health monitoring market ecosystem includes

  • sensor and data acquisition systems (DAS)
  • Nova Metrix LLC (U.S.)
  • Geokon, Inc. (U.S.)
  • National Instruments (U.S.)
  • Acellant Technologies Inc., Geocomp (U.S.)
  • Geosig Ltd. (Switzerland)
  • Digitexx Data Systems, Inc. (U.S.)
  • Advitam Group (France)
  • COWI A/S (Denmark)

    "Sensors to hold the largest share of the structural health monitoring market for hardware solutions during the forecast period"

    Hardware solutions used in structural health monitoring are expected to hold the largest share and dominate the structural health monitoring market between 2016 and 2022. Sensors are expected to hold the largest share of the structural health monitoring market for hardware solutions between 2016 and 2022 since these components are required to be installed in large numbers to cover the structures such as bridges, dams and airframes.

    "Wireless technology is expected to exhibit a high growth rate in the structural health monitoring market"

    Wireless technology is expected to exhibit a very high growth rate between 2016 and 2022. There is a growing demand for wireless technology in the structural health monitoring market. Wireless structural health monitoring has emerged as a technology that would significantly influence the field of infrastructure asset management and structural monitoring.

    Make an Inquiry:

    https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=101431220

    "Structural health monitoring market in APAC to grow at the highest rate between 2016 and 2022"

    The structural health monitoring market in Asia-Pacific (APAC) is expected to grow at the highest rate between 2016 and 2022. This market growth could be attributed to rapid infrastructural development in the APAC region. Major driving factors include government regulatory bodies enacting strict laws for construction and maintenance of structures, large number of infrastructure construction projects such as hydroelectric (hydel) dams and power plants, and natural calamities which create the need for structural health monitoring.

    Speak to Analyst : https://www.marketsandmarkets.com/speaktoanalyst.asp?id=101431220

    Download Report Brochure @

    Contact:
    Mr. Rohan
    MarketsandMarkets™ INC.
    630 Dundee Road
    Suite 430
    Northbrook, IL 60062
    USA : 1-888-600-6441
    Email: newsletter@marketsandmarkets.com

    More of MarketsandMarkets published in NDT.net
    2018-06-01: Thermal Imaging Market worth 4.04 Billion USD by 2023
    2018-04-01: Intelligent Pigging Market worth 717.9 Million USD by 2023
    2018-03-01: Acoustic Emission Testing Market worth 349.9 Million USD by 2023
    2018-03-01: Film Thickness Measurement Market worth 521.9 Million USD by 2023
    2018-02-01: Infrastructure Monitoring Market worth 3.38 Billion USD by 2023
    2017-09-01: The Global Market for Nondestructive Testing (NDT) Equipment and Services should Reach More than $17.2 Billion in 2017 and $26.4 Billion by 2022, at a CAGR of 8.9% Through 2022.
    2016-09-01: Ultrasonic Testing Market worth 3.93 Billion USD by 2022
    2016-09-01: NDT Services Market by Testing Technique (Ultrasonic, Radiographic, Eddy Current, Magnetic particle, Acoustic Emission, Terahertz Imaging), Type (Inspection, Renting, Training, Calibration), Vertical, & Geography - Global Forecast to 2022
    2016-02-01: Non Destructive Testing (NDT) Market by Method (UT, RT, LPT, MPT, ECT, VI), End-User (Aerospace & Defense, Power Generation, Infrastructure, Oil & Gas, Automotive), Technique, Application & Region (G7, BRICS, RoW) – Global Forecast to 2020
    2016-01-01: Industrial Radiography Market worth 539.0 Million USD by 2020
    All 17 Articles & News of MarketsandMarkets in NDT.net


  • © NDT.net - The Web's Largest Portal of Nondestructive Testing (NDT) ISSN 1435-4934

    Open Access Database, |Conference Proceedings| |Articles| |News| |Exhibition| |Forum| |Professional Network|