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Structural Health Monitoring Market to Hit US$4.09 Mn by 2025: Soaring Constructional Activity to Boost Growth; Says TMR

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News provided by

Transparency Market Research

22 Feb, 2019, 11:00 GMT

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ALBANY, New York, Feb. 22, 2019 /PRNewswire/ --

The vendor landscape of the global structural health monitoring market is highly competitive in nature, notes Transparency Market Research. The quest for growth among predominant players has intensified the competition within the market. Owing to this the market endows a tremendous growth opportunity. The global structural health monitoring market consists of several prominent players. Some of the key players in the global structural health monitoring market are Kinemetrics, COWI A/S, Wiss, CTL Group, OSMOS Group, and Elstner Associates.

A market study conducted by Transparency Market Research (TMR) forecasts the growth pattern of the global market for structural health monitoring between 2017 and 2025. The report states that global structural health monitoring market will touch a valuation of US$4.09 mn by 2025-end rising at a whooping CAGR of 10.09%. The market was noted at US$1.57 mn in 2016.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11180  

On the basis of geographical standpoint, North America is anticipated to dominant the global structural health monitoring market during the forecast period. The structural health monitoring market in the region is likely to rise at a 10.49% CAGR from 2017 to 2025. Aging infrastructure such as bridges, tunnels, and power plants are key drivers of the market.  On the basis of connectivity, the global structural market can be segmented as wired and wireless. At present, wireless segment contributes the most to the revenue. This is mainly because of the low cost of wireless sensors.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11180   

Ongoing Construction Activity across Globe Fuels Growth

The construction industry across the globe is growing at a fast speed. The urbanization rate has broken all previous records. It has increased the demand of health monitoring systems. This is a good sign for growth in the global structural health monitoring devices. Apart from this, the rising demand of robust and reliable infrastructure has bolster growth in the global structural health monitoring market. Moreover, structural health monitoring systems has become a necessity for residential, industrial, and commercial sectors. Owing to this, the structural health monitoring market is expected to rise on an account of a large number of constructional advancement across the globe.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=11180   

Growing Tourism Industry to Uptake Growth

The construction regulatory bodies across the globe are taking concrete efforts to effectuate the safety of new buildings in their respective regions. This mandates the use of health monitoring systems in the constructional industry. The global structural health monitoring device is projected to rise on count of mandate government policy. Furthermore, the increase demand to protect historical monuments and heritage across the globe is giving a push to the global structural health monitoring market.  This is mainly due to growing tourism industry and a rise in the disposable income of people across the globe.

Request for Customization Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11180   

The review is based on TMR' report titled, "Structural Health Monitoring Market (Solution - Software, Hardware, and Services; Connectivity - Wired and Wireless; Application - Civil (Brides, Dams, and Tunnels) and Aviation) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025."

Global Structural Health Monitoring market is segmented as below:

Solution

  • Software
  • Hardware
  • Services

Connectivity

  • Wired
  • Wireless

Application

  • Civil
    • Bridges
    • Dams
    • Tunnels
  • Aviation
  • Others

Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

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About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com 
Research Blog: https://tmrblog.com/

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