Global Structural Health Monitoring Instrument Market To Reach $2.72 Billion By 2022

Date: 2018-03-02

Structural Health Monitoring Instruments are used in the process of implementing a damage detection and characterization strategy for engineering structures. Here damage is defined as changes to the material and/or geometric properties of a structural system, including changes to the boundary conditions and system connectivity, which adversely affect the system’s performance.

The large urbanization, and accelerated intelligent industrialization and increased investment in other infrastructural developments in emerging markets is the largest driver for the Structural Health Monitoring Instruments market, according to a brand new research, the global Structural Health Monitoring Instruments market expected to grow at a CAGR of 6.8% over 2018-2022, reach $2.72 billion by 2022.

On the basis of geography, thanks to increasing industrialization and infrastructural development, Asia Pacific is experiencing huge demand for new construction. According to research, the Asia Pacific is expected to register a highest CAGR of 7.5% for the forecast period. 

In the western regions, the North America market is estimated to account for 28% share of the global structural health monitoring market in 2018, region followed by Europe, which is expected to hold 22% of marker share globally.

Base on application, residential sector as an end-use segment is expected to dominate the global Structural Health Monitoring Instruments market among all end-use sectors.

Globla top Structural Health Monitoring Instrument companies are Advitam Group, COWI A/S, Geocomp Corp., Geokon, Inc., Hottinger Baldwin Messtechnik GmbH (HBM), Nova Metrix LLC, Sodis Lab, Strainstall UK Ltd., Digitexx Data Systems, Inc., Geosig Ltd., National Instruments, Kinemetrics, Inc., Acellent Technologies, Inc. among others.

Structural Health Monitoring Instrument market share by region as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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