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PRESS RELEASE


INFRASTRUCTURE MONITORING MARKET : ANALYSIS AND IN-DEPTH STUDY ON SIZE TRENDS,
EMERGING GROWTH FACTORS AND FORECAST 2025

Published: Dec. 15, 2021 at 5:12 a.m. ET

  comments


INFRASTRUCTURE MONITORING MARKET SIZE, SHARE, GROWTH, TRENDS, SEGMENTATION, TOP
KEY PLAYERS, STRATEGIES, DEMAND, STATISTICS, SALES, CURRENT SCENARIO,
COMPETITIVE LANDSCAPE AND FORECAST.


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The MarketWatch News Department was not involved in the creation of this
content.

Japan, Japan, Wed, 15 Dec 2021 05:10:55 / Comserve Inc. / -- Infrastructure
Monitoring Market size, share, growth, trends, segmentation, top key players,
strategies, demand, statistics, sales, current scenario, competitive landscape
and forecast.


The Infrastructure Monitoring Market is expected to register a CAGR of 15.66%
during the forecast period. This growth can be attributed to the growing use of
advanced sensor technologies, declining cost of sensors, and increasing capital
investments for structural health monitoring in order to ensure better
maintenance of critical infrastructure across the end-user industries.

- The growing demand for predictive maintenance in order to reduce life cycle
maintenance costs is one of the major drivers of this industry. MEMS inertial
sensors are extensively used predictive condition monitoring of buildings,
production systems, and even vehicles. This has been further augmented by the
emergence of IoT and advanced analytics that are continually improving the
functionality of such systems.
- IBM Corporation, in February 2019, announced a new portfolio of Internet of
Things (IoT) solutions that team AI and advanced analytics to help
asset-intensive organizations, like the Metropolitan Atlanta Rapid Transit
Authority (MARTA), to improve maintenance strategies.
- Moreover, the ability to remotely monitor critical infrastructure using smart
sensors has led to the proliferation of the market. This is extremely helpful in
the end-user segments, like mining, where structural monitoring using smart
sensors enables companies to save money and lives. Inertial sensors from First
Sensor that have the capability to achieve resolutions of 10 ug or 0.0005� (2
arc seconds) are extensively used for remote monitoring of buildings, bridges,
and wind turbines.
- The market is expected to be affected by the recent outbreak of the COVID-19
pandemic. The slowing down of the economy is expected to reduce expenditure on
infrastructure and thereby reducing growth figures for the market in a
post-corona economy. However, the companies are expected to invest in their IT
systems to develop remote monitoring capabilities in order to avoid a similar
situation in the future. This is expected to act as a big stimulus for the
market in the medium to long run.

Click Here to Download Sample Report >> https://www.sdki.jp/sample-request-90277

Key Market Trends

Energy Sector is Expected to Account for a Large Share of the Market

- The remote maintenance benefits that Structural Health Monitoring Systems
offer is extremely beneficial for both onshore and offshore systems in this
sector. In a wind turbine, for instance, central data modules are being
increasingly used to transmit data pertaining to structural conditions. The
introduction of cloud solutions has enabled this structural health monitoring
data to be continually collected and evaluated for predictive maintenance. Most
wind farm operators leverage SCADA data for remote monitoring and management.
- Moreover, Structural Health Monitoring solutions led to huge cost savings
through early detection, thereby facilitating higher investment in future
predictive maintenance solutions. Duke Energy deployed Schneider Electric's
Avantis PRiSM technology to save USD 7.5m through early crack detection in a
turbine rotor. This has ensured the prevention of cost over-runs through asset
optimization and maintenance.
- The non-invasive structural monitoring remains extremely critical to the
nuclear energy sector, which, by design, supports such technologies. The sensors
in nuclear reactors are installed during concrete casting or by inserting them
into holes that are drilled into the existing structures.
- In the next four years, more than 67 nuclear reactors in the world are
estimated to reach an age of over 40 years of the operational period. As nuclear
power plants age, the importance of maintenance increases, and this is expected
to create market opportunities for the market studied.

Asia-Pacific is Expected to be the Fastest-growing Market

- The rapid expansion of the end-user industries that have major avenues for the
application of structural health monitoring systems is leading to the expansion
of the market. For instance, according to the World Nuclear Association, China
and India have planned 43 and 14 nuclear reactors, respectively, by May 2019.
Thus, the need for maintenance of those power plants will also increase, which
in return will create a market for structural monitoring.
- Further, China has approximately 500 smart city pilot projects, the highest in
the world, covering big and small cities. The Chinese Government expects an
investment of USD 74bn of public and private investment in these cities by 2020.
The development of smart infrastructure is expected to open up new avenues for
structural monitoring systems.
- Additionally, the growth of end-user sections, like mining that is one of the
major areas of application for the monitoring systems, is also expected to
propel growth. China, for instance, produces the majority of the rare earth
metals of the world. With more than 50% of the top 40 mining companies in the
world present in the region, mining is expected to emerge as one of the major
areas of application for integrated drives during the forecast period.

Request For Full Report >> https://www.sdki.jp/sample-request-90277

Competitive Landscape


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Competitive Landscape of the structural health monitoring systems remains
fragmented, with several small and medium-sized players operating in the market.
The evolving needs of the end-user segments are driving the introduction of new
sensors and platforms that support structural health monitoring. Some of the
recent developments in the market are as follows:-

- July 2019 - Structural Monitoring Systems and Boeing have recently penned a
deal for acquisitions of products and services. According to the company, the
deal is expected to aid the ongoing commercial advancement of the CVM sensor
technology. CVM offers a novel method for real-time monitoring of crack
initiation and propagation

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support



The dynamic nature of business environment in the current global economy is
raising the need amongst business professionals to update themselves with
current situations in the market. To cater such needs, Shibuya Data Count
provides market research reports to various business professionals across
different industry verticals, such as healthcare & pharmaceutical, IT & telecom,
chemicals and advanced materials, consumer goods & food, energy & power,
manufacturing & construction, industrial automation & equipment and agriculture
& allied activities amongst others.



For more information, please contact:

Hina Miyazu


Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post Infrastructure Monitoring Market : Analysis and In-depth Study on Size
Trends, Emerging Growth Factors and Forecast 2025 appeared first on
Comserveonline.





COMTEX_398960663/2652/2021-12-15T05:12:55

Is there a problem with this press release? Contact the source provider Comtex
at editorial@comtex.com. You can also contact MarketWatch Customer Service via
our Customer Center.





The MarketWatch News Department was not involved in the creation of this
content.


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