The Geotechnical Services Global Market Report 2023 by The Business Research Company, provides geotechnical services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Geotechnical Services Global Market Report 2023, the market size is expected to grow from $2.08 billion in 2022 to $2.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global geotechnical services is expected to grow to $2.71 billion in 2027 at a CAGR of 5.1%.
The rising investments in wind energy are expected to propel the growth of the geotechnical services market going forward. The technique of using the wind to generate mechanical power or electricity is referred to as wind energy. It necessitates the use of particularly tailored geotechnical exploration and data analysis approaches to managing risks at various phases of project development.
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The geotechnical services market is segmented:
1) By Product Type: Underground City Space Engineering, Slope And Excavation Engineering, Ground And Foundation Engineering
2) By Networking Technology: Wired, Wireless
3) By Application: Municipal Engineering, Hydraulic Engineering, Bridge And Tunnel Engineering, Mining Engineering, Marine Engineering, National Defense Engineering, Building Construction, Other Applications
Technological advancement is a key trend gaining popularity in the geotechnical services market. Technological advancement is a discovery of knowledge that advances technology. In July 2021, Ryder Geotechnical Limited, a UK-based geotechnical services provider launched its new geotechnical data analysis solution Hadrian Cloud Services. Hadrian is an analytical and visualization tool that allows users to easily interact and interrogate geotechnical data and provide detailed design. It also offers hassle-free geotechnical insight via intuitive controls, speed-ups the responsive data-driven design decisions, and helps streamline the offshore construction project.
The geotechnical services market report table of contents includes:
1. Executive Summary
2. Geotechnical Services Market Characteristics
3. Geotechnical Services Market Trends And Strategies
4. Geotechnical Services Market – Macro Economic Scenario
5. Geotechnical Services Market Size And Growth
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26. Africa Geotechnical Services Market
27. Geotechnical Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Geotechnical Services Market
29. Geotechnical Services Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- AECOM
- AMEC Engineering
- Arup Group
- Bechtel Group
- CH2M HILL
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