Structural Health Monitoring (SHM) Market Research Report & Trend Worth 1.89 Billion USD by 2020

Pune, India -- (SBWIRE) -- 02/23/2016 -- The operating cost can be saved by using SHM systems, which facilitate condition-based maintenance for various civil infrastructure. The global SHM market was valued at USD 505.0 Million in 2014 and is expected to grow at a CAGR of 24.7% between 2015 and 2020. The base year considered for this research study is 2014, and the market size has been estimated between 2015 and 2020. In this report, the SHM market is divided into four major geographies: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The SHM market in North America accounted for the largest share in 2014, in terms of value. The said market has been divided into the U.S., Canada, and Mexico. The key driving factors for the SHM market in the Americas include the ageing infrastructure, government support, and the increasing need for effective solutions for maintaining infrastructure.
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