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Global Structural Health Monitoring Market Projected to Reach USD 16,601.1 Million by 2034, Driven by Increased Infrastructure Development | Future Market Insights, Inc.

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Wired SHM Systems Continue to be in High Demand on the Market, as They Remain the Most Popular Type of Structural Health Monitoring Systems.
The structural health monitoring market in United States is anticipated to develop at a CAGR of 10.90% through 2034.

NEWARK, Del., July 10, 2024 /PRNewswire/ — According to the latest industry analysis, the global structural health monitoring market size is estimated to be around USD 4,478.0 million in 2024. It is projected to exhibit a CAGR of 14.0% over the forecast period, with an estimated market size of USD 16,601.1 million by 2034.

The construction and infrastructural development sector, in the last few years, is witnessing a significant boom, especially post-pandemic. Emerging economies are investing a considerable amount of money in constructing public utilities such as bridges, roads, and flyovers. This has resulted in an exponential expansion of the market for structural health monitoring solutions.

Structural failures such as bridge collapses and weakened flyovers have also led to a massive demand for structural health monitoring solutions. Governments across the world have mandated stringent structural integrity assessments to ensure maximum public safety, which is driving the demand for these solutions. The expansion of smart and self-sufficient cities in countries like India, China, Brazil, and Singapore has also amplified the adoption of structural health monitoring equipment.

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Companies involved in the manufacturing of structural health monitoring systems are increasingly integrating artificial intelligence and machine learning algorithms for predicting the mechanical integrity of buildings. Technological advancements, such as the use of drones and unmanned aerial vehicles (UAVs) for regular inspections and surveys, have also fueled the market expansion.

“Continuous innovation is the key in this market. Companies in the structural health monitoring market must come up with new innovations, like the integration of Artificial Intelligence and Machine Learning algorithms to comprehensively assess and analyze structural data in real time,” – says Sudip Saha Managing Director and Co-Founder at Future Market Insights.

Why is the Global Market for Structural Health Monitoring Growing?

Innovative Smart Sensors and Wireless Technologies to Bolster Market Growth

As sensors improve and prototype smart sensors are used, the structural health monitoring market continues to be in high demand. A significant contribution to the monitoring of structural health can be made by MEMS, network services, and the development of wireless communication techniques. Smart sensors can handle massive volumes of data generated by monitoring systems by performing onboard operations on their embedded microprocessors, which helps them cope with the large amount of data they generate.

Wireless communication technologies have been extensively researched as a means of alleviating the shortcomings of wired sensing technologies. Traditional monitoring systems can be significantly simplified by wireless communication, which eliminates wiring problems and lowers maintenance costs. Over the next decade, structural health monitoring market demand will be driven by the use of high-tech smart sensors and wireless technology.

The structural health monitoring market is experiencing an upward trend due to growing applications in the architecture and engineering industries. Within the next decade, structural health monitoring systems are expected to see an increase in demand due to a growing focus on reducing the risk of damage to infrastructures, such as bridges, dams, and buildings.

An enhanced ability to understand the behavior of structures can be provided by structural health monitoring, as well as increased use of innovative materials, the identification of damages before they arise, the speeding up of repair and inspection processes, and smarter management and maintenance strategies can all contribute to the growth of the market as a whole. This is a key reason why the structural health monitoring market is likely to be the most important market driver over the next few years.

Key Takeaways from the Market Study

The wired structural health monitoring segment is set to dominate the structural health monitoring market with a share of 62.40% in 2024.  Based on components, the structural health monitoring software segment is on track to lead the structural health monitoring industry with a share of 38.30% in 2024. The structural health monitoring industry in China is anticipated to develop at a CAGR of 14.50% through 2034.The structural health monitoring industry in Germany is estimated to rise at a 5.50% CAGR through 2034.The structural health monitoring market in the United States has the potential to increase at 10.90% CAGR through 2034.The Germany structural health monitoring industry is predicted to rise by 5.50% CAGR through 2034.The structural health monitoring industry in Australia and New Zealand is likely to progress at a CAGR of 17.50% through 2034.

A Full Report Analysis: https://www.futuremarketinsights.com/checkout/1167

Competitive Landscape

The structural health monitoring market includes several leading companies, such as Nova Metrix LLC, Campbell Scientific Inc., COWI, Geocomp Corporation, Acellent Technologies Inc., Sixense, Pure Technologies (Xylem, Inc.), and Digitex.

These companies specialize in offering a range of services to construction companies, both public and private.They also offer consulting and monitoring services to stakeholders in various industries such as civil engineering, construction, transportation, and energy.These companies play a crucial role in helping construction companies monitor and assess the safety and health of their buildings and infrastructure.

Other Key Players:

SGS SAKinematicsGEOKONNational Instruments CorporationLivehooahSignaGuard

Recent Developments:

ABS and Seatrium, in November 2023, achieved structural health monitoring notation for ADMARINE 686, with a digital twin for predictive maintenance.IIT Mandi and INRIA developed AI-based structural health monitoring for accurate infrastructure health prediction in September 2023.In November 2023, University of Central Florida researchers unveiled four innovations utilizing AI and virtual reality to enhance structural health monitoring. This also included their flagship ‘Virtual Visualization System’.

Energy-based infrastructural activities to provide the much-required thrust for the growth of the USA structural health monitoring market

As per the research conducted by FMI, the USA is expected to hold the maximum market share of nearly 75% in the North American market. The massive increase in the number of infrastructural activities, coupled with a massive investment in the infrastructural sector by the government, is expected to drive the structural health monitoring market in the USA.

Apart from that, a number of stakeholders who are into providing energy-based solutions to their clients have started investing heavily in structural health monitoring systems to develop solid infrastructures. This shows a bright future for the structural health monitoring market in the USA.

Moreover, increased investment in the construction sector is expected to contribute massively to the demand for structural health monitoring. Furthermore, a number of key players who are into providing structural health monitoring solutions in the USA are expected to further expedite the market growth.

Being an epicenter for Earthquakes, Japan presents huge opportunities for the structural health monitoring market

Japan has been consistently hit by earthquakes throughout its recorded history. The adoption of a structural health monitoring system ensures that the buildings remain earthquake-proof.

The Japanese investors are particularly impressed with the cost-effective maintenance of the structural health monitoring systems. This consequently reduces the construction work.

Moreover, being susceptible to the earthquake would mean wanting to have a structure that has been developed on the grounds of performance-based design philosophy. That is to say, SHM collects data on the realistic performance of the structures, which can be kept as a reference for future construction-based activities as well, which is probably a breather, especially for Japanese construction businesses.

Report Preview: https://www.futuremarketinsights.com/reports/structural-health-monitoring-market

Key Segments in the Global Structural Health Monitoring Market

By Component:

HardwareSensorsData Acquisition SystemsSoftwareDesign and AnalysisParameter Identification and TrackingServiceInstallation ServiceDesign and Consulting ServiceOperation and Maintenance Service

By Type:

Wired SystemsWireless Systems

By Application:

Bridges and DamsBuildings and StadiumsVessels and PlatformsAirframes and Wind TurbinesLarge Machines and Equipment

By Region:

North AmericaLatin AmericaEuropeAsia PacificMEA

Author By:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us: 

Future Market Insights Inc.
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Siemon Appoints Trey Somers as Vice President of Product Management

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The Siemon Company, a global leader in network infrastructure solutions, announces the appointment of Trey Somers as Vice President of Product Management, effective Monday, July 15th, 2024.

WATERTOWN, Conn., July 20, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, announces the appointment of Trey Somers as Vice President of Product Management, effective Monday, July 15th, 2024. In this role, Somers will lead Siemon’s global product management team and drive the development of innovative solutions that meet the evolving needs of the market. With a distinguished career spanning over two decades in the industry, Somers brings a wealth of experience in enterprise product management, OEM product management, and consulting services. Most recently, he served as Managing Director at Align Communications where he successfully led a team delivering smart building solutions to major financial institutions across the globe. “We are thrilled to welcome Trey to the Siemon team,” said Henry Siemon, President and CEO. “His deep industry knowledge and proven track record in product management make him an invaluable asset to our organization. We are confident that under Trey’s leadership, Siemon will continue to deliver cutting-edge solutions that drive customer success.” In his new role, Somers will oversee both the OEM and Enterprise Product Management teams, combining them into a unified global product management organization. He will also collaborate closely with the marketing team to align product development with current market needs and developing industry trends. “I am excited to join the Siemon team and contribute to the company’s continued growth and success,” said Trey Somers, Vice President of Product Management. “Siemon has CONNECTING THE WORLD TO A HIGHER STANDARD www.siemon.com a strong reputation for innovation and customer focus. I look forward to working with the team to develop groundbreaking solutions that address the challenges and opportunities of today’s dynamic market.” Learn more about Siemon at www.siemon.com.

“We are thrilled to welcome Trey to the Siemon team,” said Henry Siemon, President and CEO. “His deep industry knowledge and proven track record in product management make him an invaluable asset to our organization.”

About Siemon – Established in 1903, Siemon is an industry leader specializing in the design and manufacture of high-quality, high-performance IT infrastructure solutions and services for Data Centers, LANs, and Intelligent Buildings. Headquartered in Connecticut, USA, with global sales, technical, and logistics expertise spanning 150 countries, Siemon offers the most comprehensive suites of copper and optical fiber cabling systems, racks, cable management, and Intelligent Infrastructure Management solutions. With more than 400 patents specific to structured cabling, Siemon Labs invests heavily in R&D and the development of Industry Standards, underlining the company’s long-standing commitment to its customers and the industry. Through an ongoing commitment to waste and energy reduction, Siemon’s environmental sustainability benchmarks are unparalleled in the industry.

Contact Information: Brian Baum, brian_baum@siemon.com

Media Contact

Brian Baum, Siemon, 1 860 945-4213, brian_baum@siemon.com

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Online Generator Seller Announces Cummins 7-Day Inflation Fighter Discount For Homeowners

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Cordova, Tennessee based Buckeye Power Systems, LLC announced its partnership with Cummins Power Generation and a 7-day inflation fighting 5% discount on the popular Cummins 20kW RS20A air-cooled home standby generator. The discount applies for purchases between July 25th and August 1st, 2024.

CORDOVA, Tenn., July 20, 2024 /PRNewswire-PRWeb/ — Cordova, Tennessee based Buckeye Power Systems, LLC announced its participation with Cummins Power Generation and its 7-day 5% discount for homeowners on the popular RS20A 20kW HSB air-cooled home standby generator. The discount also applies to the RS20AC kit which includes a 200-Amp Automatic Transfer Switch. The discount applies for purchases between July 25th and August 1st, 2024.

“The 7-day special discount applies to Cummins 20kW air-cooled home standby generator which is also its most popular model.”

David Richey, president of Buckeye Power Systems, said today, “The 7-day special discount applies to Cummins 20kW air-cooled home standby generator which is also its most popular model. The 20kW generator provides whole house coverage for homes up to 2000 square feet. The same generator also provides managed whole house coverage for homes up to 3000 square feet.”

Richey said the Cummins 20kW includes a built-in load management feature which manages the operation of high-power consumers like air conditioners, kitchen ovens, and clothes dryers. “The load management feature prevents certain loads from operating when the generator is already operating at or near peak performance,” Richey continued. “So, the RS20A offers managed whole house coverage for homes up to 3000 square feet.”

When fueled by natural gas, homeowners enjoy an unlimited supply of fuel from their utility supplier, thus eliminating the need for fuel storage. The same generator can also be fueled by liquid-propane (LP). A 5-year manufacturer’s warranty is standard and extended warranty coverage up to 10 years is available as an option.

In the current inflationary economic environment, the price rollback should be warmly welcomed among homeowners looking for special deals on standby power. The Buckeye Power Systems website currently offers the Cummins RS20A for $5,069 with no sales tax in most states, less the $253.45 discount. The Cummins RS20AC kit includes a 200-Amp Automatic Transfer Switch and is offered for $5995 less a $299.75 discount during the 7-day special promotion.

Buckeye Power Systems is also offering a $500 VISA Gift Card for purchase of the two other Cummins air-cooled home standby generators including the 13kW Cummins RS13A and the 17kW Cummins RS17A.

Media Contact

Steve Baker, Buckeye Power Systems, LLC, 1 19013798097, steve@benchmarkelectric.us, https://buckeyepowersystems.com

David Richey, Buckeye Power Systems, LLC, 1 9013798097, david@buckeyepowersystems.com, https://buckeyepowersystems.com

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UBX Cloud Creates A Rapid Solution To The Crowdstrike Outage Affecting Millions Worldwide.

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Download the newest version of the “CrowdFix” update on UBX Cloud’s website.

DETROIT, July 20, 2024 /PRNewswire-PRWeb/ — UBX Cloud, a dedicated cloud hosting provider with experience in IT solutions on a global scale, has developed a safe automated repair for the CrowdStrike outage that has affected millions worldwide. The new update has been named “CrowdFix” by UBX Engineers. The solution has been tested on thousands of servers that UBX Engineers manage internally with results that work highly efficiently.

“Our engineers have developed a countermeasure within 2.5 hours after the first reported incident. I appreciate the team working to create a solution that makes it simple, effective, and secure.” – Steven Panovski, President and Founder of UBX Cloud.

“Our engineers have developed a countermeasure within 2.5 hours after the first reported incident. I appreciate the team working to create a solution that makes it simple, effective, and secure,” stated Steven Panovski, President and Founder of UBX Cloud.

CrowdFix Solution Developed by UBX Cloud

To implement the CrowdFix solution, Engineers can simply boot the CrowdFix ISO on the impacted system and it’ll automatically detect all attached disks on the system, while deleting the CrowdStrike related files that are preventing impacted Windows systems. Administrative access or restoration from the backups isn’t required.

For step-by-step instructions on implementing the CrowdFix, please view the documentation in or video to implement. Complete Disclaimer will be listed on our company blog.

Instructions are to boot the ISO file and run the batch file.
Primary LINK 1: http://ubx.link/csfix
Alternate LINK: TBA

Filename: WinPE_UBXCloud_CSFix103.iso
MD5 Hashes: 623c3e11895dda4015bd02f0f8b49313e1fdf2806c961f71d41fbdc96cdc03b5
Size: 380 MB

UBX Cloud Inc.

UBX Cloud is a global IT and Engineering company founded in Michigan in 2008. After steady growth, they opened a new satellite office in India. The company has a team of Engineers working to develop and manage cloud solutions for businesses around the world. This ensures business continuity and secure cloud solutions that give customers peace of mind. To learn more about partnering with UBX Cloud on secure cloud solutions and managed services, please visit the website and contact the team.

With the growing dependence on technology and software solutions, it’s even more important for cloud service providers to develop solutions that support the overall architecture and framework of interconnectivity.

“We’re happy to develop a solution that supports business continuity and operations worldwide. Our team is dedicated to helping customers and the industry at large with cybersecurity and IT solutions that bring value. I especially want to thank our Engineer Mohammed Ali, for developing the solution rapidly,” Steven Panovski said passionately.

In addition to the CrowdFix solution, UBX Cloud previously supported other large enterprises with cybersecurity and cloud solutions. They’re quickly becoming a resource for Engineers across the globe that collaborate on developing technology solutions.

For more information, please visit UBX Cloud’s website at https://www.ubxcloud.com.

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Media Contact

Carrie Stapleford, UBX Cloud, 1 (586) 808-5000, oop@ubxcloud.com, https://www.ubxcloud.com/

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