Cone Penetrometer Market will Grow at a CAGR of 3.2% to be Valued at US$ 33 Billion from 2022 to 2032 | FMI

Cone Penetrometer Market is anticipated to be valued at US$ 24.1 Billion in 2022, grow at a CAGR of 3.2% to be valued at US$ 33 Billion from 2022 to 2032.

Cone penetrometer is used for evaluating the consistency of soils, level of compaction of land and the bearing capacity of pavement subgrades and shallow foundations. Cone penetrometer has its use primarily for fine-grained soils, particularly soft soils, to depths of 30′. The cone penetrometer is provided with a 60-degree vertex angled cone and area of 1.5 cm squared. Also, cone penetrometer is provided with a 3 cm squared area for use in very soft soils.

The benefits of using cone penetrometer in all sites of soil, low sampling cost and increased flexibility provide extensive opportunities for the cone penetrometer market. The arrival of the digital cone penetrometer is expected to provide significant growth for the cone penetrometer market over the forecast period.

This is because; the use of digital cone penetrometer ease the test procedure. Also the results obtained by the digital cone penetrometer is nor dependent on the design of apparatus neither on the judgment of the operator. Moreover, the digital cone penetrometer test applies to a wide range of soil which ensures increasing opportunities for the cone penetrometer market.

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Cone Penetrometer Market: Drivers and challenges

Cone penetrometer market drivers

The increasing use of the cone penetrometer technology for the site containing the unconsolidated sediments is expected to ensure a significant growth for the cone penetrometer market during the forecast period. The cone penetrometer is expected to find new opportunities for its use at the sites with rock or cemented layers and large boulders. On the other hand, the increasing use of the digital cone penetrometer due to its wide range of application is expected to ensure considerate growth for the cone penetrometer market during the forecast period.

Cone penetrometer market challenges

High soil density is expected to provide a challenge for the use of cone penetrometer. Some of the sensors used in the cone penetrometer may be hampered by fouling of the lens due to a reaction to dust. Such factors are provided challenges for the growth of the cone penetrometer market during the forecast period.

Cone Penetrometer Market: Key Players

Some key players of Cone Penetrometer market are ACME Scientific, Humboldt, Geotest Equipments, CAPCO Test Equipment, Gilson Company, Rimik Australia, Aimil, Durham Geo Slope Indicator (DGSI), Cooper Technology, Vertek CPT, VJ Tech Limited, and ESS Earth Sciences & ESS Weathertech (ESS). These players are expected to profoundly influence the Cone Penetrometer market during the forecast period.

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The report covers exhaustive analysis on:

  • Global Market Segments
  • Global Market Dynamics
  • Historical Actual Market Size, 2013–2017
  • Global Market Size & Forecast, 2018 to 2028
  • Supply & Demand Value Chain for the Market
  • Global Market Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Market Solutions Technology
  • Value Chain of the Market
  • Global Market Drivers and Restraints

Cone Penetrometer Market: Segmentation

Cone Penetrometer market can be segmented as follows:

Segmentation of cone penetrometer market on the basis of type:

  • Hand Operated Static Cone Penetrometer
  • Self-Start Static Cone Penetrometer
  • Others

Segmentation of cone penetrometer market on the basis of method type:

  • Digital cone penetrometer method
  • Casagrande cone penetrometer method
  • Others

Segmentation of cone penetrometer market on the basis of service type:

  • Calibration services
  • Repair Services
  • Others

Segmentation of cone penetrometer market on the basis of application:

  • Educational Laboratory
  • Research Institute
  • Others

Segmentation of Cone Penetrometer market on the basis of stockholders:

  • Manufacturers
  • Distributors/Traders/Wholesalers
  • Subcomponent Manufacturers
  • Industry Association
  • Downstream Vendors
  • Others

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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