Global Cone Penetrometer demand is anticipated to be valued at US$ 24.1 Billion in 2022, forecast to grow at a CAGR of 3.2% to be valued at US$ 33 Billion from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 23.7 Billion |
| Expected Market Value (2022) | US$ 24.1 Billion |
| Anticipated Forecast Value (2032) | US$ 33 Billion |
| Projected Growth Rate (2022 to 2032) | 3.2% CAGR |
Cone penetrometers provide a continuous and accurate profile of soil stratification. This tool is useful for learning about granular and cohesive soils. Cone data provides a continuous profile of shear strength in cohesive soils and eliminates strength anomalies caused by the sampling process. In granular soils, the cone is more important because it is the only tool available that can provide reliable density information.
The cone penetrometer is the foundation of a number of tools and equipment we have available for onshore and offshore soil surveys. A cone-tipped probe, or penetrometer, is pushed into the soil at a constant rate of penetration to obtain cone resistance, sleeve friction, and pore pressure. The cone penetrometer is the foundation of a number of tools and equipment we have available for onshore and offshore soil surveys.
A cone-tipped probe, or penetrometer, is pushed into the soil at a constant rate of penetration to obtain cone resistance, sleeve friction, and pore pressure. Over the forecast period, the arrival of the digital cone penetrometer is expected to drive significant growth in the cone penetrometer market. This is due to the fact that the use of a digital cone penetrometer simplifies the testing procedure.
Furthermore, the results obtained by the digital cone penetrometer are not dependent on the design of the apparatus or the operator's judgment. Furthermore, the digital cone penetrometer test is applicable to a wide range of soil, ensuring that the cone penetrometer market expands.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The growing use of cone penetrometer technology for unconsolidated sediment sites is expected to drive significant growth in the cone penetrometer market during the forecast period. The cone penetrometer is expected to find new applications in areas with rock or cemented layers and large boulders.
The increasing use of digital cone penetrometers, on the other hand, due to their wide range of applications, is expected to ensure significant growth for the cone penetrometer market during the forecast period.
The use of a cone penetrometer is expected to be difficult due to the high soil density. Some of the sensors in the cone penetrometer may be hampered by lens fouling as a result of a dust reaction. During the forecast period, such factors will pose challenges to the growth of the cone penetrometer market.
Principal Consultant
The Asia Pacific cone penetrometer market is expected to grow moderately due to the increasing use of cone penetrometers in educational laboratories to promote practical education given to students.
According to Future Market Insights, Because of the region's increased R&D on soil testing, North America is expected to provide significant growth for the cone penetrometer market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Some of the key participants present in the global Cone Penetrometer market include Cooper Technology, Gilson Company, Durham Geo Slope Indicator (DGSI), CAPCO Test Equipment, Geotest Equipments, Humboldt and ACME Scientific among others.
Attributed to the presence of such high number of participants, the market is highly competitive.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Method Type, Service Type, Application, Stockholders, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; SEA & APAC; Japan; China; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Poland, Russia, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Cooper Technology; Gilson Company; Durham Geo Slope Indicator (DGSI); CAPCO Test Equipment; Geotest Equipments; Humboldt; ACME Scientific |
| Customization | Available Upon Request |
FMI projects the global Cone Penetrometer market to expand at a 3.2% value CAGR by 2032
North America is expected to be the most opportunistic Cone Penetrometer market.
Cooper Technology, Gilson Company, Durham Geo Slope Indicator (DGSI), CAPCO Test Equipment, Geotest Equipments, Humboldt and ACME Scientific are some prominent Cone Penetrometer manufacturers.
Explore Testing Equipment Insights
View Reports
Cone Penetrometer Market
