South Africa Structural Health Monitoring Market Size & Outlook
South Africa structural health monitoring market, 2018-2030 (US$M)
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South Africa structural health monitoring market highlights
- The South Africa structural health monitoring market generated a revenue of USD 39.0 million in 2024 and is expected to reach USD 99.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 16.8% from 2025 to 2030.
- In terms of segment, hardware was the largest revenue generating solution in 2024.
- Software & Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Structural health monitoring market data book summary
| Market revenue in 2024 | USD 39.0 million |
| Market revenue in 2030 | USD 99.3 million |
| Growth rate | 16.8% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software & Services |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software & Services |
| Key market players worldwide | Highbank Resources Ltd, Emerson Electric Co, Xylem Inc, Acellent Technologies, Campbell Scientific, COWI, DIGI-TEXX Vietnam, Geocomp, GEOKON, GeoSIG, James Fisher and Sons plc, Kinemetrics, Inc., Nova Ventures, Sixense, Structural Monitoring Systems |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.1% of the global structural health monitoring market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE structural health monitoring market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 416.4 million by 2030.
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Structural Health Monitoring Market Scope
Structural Health Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa structural health monitoring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to structural health monitoring market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 62.05% in 2024. Horizon Databook has segmented the South Africa structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the SHM market in South Africa can be attributed to the increasing number of renewable energy projects, such as wind energy projects, across the country. The rising number of wind energy projects increases the demand for inspection and evaluation of structures such as wind turbine blades.
For instance, in December 2023, Vestas, a wind turbine manufacturer, received an order for a 63 Megawatt wind park in South Africa. The contract included the supply and installation of 14 V150-4.5 Megawatt wind turbines.
The company received another order from an independent power producer, Red Rocket, for a 108-Megawatt Witberg Wind Farm in Western Cape, South Africa. Thus, the increasing number of wind energy projects is expected to surge the demand for structural health monitoring of wind turbines across South Africa.
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Our clientele includes a mix of structural health monitoring market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa structural health monitoring market , including forecasts for subscribers. This country databook contains high-level insights into South Africa structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa structural health monitoring market size, by solution, 2018-2030 (US$M)
South Africa Structural Health Monitoring Market Outlook Share, 2024 & 2030 (US$M)
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