Global Smart Concrete Market: Overview
Smart concrete technology is a new alternative method for monitoring the health of reinforced concrete structures. It was developed Dr. Deborah D.L. Chung from State University of New York at Buffalo, U.S. The unique perceived benefit of smart concrete is that it is fortified by carbon fiber, which comprises as much as 0.2% to 0.5% of the volume. It can detect stress or strain in concrete structures before it gets too late. The smart concrete technology has undergone extensive laboratory testing, but is yet to hit the market.
It works by adding a small quantity of short carbon fiber to concrete with a conventional concrete mixer to modify the electrical resistance of concrete in response to strain or stress. As a result, the contact between the fiber and cement matrix is impacted when the concrete is deformed or stressed, thereby affecting the volume electrical resistivity of the concrete. The strain is then uncovered by measuring the degree of electrical resistance. Smart concrete is capable of sensing miniscule structural flaws before they become substantial and hence find application in checking the internal condition of structures, particularly after an earthquake.
In the report, Transparency Market Research provides a detailed analysis of the potential of the global smart concrete market. The report analyzes the different potential market drivers and restraints by gathering inputs from various people having in-depth knowledge of the technology.
Global Smart Concrete Market: Trends and Opportunities
One factor slated to contribute to the global smart concrete market is the widespread use of concrete as a composite material for various types of structures and its inability to withstand tension, resulting in cracks easily. This necessitates monitoring them for cracks so as to prevent them from getting worse by timely repair. This, in turn, helps to ensure safety and durability of various structures. Other methods to evaluate cracks are by attaching or embedding sensors into structures. Sensors, however, cost more to install. Smart concrete is relatively cheaper. This is another factor that would likely drive its market.
The supercharged growth in the smart buildings market in the upcoming years would also help in the quick uptake of smart concrete. This is because in addition to their basic functionality of detecting minor cracks, smart concrete also helps to arrest the progress of cracks in conventional concrete and reinforce them to make them stronger. Further, it takes a lot of force for smart concrete to bend, and it soaks more energy before fracture. Smart concrete can also have application in building highways for they would help in weighting vehicles plying on them. A highway constructed using smart concrete would be able to detect the position, weight, and speed of vehicles.
Global Smart Concrete Market: Regional Outlook
The report studies the potential market for smart concrete by segmenting it based upon geography and then attempts to gauge the opportunity in each region. Advanced economies in North America and Europe, which have been at the forefront of adopting latest technologies, would likely emerge as prominent markets for smart concrete. Asia Pacific, powered by densely populated, emerging economies such as China and India where construction activities are being conducted full-throttle, also spells solid potential.
Companies Mentioned in Report
To present an in-depth assessment of the potential competition in the smart concrete market, the report attempts to gauge the strategies that would be adopted by players wanting to foray into the market. Leading companies operating in the global concrete and cement market would likely lap up the opportunity presented by the new technology to further enhance their product offerings.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.