This field involves the study of soil mechanics and rock mechanics to support the safe and cost-effective design and construction of critical infrastructure, including buildings, bridges, dams, tunnels, highways, and more. By analyzing ground properties, geotechnical engineers ensure structural integrity and longevity, playing a vital role in infrastructure development.

Market Drivers and Trends

One of the key market drivers is the shift toward renewable energy, particularly offshore wind power. As renewable energy projects expand globally, so does the demand for geotechnical expertise in site assessment and structural planning. According to the International Energy Agency, wind electricity generation increased by 265 TWh in 2022, reaching over 2,100 TWh, making it the second-fastest growing renewable power source.

In line with this trend, TotalEnergies and SSE Renewables completed geotechnical seabed surveys for their 500 MW Seagreen 1A offshore wind farm in Scotland in March 2024. The second phase of the project is expected to begin later in 2024, with an estimated completion timeline of two weeks. Such developments underscore the growing importance of geotechnical services in supporting large-scale renewable energy infrastructure.

Key Market Trends & Insights

North America held the largest market share, accounting for 32.0% of global revenue in 2023.

Within North America, the U.S. market contributed a significant portion of overall revenue.

By type, underground city space engineering led the market with a 43.8% share of global revenue in 2023.

By application, the municipal engineering segment accounted for the highest revenue share during the same year.

Market Size & Forecast

2023 Market Size: USD 2.57 Billion

2030 Projected Market Size: USD 3.95 Billion

CAGR (2024–2030): 6.3%

Largest Regional Market: North America

Fastest Growing Region: Asia Pacific

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