Utility Locator Market: Global Industry Analysis and Forecast (2021-2027) by Target, Offering, Technique, Application and, Region.

Utility Locator Market size was valued at US$ 5.9 Billion in 2020 and the total Utility Locator revenue is expected to grow at 6 % through 2021 to 2027, reaching nearly US$ 9.2 Billion.

Utility Locator Market Overview:

The utility locator market is primarily driven by reasons such as concerns about the safety and protection of subterranean facilities, the advantages of sophisticated utility locating technologies over older utility locating methods, and government initiatives to adopt utility locators. The concern for the safety and protection of subterranean utilities is impeding the expansion of the utility locator industry. Utility Locator Market To know about the Research Methodology :- Request Free Sample Report Furthermore, the market's primary obstacles have been expensive ownership and maintenance expenses, as well as a lack of experience and skill set. However, factors such as rising demand for real-time utility finding services, aging infrastructure, and the growing need for maintenance might provide major potential in this industry. One of the significant trends in the global utility locator market from 2021 to 2027 will be a rise in gas pipeline laying projects. The transition to piped natural gas for industrial and home reasons will increase gas pipeline laying projects worldwide. The natural gas industry's growing number of projects will necessitate extensive analyses and surveys of subterranean systems. Furthermore, the pipes must be inspected regularly to identify leaks or damage to subsurface gas pipelines. These reasons will fuel the expansion of the utility locator market.

Utility Locator Market Dynamics:

Factors such as an increase in real-time detection of leaks, inspections, and monitoring of underground utilities, stringent government policies requiring the location of underground utilities before excavating and construction activities, and the development of technologically advanced tools are driving the utility locator market. According to the UN research, by 2027, 2 billion people would be living in nations or areas with extreme water shortages, posing a danger to a variety of sectors, including food security. Inadequate water and sanitation are responsible for around 80% of diseases in underdeveloped nations. Many countries are working together to help underdeveloped countries get access to water resources. For example, the Food Security Innovation and Mobilization effort in Peru, Bolivia, and Burkina Faso invests about USD 20 million beginning in 2020 to improve access to groundwater resources. They are detecting water resources with utility locators and extracting them with hand pumps and hydroponic greenhouse technology. This enhances food security while also reducing water consumption during the dry season.

Global Utility Locator Market Segment Analysis:

By Target: In 2027, the market for metallic utilities is predicted to have a bigger proportion of the market. The market for non-metallic utilities is expected to grow at a faster CAGR during the forecast period (2021-2027) due to the rising demand for utility locators for detecting sewage pipelines, as well as mapping non-metallic utilities made of fiberglass reinforced plastic, concrete, asbestos cement, and plastics. By Offering: The utility locator market is divided into two offerings: equipment and services. In 2020, the equipment sector held a greater market share, while the services market is predicted to rise at a higher CAGR. The high cost of equipment ownership and maintenance, ongoing innovation in utility finding technologies, and severe government laws requiring the location of subsurface utilities before digging and building activities all contribute to the market's rapid growth. Utility Locator Market 1 By Technique: The utility locator market is further sub-segmented into electromagnetic field locators and ground-penetrating radar based on technology. Acoustic pipe locators, magnetic locators, and hydro or vacuum excavators are among other ways. In 2020, the electromagnetic field technique held the biggest market share of xx%. The greatest share of this sector may be ascribed to the adaptability of this technology to detect metallic utilities and the cheaper cost of the electromagnetic field technique compared to other techniques. During the projected period (2021-2027), the market for the GPR method is predicted to grow at the fastest CAGR. Utility Locator Market 2 By Application: Based on Applications, the utility locator market is sub-segmented into oil & gas, electricity, transportation, water & sewage, telecommunications. The telecommunications segment is expected to account for the largest share of the market in 2027. This can be attributed to the high repair cost of telephone lines, adoption of utility locators to avoid disturbances in the communication system and establishment of 5G technology infrastructure. The market for water & sewage is expected to grow at the highest CAGR between 2021 and 2027. Utility Locator Market 3

Global Utility Locator Market Regional Insights:

Throughout the projected period, North America will have the highest share of the utility market (2021-2027). The region presently dominates the market due to the increasing use of utility locators as a result of the increased need for greater monitoring and building activities in advanced economies such as the United States and Canada. In the United States, there are about 30 million miles of recognized subsurface utilities, with much more unnamed. When a transportation agency drills into the soil, known subterranean utilities such as telephone and internet cables, electric and gas lines, and pipelines (both large and tiny) are all in danger. The telecommunications business is thriving in the United States, with key firms collaborating with technology providers to achieve a first-mover advantage by putting out 5G service. The increasing digitalization of economies, particularly those in emerging markets such as India and China, will emerge as a prominent factor driving market development. Rising worries about the security and protection of subterranean utilities, as well as increased government creativity in the implementation of utility locators, will exacerbate the market's development pace. Rising R&D capabilities, as well as a rise in real-time detection of leaks, inspections, and monitoring of subsurface utilities, are major market growth factors. The Asia Pacific Utility Locator market is expected to grow over the forecast period (2021-2027). Evolving markets such as China and Asian countries are projected to play an important role in the rise in manufacturing the surrounding area. Utility Locator Market 4 The objective of the report is to present a comprehensive analysis of the global Utility Locator market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Utility Locator market dynamics, structure by analyzing the market segments and projecting the global Utility Locator market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Utility Locator market make the report investor’s guide.

Global Utility Locator Market Scope: Inquire before buying

Utility Locator Market 5

Global Utility Locator Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Utility Locator Market Key Players

• Ground Penetrating Radar Systems • On Target Utility Services • Geophysical Survey Systems • Mclaughlin • Pipehorn • Maverick Inspection • Detection Services • Radiodetection • Vivax-Metrotech • Guideline Geo • Ridge Tool Company • The Charles Machine Works • Leica Geosystems • 3M • USIC • Multiview

FAQs:

1. Which segments will grow at a faster pace and why? Ans. In 2027, the market for metallic utilities is predicted to have a bigger proportion of the market. 2. Which regions will grow at a faster pace and why? Ans. North America will have the highest share of the utility market (2021-2027). The region presently dominates the market due to the increasing use of utility locators as a result of the increased need for greater monitoring and building activities in advanced economies such as the United States and Canada. 3. What are the key factors affecting utility locator market dynamics? What are the drivers and challenges of the utility locator market? Ans. The utility locator market is primarily driven by reasons such as concerns about the safety and protection of subterranean facilities, the advantages of sophisticated utility locating technologies over older utility locating methods, and government initiatives to adopt utility locators. The concern for the safety and protection of subterranean utilities is impeding the expansion of the utility locator industry. 4. What are the business risks and threats to the utility locator market? Ans. the market's primary obstacles have been expensive ownership and maintenance expenses, as well as a lack of experience and skill set. 5. What are the emerging trends in the utility locator market and the reasons behind them? Ans. One of the significant trends in the global utility locator market from 2021 to 2027 will be a rise in gas pipeline laying projects. The transition to piped natural gas for industrial and home reasons will increase gas pipeline laying projects worldwide. The natural gas industry's growing number of projects will necessitate extensive analyses and surveys of subterranean systems. 6. Who are the major players in the utility locator market? Ans. The major players in the utility locator market are Ground Penetrating Radar Systems, On Target Utility Services, Geophysical Survey Systems, Mclaughlin, Pipehorn, Maverick Inspection, Detection Services, Radiodetection, Vivax-Metrotech, Guideline Geo, Ridge Tool Company, The Charles Machine Works, Leica Geosystems, 3M, USIC, Multiview
1. Global Utility Locator Market: Research Methodology 2. Global Utility Locator Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Utility Locator Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Utility Locator Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Utility Locator Market Segmentation 4.1 Global Utility Locator Market, by Target (2020-2027) • Metallic • Non-Metallic 4.2 Global Utility Locator Market, by Offering (2020-2027) • Equipment • Services 4.3 Global Utility Locator Market, by Technique (2020-2027) • Electromagnetic • Ground Penetrating Radar 4.4 Global Utility Locator Market, by Application (2020-2027) • Oil & Gas • Electricity • Water and Sewage, • Telecommunications • Other 5. North America Utility Locator Market(2020-2027) 5.1 Global Utility Locator Market, by Target (2020-2027) • Metallic • Non-Metallic 5.2 Global Utility Locator Market, by Offering (2020-2027) • Equipment • Services 5.3 Global Utility Locator Market, by Technique (2020-2027) • Electromagnetic • Ground Penetrating Radar 5.4 Global Utility Locator Market, by Application (2020-2027) • Oil & Gas • Electricity • Water and Sewage, • Telecommunications • Other 5.5 North America Utility Locator Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Utility Locator Market (2020-2027) 6.1. Asia Pacific Utility Locator Market, by Target (2020-2027) 6.2. Asia Pacific Utility Locator Market, by Offering (2020-2027) 6.3. Asia Pacific Utility Locator Market, by Technique (2020-2027) 6.4. Asia Pacific Utility Locator Market, by Application (2020-2027) 6.5. Asia Pacific Utility Locator Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. The Middle East and Africa Utility Locator Market (2020-2027) 7.1 The Middle East and Africa Utility Locator Market, by Target (2020-2027) 7.2. The Middle East and Africa Utility Locator Market, by Offering (2020-2027) 7.3. The Middle East and Africa Utility Locator Market, by Technique (2020-2027) 7.4. The Middle East and Africa Utility Locator Market, by Application (2020-2027) 7.5. The Middle East and Africa Utility Locator Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Utility Locator Market (2020-2027) 8.1. Latin America Utility Locator Market, by Target (2020-2027) 8.2. Latin America Utility Locator Market, by Offering (2020-2027) 8.3. Latin America Utility Locator Market, by Technique (2020-2027) 8.4. Latin America Utility Locator Market, by Application (2020-2027) 8.5. Latin America Utility Locator Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Utility Locator Market (2020-2027) 9.1. European Utility Locator Market, by Target (2020-2027) 9.2. European Utility Locator Market, by Offering (2020-2027) 9.3. European Utility Locator Market, by Technique (2020-2027) 9.4. European Utility Locator Market, by Application (2020-2027) 9.5. European Utility Locator Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 Ground Penetrating Radar Systems 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 On Target Utility Services 10.3 Geophysical Survey Systems 10.4 Mclaughlin 10.5 Pipehorn 10.6 Maverick Inspection 10.7 Detection Services 10.8 Radiodetection 10.9 Vivax-Metrotech 10.10 Guideline Geo 10.11 Ridge Tool Company 10.12 The Charles Machine Works 10.13 Leica Geosystems 10.14 3M 10.15 USIC 10.16 Multiview

About This Report

Report ID127835
Category Electronics
Published DateNov 2021
Updated Date
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