Global Utility Locator Market: Key Highlights
Global Utility Locator Market: Key Market Dynamics
Global Utility Locator Market: Regional Overview
Asia-pacific is expected to grow at a faster rate during the forecast period due to increasing population, along with ongoing infrastructural activities, and increasing residential & commercial properties. China and India are expected to grow at an exponential rate in the market. This highest growth can be attributed to smart city initiatives, increasing commercial properties & residential buildings, and the high presence of telecommunication industries.
Thus, such high penetration of the utility locator in the region may boost the growth of the market in the Asia-Pacific region.
North America is expected to dominate the utility locator market during the forecast period owing to the presence of global players such as 3M, Emerson Electric Co., and Sensors & Software Inc. Increasing the adoption of the latest technologies over traditional technologies helps to grow the utility locator market in this region.
Global Utility Locator Market: Key Players Overview
3M engages in the provision of consumer, industrial, and safety products. The company operates through five business segments namely safety & graphics, health care, industrial, consumer, and electronics & energy. The Industrial segment provides products, including tapes, abrasives, adhesives, ceramics, sealants, closure systems for personal hygiene products, acoustic systems products, specialty materials, and filtration systems. The company provide locators, markers, and locating & marking accessories for various end-use applications such as communication cable locating, gas pipe locating, electric power utility locating, and water and wastewater line locating. In September 2019, the company launched 3M Dynatel 2273 Cable/Fault Locator which is used for trace or detect the path of underground cables, both copper and fiber optic wires.
Emerson Electric Co. provides analytical and measurement instrumentation, process control systems, industrial valves & equipment, tools & appliance solutions for end-use customers in commercial, consumer, and industrial markets. The company operates in automation solutions and commercial & residential solutions business segments. RIDGID is a subsidiary of Emerson Electric Co. which engages in the provision of a wide range of utility locating products.
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