Utility Locator Market To Reach USD 9.1 Billion By 2027 | CAGR 5.7% - Forencis Research

Utility Locator Market Size, Share, Trends, Growth, Analysis, Research

Global Utility Locator Market: Key Highlights

  • According to the new market research report “Utility Locator Market by Component (Equipment(Electromagnetic Utility Locator, Ground Penetrating Radar (GPR) Utility Locator, Others), Software, Services), by Detection (Metallic, Non-Metallic), by Frequency Range(Very Low to Low (128 Hz - 1 kHz), Medium (4 - 40 kHz), High Frequencies (40 - 300 kHz), Very-high Frequencies (>300 kHz)), by Application(Communications Cable Locating, Gas Pipe Locating, Electrical Power Utility Locating, Water and Wastewater Line Locating, Telephone Line Locating, Others), by Region (North America, Asia-Pacific, Europe, Middle East, and Africa, South America) – Global Forecast (2019 to 2027)”, the global Utility Locator market is estimated to reach USD 9.1 Billion by 2027 at a CAGR of 5.7% during forecast period 2019-2027.
  • The need for advanced utility locating technologies and government initiatives towards utility locators are expected to drive the market during the forecast period
  • However, high maintenance cost is expected to become a restraint for the global utility locator market during the projected period

Utility Locator Market

Global Utility Locator Market: Key Market Dynamics

  • Increasing demand for utility locating and marking and growing demand for safer underground utilities are expected to grow the market during upcoming years
  • Increasing demand for real-time locating devices will become an opportunity for the utility locator market during the forecast period
  • Lack of technical expertise, poorly insulated utility, proximity to other buried utilities, and utility depth are expected to become a challenge for the market during the projected years

Global Utility Locator Market: Regional Overview

  • Asia-Pacific

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

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:

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.:

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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Rep Id : SC 038

Published : 2020-01-28