Utility Locator Market to Witness Huge Growth by Key Players: Radiodetection, Guideline Geo, Ridge Tool Company, THE CHARLES MACHINE WORKS, Leica Geosystem, 3M, Vivax-Metrotech and Others.

According to Market Study Report, Utility Locator Market provides a comprehensive analysis of the Utility Locator Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Utility Locator Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Utility Locator Market is expected to reach USD 7.50 Billion by 2023 from USD 5.62 Billion in 2018, at a CAGR of 5.94% between 2018 and 2023. This report spread across 131 pages, profiling 10 companies and supported with 63 tables and 32 figures are now available in this research.

Top Key Players Profiled in the Utility Locator Market:
o Radiodetection (UK)
o Vivax-Metrotech (US)
o Guideline Geo (Sweden)
o Ridge Tool Company (US)
o THE CHARLES MACHINE WORKS (US)
o Sensors & Software (Canada)
o Leica Geosystem (Switzerland)
o 3M (US)

"Electromagnetic field technique held largest share of utility locator market in 2017"
The electromagnetic field technique accounted for the largest share of the utility locator market in 2017. The applicability of this technique to locate metallic utilities, such as electric wires, telephone lines, and cables, and the lower cost of the electromagnetic field technique compared to the other techniques can be attributed to the largest share of this segment.

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"Market for utility locating services to grow at higher CAGR during forecast period"
The utility locating services market is expected to grow at a higher CAGR during the forecast period. The high cost of ownership and maintenance of equipment, constant innovation pertaining to utility locating devices, and stringent government policies to locate underground utilities before digging and construction activities contribute to the higher growth of this market.

"Telecommunications vertical held largest share futility locator market in 2017"
The telecommunications vertical accounted for the largest share of the utility locator market in 2017. 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.

"North America was largest shareholder in 2017, whereas APAC would be fastest-growing region inutility locator market during forecast period"
North America accounted for the largest share of the overall utility locator market in 2017. The increasing concern for public safety and security and government efforts to avoid damage to pipelines and other utilities during the implementation of remodeling and infrastructure development initiatives facilitate the implementation of utility locating equipment and adopt utility locating services, which, in turn, propels the market growth in North America. The market in APAC is expected to grow at the highest CAGR during the forecast period.

Breakdown of primary participants' profile:
o By Company Type: Tier1= 50%, Tier 2= 30%, and Tier 3= 20%
o By Designation: C-Level Executives=60%and Directors = 40%
o By Region: North America= 25%, Europe= 35%, APAC= 30%, and RoW= 10%

Competitive Landscape of Utility Locator Market:
1 Introduction
2 Market Player Ranking Analysis
3 Competitive Scenario
3.1 Product Launches
3.2 Acquisitions and Expansions

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Research Coverage:
o This report includes the market statistics pertaining to the utility locator technique, offering, target, vertical, and geography, along with their respective market size.

o Major drivers, restraints, opportunities, and challenges pertaining to the utility locator market have been detailed in the report.

o Opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for the market leaders.

o Strategic profiling of the key players in the utility locator market has been doneand players 'ranking has been provided, and core competencies have been comprehensively analyzed.

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