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Global Utility Markers Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Utility markers follow the consistent colour codes established by the relevant Public Works Association authorities of the place because it may be difficult to keep track of exactly what is buried underground on a worksite. In addition to correctly identifying subterranean conduits, cables, and pipes as well as the owners and descriptions of the related facilities, various utility marking codes were employed after the establishment of the universal colour code.
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Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the increasing investments in infrastructure development in emerging economies. The market is anticipated to increase because to the expanding building activities, the necessity for safety, and the prevention of damage to subsurface utilities. Due to the growing awareness of buried utility safety and the requirement to follow government laws, the market for utility markers is also anticipated to increase in these areas.
Some of the key players in Utility Markers market include Hexatronic Group, OMEGA Marking Company, 3M Company, National Marker Company, Tempo Communications, Inc., Rycom Instruments, Inc., Seton, Komplex, Radiodetection Ltd., Trident Solutions, Inc., Berntsen International, Inc., Marking Services, Inc., Dura Line ltd. and Radiodetection Ltd.
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Key Developments:
In May 2023, Marking Services, Inc. announced the release of three new CO2 Pipe Markers. These markers were designed to fit the growing need within the CO2 Industry. With Self-Adhesive, Coiled, or Carrier options available these Pipe Markers are ideal for any harsh environments.
In January 2022, Trident Solutions announced the acquisition of LEM Products, Inc., a manufacturer of industrial identification products. Through the acquisition, it supports its safety marking and identification products portfolio.
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, Market experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
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