Press release
Utility Locator Market Poised for Robust Growth, Projected to Reach USD 820 Million by 2023
Utility Locator Market
There are old subterranean utilities in many areas that require upkeep, replacement, or repairs. Utility locator services are frequently necessary to prevent potential damage or service interruptions. Excavation and digging have become more common as a result of urbanization and infrastructural development. It is possible to lay new telecommunications cables, repair existing utilities, or build new utility lines.
The utility locator device can be used for many applications, including the location of telecommunication lines. With these devices, users can locate utilities using electromagnetic and GPR technologies. Examples of such multipurpose locators include Subsite Electronics' UtiliGuard and Radiodetection's RD8100PDL.
๐๐ง๐๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ฎ๐ง๐ญ๐๐ฉ๐ฉ๐๐ ๐ฉ๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ - ๐๐๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ก๐๐ง๐๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:
https://www.futuremarketinsights.com/reports/sample/rep-gb-17772
According to the United Nations report, by 2025, about 1.8 billion people will live in areas with absolute water scarcity, contributing to food insecurity and many other problems. The lack of clean water and sanitation is responsible for about 80% of illnesses in developing countries. Many countries are taking joint initiatives to help developing countries access water resources.
Utility locating is becoming increasingly popular among contractors, construction companies, and utility service providers. Utility locators are located accurately, not only are damages prevented and worker safety ensured, but project delays are also reduced. Therefore, more companies are investing in utility locators, driving the market.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
โข The global market for utility locator services is forecast to grow at a CAGR of 4.6% over the forecast period.
โข Due to rapid innovation and advanced technologies, China is expected to increase its utility locator demand by 5.6% CAGR by 2033.
โข The increasing construction industry in the United States will lead to an increase in utility locators. The sector will grow at a CAGR of 3.6% from 2023 to 2033.
โข The Japanese automotive industry is driving market growth, which is expected to reach a 4.2% CAGR by 2033.
โข According to analysts, the utility locator market in telecommunications is forecast to grow at a CAGR of 4.5% over the next few years.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐จ๐ ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ ๐๐ก๐๐ข๐ซ ๐๐๐ซ๐ค๐๐ญ๐ข๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ:
Globally, the utility locator market has become highly competitive over the past decade. A cost-effective and broader product line will enable the company to thrive in a highly competitive market.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐๐ฅ๐ฎ๐๐:
โข In February 2023, a Minnesota company introduced a new underground utility mapping system. GIS Manager Damon Nelton leveraged Esri solutions, hardware, and software from Eos Positioning Systems to develop a real-time capturing solution for new pipeline construction at Ellingson Companies. Ellingson Companies improved field productivity and the safety of future construction projects by streamlining its documentation workflows.
โข In March 2023, Vermeer introduced its GPS-enabled Verifier G3+ Utility Locator. An intuitive user interface, optimized connectivity, and high accuracy are the key features of this new-generation locator. By connecting the Verifier G3+ utility locator to a smartphone and using the G3+ Map app, location details can be plotted, including depth, current index, GPS information, utility type, device name, and the operator's name.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ ๐๐ก๐๐ข๐ซ ๐๐๐ซ๐ค๐๐ญ๐ข๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ
1. Radiodetection Ltd.
2. Guideline Geo
3. Rigid Tool Company
4. Ditch Witch (The Charles Machine Works)
5. Leica Geosystems AG
6. Vivax-Metrotech Corporation
7. 3M
8. USIC LLC
9. Multi VIEW Locates Inc.
10. Ground Penetrating Radar
๐๐๐ญ ๐๐จ๐ซ๐ ๐๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ
ESCOMAR-certified member Future Market Insights offers unbiased global market analysis, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the utility locator market, the market is segmented based on Technique (Electromagnetic Field, Ground Penetrating Radar, Other), Offering (Equipment, Services), Vertical (Oil & Gas, Electricity, Transportation, Water and Sewage, Telecommunication, Others) and Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐จ๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
By Technique:
โข Electromagnetic Field
โข Ground Penetrating Radar
โข Other
By Offering:
โข Equipment
โข Services
By Vertical:
โข Oil & Gas
โข Electricity
โข Transportation
โข Water and Sewage
โข Telecommunication
โข Others
By Region:
โข North America
โข Latin America
โข Europe
โข Asia Pacific
โข Middle East & Africa (MEA)
Related reports --
https://www.fmiblog.com/2024/11/04/utility-asset-management-market-growth-factors-opportunities-ongoing-trends-and-key-players-2032/
https://www.fmiblog.com/2024/11/27/utility-analytics-and-energy-analytics-market-expected-to-reach-usd-9-8-billion-by-2032/
https://www.fmiblog.com/2024/11/04/insights-that-matter-future-market-insights-inc-s-future-outlook-on-the-location-intelligence-market/
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
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