Global Utility Locator Market to Reach USD 10.55 Billion by 2030 Amidst Infrastructure Boom

► Global Utility Locator Market Projected to Reach USD 10.55 Billion by 2030, Driven by Infrastructure Development and Safety Regulations

The global utility locator market, valued at USD 7.02 billion in 2023, is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 6%, reaching approximately USD 10.55 billion by 2030.

Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/127835/

► Market Overview

Utility locators are essential tools used to detect and map underground utilities, including metallic and non-metallic pipelines, cables, and other infrastructure. The market's growth is primarily driven by increasing concerns for the safety and protection of subterranean utilities, the advantages of advanced utility locating technologies over traditional methods, and government initiatives promoting the adoption of utility locators. Notably, the Asia-Pacific region is experiencing significant expansion, fueled by rapid urbanization and substantial investments in residential, industrial, and commercial infrastructure.

Competitive Landscape

The utility locator market features prominent players such as Radiodetection Ltd. (UK), Guideline Geo (Sweden), Rigid Tool Company (US), Ditch Witch (The Charles Machine Works) (US), Leica Geosystems AG (US), and Vivax-Metrotech Corporation (US). These companies are leveraging extensive manufacturing capabilities and global distribution networks to maintain a competitive edge.

► Regional Demand

The Asia-Pacific region is expected to be the fastest-growing market for utility locators, characterized by rapid infrastructure development initiatives and significant investments by the public and private sectors. Countries such as China, India, Japan, and South Korea are at the forefront of this growth, driven by the need for accurate identification and mapping of underground utilities to prevent accidental damages during construction activities. ​

Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/127835/

► Mergers and Acquisitions

The utility locator industry has witnessed strategic mergers and acquisitions aimed at enhancing product portfolios and expanding market reach:​

Vietnam: Emerging Opportunities in Infrastructure Development

Vietnam's mergers and acquisitions activity rebounded in 2021, driven by domestic companies. Investors remain confident in Vietnam, paving the way for strong M&A activity, particularly in infrastructure sectors, which may influence the utility locator market.

Thailand: Growth Through Foreign Direct Investment

Thailand continues to attract foreign direct investment, with numerous companies successfully establishing operations, indicating a favorable environment for utility locator enterprises to support ongoing infrastructure projects.​

Japan: Trends in Technological Innovation

Japanese companies are increasingly integrating advanced technologies into infrastructure projects, focusing on sustainable and efficient utility management, which may drive demand for utility locators.

South Korea: Consolidation in the Construction Industry

South Korea's construction industry is witnessing consolidation, with companies aiming to strengthen their market positions and expand their capabilities in utility detection and mapping services.​

Singapore: Opportunities in Smart City Initiatives

Singapore's commitment to smart city initiatives and infrastructure upgrades necessitates efficient utility management, presenting opportunities for utility locator companies to contribute to sustainable urban development.​

United States: Growth Through Innovation

In the United States, companies like Rigid Tool Company are investing in research and development to introduce innovative utility locating equipment, maintaining a competitive edge in the market.

China: Trends Toward Urbanization

China's rapid urbanization and substantial investments in infrastructure projects are driving the demand for utility locators to ensure the safety and efficiency of construction activities. ​

Europe: Market Consolidation via Strategic Mergers

European companies are engaging in strategic mergers to consolidate their positions in the utility locator market, aiming to enhance their technological capabilities and expand their market presence.​

► Key Recent Developments

Radiodetection Ltd. Launches 120CXB Metallic Cable Analyzer TDR: In April 2022, Radiodetection Ltd. introduced the 120CXB Metallic Cable Analyzer TDR, a high-precision time-domain reflectometer designed to locate cable faults quickly and easily.

Guideline Geo Introduces MALA Easy Locator Core: In September 2021, Guideline Geo launched the MALA Easy Locator Core, an efficient utility locating Ground Penetrating Radar (GPR) solution offering real-time data interpretation. ​
Interested to take a sneak peek? Request a sample copy of the report to see what's inside:https://www.maximizemarketresearch.com/request-sample/127835/

► Utility Locator Market Classifications

by Target

Metallic
Non-Metallic

by Offering

Equipment
Services

by Technique

Electromagnetic
Ground Penetrating Radar

by Application

Oil & Gas
Electricity
Water and Sewage,
Telecommunications
Other

For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/utility-locator-market/127835/

► The following companies are included in the market for Utility Locator :

1. Ground Penetrating Radar Systems
2. On Target Utility Services
3. Geophysical Survey Systems
4. Mclaughlin
5. Pipehorn
6. Maverick Inspection
7. Detection Services
8. Radiodetection
9. Vivax-Metrotech
10. Guideline Geo
11. Ridge Tool Company
12. The Charles Machine Works
13. Leica Geosystems
14. 3M
15. USIC
16. Multiview

► Don't miss out on the trending research published by Maximize Market Research:

Global Mineral Sand Market https://www.maximizemarketresearch.com/market-report/global-mineral-sand-market/89669/

Global Heat Sinks Market https://www.maximizemarketresearch.com/market-report/heat-sinks-market/11450/

Welding Electrode Market https://www.maximizemarketresearch.com/market-report/welding-electrode-market/187529/

China Electric Vehicle Market https://www.maximizemarketresearch.com/market-report/china-electric-vehicle-market/63300/

Global Radiofrequency Identification Market https://www.maximizemarketresearch.com/market-report/global-rfid-market/8415/

Wireless Charging Market https://www.maximizemarketresearch.com/market-report/wireless-charging-market/2733/

Cables and Connector Market https://www.maximizemarketresearch.com/market-report/cables-and-connector-market/187023/

CCTV Camera Market https://www.maximizemarketresearch.com/market-report/global-cctv-camera-market/3709/

Photoresist Market https://www.maximizemarketresearch.com/market-report/global-photoresist-market/3587/

Global Atomic Layer Deposition (ALD) Equipment Market https://www.maximizemarketresearch.com/market-report/global-atomic-layer-deposition-ald-equipment-market/35272/

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.