Utility Locator Market

Utility Locator Market worth 7.50 Billion USD by 2023

According to the new market research report on the "Utility Locator Market by Technique (Electromagnetic Field, GPR), Offering ( Equipment and Services), Target (Metallic and Non-Metallic), Vertical (Oil & Gas, Electricity, Transportation, Water & Sewage, Telecom), and Geography - Global Forecast to 2023", the utility locator market is expected to grow from USD 5.62 Billion in 2018 to USD 7.50 Billion by 2023, at a CAGR of 5.94% between 2018 and 2023. The market is mainly driven by the factors such as the concern for safety and protection of underground utilities, benefits of advanced utility locating technologies over traditional utility locating methods, and government initiatives toward the implementation of utility locators.

Browse 63 market data Tables and 32 Figures spread through 131 Pages and in-depth TOC on "Utility Locator Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/utility-locator-market-181874750.html
Early buyers will receive 10% customization on reports.

View TOC download pdf      Request Sample

Electromagnetic field locators held largest share of overall market in 2017

The electromagnetic field technique accounted for the largest share of the overall utility locator market in 2017. Factors such as high adoption of electromagnetic field technique to locate metallic utilities, such as electric wires, telephone lines, and cables, and the lower cost of electromagnetic field locators compared to other techniques drive the growth of the market for electromagnetic field locators.

The market for utility locating services to grow at higher CAGR during forecast period

The market for utility locating services is expected to grow at a higher CAGR during the forecast period. Factors such as the rise in the adoption of utility locating systems on a rental basis owing to their high cost of ownership, continuous innovation in utility locating systems, and imposed regulations and standards by the government for using a suitable detecting device before commencing digging, demolishing, or constructing any infrastructure contribute to the higher growth of this market.

North America is major consumer of utility locators

North America accounted for a major share of the overall utility locator market in 2017. Investments in new construction projects and upgrading aging infrastructure in North America have driven the utility locator market growth in this region. 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 report profiles the most promising players in the market. The competitive landscape of the market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key equipment providers in the utility locator market are Radiodetection (UK), Vivax-Metrotech (US), Guideline Geo (Sweden), Ridge Tool Company (US), THE CHARLES MACHINE WORKS (US), Sensors & Software (Canada), Leica Geosystem (Switzerland), and 3M (US). Major service providers in the utility locator market are USIC (US), multiVIEW (Canada), Ground Penetrating Radar Systems (GPRS) (US), On Target Utility Services (US), and Maverick Inspection (Canada).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
SE 6328
PR Published ON
6/1/2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Utility Locator Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home