The global utility markers market size is expected to grow from USD 341 million in 2023 to USD 471 million by 2028, at a CAGR of 6.7% from 2023 to 2028. The electronic utility markers provide accurate and reliable information about underground utility locations, due to which they ensure safety for property and general public. This reduces the risk of accidents and damage to underground utilities.
As of 2022, 3M Company (US), Tempo Communications, Inc. (US), and Komplex (Slovakia), were some of the major players in the global utility markers market. Out of these key players, 3M is the dominant/leading player in the global utility markers market, with the largest product portfolio of utility markers and strong sales and distribution network. Apart from the above-mentioned players, there are several other notable players with substantial shares in the market, at global and regional levels. These players include Hexatronic Group AB (Sweden), Radiodetection Ltd. (UK), Rycom Instruments, Inc. (US), Seton (US), Berntsen International, Inc. (US), Dura-Line Corporation (US), National Marker Company (US), and Trident Solutions (US). These companies focused on strengthening their market position by developing innovative products and acquiring small players.
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3M Company is a global company with expertise in product development, manufacturing, and marketing. The company offers its products through four major reportable segments, which include Safety and Industrial, Transportation and Electronics, Healthcare, and Consumer. It also caters to a large number of industries, including automotive, commercial solutions, consumer markets, design & construction, electronics, energy, government, healthcare, manufacturing, safety, and transportation. For detection and monitoring applications, the company provides utility locators and related accessories, such as ball & disk markers, under the Safety and Industrial segment. Under this segment, the company has various products, such as abrasives, automotive aftermarket products, closure and masking systems, industrial adhesives and tapes, personal safety, roofing granules, and other safety and industrial products. Also, this segment caters to various markets, which include connected safety, structural bonding, surface finishing, respiratory protection, building components, automation and robotics, grid modernization, automotive electrification, and sustainable packaging.
Tempo Communications, Inc. offers a wide range of industry-leading tests and measurement solutions for the communications industry. It is also one of the leading manufacturers of utility markers. The company’s product portfolio consists of the following product categories: Ethernet, Cable TV, DSL, Fiber, Hand Tools, Location & Irrigation, Tool Bags, VDVInstruments, and Wireless. Under the Location and Irrigation category, the company offers products related to underground utility location & detection, such as locators, buried markers, and irrigation testers. The utility location equipment is highly efficient in locating, testing, and tracing buried wires and utility lines. This equipment also helps in pinpointing faults and leads to accurate digs. For the utility markers market, the company provides OmniMarker II ball markers. It has a patented and innovative design, which allows these ball markers to be lighter, smaller, and to have an improved location performance.
Komplex is one of the leading companies in the utility markers market. The company’s primary focus includes the development and production of radio frequency identification systems for the detection or identification of underground utilities. The product portfolio of the company includes smart markers, analog markers, and marker locators. Four of the company’s products are registered as patents or industrial designs. The company’s priority is to increase its geographical reach and offer high-quality products to its customers. In analog markers, the company offers passive analog markers, analog ball markers, and analog RF markers. These markers are used for retrieving the location of underground lines, such as power cables, water pipelines, sewage pipelines, and gas pipelines. Further, the smart markers offered by the company are mainly used for connections, couplings, change of direction, crossing with another network, change of depth, and concurrence of several networks. They have a lifetime of 50 years with data storage capability.
Utility Markers Market by Type (Ball Markers, Disk Markers, Tape Markers, Spike Markers), Configuration (Passive, Programmable), Utility Type (Gas, Power, Telecommunications, Water & Wastewater) and Region - Global Forecast to 2028
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