Global Utility Locator Market Size study & Forecast, by Technique (Electromagnetic field, Ground penetrating radar, Other) by Offering (Equipment, Services), by End User (Oil & gas, Electricity, Transportation, Water and sewage, Telecommunication, Other)

Global Utility Locator Market Size study & Forecast, by Technique (Electromagnetic field, Ground penetrating radar, Other) by Offering (Equipment, Services), by End User (Oil & gas, Electricity, Transportation, Water and sewage, Telecommunication, Other) and Regional Analysis, 2022-2029

Global Utility Locator Market is valued at approximately USD 786.59 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2022-2029. A utility locator is a device that is used for identifying and mapping underground utilities such as electric cable distribution, telecommunication lines, water, and wastewater pipes, fiber optics, traffic lights, gas pipelines, etc. The market growth is majorly driven by the rising concern for the safety and protection of underground utilities and the rising benefits of utility locator systems over traditional techniques or technologies.

The introduction of standards and ease in regulations related to utility locators is expected to drive market growth. The China Macro Economy newsletter published news in January 2022 that the cabinet of China has started work to accelerate the speed of 102 key projects deliberate for their 2021–2025 development plan. The country is likely to get affected by frequent natural disasters including landslides and earthquakes, which increases the need to monitor and inspect the structures in real-time. Therefore, the favorable policies scenario and ease in regulations related to utility locators are fostering the growth of the market. The growing need for real-time utility locating, as well as rising requirements for infrastructure maintenance operations is anticipated to create various opportunities in the forecasting years. However, the high cost of ownership and maintenance of utility locators and different weather and soil conditions are hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Utility Locator Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the marketin terms of revenue, owing to the concern for public safety & security and increasing government support to avoid damage to pipelines & other utilities during the remodeling & infrastructure development initiatives. Whereas, the Asia Pacific is expected to grow significantly during the forecast period. Factors such as rising investment in infrastructure development, as well as growing investments in construction activities, are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Radiodetection Ltd.
Guideline Geo
Rigid Tool Company
Ditch Witch (The Charles Machine Works)
Leica Geosystems AG
Vivax-Metrotech Corporation
3M
USIC LLC
multiVIEW Locates Inc.
Ground Penetrating Radar

Recent Developments in the Market:
 In April 2022, Radiodetection Ltd. announced the launch of its 120CXB Metallic Cable analyzer TDR. The novel high precision time domain reflectometer (TDR) is designed to use in identifying cable faults easily and rapidly.
 In September 2021, Guideline Geo declared the introduction of MALA Easy Locator core. The product presents interpret data in real-time by representing and marking objects underneath the surface while measuring.
 In Feb 2021, the Rigid tool launched its RIGID Seek Tech ST-305R a powerful and flexible multi-frequency transmitter which is compatible with any NaviTrack or RIGID SeekTech receiver to find buried conductors.
 In august 2022, Ditch Witch announced the company’s acquisition of specific assets from River City Manufacturing Inc. including the hydrawheel design of rock saws.

Global Utility Locator Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Technique, Offering, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technique:
Electromagnetic field
Ground penetrating radar
Other
By Offering:
Equipment
Services
By End User:
Oil & gas
Electricity
Transportation
Water and sewage
Telecommunication
Other
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Radiodetection Ltd.
Guideline Geo
Rigid Tool Company
Ditch Witch (The Charles Machine Works)
Leica Geosystems AG
Vivax-Metrotech Corporation
3M
USIC LLC
multiVIEW Locates Inc.
Ground Penetrating Radar

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