Global Utility Vegetation Management Market Size study & Forecast, by Service (Treatment, Pre-planning and Monitoring, Reactive Repair) by Technology (Insecticides & Herbicides, Plant Growth Regulators, LiDAR, Others) and Regional Analysis, 2022-2029

Global Utility Vegetation Management Market Size study & Forecast, by Service (Treatment, Pre-planning and Monitoring, Reactive Repair) by Technology (Insecticides & Herbicides, Plant Growth Regulators, LiDAR, Others) and Regional Analysis, 2022-2029

Global Utility Vegetation Management Market is valued at approximately USD 22.87 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2022-2029. Vegetation management is the process of weeding out and removing unsuitable vegetation, such as shrubs, trees, and branches. Such vegetation seriously affects cities and the caliber of services offered by damaging assets like power lines, trains, and other infrastructure. The safe removal of transmission lines and analysis of plant growth are both included in utility vegetation management. Factors such as extreme weather events, coupled with the increase in mileage of power lines to enhance power are contributing towards the market growth across the globe.

In addition, the rising adoption of advanced pruning methods for minimum impact on the ecosystem is bolstering the market growth. in November 2022, AiDash announced a strategic investment of USD 10 million from SE Ventures, backed by Schneider Electric. AiDash is a provider of satellite and AI-powered operations, maintenance, and sustainability solutions. The money is likely to use in the improve its vertical SaaS solutions powered by artificial intelligence (AI), such as Intelligent Vegetation Management systems, and satellite technology. The rising advancement in technologies for planning ahead and monitoring vegetation management is expected to impel market growth. Moreover, rising investment in the development of advanced technology, as well as the emergence of monitoring technologies is presenting various lucrative opportunities over the forecasting years. However, the high costs of vegetation management and the dearth of skilled professionals are challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Utility Vegetation Management Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the high spending vegetation management services and solutions, along with the increasing industrial development. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rapid expansion of transmission lines in the region, growing infrastructure development, and increasing the electric infrastructure development in the market space.

Major market players included in this report are:
Corteva (U.S.)
NM Group (U.S.)
BASF SE (U.S.)
Boultbee Vegetation Management (U.S.)
Helena Professional Products (U.S.)
Iapetus Infrastructure Services (U.S.)
Leidos (U.S)
TRC Companies, Inc (U.S.)
Capgemini (France)
IBM (U.S.)
Recent Developments in the Market:
In August 2022, The Trees & Lines podcast, which shares expert perspectives on the future of the vegetation management utility business, was introduced by Lapetus Infrastructure Services. The goal of the programme is to promote the best practices in utility vegetation management. (UVM).
In August 2022, Iapetus Infrastructure Services released the Trees & Lines program, which focuses on analysis of the future of the UVM sector.

Global Utility Vegetation Management 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 Service, Technology, 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 Service:
Treatment
Pre-planning and Monitoring
Reactive Repair
By Technology:
Solo Entrepreneurs & Individuals
Micro, Small & Medium Enterprises

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
RoLA
Rest of the World

Companies Mentioned

Corteva (U.S.)
NM Group (U.S.)
BASF SE (U.S.)
Boultbee Vegetation Management (U.S.)
Helena Professional Products (U.S.)
Iapetus Infrastructure Services (U.S.)
Leidos (U.S)
TRC Companies, Inc (U.S.)
Capgemini (France)
IBM (U.S.)

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