Global Utility Locator Market 2024-2028
Utility Locator Market 2024-2028
The utility locator market is forecasted to grow by USD 1929.1 mn during 2023-2028, accelerating at a CAGR of 5.48% during the forecast period. The report on the utility locator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing safety and security concerns regarding protection of underground utilities, increased demand for modern advanced utility locators over conventional tools, and stringent regulations on excavation and digging practices.
Technavio's utility locator market is segmented as below:
By Type
By End-user
- Oil and gas
- Electricity
- Transportation
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increase in gas pipeline laying projects as one of the prime reasons driving the utility locator market growth during the next few years. Also, evolution in technology for enhancing underground utility locators and emergence of contract or private locating companies and referral services will lead to sizable demand in the market.
The report on the utility locator market covers the following areas:
- Utility locator market sizing
- Utility locator market forecast
- Utility locator market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading utility locator market vendors that include 3M Co., Asian Contec Ltd., Berntsen International Inc., BLOOD HOUND LLC, Emerson Electric Co., Eos Positioning Systems Inc., Fortive Corp., Geophysical Survey Systems Inc., Guideline Geo AB, Hexagon AB, MidAmerican Technology Inc., Quanta Services Inc., RYCOM Instruments Inc., SPX Technologies Inc., STC TECHNO AC LLC, SubSurface Instruments Inc., The Toro Co., Utility Tool Co., Vermeer Corp., and Vivax Metrotech Corp.. Also, the utility locator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.