Utility Locator Market Expected To Witness A Sustainable Growth Over 2031 April 15, 2022
Utility location is the process of finding and marking public utility mains that are underground. These may contain lines for electricity distribution, telecommunication, natural gas, television cable, fiber optics, street lights, traffic lights, storm drains, water mains, and wastewater pipes. In some places, most important national defense communication lines, oil and gas pipelines, mass transportation, road and rails channels also contend for space underground.
This growth can be accredited to the concern for security and protection of underground utilities, betterment of innovative utility locating technologies over outmoded utility locating methods, and government creativities toward the execution of utility locators. However, high possession and maintenance costs limits the growth of the utility locator market. The high cost of possession and maintenance of equipment, continuous innovation affecting to utility locating devices, and strict government policies to locate underground utilities before excavating and construction activities contribute to the greater growth of this market.
Major Key Players of 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) are some major players in the utility locator market.
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The market is segmented on the basis of, technique, offering, target, industry vertical, and geographical region. On the basis of technique, the market is segmented into ground penetrating radar, electromagnetic field, and others. The electromagnetic field technique accounted for the major share of the utility locator market in 2017. The
applicability of this technique to locate metallic utilities, such as telephone lines, electric wires, and cables, and the lower cost of the electromagnetic field technique related to the other techniques can be endorsed to the largest share of this segment. On the basis of offering, the global market is segmented into services and equipment. On basis of target market can be segmented into metallic utilities and nonmetallic utilities. By industry vertical, utility locator market can be segmented into oil & gas, transportation, electricity, telecommunications, water and sewage, and others. The telecommunications industry vertical accounted for the largest share of the utility locator market in 2017. This can be indorsed to the high repair cost of telephone lines, formation of 5G technology substructure, and adoption of utility locators to avoid instabilities in the communication system.
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