Utility Locator Market Trends and Forecast
The future of the global utility locator market looks promising with opportunities in the telecommunication, water & sewage, electricity, oil & gas, and transportation markets. The global utility locator market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are growing adoption of advanced utility mapping technologies, rising need to prevent utility damages during excavation, and increasing infrastructure development & maintenance activities.
• Lucintel forecasts that electromagnetic field is expected to witness higher growth over the forecast period.
• Within this market, telecommunication is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Utility Locator Market
• USA: UtiliQuest announced a partnership with local governments to enhance underground utility mapping accuracy using advanced locator technologies, aiming to reduce infrastructure damage during construction projects.
• Australia: Dial Before You Dig (DBYD) launched a new initiative to promote the use of utility locators among construction firms, supported by government subsidies to improve safety and efficiency in excavation activities.
• Germany: Leica Geosystems introduced a next-generation utility locator with enhanced precision and real-time data capabilities, targeting infrastructure development projects supported by government incentives for technology adoption.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Utility Locator Market by Segment
The study includes a forecast for the global utility locator market by technique, offering, application, and region.
Utility Locator Market by Technique [Value from 2018 to 2030]:
• Electromagnetic Field
• Ground Penetrating Radar
• Others
Utility Locator Market by Offering [Value from 2018 to 2030]:
• Equipment
• Services
Utility Locator Market by Application [Value from 2018 to 2030]:
• Telecommunications
• Water & Sewage
• Electricity
• Oil & Gas
• Transportation
• Others
Utility Locator Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Utility Locator Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies utility locator companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the utility locator companies profiled in this report include-
• Megger Group Limited
• USIC
• multiVIEW Locates
• Penhall Company
• SPX Technologies
• Emerson Electric
• Hexagon
Recent Development in the Utility Locator Market
• Vivax-Metrotech: Vivax-Metrotech expanded its product line of utility locators with models featuring improved sensitivity and ergonomic design. These advancements cater to the growing demand for efficient underground utility detection worldwide.
• Radiodetection Ltd.: Radiodetection Ltd. launched a series of training programs for utility locator operators globally. This initiative aims to standardize best practices in utility locating, ensuring accurate and safe excavation practices.
• USIC: USIC expanded its service offerings in North America by integrating Geographic Information System (GIS) data with utility locating services. This integration enhances efficiency in utility management and excavation planning.
• Guideline Geo: Guideline Geo introduced a ground-penetrating radar (GPR) system for utility detection, offering high-resolution imaging capabilities for precise mapping of buried utilities. This innovation supports infrastructure development projects across Europe and North America.
• Subsite Electronics: Subsite Electronics launched a mobile app for utility locators, enabling real-time data sharing and remote operation of locator devices. This advancement enhances field productivity and data accuracy in utility mapping tasks.
Features of the Global Utility Locator Market
Market Size Estimates: Utility locator market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Utility locator market size by technique, offering, application, and region in terms of value ($B).
Regional Analysis: Utility locator market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different techniques, offering, applications, and regions for the utility locator market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the utility locator market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the utility locator market size?
Answer: The global utility locator market is expected to reach an estimated $1.2 billion by 2030.
Q2. What is the growth forecast for utility locator market?
Answer: The global utility locator market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the utility locator market?
Answer: The major drivers for this market are growing adoption of advanced utility mapping technologies, rising need to prevent utility damages during excavation, and increasing infrastructure development & maintenance activities.
Q4. What are the major segments for utility locator market?
Answer: The future of the utility locator market looks promising with opportunities in the telecommunication, water & sewage, electricity, oil & gas, and transportation markets.
Q5. Who are the key utility locator market companies?
Answer: Some of the key utility locator companies are as follows:
• Megger Group Limited
• USIC
• multiVIEW Locates
• Penhall Company
• SPX Technologies
• Emerson Electric
• Hexagon
Q6. Which utility locator market segment will be the largest in future?
Answer: Lucintel forecasts that electromagnetic field is expected to witness higher growth over the forecast period.
Q7. In utility locator market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the utility locator market by technique (electromagnetic field, ground penetrating radar, and others), offering (equipment and services), application (telecommunications, water & sewage, electricity, oil & gas, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Utility Locator Market Market, Utility Locator Market Market Size, Utility Locator Market Market Growth, Utility Locator Market Market Analysis, Utility Locator Market Market Report, Utility Locator Market Market Share, Utility Locator Market Market Trends, Utility Locator Market Market Forecast, Utility Locator Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.