Global Utility Locator Market is expected to grow substantial CAGR of 6.3% in the forecast period of 2019 to 2026.
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Drivers: Global Utility Locator Market
- Rising concern regarding safety and protection of underground utilities
- Advancements in utility location technologies
- Increase in gas pipeline laying projects
Restraint:
- High maintenance costs for utility locator
Opportunities:
- Increasing R&D investments demand for strengthening the infrastructure
- Rising demand for real-time utility locating services
Challenge:
Difficulty faced in utility locating during the winter/rainy seasons
Market Trends:
Global utility locator market is segmented into four notable segments technique, offering, target, end user.
- On the basis of technique, the market is segmented into ground penetrating radar (GPR), electromagnetic field, others
- On the basis of offering, the market is segmented into equipment and services
- On the basis of target, the market is segmented into metallic and non-metallic
- On the basis of end-user industry, the market is segmented into telecommunication, electricity, water and sewage, oil and gas, transportation, and others. The telecommunication is expected to lead the global utility locator market.
Major Players: Global Utility Locator Market
Some of the major players operating in this market are Radiodetection Ltd., Vivax-Metrotech Corp., Guideline Geo., EMERSON ELECTRIC CO., The Charles Machine Works, Inc., Sensors & Software Inc., Leica Geosystems AG, 3M, USIC, multiVIEW., ON TARGET UTILITY SERVICES, GSSI Geophysical Survey Systems, Inc., Vivax-Metrotech Corp., RHD Services, Inc., OneVision Utility Services., Sidewinder Utility Locators., US Radar, and Olameter among others.
