Global Utility Locator Market is expected to grow a substantial CAGR of 6.3% in the forecast period 2019 to 2026. The years considered for study are as mentioned below.
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Global utility locator market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to growing demand of digitalized promotion in order to attract target customers in the attractive manner. In additionally; increasing adoption of utility locator across the worldwide is another factor fuelling the growth of the market in the coming future.
The market has witness developments in terms of merger and acquisitions, partnerships or product launches that expand the product portfolio for the customers which further meets the rising demand of innovative technology which further help the companies to sustain their position in the market.
From these we can conclude that these strategic decisions will help the market players to improve their revenue share for the global utility locator market.
Leica Geosystems AG is dominated player in the digital signage market. The other key players existing in the market includes 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.
Leica Geosystems AG:
Leica Geosystems AG headquartered in Heerburg Switzerland which was founded on 1921. Manufactures, and distributes products, systems, and software solutions that capture, measure, model, and visualize three-dimensional spatial information. The company Cable and Pipe Locator Range, Cable Avoidance Tools, Pipeline integrity and corrosion control, GPR, Pipeline Inspection, Metal and Magnetic Locators, Sondes, Accessories, TDR Time Domain Reflectometer / Cable Test.
- In August 2018, Leica Geosystems has announced that J. Murphy & Sons Limited company has adopted the new Leica DD SMART utility locator solution for use in infrastructure solutions. Murphy is an engineering group which is engaged in providing the solutions for pipelines, design, marine, structural steel, tunnelling, fabrication, bridges and piling to infrastructure projects. This would be beneficial for the company to get more customers for the related solutions from the other companies which are in the same or similar market for providing the engineering solutions.
The company has wide presences across the globe such as Europe, America, and Africa.
Radiodetection Ltd (SPX Corporation):
Radiodetection Ltd headquartered in Bristol, U.K which was founded on 1970. The products offered by the company are cable and pipe locator range, Cable and Pipe Locator Range, Cable Avoidance Tools, Pipeline integrity and corrosion control, GPR, Pipeline Inspection, Metal and Magnetic Locators, Sondes, Accessories, TDR Time Domain Reflectometer / Cable Test. All products designed and manufactured with the highest standards.
- In October 2018, Radiodetection company a part of SPX Corporation new range in precision locater announced that the RD5100 range Series will be used to detecting the buried pipes and cables for water and gas industries. The devices will provide the reliability, accuracy and repeatability to the technicians.
The company has strong distributions networks across the globe such as Europe, Americas and Asia-Pacific.
3M:
3M has headquartered in Minnesota, U.S. and was founded on 1902. The company performs its business through four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. The Safety & Industrial segment offers personal safety products, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The company serves automotive, commercial solutions, communications, design & construction, electronics, energy, government, healthcare, manufacturing, mining, oil & gas, safety, transportation.
- In April 2019, 3M has announced the opening of 3M Design Center in Shanghai, China which is company’s fifth design center. This design center will help the company to provide the solutions for customers in China and to build a powerful brand experiences as per the Chinese customers’ requirements and perspective.
The company has wide global presence across the globe such as North America, Europe, Asia- Pacific, Middle East and Africa, and Latin America.
