Utility Locator Market Expected to reach ,109 million by 2027
Posted by edwardzmusso on September 15th, 2023
The utility locator market is projected to grow from USD 833 million in 2022 to USD 1,109 million in 2027; it is expected to grow at a CAGR of 5.9% from 2022 to 2027. The growth of the market attributed to the concern for safety and protection of the underground utilities and benefits of utility locator over traditional technologies/ methods.
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Ground penetrating radar (GPR) technique to grow at a highest CAGR between 2022 and 2027.
Using GPR utility locator one can locate metallic as well as non-metallic underground objects and utilities. GPR technique can locate subsurface structure in material like soil, rock, concrete, asphalt, wood and water. locate objects and subsurface structures in material like soil, rock, concrete, asphalt, wood and water. The GPR technique is used to locate buried pipes, tanks, manholes, cables, and other related buried objects. The GPR utility locator is expected to grow at highest CAGR during the forecast period.
Utility locator equipment offering is to register for largest share of utility locator market throughout the forecast period.
The utility locating equipment comprises various components such as transmitters, receivers, and other accessories. The utility locating devices work on the principle of generating and transmitting the signal onto the utility buried under the earth with the help of a transmitter. The transmission signal can vary based on utility locating techniques such as electromagnetic field and GPR. Advancement in utility locating equipment to locate underground utilities leading to rise in demand globally.
Water and sewage vertical to offer lucrative opportunities for utility locator.
The growth of this segment can be attributed to the concern for safety and protection of the underground utilities. Digging without locating the underground high-pressure water mains and sewage lines may lead to injury as the jet of water from mains may include stones or other hard objects ejected from the pipe. Utility locating and mapping devices help in identifying water and sewer utility networks for meeting water pressure requirements or reducing water-in-basement issues. And the ground penetration radar technic of utility locator can be used even on ice to help in locating the water and sewage pipeline, buried objects, thickness of the ice, glaciology
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North America to lead utility locator market in 2027.
North America’s dominance can be attributed to the inclination of various governments to adopt advanced technologies such as utility locator using GPR or electromagnetic field technique in various vertical to locate objects, pipes etc. The market in North America is also driven by market leaders headquartered in the region.
Rigid tool company (US), Ditch Witch (The Charles Machine works) (US), Leica Geosystems AG (US), Vivax-Metrotech Corporation (US), 3M (US), USIC LLC (US), MultiVIEW Locates Inc. (Canada), and Ground penetrating radar (US) are the company based in the region.
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Joined: February 8th, 2021
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