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The utility locator market size is forecast to increase by USD 1.93 billion at a CAGR of 5.48% between 2023 and 2028.
The utility locator industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The electromagnetic field segment is estimated to witness significant growth during the forecast period.
Utility locating technologies, driven by advanced electromagnetic field locators, have gained significant traction in the industry due to their high efficiency and cost-effectiveness compared to conventional methods. These solutions are primarily used for detecting, mapping, and surveying metallic utilities such as piped natural gas lines, water pipes, and telecommunications cables. The market's growth is further fueled by the increasing demand for technologically advanced products from key participants. For instance, 3M DigiFinder DF-1500, an electromagnetic locator, offers real-time detection and high accuracy, making it a preferred choice for excavation projects. Digital technologies, including GPS-enabled verifiers and geophysical technologies like ground-penetrating radar (GPR), are also gaining popularity in utility locating.
GPR, in particular, is increasingly being used for subsurface site characterizations and leak detection in subterranean facilities, including gas lines and water pipes. Additionally, the adoption of 5G technology in utility locating is expected to revolutionize the industry by enabling faster and more precise locating. Safety and protection are paramount in utility infrastructure, and utility locating solutions play a crucial role in ensuring excavation safety. Stringent regulations mandate the use of comprehensive referral services and electromagnetic locators to prevent damage to underground utilities during digging practices. The market's growth is further driven by the increasing importance of preserving food security, transportation infrastructure, and water resources by preventing damage to subsurface utility infrastructure.
Non-metallic utilities, such as high-speed rail projects and electricity lines, also require specialized utility locating solutions. Innovative solutions, such as those based on digital technologies, are increasingly being adopted to meet the unique challenges posed by these utilities. For example, electromagnetic field locators are used to detect non-metallic utilities by measuring the electromagnetic fields generated by the current flowing through them. In , the utility locating market is witnessing significant growth due to the increasing importance of safety, the adoption of technologically advanced tools, and the need to preserve critical infrastructure. The market's growth is further fueled by the increasing demand for real-time detection and the integration of digital technologies, such as GPS and GPR, in utility locating solutions.
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The Electromagnetic field segment was valued at USD 3.34 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is fueled by the widespread adoption of advanced technologies in industries such as construction, telecommunications, oil and gas, and electric power. With over 20 million miles of underground utilities in the US alone, the need for effective utility locating solutions is paramount. The region's market growth is further supported by stringent regulations and the availability of referral services. Advanced utility locators, including GPS-enabled Verifiers and electromagnetic locators, play a crucial role in ensuring excavation safety and protection of non-metallic utilities like water pipes and subsurface gas pipelines. Digital technologies, such as geophysical technologies like Ground-penetrating radar (GPR), are increasingly being used for subsurface site characterizations and real-time detection of leakages in piped natural gas and oil and gas infrastructure.
The market is also influenced by the evolution of technology, with the integration of 5G technology in utility locating technologies, and the use of high-speed rail projects to drive innovation in the industry. The market's profitability is further boosted by the growing importance of safety and protection, food security, and infrastructure development. Key participants in the market include leading companies offering equipment and services for comprehensive utility locating solutions.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The utility locator market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the utility locator market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, utility locator market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3M Co. - The company provides a range of Geographic Information System (GIS) tracking utility locators, referred to as Dynatel locators, enhancing efficiency and accuracy in identifying and marking underground utility lines for construction projects. These advanced locators leverage cutting-edge technology to deliver precise results, ensuring minimal disruption and maximum safety. By integrating GIS data with real-time location information, Dynatel locators streamline the utility identification process, ultimately saving time and resources for businesses and organizations.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a diverse range of technologies and solutions designed to facilitate the identification and location of underground utilities and infrastructure. This essential industry plays a critical role in various sectors, including piped natural gas, non-metallic utilities, high-speed rail projects, telecommunications, and transportation. Key participants in this market continually strive to innovate and offer technologically advanced tools to meet the evolving demands of the industry. Advanced utility locators, such as GPS-enabled verifiers and geophysical technologies like ground-penetrating radar (GPR), have become increasingly popular due to their ability to provide real-time detection and enhanced accuracy. Safety and protection are paramount in the utility locating industry, with stringent regulations governing excavation practices and subsurface site characterizations.
Conventional tools like electromagnetic locators have long been the industry standard, but their limitations have led to the emergence of more sophisticated solutions. Digital technologies, such as 5G technology, are revolutionizing utility locating technologies by enabling faster data transfer and more precise location information. This development is particularly beneficial for large-scale construction projects and infrastructure development. The utility locating market is driven by several factors, including the growing importance of safety and protection, aging infrastructure, and the increasing demand for food security and water resources. Subterranean facilities, including gas lines, water pipes, electricity, telephone lines, and oil and gas pipelines, are essential for modern society, making accurate and efficient utility locating solutions indispensable.
In the telecommunications sector, the need for reliable and efficient utility locating technologies is paramount, as network downtime can result in significant financial losses and customer dissatisfaction. Utility locating technologies are also crucial in the transportation sector, where the presence of underground utilities can impact the planning and execution of infrastructure projects, such as high-speed rail projects. The market for utility locating solutions is competitive, with leading companies offering a range of equipment and services to cater to various customer needs. Referral services and promotions are common strategies employed by key participants to expand their customer base and maintain market share.
Despite the advancements in utility locating technologies, challenges persist. Leakages in gas lines and water pipes, for instance, can result in significant environmental and financial consequences. Innovative solutions, such as advanced leak detection systems, are being developed to address these challenges and improve overall efficiency and accuracy in the industry. In , the market is a dynamic and essential industry that plays a crucial role in various sectors, including piped natural gas, non-metallic utilities, high-speed rail projects, telecommunications, and transportation. With a focus on safety, protection, and efficiency, key participants continue to innovate and offer technologically advanced solutions to meet the evolving demands of the industry.
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.48% |
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Market growth 2024-2028 |
USD 1929.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.89 |
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Key countries |
US, Germany, Canada, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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