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Utility Locator Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70557
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The utility locator market size has the potential to grow by USD 1.39 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.66%.

This utility locator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by Technology (electromagnetic field and GPR) and geography (North America, Europe, APAC, South America, and MEA). The utility locator market report also offers information on several market vendors, including 3M Co., Berntsen International Inc., Emerson Electric Co., Geophysical Survey Systems Inc., Global Instruments Co., Guideline Geo, Hexagon AB, Radiodetection Ltd., Sensors & Software Inc., and The Toro Co. among others.

What will the Utility Locator Market Size be in 2021?

Utility-Locator-Market-Market-Size-2020-2025

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Utility Locator Market: Key Drivers and Trends

The increased demand for modern advanced utility locators is notably driving the utility locator market growth, although factors such as highly complex and expensive retrofit operations may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the utility locator industry get your FREE report sample now.

  • The increased demand for modern advanced utility locators over conventional tools is one of the key factors expected to trigger the utility locator market’s growth in the forthcoming years.
  • Vendors in the market are offering a wide range of tools and devices for several operations including detection of leakage, inspections, and surveys, and monitoring of underground utilities.
  • Utility locator manufacturers are developing systems for locating telephone, gas power, and wastewater while allowing the programming of identified features into intelligent markers using RFID technology.
  • The gradual shift from conventional utility locators to technologically advanced utility locators will further accelerate the market’s growth during the forecast period.
  • The evolution in technology for enhancing underground utility locators is one of the key factors expected to gain traction in the market.
  • End-user industries are increasingly preferring technologically advanced utility locator solutions for the speedy resolution of errors in the event of faults in underground cables.
  • Using digital technologies such as RFID and GPS in utility locators will result in convenient communication and coordination between different operational points during the surveying and mapping process.
  • The deployment of digital technologies manufacturing these highly advanced utility locators is expected to increase the accuracy and precision of the survey and mapping process.

This utility locator market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Utility Locator Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Berntsen International Inc.
  • Emerson Electric Co.
  • Geophysical Survey Systems Inc.
  • Global Instruments Co.
  • Guideline Geo
  • Hexagon AB
  • Radiodetection Ltd.
  • Sensors & Software Inc.
  • The Toro Co.

 

The utility locator market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the utility locator market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Utility Locator Market?

Utility-Locator-Market-Market-Share-by-Region-2020-2025

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32% of the market’s growth will originate from APAC during the forecast period. China is the key market for the utility locator market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The expected surge in projects involving the oil and gas, chemicals, construction, electric power, and sewage treatment industries will facilitate the utility locator market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Technology Segments in the Utility Locator Market?

Utility-Locator-Market-Market-Share-by-Technology-2020-2025

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Factors such as high efficiency and low cost of electromagnetic field locators when compared to other technologies have increased their adoption in locating metallic utilities such as oil and gas pipelines, wastewater pipelines, and sewer lines. Demand for technologically advanced products by vendors is also boosting the market’s growth.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the utility locator market size.

 

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What are the Key Factors Covered in this Utility Locator Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive utility locator market growth during the next five years
  • Precise estimation of the utility locator market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the utility locator industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of utility locator market vendors

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Utility Locator Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 1.39 billion

Market structure

Concentrated

YoY growth (%)

4.46

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 32%

Key consumer countries

US, UK, China, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Berntsen International Inc., Emerson Electric Co., Geophysical Survey Systems Inc., Global Instruments Co., Guideline Geo, Hexagon AB, Radiodetection Ltd., Sensors & Software Inc., and The Toro Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Electromagnetic field - Market size and forecast 2020-2025
    • GPR - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 3M Co.
      • Berntsen International Inc.
      • Emerson Electric Co.
      • Geophysical Survey Systems Inc.
      • Global Instruments Co.
      • Guideline Geo
      • Hexagon AB
      • Radiodetection Ltd.
      • Sensors & Software Inc.
      • The Toro Co.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Utility Locator market growth will increase by $1399.34 million during 2020-2025.
      The utility locator market is expected to grow at a CAGR of 4.66% during 2020-2025.
      Technavio has segmented the utility locator market by technology (Electromagnetic field and GPR) and geographic (North America, Europe, APAC, South America, and MEA).
      3M Co., Berntsen International Inc., Emerson Electric Co., Geophysical Survey Systems Inc., Global Instruments Co., Guideline Geo, Hexagon AB, Radiodetection Ltd., Sensors & Software Inc., The Toro Co. are a few of the key vendors in the utility locator market.
      APAC will register the highest growth rate of 32.39% among the other regions. Therefore, the utility locator market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the utility locator market growth are:
      • Growing safety and security concerns regarding protection of underground utilities
      The utility locator market vendors should focus on grabbing business opportunities from the electromagnetic field segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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