Identification and labeling of public utility mains located underground are performed by a utility locator. Public utility systems are often run underground; some by the very nature of their function, others for convenience or aesthetics. Before digging, local governments often require that the underground systems' locations be denoted and approved, if it is to be in the public right-of-way.
The "Global Utility Locator Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the utility locator market with detailed market segmentation by technique, offering, end-user, and geography. The report provides key statistics on the market status of the leading utility locator market players and offers key trends and opportunities in the market.
- Based on technique, the global utility locator market is segmented into electromagnetic field and ground penetrating radar (GPR).
- On the basis of offering, the market is segmented into equipment and services.
- Based on end-user, the market is segmented into transportation, water and sewage, telecommunications, electricity, and others.
- High demands for safer underground utilities and advancements in the utility location technologies are anticipated to drive the demands for utility locator market in recent years.
- Encouraging R&D investments for strengthening infrastructures are providing huge opportunities for the utility locator market players during the forecast period.
- High costs of ownership and its maintenance is expected to hinder the growth of utility locator market in recent times.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The utility locator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the utility locator market in these regions.
IMPACT OF COVID-19 ON UTILITY LOCATOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the utility locator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from utility locator market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the utility locator market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Guidline Geo
- Lecia Geosystem
- Maverick Inspection Ltd.
- On Target Utility Services
- Radiodetection Ltd.
- Ridge Tool Company
- Sensors & Software Inc.
- USIC LLC
- Vivax-Metrotech Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.