Service Category To Grow the Fastest in Utility Locator Market

Posted October 18, 2023 by Ananyjoshi

The utility locator market was USD 835 million in 2022, and it will grow at a rate of 5.9% in the years to come.

The utility locator market was USD 835 million in 2022, and it will grow at a rate of 5.9% in the years to come, to reach USD 1,315 million by 2030.

Governments in numerous countries are concerned with regards to the safety of utilities existing underground. The infra that exists beneath the ground, in the form of telephone lines, oil & gas pipelines, electricity cables, and water & sewer pipelines, is indispensable to cater to the requirements of people.

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This is set up under the ground to avert damage as a result of daily human activities or adverse weather and to guarantee the safety and suitability of the people exist or working near or in the same area.

In the years to come, the electromagnetic field technique will have the largest utility locator market share. Furthermore, it will grow at a rate of about 6%, credited to the capability of this method to provide info about a variety of utilities, such as gas pipes, electricity wires, and water & sewage pipes, which are a part of the general civil infra.

Using a combination of a transmitter and receiver for producing and analyzing the signal, for identifying the exact positions of the structures present below the ground, the electromagnetic field is mostly used for recognizing metallic utility structures.

The services category will grow at the higher rate, of about 6.1%, in the years to come, as stated by P&S Intelligence. Training, repair & maintenance, inspection, and calibration services are needed regularly for the equipment put to use in the utility locating process.

Training is one of the most-vital services as it allows the operator to make use of the equipment with precision, while preserving complete safety on the site. Furthermore, with the regular use of the equipment, maintenance and repairs are needed.

The metallic utilities category comprises conduits and metal pipes, whereas the non-metallic category comprises plastic, concrete, and other materials. Metallic utilities will hold a substantial market share in the years to come because of the wide use of electromagnetic field solutions for the tracking and identification of these kinds of structures.

The telecom vertical will grow at a rate of over 6.4% in the years to come, and it will have the largest share. Telecom infra is important to meet the communication requirements that exist worldwide. The placement of sophisticated technologies and systems to provide coverage to rural areas, particularly in emerging countries, has become significant. Moreover, the present ones in towns and cities require maintenance without any disturbance in communication.

North American utility locator market was the leader in the past, and it will grow at a rate of over 6% in the years to come. The growth has a lot to do with the increasing requirement for the boosted inspection of sites before digging or excavation, new building construction, and maintenance of the current infra in Canada and the U.S.

Due to the increasing requirement of protecting existing utilities, the demand for utility locator will continue to grow in the years to come.
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Issued By Anany Joshi
Country India
Categories Business , Free , Industry
Tags utility locator market , utility locator market size , utility locator market share , utility locator market demand , utility locator market growth , utility locator market analysis , utility locator market forecast
Last Updated October 18, 2023