Utility locators are instruments utilized to detect and designate underground utilities, which may include electric cables, fiber optics distribution, water and gas pipelines, telecommunication lines, and gas pipelines, among others. They are also employed to assess the extent of deterioration in structures like bridge decks and parking decks.
Market Insights & Analysis: Global Utility Locator Market (2023-28)
The Global Utility Locator Market size was valued at USD 780 Million in 2022 and is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28. The market is experiencing significant growth due to advanced real-time leak detection technologies that have enabled utility companies to quickly identify & address leaks in water, gas, and sewer pipelines, thereby reducing wastage while minimizing potential environmental hazards. The favorable industry standards & regulations pertaining to utility locators is also anticipated to support the industry's growth by ensuring the technology is reliable, accurate, & safe. And, with relaxed regulations, companies & professionals find it easier to embrace & use these cutting-edge systems in the market.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Regions Covered||North America: US, Canada, Mexico|
|Europe: Germany, The UK, France, Spain, Italy, Rest of Europe|
|Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific|
|South America: Brazil, Argentina, Rest of South America|
|Middle East & Africa: UAE, Saudi Arabia, Qatar, Egypt, South Africa, Rest of the Middle East & Africa|
|Key Companies Profiled||Radiodetection Ltd., Vivax-Metrotech Corp., Guideline Geo., Emerson Electric Co., The Charles Machine Works, Sensors & Software Inc., Leica Geosystems AG, 3M, and GSSI Geophysical Survey Systems.|
|Market Value (2022)||USD 780 Million|
Moreover, utility locator systems provide more accurate & efficient results, enabling users to precisely locate underground utilities, concrete structures, roads, railway lines, and other essential infrastructures in real time. This capability is crucial for various industries, such as construction, utilities, & infrastructure management, creating ample growth opportunities for the utility locator market during 2023-28.
However, these advanced technologies require a substantial initial investment, followed by regular maintenance & system upgrade expenses. Therefore, some potential users often hesitate to adopt the technology due to financial constraints and perceived high implementation costs. As a result, the high cost of ownership & maintenance associated with utility locator systems is a notable factor projected to hamper the growth of the utility locator market during 2023-28.
Global Utility Locator Market Driver
The Increasing Adoption of AI, ML, & GIS for Real-Time Analysis of Underground Utilities - As urbanization & infrastructure development increase, efficiently managing & maintaining underground assets becomes paramount. Adopting advanced technologies, such as artificial intelligence, machine learning, & data analytics, further amplifies the capabilities of utility locators. These cutting-edge innovations enable utility owners to gain valuable insights into the condition & performance of their underground infrastructure in order to identify potential issues & weaknesses before they escalate.
Moreover, integrating GIS technology & GPS software enhance the visualization & management of underground networks, streamlining operations and optimizing resource allocation. With a growing emphasis on sustainability & efficiency, the utility locator market is witnessing a transformative shift toward more sophisticated & intelligent solutions ensuring vital underground utilities' seamless functioning. For example:
Global Utility Locator Market Possible Restraint
Shortage of Expertise and High Cost of Ownership - The prominent factor hindering the market growth is the shortage of expertise and the required skillset in operating and interpreting utility locator systems effectively. As these technologies become more sophisticated, users need to possess specialized knowledge and undergo adequate training to use them correctly and extract accurate information. The lack of skilled personnel may deter some organizations from fully embracing utility locator systems, thereby restricting the market's overall growth potential. Besides, the high cost of ownership and maintenance associated with utility locator systems is expected to impede market growth during 2023-28.
Global Utility Locator Market (2023-28): Segmentation Analysis
The Global Utility Locator Market study from MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified:
Based on Technique:
In 2022, the Electromagnetic field technique dominated the Global Utility Generator with the highest revenue shares. It is primarily due to their cost-effectiveness and exceptional capability to locate metallic utilities, attracting numerous businesses seeking efficient utility location solutions.
The exponential growth of this technique in the market can also be further attributed to its expanding array of applications, which have revolutionized various industries. Non-destructive locating, an essential aspect of modern utility management, has been made possible through the versatility of electromagnetic field techniques. Additionally, these techniques excel in accurately measuring utility line depths, monitoring excavation progress, identifying utility access points, and tracing target lines with exceptional precision.
The portability and flexibility of electromagnetic field devices have enabled field professionals to carry out their tasks with ease and efficiency. As a result, industries ranging from construction and civil engineering to telecommunications and environmental services are likely to leverage this technology, making it thrive in the Global Utility Locator Industry during 2023-28.
Based on End User:
The Utility Locator Market in the Telecommunication sector is poised to dominate the market share and witness substantial growth during 2023-28 due to its wide-ranging applications and essential role in supporting critical telecommunication services. Telecommunication lines often consist of paired, insulated copper conductors, commonly referred to as TIP (A) and RING (B). The utility locators are crucial in ensuring uninterrupted operations of these vital communication cables, thereby supporting seamless connectivity and reliable services.
The ongoing advancements in technology, especially the proliferation of 5G technology, are anticipated to drive the demand for utility locators in the telecommunications sector. As the telecommunications industry continues to evolve, utility locators are likely to gain traction in maintaining and expanding the infrastructure, allowing telecom companies to meet the growing connectivity demands and stay competitive in the market.
Global Utility Locator Market (2023-28) Regional Projection:
Geographically, the Global Utility Locator Market expands across:
Of all regions globally, the North America Utility Locator Market is poised to exhibit significant growth during 2023-28. The region's supremacy is attributed to the elevating demand for improved surveillance, coupled with increasing construction activities in the US & Canada. Further, the significantly expanding telecommunication sector in the US, driven by the rollout of 5G technology, is another prominent aspect anticipated to positively impact the regional market growth. According to GSMA, 5G will become as the predominant mobile network technology in the US by 2025, encompassing over 190 million mobile connections, around half of the total mobile connections in the country, creating new directions for the leading players operating in the utility locator market in North America.
Global Utility Locator Industry Recent Developments:
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Frequently Asked Questions
A. The Utility Locator Market is projected to grow at a CAGR of around 6.5% during 2023-28.
A. The Utility Locator Market size was valued at USD 780 Million in 2022.
A. The increasing adoption of technologies like AI, ML, & GIS for real-time analysis of underground utilities is the prime aspect projected to Utility Locator Market through 2028.
A. During 2023-28, the Utility Locator Market share is projected to be held majorly by the transportation sector.
A. The Utility Locator Market leaders include Radiodetection Ltd., Vivax-Metrotech Corp., Guideline Geo., Emerson Electric Co., The Charles Machine Works, Sensors & Software Inc., Leica Geosystems AG, 3M, and GSSI Geophysical Survey Systems.
A. Globally, North America would provide lucrative prospects for the Utility Locator Market in the years ahead.
A. Lack of expertise and high ownership costs are the possible growth restraints for the utility locator market through 2028.
Global Utility Locator Market Research Report (2023-2028) - Table of Contents