Utility Locator Market

Global Utility Locator Market Size, Share & Trends Analysis Report By Technique (Electromagnetic Field, Ground Penetrating Radar, and Others), By Offering, By Application, By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-20891 Publication Date: March-2024 Number of Pages: 204
2022
USD 828.7 Million
2030
USD 1.2 Billion
CAGR
5.2%
Historical Data
2019 to 2021

Market Report Description

The Global Utility Locator Market size is expected to reach $1.2 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.

Utility locators support the planning and development of oil & gas infrastructure by providing valuable information about the location and condition of subsurface utilities. Consequently, the oil & gas segment would generate an approximately 20.56 % share of the market by 2030. This data is crucial for making informed decisions on infrastructure expansions, upgrades, and maintenance projects. Integrating geospatial data systems enhances the utility locators' capabilities within the oil & gas segment.

Utility Locator Market Size - Global Opportunities and Trends Analysis Report 2019-2030

Smart city initiatives require efficient and sustainable infrastructure development. Utility locators ensure the efficient development of infrastructure by preventing accidental damage to utilities, reducing disruptions, and optimizing construction timelines. Thus, because of the deployment of smart city technologies, the market is anticipated to increase significantly.

Additionally, Insurance coverage is often linked to implementing risk management practices, including utility locators. Utility locators contribute to risk reduction, minimizing the financial impact of utility damage by preventing disruptions, repairs, and potential legal liabilities. Hence, increasing insurance and liability considerations has been a pivotal factor in driving the growth of the market.

However, SMEs may find it financially challenging to invest in high-cost utility locators. The budget constraints of smaller businesses, such as local contractors or service providers, may limit their ability to acquire advanced utility locators, hindering market growth in this segment. Thus, high initial costs of utility locator can slow down the growth of the market.

Driving and Restraining Factors
Utility Locator Market
  • Deployment Of Smart City Technologies
  • Increasing Insurance And Liability Considerations
  • Rising Urbanization And Population Growth
  • High Initial Costs Of Utility Locator
  • Significant Data Security Concerns
  • Training And Skill Development Programs
  • Growing Awareness Of Environmental Sustainability
  • Regulatory Compliance And Standards
  • Rising Global Economic Uncertainties

By Technique Analysis

Based on technique, the market is classified into electromagnetic field, ground penetrating radar, and others. In 2022, the electromagnetic field segment witnessed the 47.48 % revenue share in the market. Electromagnetic locators are versatile and can detect various utilities, including electric cables, water pipes, gas lines, and communication cables. Portability allows field technicians to manoeuvre the equipment easily in various terrains and access hard-to-reach areas. This mobility is especially valuable in construction projects with diverse site conditions.

By Offering Analysis

By offering, the market is categorized into equipment and services. The services segment covered a 23.8 % revenue share in the market in 2022. Utility locator services bring specialized knowledge and expertise in underground utility detection and mapping. Professional utility locator services often employ advanced technologies and experienced personnel, speeding up the utility detection process. This efficiency is particularly beneficial for construction projects and infrastructure development, where timely information is essential.

Utility Locator Market Share and Industry Analysis Report 2022

By Application Analysis

By application, the market is segmented into telecommunications, oil & gas, water & sewage, electricity, transportation, and others. In 2022, the telecommunications segment registered the 36.10 % revenue share in the market. The widespread deployment of fiber optic networks for high-speed communication has become a major trend in the telecommunications segment. Utility locators are crucial in identifying and mapping underground utilities, ensuring that the installation process is carried out safely and efficiently without causing damage to existing infrastructure.

Free Valuable Insights: Global Utility Locator Market size to reach USD 1.2 billion by 2030

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired a 28.28 % revenue share in the market. The expansion of telecommunications networks, including the rollout of 5G technology, is a significant driver of utility locator advancements in the Asia Pacific. The availability of training and skill development programs for operators of utility locators contributes to their effective use in the Asia Pacific region.

Utility Locator Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 828.7 Million
Market size forecast in 2030 USD 1.2 Billion
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2030
Revenue Growth Rate CAGR of 5.2% from 2023 to 2030
Number of Pages 204
Number of Tables 368
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Offering, Technique, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Megger Group Limited, USIC, LLC, multiVIEW Locates Inc., Penhall Company, SPX Technologies, Inc., Emerson Electric Co., Hexagon AB, 3M Company
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Recent Strategies Deployed in the Market

  • 2023-Sep: Sonoco Products Company took over RTS Packaging, a US-based packaging and container manufacturing company. Through this acquisition, Sonoco Products Company would reinforce and broaden its portfolio of 100% recycled fiber-based packaging solutions, catering to the increasing demands of consumer markets such as wine, spirits, food, beauty, and healthcare.
  • 2023-Sep: Sealed Air came into partnership with Sparck Technologies, a packaging and container manufacturing company in the Netherlands. Through this partnership, Sealed Air would transform the approach to packaging operations for businesses in the Asia Pacific region.
  • 2023-Aug: Amcor Plc took over Phoenix Flexibles, an Indian packaging and container manufacturing company. Through this acquisition, Amcor Plc would promptly enhance its capacity to meet ongoing high demand. Additionally, Amcor would utilize advanced film technology, which enables the local production of a wider array of sustainable packaging solutions. These capabilities empower Amcor to diversify its product offerings into high-value segments that are particularly appealing.
  • 2022-Feb: Mondi Plc came into partnership with Henkel, a German multinational chemical and consumer goods company. Through this partnership, Mondi Plc would unveil a refill pouch for Pril that is entirely recyclable and made from a single material.
  • 2021-Dec: Huhtamaki Oyj came into partnership with SABIC, a Saudi chemical manufacturing company, and Mars Petcare, a US-based manufacturing company. Through this partnership, Huhtamaki Oyj would adopt certified circular polypropylene for the Sheba® brand signifies a shift towards sustainable packaging for wet pet food.
  • 2021-Oct: Mondi Plc introduced the recyclable "RetortPouch". The innovative high-barrier pouch would substitute intricate multi-layer and non-recyclable packaging for various food and wet pet food items.
  • 2021-Oct: Coveris Management GmbH introduced the "MonoflexBE stand-up pouch". Pouches are currently offered for Tesco BBQ Chicken Breast Pieces, with a focus on serving various needs for recyclable, lightweight stand-up pouches possessing high barrier properties. The scope extends beyond chicken to include applications such as meat, fish, poultry, and dairy within the culinary convenience sector.

List of Key Companies Profiled

  • Megger Group Limited
  • USIC, LLC
  • multiVIEW Locates Inc.
  • Penhall Company
  • SPX Technologies, Inc.
  • Emerson Electric Co.
  • Hexagon AB
  • 3M Company

Utility Locator Market Report Segmentation

By Technique

  • Electromagnetic Field
  • Ground Penetrating Radar
  • Others

By Offering

  • Equipment
  • Services

By Application

  • Telecommunications
  • Water & Sewage
  • Electricity
  • Oil & Gas
  • Transportation
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $1.2 billion by 2030.

Deployment Of Smart City Technologies are driving the Market in coming years, however, High Initial Costs Of Utility Locator restraints the growth of the Market.

Megger Group Limited, USIC, LLC, multiVIEW Locates Inc., Penhall Company, SPX Technologies, Inc., Emerson Electric Co., Hexagon AB, 3M Company

The expected CAGR of this Market is 5.2% from 2023 to 2030.

The Equipment segment is leading the Market, By Offering in 2022 there by, achieving a market value of $829.4 million by 2030.

The North America region dominated the Market, By Region in 2022 there by, achieving a market value of $413.2 million by 2030, growing at a CAGR of 4.4 % during the forecast period.

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