Global Utility Locator Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis
The Global Utility Locator Market size is valued at around USD 841 Million in 2024 and is projected to reach around USD 1,219 Million by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.71% during the forecast period i.e., 2025-30.
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Global Utility Locator Industry Outlook (2025-2030)
The Global Utility Locator Market size is valued at around USD 841 Million in 2024 and is projected to reach around USD 1,219 Million by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.71% during the forecast period i.e., 2025-30.
The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. The stakeholders will gain in-depth knowledge about the market dynamics and competitive landscape from past, present, and future perspectives, enabling them to use this information to guide their use of money and resources.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Years: 2020-23
- Base year: 2024
- Forecast Years: 2025-30
- Risk & Swot Analysis
- Growth parameters influence Global Utility Locator market dynamics
- Regions Covered: North America, South America, Europe, The Middle East & Africa, Asia-Pacific
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The Global Utility Locator Market is further bifurcated into:
By Technique
-Electromagnetic Field
-Ground Penetrating Radar
-Others
By Offering
-Equipment
-Services
By Target
-Metallic
-Non-Metallic
By End User
-Telecommunication
-Electricity
-Water and Sewage
-Oil & Gas
-Transportation
-Others
Which prominent factor is expected to drive the Global Utility Locator Market during 2025-30?
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.
Global Utility Locator Market Profiles that Support the Exponential Growth
This specific section of the report comprises key market players that are currently actively putting strategic measures into place to strengthen and develop their positions in this competitive industry. The competition landscape in the industry has been in-depth analyzed in the market research report. Some of the key players in the market are the ones listed below:
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 and Others
Global Utility Locator Industry Recent Development:
- In January 2023, Leica Geosystems, unveiled its latest offering targeted at utility and excavation experts. The recently launched Leica DD175 utility locator and Leica DA175 signal transmitter are valuable additions to the already-established Leica DD100 series. These innovative tools are specifically designed to assist operators in efficiently detecting underground utilities, thereby enhancing safety measures for workers at construction sites and excavation projects.
- In February 2023, Emerson Electric Co. launched ovation green, a dedicated renewable power technology & software portfolio.
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Key Questions Answered in the Research Report
- What is the predicted Global Utility Locator market size and growth rate for the years 2025-30?
- What challenges are restricting the growth of the Global Utility Locator market?
- What are the key Drivers, Trends, and opportunities defining the Global Utility Locator market size?
- Which segment accounted for the largest market share in the Global Utility Locator market?
- Which prominent companies are leading growth in the Global Utility Locator market?
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