Global Underground Utility Locator Market Worth $11.21 Billion by 2025 | CAGR: 6.2%: Global Market Estimates

The global underground utility locator market is projected to grow on account of the implementation of stringent regulations that are intended to force contractors and excavators to use utility locating equipment before digging.

MUMBAI, India, Oct. 31, 2017 /PRNewswire-iReach/ -- According to a new market research report published by Global Market Estimates, the underground utility locators market is expected to grow at a CAGR of 6.2% during the forecast period, to reach USD 11.21 Billion by 2025. The demand for utility locators is projected to grow due to increasing spending on infrastructure development and residential & non-residential construction activities.

Oil & gas pipeline project undertaken in developing & developed countries are also projected to increase the use of utility locators. Technological advancements such as drone mapping allow companies to reduce time and cost in locating underground utilities. Drone mapping is a new concept devised by the technology team ReconnTECH of USIC.

Browse 91 Market Data Tables and 31 Figures spread through 133 Pages and in-depth TOC on "Underground Utility Locator Market - Forecast to 2025" https://www.globalmarketestimates.com/underground-utility-locator-market

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By Product (Electromagnetic Induction, Radio Detection, Acoustic Locating, Ground Penetrating Radar, Magnetic Locators, Wires & Markers, and Others); By Services (Vacuum Excavators, Specialty Services, Private Utility Locating, Leak Detection, and Others),

By Application (Telecommunication, Electricity, Water, Natural Gas, Sewage, Oil & Gas Pipelines, Transportation, and Others); By Region; End-use Landscape; Vendor Landscape and Competitor Analysis

Key Market Insights

  • Electromagnetic induction segment held the largest share and is projected to grow at the highest CAGR from 2017 to 2025
  • Electromagnetic induction is preferred for detecting metal pipes located underground. It is one of the most widely used technology in locating underground utilities. It is also called pipe & cable locator and is used to trace utility lines and metallic pipes
  • Radio detection and ground penetrating radar are two of the other most prominent technologies adopted by excavators & contractors in locating underground public utilities
  • Developing countries such as India, China, Russia, and Ukraine are expected to have some of the major natural gas pipeline networks
  • The demand for natural gas in industrial and domestic use is expected to increase excavation activities which are anticipated to demand utility locators
  • Underground Utility locator market in Asia Pacific is expected to grow at the highest CAGR between 2017 and 2025
  • The countries such as China and India are expected to invest significantly in roads, railways, and other infrastructure development activities
  • Public & private initiatives to develop industrial facilities and residential & commercial establishments are projected to foster market growth during the coming years
  • Major players in the utility locator market include USIC, Ditch Witch, Tracer Electronics, Subsite Electronics, The Utility Locators Inc., McLaughlin, Ridgid Professional Tools, 3M Company, and B&B Locating, Inc. among others

Browse the Report @: https://www.globalmarketestimates.com/underground-utility-locator-market

Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Electromagnetic Induction
  • Radio Detection
  • Acoustic Locating
  • Ground Penetrating Radar
  • Magnetic Locators
  • Wires & Markers
  • Others

Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Telecommunication
  • Electricity
  • Water
  • Natural Gas
  • Sewage
  • Oil & Gas Pipelines
  • Transportation
  • Others

Regional Outlook (Revenue, USD Million, 2015 - 2025)

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy

Asia Pacific

  • China
  • India
  • Japan
  • South Africa
  • Australia

Central & South America

  • Brazil
  • Argentina
  • Chile

Middle East & Africa

  • Saudi Arabia
  • South Africa
  • Egypt

 

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SOURCE Global Market Estimates



2017

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Gas, Oil & Energy, Economic News, Trends, Analysis



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