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CAGRAsia-Pacific Utility Locator Market, By Technique (Electromagnetic Field, Ground Penetrating Radar and Others), Offering (Equipment and Services), Target (Metallic and Non-Metallic), End-User Industry (Telecommunication, Electricity, Water and Sewage, Oil and Gas, Transportation and Others), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Utility Locator Market
The utility locator market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the utility locator market to exhibit a CAGR of 5.10% for the forecast period of 2021-2028. The rising demand for cloud computing services by small and medium scale enterprises and growing focus on the technological advancements in predictive solutions and image recognition technology are the major factors attributable to the growth of utility locator market. Therefore, the market value, which was USD 1,483.20 million in 2020, would rocket up to USD 2,208.11 million by 2028.
From the name itself, it is clear that utility locator is the process of locating or finding the public utility mains in the underground and marking them. Utility locator process if used in identifying and labeling underground public utility mains using different colors.
Growing digitization of the economies especially the emerging ones such as India and China will emerge as the major factor driving market growth. Rising concerns for security and protection of underground utilities and growing government creativities toward the execution of utility locators will further aggravate the market growth rate. Rising research and development proficiencies and increase in real-time detection of leakages, inspections, and monitoring of underground utilities are other important market growth determinants.
However, high possession and maintenance costs of the equipment and dearth of trained expertise or skilled employees will act as major market growth restraints. The issues such as shortage of desired skillsets and strict government policies to locate underground utilities before excavating and construction activities will dampen the growth rate that further result as a challenge for the market.
This utility locator market report provides details of new recent developments, trade regulations, import export analysis, production However analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on utility locator market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Utility Locator Market Scope and Market Size
The utility locator market is segmented on the basis of techniques, offering, target, and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of technique, the utility locator market is segmented into ground penetrating radar (GPR), electromagnetic field and others.
- On the basis of offering, the utility locator market is segmented into equipment and services.
- On the basis of target, the utility locator market is segmented into metallic and non-metallic.
- On the basis of end-user industry, the utility locator market is segmented into telecommunication, electricity, water and sewage, oil and gas, transportation, and others.
Asia-Pacific Utility Locator Market Country Level Analysis
The utility locator market is analyzed and market size, volume information is provided by techniques, offering, target, and end-user industry as referenced above.
The countries covered in the utility locator market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific.
Emerging economies such as China and India in Asia-Pacific region dominate the market owing to the high public and private expenditure for the infrastructural development, rising number of buildings and construction activities and growing adoption of high speed internet such as 5G technology.
The country section of the utility locator market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Utility Locator Market Share Analysis
The utility locator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to utility locator market.
The major players covered in the utility locator market report are Radiodetection Ltd., Vivax-Metrotech Corp., Emerson Electric Co., Guideline Geo., The Charles Machine Works, Inc., Sensors & Software Inc.., Leica Geosystems AG, 3M, USIC., Multiview, Inc., ON TARGET UTILITY SERVICES, GSSI Geophysical Survey Systems, Inc., RHD Services, OneVision Utility Services., Sidewinder Utility Locators., Olameter among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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