Utility Locator Market: An Overview
Utility location is the process of finding and marking public
utility mains that are underground. These may contain lines for electricity
distribution, telecommunication, natural gas, television cable, fiber optics, street
lights, traffic lights, storm drains, water mains, and wastewater pipes. In
some places, most important national defense communication lines, oil and gas
pipelines, mass transportation, road and rails channels also contend for space
underground.
This growth can be accredited to the concern for security and
protection of underground utilities, betterment of innovative utility locating
technologies over outmoded utility locating methods, and government
creativities toward the execution of utility locators. However, high possession
and maintenance costs limits the growth of the utility
locator market. The high cost of possession and maintenance of
equipment, continuous innovation affecting to utility locating devices, and
strict government policies to locate underground utilities before excavating
and construction activities contribute to the greater growth of this market.
Major Key
Players of the Utility Locator Market are:
Radiodetection (UK), Vivax-Metrotech (US), Guideline Geo (Sweden), Ridge
Tool Company (US), THE CHARLES MACHINE WORKS (US), Sensors & Software
(Canada), Leica Geosystem (Switzerland), and 3M (US). Major Service providers
in the utility locator market are USIC (US), multiVIEW (Canada), Ground
Penetrating Radar Systems (GPRS) (US), On Target Utility Services (US), and
Maverick Inspection (Canada) are some major players in the utility locator
market.
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The market is segmented on the basis of, technique, offering,
target, industry vertical, and geographical region. On the basis of technique,
the market is segmented into ground penetrating radar, electromagnetic field,
and others. The electromagnetic field technique accounted for the major share
of the utility locator market in 2017. The applicability of this technique to
locate metallic utilities, such as telephone lines, electric wires, and cables,
and the lower cost of the electromagnetic field technique related to the other
techniques can be endorsed to the largest share of this segment. On the basis
of offering, the global market is segmented into services and equipment. On basis of target market can be segmented
into metallic utilities and nonmetallic utilities. By industry vertical,
utility locator market can be segmented into oil & gas, transportation,
electricity, telecommunications, water and sewage, and others. The
telecommunications industry vertical accounted for the largest share of the
utility locator market in 2017. This can be indorsed to the high repair cost of
telephone lines, formation of 5G technology substructure, and adoption of
utility locators to avoid instabilities in the communication system.
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