Market Segmentation:
By Product (Electromagnetic Induction, Radio Detection, Acoustic Locating, Ground Penetrating Radar, Magnetic locators, Wires & Markers, and Others); By Services (Vacuum Evacuation, 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 (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); End-use Landscape; Vendor Landscape and Competitor Analysis
The underground utility locator market is anticipated to witness a lucrative growth over the forecast period. It is further anticipated to witness a healthy CAGR due to its simple placing mechanism, reliability, better insights and easy deployment techniques.
Utility locators follow electric currents that pass through lines below the surface. Each line transmits a different signal. The locators are designed accordingly to receive that signal which further helps in identifying the exact location of an underground utility. Magnetic utility locators are anticipated to gain a lot of traction in the global underground utility locator market as it saves time and helps in achieving more accurate results.
These locators have a wide application in various sectors such as Telecommunication, Electricity, Water, Natural Gas, Sewage, Oil & Gas Pipelines, and Transportation. Their effectiveness and accuracy are the best attributes that contribute to the growth of the global underground utility locator market.
The high cost associated with these utility locators equipment is anticipated to hamper the growth of the market.
Product Insights:
Based on the products, the underground utility locator market is segmented into Electromagnetic Induction, Radio Detection, Acoustic Locating, Ground Penetrating Radar, Magnetic locators, Wires & Markers, and Others.
Acoustic pipe locators market is likely to register a significant growth over the forecast period due to its ability to accurately locate unmarked, underground piping systems. These locators require a transmitter that is attached to one exposed end of the pipe, and function according to the vibrations produced in the pipeline.
Factors such as the distance between pipe detectors and location of the transmitter along with inappropriate soil type reduce the quality of the sound waiting to be detected. These factors are likely to limit the growth of this segment over the coming years.
Ground Penetrating Radar segment is also projected to witness a steady growth rate over the forecast period as it minimizes the chances of damaging other utilities. The initial high costs of these locators are anticipated to restrain the growth of this segment.
On the basis of services, the underground utility locator market is divided into Vacuum Evacuation, Specialty Services, Private Utility Locating, Leak Detection, and Others. Leak detectors segment is projected to gain a significant market share over the forecast period attributing to its wide application across industries. The leak is detected where the sound emitted from the transmitter is higher. The Higher cost of these detectors coupled with the outside externalities is anticipated to limit the growth of this segment. The private utility locating segment is also likely to grow due to the advancements in technology.
Application Insights:
By application, the underground utility locator market is segmented into Telecommunication, Electricity, Water, Natural Gas, Sewage, Oil & Gas Pipelines, Transportation, and Others. Telecommunication application segment is anticipated to experience a rapid growth over the forecast period. This growth is primarily attributed to the advent of GRRS. It uses non-destructive testing equipment to track piping, power-lines, underground storage tanks, and grave sites that are barely seen.
Regional Insights:
The markets in North America and Asia Pacific are anticipated to witness an accelerated growth over the forecast period attributing to the increasing number of industries in this region. Europe is also expected to register a significant growth rate owing to its advanced technologies combined with good surveying practices and favorable government regulations.
End-Use Landscape:
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global underground utility locator. The major consumers of the product are Verizon Communications Inc., and AT&T Inc among others.
Competitive Scenario:
Major players profiled in the underground utility locator market include USIC, Ditch Witch, Tracer Electronics, Subsite Electronics, The Utility Locators Inc., and McLaughlin among others.
In July 2016, Vivax-Metrotech introduced THE NEW VM-510FFL cable & fault find locator system which provides power lineman with an all-in-one cable & fault-find locator system.
No comments:
Post a Comment