According to the latest market research report title “Utility Locato Market 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), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)–Forecast to 2023″, published by MarkNtel Advisors, The Global Utility Locator Market size was valued at USD 780 Million in 2022 and is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Utility Locator Market Possible Restraint
Shortage of Expertise and High Cost of Ownership – The prominent factor hindering the market growth is the shortage of expertise and the required skillset in operating and interpreting utility locator systems effectively. As these technologies become more sophisticated, users need to possess specialized knowledge and undergo adequate training to use them correctly and extract accurate information. The lack of skilled personnel may deter some organizations from fully embracing utility locator systems, thereby restricting the market’s overall growth potential. Besides, the high cost of ownership and maintenance associated with utility locator systems is expected to impede market growth during 2023-28.
Utility Locato Market Segmentation
The Utility Locato Market is highly robust and fragmented into numerous segments;
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
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Key Players Operating in the Utility Locato Market: –
Sensors & Software Inc.
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Leica Geosystems AG
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
3M
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
GSSI Geophysical Survey Systems
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the Utility Locato Market during the forecast period?
- Which segment is expected to lead the Utility Locato Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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