Global utility locator market size is estimated to grow by USD 1,624.1 million from 2022 to 2027
APAC held will account for 32% of the market's growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report
The electromagnetic field segment will account for a significant share of the market's growth during the forecast period. Utility locators are made with electromagnetic field technology, which uses electromagnetic waves to profile the resistivity and conductivity of the ground and provide images based on the values obtained. Electromagnetic field utility locators are used for detecting, mapping, and surveying metallic pipes or cables. Factors such as high efficiency and low cost have increased their adoption in locating metallic utilities such as oil and gas pipelines, wastewater pipelines, and sewer lines. The demand for technologically advanced products by vendors is also boosting the market growth.
Geography overview
Based on geography, the global utility locator market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global utility locator market.
APAC is estimated to account for 32% of the growth of the global market during the forecast period. North America also provides significant growth opportunities for vendors. This market is driven by the US and Canada, which are the early adopters of advanced technologies. The US is one of the largest manufacturers and consumers of utility locators. The growth of the regional market is attributed to factors such as the growth of industries such as construction, telecommunication, oil and gas, and electric power.
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