LAMEA Utility Locator Market By Offering (Equipment, Services), Technique (Electromagnetic Field, Ground Penetrating Radar), Target (Non-Metallic Deployment, Metallic Deployment), Vertical (Telecommunications, Oil & Gas, Water & Sewage, Electricity, Transportation)
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The Latin America, Middle East and Africa Utility Locator Market size is expected to grow at a market growth of 6.8% CAGR during the forecast period. Cost associated with the ownership and maintenance of equipment, constant innovation in the utility locating devices, and stringent government policies that are required before undertaking digging and construction activities contribute to the higher growth of services segment. Concern for safety and security of underground utilities, better and advanced utility locating technologies over traditional utility locating methods, and government initiatives to implementation of utility locators are the factors that drive the growth of the utility locator market.
Based on Offering, the market is segmented into Equipment and Services. Based on Technique, the market is segmented into Electromagnetic Field, Ground Penetrating Radar, and Others. Based on Target, the market is segmented into Non-Metallic and Metallic. Based on Vertical, the market is segmented into Telecommunications, Oil & Gas, Water & Sewage, Electricity, Transportation, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA. The market research report covers the analysis of key stake holders of the Latin America, Middle East and Africa Utility Locator Market.
Key companies profiled in the report include SPX Corporation (Radiodetection), Emerson Electric Co. (Ridge Tool Company), Hexagon AB (Leica Geosystems Holdings AG), 3M Company, SebaKMT Holding GmbH (Vivax-Metrotech), Guideline Geo, The Charles Machine Works, Inc., Sensors & Software, Inc., USIC and multiVIEW Locates Inc.