LAMEA Utility Locator Market

LAMEA Utility Locator Market Size, Share & Trends Analysis Report By Technique (Electromagnetic Field, Ground Penetrating Radar, and Others), By Offering, By Application, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-20894 Publication Date: March-2024 Number of Pages: 95
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Market Report Description

The Latin America, Middle East and Africa Utility Locator Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).

Utility locators are increasingly integrating advanced technologies, such as artificial intelligence (AI) and machine learning (ML), to enhance the accuracy and efficiency of underground utility detection. These technologies analyze data patterns, improving the reliability of identification processes and reducing false positives. AI and ML applications in utility locators contribute to more precise mapping and faster data interpretation. Cloud-based solutions are gaining traction in the utility locator market. Cloud platforms offer a centralized and accessible repository for storing and managing utility data. This trend facilitates stakeholder collaboration, allowing real-time information access and promoting efficient data sharing. Cloud-based solutions enhance data security, streamline workflow processes, and support remote access to utility information.

Utility locators increasingly incorporate multiple sensing technologies for a more comprehensive subsurface analysis. Combining ground-penetrating radar (GPR), electromagnetic sensors, and acoustic technologies improves accuracy in different soil and environmental conditions. Multi-sensor integration gives users a more detailed understanding of underground utilities, enhancing overall mapping capabilities. Integrating mobile technologies and the Internet of Things (IoT) is becoming a notable trend in utility locators. Mobile applications and IoT devices enable field technicians to access and update real-time utility information. This trend enhances on-site decision-making, improves communication between field teams and central offices, and improves operational efficiency.

As per the International Trade Administration (ITA), the United Arab Emirates is among the world's top ten oil producers in 2022. Approximately 96% of the nation's estimated 100 billion barrels of known oil reserves are in Abu Dhabi, ranked sixth globally. On average, 3.2 million barrels of liquid and petroleum products are produced daily in the UAE. The UAE's oil and gas industry relies on an extensive network of underground pipelines to transport hydrocarbons. Thus, due to these aspects, the utility locator market will expand across the LAMEA region in upcoming years.

The Brazil market dominated the LAMEA Utility Locator Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $28.5 million by 2030. The Argentina market is showcasing a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.9% during (2023 - 2030).

Free Valuable Insights: The Utility Locator Market is Projected to reach USD 1.2 billion by 2030, at a CAGR of 5.2%

Based on Technique, the market is segmented into Electromagnetic Field, Ground Penetrating Radar, and Others. Based on Offering, the market is segmented into Equipment and Services. Based on Application, the market is segmented into Telecommunications, Water & Sewage, Electricity, Oil & Gas, Transportation, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • Megger Group Limited
  • multiVIEW Locates Inc.
  • Penhall Company
  • SPX Technologies, Inc.
  • Emerson Electric Co.
  • Hexagon AB
  • 3M Company

LAMEA Utility Locator Market Report Segmentation

By Technique

  • Electromagnetic Field
  • Ground Penetrating Radar
  • Others

By Offering

  • Equipment
  • Services

By Application

  • Telecommunications
  • Water & Sewage
  • Electricity
  • Oil & Gas
  • Transportation
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


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