North America Utility Markers Market Size, Share & Industry Trends Analysis Report By Configuration (Passive and Programmable), By Utility Type, By Type (Ball Markers, Disk Markers, Tape Markers), By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Utility Markers Market would witness market growth of 6.0% CAGR during the forecast period (2023-2029).
Utility Markers provide layers of UV-inhibiting, impact-resistant polymers to protect against yellowing, fading, and mechanical, chemical, and UV abrasion for even better protection. Low-impact plastic markers provide high visibility without drawing attention from passersby. Utility markers stand out to maintenance staff and locators while remaining hidden from the general public due to their vivid APWA colors in both reflective and non-reflective forms. Moreover, plastic marker adhesive may be placed and forced into place in a matter of seconds without the need for mixing.
Plastic utility markers can provide locators with a reference point to a range of assets, just like conventional spray paints. For instance, certain markers can be sunken into concrete and asphalt and inserted to display messages of caution, mark out areas of sidewalks or roads, provide details about particular subsurface assets, or promote the usage of "Call Before You Dig" services in a specific location.
The Canadian telecom industry has been very active recently. The telecom industry experienced several regulatory developments that supported the sector. In addition, the telecom industry in Canada revolutionized how individuals in the nation socialize, do business, and have fun. Population growth, the expansion of communication services, and the expanding use of smartphone services have all contributed to the growth of the Canadian telecom market. With the growing telecom industry in the region, the demand and adoption of utility markers are expected to increase due to their usage and associated benefits like long-term cost and time saving and allowing utility workers to find the exact locations of the underground facilities. Thus, these factors will drive the utility markers market growth in the region.
The US market dominated the North America Utility Markers Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $126,689.6 Thousands by 2029. The Canada market is poised to grow at a CAGR of 8.4% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 7.5% during (2023 - 2029).
Based on Configuration, the market is segmented into Passive and Programmable. Based on Utility Type, the market is segmented into Telecommunications, Gas, Power and Water & Wastewater. Based on Type, the market is segmented into Ball Markers, Disk Markers, Tape Markers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Utility Markers Market is Projected to reach USD 475.8 Million by 2029, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Radiodetection Ltd. (SPX Technologies, Inc.), Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.), Tempo Communications, Inc., Komplex s.r.o., Hexatronic Group AB, RYCOM Instruments, Inc., Berntsen International, Inc., Trident Solutions, Inc., and National Marker Company (Justrite Safety Group).
Scope of the Study
Market Segments Covered in the Report:
By Configuration
- Passive
- Programmable
By Utility Type
- Telecommunications
- Gas
- Power
- Water & Wastewater
By Type
- Ball Markers
- Disk Markers
- Tape Markers
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- Radiodetection Ltd. (SPX Technologies, Inc.)
- Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.)
- Tempo Communications, Inc.
- Komplex s.r.o.
- Hexatronic Group AB
- RYCOM Instruments, Inc.
- Berntsen International, Inc.
- Trident Solutions, Inc.
- National Marker Company (Justrite Safety Group)
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