According to a new report, published by KBV research, The Global Utility Locator Market size is expected to reach $1.2 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.
The Ground Penetrating Radar segment is anticipated to have a CAGR of 5.5% during (2023 - 2030). Ground-penetrating radar (GPR) is widely used for the detection and mapping of various underground utilities, including water and sewer pipes, gas lines, and communication cables. The ability to accurately locate and map different types of utilities makes GPR an essential tool for construction projects, utility maintenance, and infrastructure development. GPR is utilized in archaeological surveys for subsurface imaging and locating buried structures or artifacts. GPR aids archaeologists in non-destructive investigations, providing valuable insights into historical sites without excavation. This use of GPR supports heritage preservation efforts.
The Equipment segment is leading the Global Utility Locator Market, By Offering in 2022 thereby, achieving a market value of $829.4 million by 2030. Ground-penetrating radar (GPR) technology provides high-resolution images of underground structures, enhancing the accuracy of utility detection. Its ability to identify various materials in the subsurface, such as pipes and cables, makes it a valuable tool in utility mapping. Acoustic pipe locators detect and locate underground utilities by listening for sound waves generated by leaks or escaping gases. Acoustic technology is crucial for identifying leaks or breaks in pipes, especially in water and gas utilities. This helps in timely maintenance and prevents potential hazards.
The Water & Sewage segment is experiencing a CAGR of 6% during (2023 - 2030). Water & sewage systems often use non-metallic pipes, such as those made of PVC or HDPE. Utility locators that detect non-metallic utilities are essential for accurately identifying and mapping these pipes. Trenchless technologies, such as horizontal directional drilling (HDD) and pipe bursting, are commonly used in the water & sewage segment. Utility locators support these technologies by providing accurate subsurface information for planning and execution.
Full Report: https://www.kbvresearch.com/utility-locator-market/
The North America region dominated the Global Utility Locator Market, By Region in 2022 thereby, achieving a market value of $413.2 million by 2030, growing at a CAGR of 4.4 % during the forecast period. The Asia Pacific region is experiencing a CAGR of 5.9% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 4.8% during (2023 - 2030).
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