Radiodetection Ltd. (UK) and Guideline Geo (Sweden) are the key players in the Utility Locator Market [2022-2027]
Chicago, Nov. 16, 2022 (GLOBE NEWSWIRE) — The report “Utility Locator Market by technology (electromagnetic field, GPR), offering (equipment and services), target (metallic and non-metallic tools), vertical (oil and gas, electricity, transportation) and region – global forecast to 2027″The growth of the market is attributed to concerns about the safety and protection of the underground utilities and the advantages of utility location over traditional technologies/methods.
“[194 Pages Report] According to MarketsandMarkets, the tool localization market is expected to grow from USD 833 million in 2022 to USD 1,109 million in 2027; it is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2027.“
Key players in Utility Locator Industry
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Radiodetection Ltd. (UK),
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Guideline Geo (Sweden),
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Rigid Tool Company (USA),
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Ditch Witch (The Charles Machine works) (USA),
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Leica Geosystems AG (USA),
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Vivax-Metrotech Corporation (USA),
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3M (USA), USIC LLC (USA),
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multiVIEW Locates Inc. (Canada),
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Ground Penetrating Radar (US) among others
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“Browse In-Depth Table of Contents on “Utility Locator Market Size”
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49 – Numbers
194 – Pages
Radiodetection Ltd. Designs, develops and markets locating devices and test equipment to prevent injuries, manage assets and protect lives. The company offers utility locators for water and sewer, oil & gas, metering, power, telecommunications, sewer, municipal, construction. It offers high-performance product range of utility locators, accessories and software that include pipeline integrity and corrosion control, ground penetrating radar, metal and magnetic locators, precision locator range, cable avoidance tool, plastic water pipe locator to identify underground utilities that are difficult. to locate. The company has a strong product range powered by the latest technology. The company operates globally through offices in the US, Canada, the UK, Germany, France, the Netherlands, China, India, Hong Kong, Indonesia and Australia.
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Guideline Geo offers the sensors, software, services and support required to map and visualize the subsurface. The company operates in 4 key areas such as groundwater discovery and mapping, environmental and geological risk assessments, infrastructure site investigations and mineral exploration.
The company offers its tool finders under the MALA brand. The company offers a product line of tool locators, which includes MALA easy locator core, MALA easy locator WideRange, MALA ground explorer (GX), MALA MIRA, MALA MIRA HDR, MALA GeoDrone 80, etc. The company has wide geographical presence in America, Europe, Asia and Oceania, Africa and the Middle East.
Utility Locator Market Market Dynamics
Introduction of standards and ease in regulations regarding localization of tools to drive market growth
The update of tool locator standards helps maintain the accuracy of underground tool surveys. For example, the 2022 PAS 128 standard update called PAS 128:2022, which is the British Standards Institution (BSI) specification for locating underground utilities. The update of the standard enables users to plan more efficiently and provide safer execution of street works, civil works and ground works. The Publicly Available Specification (PAS) 256 standard is endorsed by the Institution of Civil Engineers (ICE), the British Standards Institute (BSI) and Infrastructure UK at HM Treasury. The update and release of new tool standards in turn drives the use of the tool locator. For example, the Chinese government plans to invest heavily in various infrastructural development projects, such as transportation and railway infrastructure development projects. According to a news item published in January 2022 in the China Macro Economy newsletter, the Chinese government has begun work to increase the pace of 102 major projects outlined in its 2021-2025 development plan. The country is prone to frequent natural disasters such as earthquakes and landslides, which increases the need to monitor and inspect the structures in real time.
Increasing demand for real-time utility location for underground utilities to create growth opportunities for the market
The increasing need for real-time analysis of underground utilities, concrete structures, roads, railway lines, etc., is one of the emerging concepts and new trends in the utility location market. Various techniques are used such as electromagnetic field, ground penetrating radar and others for localization. Advanced methods enable respective utility owners to perform real-time analysis of their underground utilities. Utility location equipment and service providers have started to use fleet telemetry systems, GPS units, GIS data units and GPR units that consist of multiple GPR antennas, called “GPR Arrays”, make it possible to map the areas faster by collecting multiple GPR profiles at the same time and offer 3D images of the objects and a more sophisticated data acquisition capability and other sensors to collect location-based data on underground utilities.
High cost of ownership and maintenance of tool locator is hampering the market growth
Price is the most important factor limiting the growth of the market as locating equipment is more expensive than manual digging. The cost of ownership for this locating equipment starts from about $1,000 and goes up to $5,800, depending on the type and capabilities and features of the equipment. The average selling price of GPR equipment ranges from $20,000-$25,000, depending on the type, capacity and features. In addition to the cost of purchase, the total cost of locating equipment includes maintenance cost, communication equipment, cost of operations (including repair and maintenance, wages), training of personnel and their quality assurance, etc. To use the tool locators, highly skilled labor is needed to handle the locating equipment.
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