The global utility locator market is expected to grow at a CAGR of 5.68% during the forecast period. Based on technology, the global utility locator market has been segmented into the electromagnetic field and GPR. As per the latest market research report published by Technavio, the global utility locator market size will grow by USD 1.79 billion during 2019-2023. Get the free sample report below for the detailed information.
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Utility locators made with electromagnetic field technology use electromagnetic waves for profiling the resistivity and the conductivity of the ground and provide images based on the values obtained. Electromagnetic field utility locators are used for detecting, mapping, and surveying metallic pipes or cables. Factors such as high efficiency and low cost of electromagnetic field locators when compared to other technologies have increased their adoption in locating metallic utilities such as oil and gas pipelines, wastewater pipelines, and sewer lines.
Demand for technologically advanced products by vendors is also boosting the market’s growth. The cost advantage of electromagnetic field utility locators over rival products has been led to an increase in the demand from emerging countries such as China, India, South Africa, Brazil, and Vietnam, where the penetration of utility locator products is comparatively lower. This will strengthen the global utility locator market prospects during the forecast period.
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