November 26, 2022

Global “Underground Service Locator  study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.

Market Analysis and Insights: Global Underground Service Locator Market

Due to the COVID-19 pandemic, the global Underground Service Locator Market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with an Impressive CAGR during the review period. Fully considering the economic change by this health crisis, Small Size accounting for % of the Underground Service Locator Market in 2022, is projected to value USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to a magnificent CAGR throughout this forecast period.

 

Key Industry Developments:

  • April 2021: Sensors & Software Inc. has recently launched version 6 of the EKKO Project GPR Processing Software, designed to provide a holistic GPR data management solution, analysis of the readings, and reporting of the solutions. The software can improve the precision of accuracy of the GPR solutions over the forecast period
  • February 2021: Radiodetection, has recently developed two new ranges of precision location and transmitters, which can provide efficient operations and high levels of safety for the operator by providing precise and accurate measurements.

Underground Service Locator Market Regional Analysis:

Moreover, This report focuses on Underground Service Locator Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

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Top companies in the Global Underground Service Locator Market research report include:

  • Hexagon Geosystems AG (Brazil)
  • Leica Geosystem (Switzerland)
  • Ridge Tool Company (U.S.)
  • Hermann Sewerin GmbH (Germany)
  • Stanlay (India)
  • Trotec GmbH (Germany)
  • KharkovEnergoPribor Ltd. (Ukraine)
  • SebaKMT (Germany)
  • Amprobe (U.S.)
  • Maverick Inspection (Canada)
  • 3M Vivax-Metrotech Corporation (U.S.)
  • Norscan Instruments Ltd. (Canada)
  • Tinsley Precision Instruments (U.K.)
  • PipeHawk Plc (U.K.)
  • GSSI Geophysical Survey Systems Inc. (U.S.)
  • The Mainmark Group of Companies (Australia)
  • HDD Broker LLC. (U.S.)

Supply Chain Disruption Amid Pandemic To Restrict Market Growth

The outbreak of the COVID-19 pandemic negatively affected the market due to strict restrictions imposed by the government. The disrupted supply chain and halt on manufacturing units affected the underground service locator market growth during the pandemic period. Also, the workforce was restricted to work on 50% capacity to maintain the social distancing norms and avoid virus spread. Furthermore, revised import/export policies affected the supply chain and restricted raw material supplies and finished goods. These factors restricted the market growth during the pandemic period.   

Segments:

By technique, the market is divided into electromagnetic locators, ferromagnetic locators, ground-penetrating radar (GPR), traceable rodder, and sound detectors. Based on deployment, the market is bifurcated into active and passive locations. On the basis of service type, the market is segregated into ducts route locator, pipe & conduit locator, blockages locator, cable locator, septic tanks locator, and others. According to the industries, the market is categorized into energy & power, water management & sewer management, oil & gas, telecommunication, and railways & transportation. Geographically, the market share is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.  

Market Segmentation-

Key Industry Developments:

  • April 2021: Sensors & Software Inc. has recently launched version 6 of the EKKO Project GPR Processing Software, designed to provide a holistic GPR data management solution, analysis of the readings, and reporting of the solutions. The software can improve the precision of accuracy of the GPR solutions over the forecast period
  • February 2021: Radiodetection, has recently developed two new ranges of precision location and transmitters, which can provide efficient operations and high levels of safety for the operator by providing precise and accurate measurements.

COVID-19 Outbreak Impact Analysis on Underground Service Locator Market

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.

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Underground Service Locator Market Historical Data:

  • Industry Trends: Global Revenue, Status and Outlook.
  • Market segment: by types, by applications, by regions / geography.
  • Competitive landscape: for producers, development trends.
  • Revenue of the product for the best players: market share, growth rate, analysis of the current market situation.
  • Sales revenue: market share, growth rate, current market analysis.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Frequently Asked Question-

  • Which regional market will show the highest growth?
  • What are the drivers and restraints of the market?
  • What will be the CAGR and size?
  • Which are the five top players of the market

 

If you have any special requirements, please let us know and we will offer you the report as you want. you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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