MarkNtel Advisors recently published a report, titled, ” Global Utility Locator Market By Technique (Electromagnetic Field, Ground Penetrating Radar, Others), By Offering, (Equipment, Services), By Target (Metallic, Non-Metallic), By End User (Telecommunication, Electricity, Water and Sewage, Oil & Gas, Transportation, Others), As per as the report The Global Utility Locator Market size was valued at USD 780 Million in 2022 and is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28.
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Global Utility Locator Market Possible Restraint
Shortage of Expertise and High Cost of Ownership – The prominent factor hindering the market growth is the shortage of expertise and the required skillset in operating and interpreting utility locator systems effectively. As these technologies become more sophisticated, users need to possess specialized knowledge and undergo adequate training to use them correctly and extract accurate information. The lack of skilled personnel may deter some organizations from fully embracing utility locator systems, thereby restricting the market’s overall growth potential. Besides, the high cost of ownership and maintenance associated with utility locator systems is expected to impede market growth during 2023-28.
Leading Companies in Global Utility Locator Market:
Radiodetection Ltd., Vivax-Metrotech Corp., Guideline Geo., Emerson Electric Co., The Charles Machine Works, Sensors & Software Inc., Leica Geosystems AG, 3M, and GSSI Geophysical Survey Systems..
Global Utility Locator Market Segmentation:
By Technique
-Electromagnetic Field
-Ground Penetrating Radar
-Others
By Offering
-Equipment
-Services
By Target
-Metallic
-Non-Metallic
By End User
-Telecommunication
-Electricity
-Water and Sewage
-Oil & Gas
-Transportation
-Others
By Company
-Revenue Shares
-Competition Characteristics
Get Full Access Of Global Utility Locator Market Report : https://www.marknteladvisors.com/research-library/utility-locator-market.html
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Utility Locator Market are:
•What is Global Utility Locator Market?
•What was the market size in 2023?
•What is the growth rate of the Global Utility Locator Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Utility Locator Market?
•What segments are covered in the Market?
•Who are the key players in the Global Utility Locator Market?
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