Utility Markers Market
Utility Markers Market Forecasts to 2030 - Global Analysis By Product Type (Tape Markers, Ball Markers, Disk Markers and Other Product Types), Function, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $349.4 MN |
|
Projected Year Value (2030) |
US $676.7 MN |
|
CAGR (2023 - 2030) |
9.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Utility Markers Market is accounted for $349.4 million in 2023 and is expected to reach $676.7 million by 2030 growing at a CAGR of 9.9% during the forecast period. Utility markers follow the consistent colour codes established by the relevant Public Works Association authorities of the place because it may be difficult to keep track of exactly what is buried underground on a worksite. In addition to correctly identifying subterranean conduits, cables, and pipes as well as the owners and descriptions of the related facilities, various utility marking codes were employed after the establishment of the universal colour code.
Market Dynamics:
Driver:
Rapid expansion of the telecommunications sector
The telecommunications sector has been growing quickly because of the rise in connectivity requirements, technical improvements, and the widespread use of mobile devices. Significant technological advancements like 5G networks, cloud services, AI, edge computing, and IoT are also boosting the rate of expansion of the global telecommunications sector. The telecom utility infrastructure is the essential component on which the telecoms sector ongoing operations depend. Hence, this is the factor propelling the growth of the market.
Restraint:
Lack of awareness
There is a pervasive lack of understanding of the importance of utility detection in many developing and emerging economies. This is particularly common in sparsely inhabited areas where small-scale subcontractors and people routinely finish building projects without the essential knowledge or understanding of the benefits of utility detection prior to excavating. The public's safety is greatly endangered by haphazard building and excavation work that can result in accidents and permanently damage underground utilities like water and sewer pipes.
Opportunity:
Regulatory requirements and mandates
Governmental entities and other utility service providers put the majority of water, wastewater, communications, gas, and power pipes beneath the surface level in both commercial and residential sites to ensure uninterrupted delivery. Governments all across the world have passed laws and regulations requiring utility identification and modeling in advance to avert situations like these. Therefore, it is anticipated that mandates and regulatory requirements will increase market demand.
Threat:
Technical difficulties
There are several products on the market for utility location and detection, including GPRs, RF cable & pipe locators, metal locators, and electromagnetic utility locators, which can directly identify and find different kinds of subterranean utilities. Some underground ball marks are susceptible to disturbance from outside sources, such as backfill dirt, or when they are improperly put. This will have an adverse effect on their location precision, detection power, and produce inaccurate readings.
Covid-19 Impact:
The utilities markers market has been significantly impacted by the COVID-19 outbreak. The pandemic-related decline in the world economy has also had an impact on utility marker demand. The disruption in supply chain management has been one of the biggest problems the utility utilities market has had to deal with throughout the pandemic. The movement of products has been significantly impacted by the lockdowns and travel restrictions implemented by numerous nations. This has caused a lack of raw materials, which has affected the creation of new markers, as well as delays in the supply of utility markers.
The disk markers segment is expected to be the largest during the forecast period
The disk markers segment is expected to be the largest during the forecast period. Disc markers offer dependable marking solutions that are affordable and effective for both major and minor sites of subterranean line constructions. They therefore offer a practical labelling option for utilities including gas, power, telephone, and water. The detection of subsurface utilities such gas pipes, optical and communications cables, sewage pipelines, power cables and water pipelines is frequently done using these indicators.
The water & wastewater segment is expected to have the highest CAGR during the forecast period
The water & wastewater segment is expected to have the highest CAGR during the forecast period. Utility markers, such as ball and tape markers, are more typically used to mark and locate valves, plastic pipes, buried service drops, tees, conduit stubs, main/service couplings, and clean-outs in water and wastewater applications. Nations all around the world are constantly building and improving their water and wastewater pipeline networks to ensure that the water supply operates efficiently.
Region with largest share:
North America is projected to hold the largest market share during the forecast period, owing to the significant investments in the development and maintenance of utility infrastructure in the region. The region's market is anticipated to increase as a result of the rising demand for utility markers in the infrastructure and construction industries and the strict government rules governing the safety of buried utilities.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the increasing investments in infrastructure development in emerging economies. The market is anticipated to increase because to the expanding building activities, the necessity for safety, and the prevention of damage to subsurface utilities. Due to the growing awareness of buried utility safety and the requirement to follow government laws, the market for utility markers is also anticipated to increase in these areas.
Key players in the market
Some of the key players in Utility Markers market include Hexatronic Group, OMEGA Marking Company, 3M Company, National Marker Company, Tempo Communications, Inc., Rycom Instruments, Inc., Seton, Komplex, Radiodetection Ltd., Trident Solutions, Inc., Berntsen International, Inc., Marking Services, Inc., Dura Line ltd. and Radiodetection Ltd.
Key Developments:
In May 2023, Marking Services, Inc. announced the release of three new CO2 Pipe Markers. These markers were designed to fit the growing need within the CO2 Industry. With Self-Adhesive, Coiled, or Carrier options available these Pipe Markers are ideal for any harsh environments.
In January 2022, Trident Solutions announced the acquisition of LEM Products, Inc., a manufacturer of industrial identification products. Through the acquisition, it supports its safety marking and identification products portfolio.
Product Types Covered:
• Tape Markers
• Ball Markers
• Disk Markers
• Other Product Types
Functions Covered:
• Programmable
• Passive
Applications Covered:
• Telecommunications
• Water & Wastewater
• Power
• Gas
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Utility Markers Market, By Product Type
5.1 Introduction
5.2 Tape Markers
5.3 Ball Markers
5.4 Disk Markers
5.5 Other Product Types
6 Global Utility Markers Market, By Function
6.1 Introduction
6.2 Programmable
6.3 Passive
7 Global Utility Markers Market, By Application
7.1 Introduction
7.2 Telecommunications
7.3 Water & Wastewater
7.4 Power
7.5 Gas
7.6 Other Applications
8 Global Utility Markers Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Hexatronic Group
10.2 Rycom Instruments, Inc.
10.3 3M Company
10.4 National Marker Company
10.5 Tempo Communications, Inc.
10.6 Rycom Instruments, Inc.
10.7 Berntsen International, Inc
10.8 Hexatronic Group AB
10.9 Komplex, Seton
10.10 Radiodetection Ltd.
10.11 Trident Solutions, Inc.
10.12 Berntsen International, Inc.
10.1 Marking Services, Inc.
10.14 Dura Line ltd.
10.15 Radiodetection Ltd.
List of Tables
1 Global Utility Markers Market Outlook, By Region (2021-2030) ($MN)
2 Global Utility Markers Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Utility Markers Market Outlook, By Tape Markers (2021-2030) ($MN)
4 Global Utility Markers Market Outlook, By Ball Markers (2021-2030) ($MN)
5 Global Utility Markers Market Outlook, By Disk Markers (2021-2030) ($MN)
6 Global Utility Markers Market Outlook, By Other Product Types (2021-2030) ($MN)
7 Global Utility Markers Market Outlook, By Function (2021-2030) ($MN)
8 Global Utility Markers Market Outlook, By Programmable (2021-2030) ($MN)
9 Global Utility Markers Market Outlook, By Passive (2021-2030) ($MN)
10 Global Utility Markers Market Outlook, By Application (2021-2030) ($MN)
11 Global Utility Markers Market Outlook, By Telecommunications (2021-2030) ($MN)
12 Global Utility Markers Market Outlook, By Water & Wastewater (2021-2030) ($MN)
13 Global Utility Markers Market Outlook, By Power (2021-2030) ($MN)
14 Global Utility Markers Market Outlook, By Gas (2021-2030) ($MN)
15 Global Utility Markers Market Outlook, By Other Applications (2021-2030) ($MN)
16 North America Utility Markers Market Outlook, By Country (2021-2030) ($MN)
17 North America Utility Markers Market Outlook, By Product Type (2021-2030) ($MN)
18 North America Utility Markers Market Outlook, By Tape Markers (2021-2030) ($MN)
19 North America Utility Markers Market Outlook, By Ball Markers (2021-2030) ($MN)
20 North America Utility Markers Market Outlook, By Disk Markers (2021-2030) ($MN)
21 North America Utility Markers Market Outlook, By Other Product Types (2021-2030) ($MN)
22 North America Utility Markers Market Outlook, By Function (2021-2030) ($MN)
23 North America Utility Markers Market Outlook, By Programmable (2021-2030) ($MN)
24 North America Utility Markers Market Outlook, By Passive (2021-2030) ($MN)
25 North America Utility Markers Market Outlook, By Application (2021-2030) ($MN)
26 North America Utility Markers Market Outlook, By Telecommunications (2021-2030) ($MN)
27 North America Utility Markers Market Outlook, By Water & Wastewater (2021-2030) ($MN)
28 North America Utility Markers Market Outlook, By Power (2021-2030) ($MN)
29 North America Utility Markers Market Outlook, By Gas (2021-2030) ($MN)
30 North America Utility Markers Market Outlook, By Other Applications (2021-2030) ($MN)
31 Europe Utility Markers Market Outlook, By Country (2021-2030) ($MN)
32 Europe Utility Markers Market Outlook, By Product Type (2021-2030) ($MN)
33 Europe Utility Markers Market Outlook, By Tape Markers (2021-2030) ($MN)
34 Europe Utility Markers Market Outlook, By Ball Markers (2021-2030) ($MN)
35 Europe Utility Markers Market Outlook, By Disk Markers (2021-2030) ($MN)
36 Europe Utility Markers Market Outlook, By Other Product Types (2021-2030) ($MN)
37 Europe Utility Markers Market Outlook, By Function (2021-2030) ($MN)
38 Europe Utility Markers Market Outlook, By Programmable (2021-2030) ($MN)
39 Europe Utility Markers Market Outlook, By Passive (2021-2030) ($MN)
40 Europe Utility Markers Market Outlook, By Application (2021-2030) ($MN)
41 Europe Utility Markers Market Outlook, By Telecommunications (2021-2030) ($MN)
42 Europe Utility Markers Market Outlook, By Water & Wastewater (2021-2030) ($MN)
43 Europe Utility Markers Market Outlook, By Power (2021-2030) ($MN)
44 Europe Utility Markers Market Outlook, By Gas (2021-2030) ($MN)
45 Europe Utility Markers Market Outlook, By Other Applications (2021-2030) ($MN)
46 Asia Pacific Utility Markers Market Outlook, By Country (2021-2030) ($MN)
47 Asia Pacific Utility Markers Market Outlook, By Product Type (2021-2030) ($MN)
48 Asia Pacific Utility Markers Market Outlook, By Tape Markers (2021-2030) ($MN)
49 Asia Pacific Utility Markers Market Outlook, By Ball Markers (2021-2030) ($MN)
50 Asia Pacific Utility Markers Market Outlook, By Disk Markers (2021-2030) ($MN)
51 Asia Pacific Utility Markers Market Outlook, By Other Product Types (2021-2030) ($MN)
52 Asia Pacific Utility Markers Market Outlook, By Function (2021-2030) ($MN)
53 Asia Pacific Utility Markers Market Outlook, By Programmable (2021-2030) ($MN)
54 Asia Pacific Utility Markers Market Outlook, By Passive (2021-2030) ($MN)
55 Asia Pacific Utility Markers Market Outlook, By Application (2021-2030) ($MN)
56 Asia Pacific Utility Markers Market Outlook, By Telecommunications (2021-2030) ($MN)
57 Asia Pacific Utility Markers Market Outlook, By Water & Wastewater (2021-2030) ($MN)
58 Asia Pacific Utility Markers Market Outlook, By Power (2021-2030) ($MN)
59 Asia Pacific Utility Markers Market Outlook, By Gas (2021-2030) ($MN)
60 Asia Pacific Utility Markers Market Outlook, By Other Applications (2021-2030) ($MN)
61 South America Utility Markers Market Outlook, By Country (2021-2030) ($MN)
62 South America Utility Markers Market Outlook, By Product Type (2021-2030) ($MN)
63 South America Utility Markers Market Outlook, By Tape Markers (2021-2030) ($MN)
64 South America Utility Markers Market Outlook, By Ball Markers (2021-2030) ($MN)
65 South America Utility Markers Market Outlook, By Disk Markers (2021-2030) ($MN)
66 South America Utility Markers Market Outlook, By Other Product Types (2021-2030) ($MN)
67 South America Utility Markers Market Outlook, By Function (2021-2030) ($MN)
68 South America Utility Markers Market Outlook, By Programmable (2021-2030) ($MN)
69 South America Utility Markers Market Outlook, By Passive (2021-2030) ($MN)
70 South America Utility Markers Market Outlook, By Application (2021-2030) ($MN)
71 South America Utility Markers Market Outlook, By Telecommunications (2021-2030) ($MN)
72 South America Utility Markers Market Outlook, By Water & Wastewater (2021-2030) ($MN)
73 South America Utility Markers Market Outlook, By Power (2021-2030) ($MN)
74 South America Utility Markers Market Outlook, By Gas (2021-2030) ($MN)
75 South America Utility Markers Market Outlook, By Other Applications (2021-2030) ($MN)
76 Middle East & Africa Utility Markers Market Outlook, By Country (2021-2030) ($MN)
77 Middle East & Africa Utility Markers Market Outlook, By Product Type (2021-2030) ($MN)
78 Middle East & Africa Utility Markers Market Outlook, By Tape Markers (2021-2030) ($MN)
79 Middle East & Africa Utility Markers Market Outlook, By Ball Markers (2021-2030) ($MN)
80 Middle East & Africa Utility Markers Market Outlook, By Disk Markers (2021-2030) ($MN)
81 Middle East & Africa Utility Markers Market Outlook, By Other Product Types (2021-2030) ($MN)
82 Middle East & Africa Utility Markers Market Outlook, By Function (2021-2030) ($MN)
83 Middle East & Africa Utility Markers Market Outlook, By Programmable (2021-2030) ($MN)
84 Middle East & Africa Utility Markers Market Outlook, By Passive (2021-2030) ($MN)
85 Middle East & Africa Utility Markers Market Outlook, By Application (2021-2030) ($MN)
86 Middle East & Africa Utility Markers Market Outlook, By Telecommunications (2021-2030) ($MN)
87 Middle East & Africa Utility Markers Market Outlook, By Water & Wastewater (2021-2030) ($MN)
88 Middle East & Africa Utility Markers Market Outlook, By Power (2021-2030) ($MN)
89 Middle East & Africa Utility Markers Market Outlook, By Gas (2021-2030) ($MN)
90 Middle East & Africa Utility Markers Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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