Underground Services Locator Market

Underground service locator is also known as underground utility locating equipment. The underground service locator is GPS enabled to help trace lines on a digital map. The device can export reading to a separate device such as smartphone, computer, or tablet. Moreover, the underground service locator also provides a feature of audible alert to indicate underground utility, and automated on-off features, which preserve battery without affecting system operation.

Market Scope and Structure Analysis

This growth can be accredited to the concern for security and protection of underground utilities, betterment of innovative utility locating technologies over outmoded utility locating methods, and government creativities toward the execution of utility locators. However, high possession and maintenance costs limits the growth of the utility locator market. The high cost of possession and maintenance of equipment, continuous innovation affecting to utility locating devices, and strict government policies to locate underground utilities before excavating and construction activities contribute toward the growth of this market.

COVID-19 impact analysis

• COVID-19 pandemic has shut down the production of various products in the underground services locator market attributed to the lockdown in countries worldwide. This has hampered the growth of the underground services locator market from the last few months and is likely to continue during 2021.
• COVID-19 has already affected the sales of the underground services locator in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
• The major demand for the underground services locator was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for the underground services locator system.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Underground services locator manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• Underground services locator manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

The market is mainly driven by the increase in concern for the safety and protection of underground utilities, and development of advanced underground service locator technologies. High maintenance costs and possession limits the growth of the underground service locator market. However, strict regulations and standards imposed by governments for using suitable detecting device for various companies is expected to contribute to the growth of the underground service locator market. The prominent manufacturers of underground service locator market are focusing on acquiring the distributor companies. Moreover, innovating more efficient underground service locator product lines such as smartphone or tablet based underground service locator.

Market Trends

• Strategic partnerships and collaborations help to strengthen the base of each company and achieve mutual aspirations faster by leaning on one another’s experience, network and resources. It gives a competitive edge and allows to extend a broader range of opportunities. For instance, on May 28, 2019, Geophysical Survey Systems, Inc. announced distribution partnership with the Blinken Tools AB. This alliance focuses on expanding Geophysical Survey Systems, Inc. presence in the Scandinavia region.
• Some of the standards defined for underground service locator helping the manufacturer to provide better service. For instance, the underground service locator standards such as ASCE 38-02, BS PAS 128, and CSA S250, provides guidelines for detecting and depicting subsurface utilities, mapping underground utilities, and provides specification for detecting, locating, and verifying underground utilities.
• Similarly, new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. For instance, In February 2017, Radiodetection launched a new product TDR Cable Analyzer, Lexxi T1660 TDR. The device will provide the accurate cable analysis to the responders. The company will straighten their product line with this product which will help them to acquire more customer base.

Key benefits of the report

• This study presents the analytical depiction of the underground services locator market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the underground services locator market share.
• The current market is quantitatively analysed to highlight the underground services locator market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed underground services locator market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Underground Services Locator System market report

• Who are the leading global players in the underground services locator market?
• What are the current trends and predicted trends?
• What is underground services locator?
• What is underground services locator market prediction in the future?
• What are the challenges faced in the underground services locator market?
• What are the driving factors and opportunities in the market?
• What are the key benefits of the underground services locator market report?

 Underground Services Locator Market Report Highlights