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Underground service locator can be termed as an equipment or a system which is used to identify the underground location of utilities and to inspect the consition of these utilities. The underground service locator help to access the precise and accurate location of the underground asset which can help the operator to protect these assests from damage due to the ongoing underground development work. Increased emphasis on the safety precuations and increased range of accuracy and precision is encouraging many customers to procure underground service locator.
The incorporation of the bluetooth device with underground service location equipment is anticipated to increase the interoperability of these devices complementing with the advanced devices and communication technology of the connected world. Additionally, development of products which can identify the training needs and regulate measurements according to the site of application. These technological advancments can increase the prevailant use of these equipments in locating and protecting buried infrastructure. Furthermore, using underground service locator system the customer can have accurate depth estimates and can confirm and calaculate exact locations in highly congested underground areas. With increasing clustures of underground utilities in both public and private properties over the coming years use of underground service locator is expected to have a substantial surge acorss various regions in the market.
However, the massive outbreak of the COVID-19 pandemic is anticipated to curb the underground service locator market across the globe. Disruption and complete breakdown of supply chain in diverse regions due to the COVID-19 restrictions and brief duration of national lockdown across various markets is expected to obstruct the growth of the market. Additionally, abrupt closure of the manufacturing facilities and restrictions to operate with minimal workforce even after the resumption of these facilities have also created volatality in the manufacturing, supply and availaibility of underground service locator equipment in the market which has an adverse impact on the global market. Reduction in operations across almost end use verticals is also plummeting the demand of these products in multiple regional markets.
To reduce the neagtive impact on the market and to have seamless operations from manufacturing to sales of these products many companies are trying to ramp up installtion of automation techniques at their manufacturing facilities to reduce the requirement of workforce and also to pace up the rate of manufacturing in their facilties. Also, the market participants are keen towards re-establishment of the supply chain across various regions to increase the market penetration and have a substantial direct customer reach to improve sales of their underground service locator equipment in the market.
Key Market Driver -
• Development of locators with wireless communication technology and IoT enabled devices • Increasing awareness regarding safety and security of the underground infrastructure is driving the growth of the market
Key Market Restraint -
• Availability of inferior quality control panels
Key players operating in the global underground service locator market are Hexagon Geosystems AG, Leica Geosystem, Ridge Tool Company, Hermann Sewerin GmbH, Stanlay, Trotec GmbH, KharkovEnergoPribor Ltd., SebaKMT, Amprobe, Maverick Inspection, 3M Vivax-Metrotech Corporation, Norscan Instruments Ltd., Tinsley Precision Instruments, Amprobe, PipeHawk Plc, GSSI Geophysical Survey Systems, Inc., The Mainmark Group of Companies, HDD Broker LLC., and others.
North America is expected to account for a lions share in the global market. The presence of prominent and established vendors in the region providig a swift growth for the market. Additionally, the governments in the region are emphsizing on the used of underground service locator to reduce the risk of damage to the underground service utilities during remodelling and renovation operations. The promising development in the sector of water and wastewater management in also anticipated to increase the application of undergoring service locator in the region.
Asia Pacific region is estimated to register noteworthy growth in the undergroung service locator market on the back of extensive investment on the infrastructure development intiatives across the developing countries in the region. Rapid urbanization across the region is encouraging constant remodelling and development of the public infrastructure in major cities within the region. Promising development in the sector of telecommunication and internet connection using fiber optics in the countries such as India, China and Japan has surged the underground network of optic cables which incresed the threat to underground utilties during remodelling and development projects and substantially increased the demand of underground service.
Europe is projected to witness modest pace of growth in the global market and is expected to account for a significant share in the global market over the slated period of time. The regulations and norms regarding the safety and security procedures during construction and development operations in numerous countries can compell consumers to intiate application of underground service locator equipment.
The Middle East & Africa and South America are expected to progress with a sluggish pace in the global market. The countires like UAE, kingdom of Saudi Arabia and South Africa are anticipated to have a major share in the regional market due to strong development prospects in the infrastructure related advancments and enhancement in water and wastewater management systems in the region.
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