Underground Utility Mapping Market Share, Future Growth, Comprehensive Forecast Analysis to 2022-2031

Japan, Japan, Wed, Apr 13 2022 02:45:59 / Comserve Inc. / — The underground utility mapping market is expected to grow at a compound annual growth rate (CAGR) of 11.0% during the forecast period 2022-2031.

With COVID-19 driving economic fallout, many economies are working on game-changing improvements to protect their employees and customers. While focusing on current challenges, leaders are adopting new plans to manage and stay afloat in this competitive environment.

“The underground utility mapping market is expected to grow at a compound annual growth rate (CAGR) of 11.0% during the forecast period due to an increase in concerns regarding the safety of underground utilities. “

The global underground utility mapping market size is expected to grow from USD 842 Million in 2019 to USD 1.4 Billion by 2024, at a compound annual growth rate (CAGR) of 11.0% during the forecast period. Rising concerns regarding the safety of underground utilities and government initiatives for the implementation of utility mapping tools are the major factors driving the growth of the underground utility mapping market.

“The technology solutions segment holds a significant market share.”

Over the past few years, underground utility mapping technology has grown and been integrated into various verticals. Various utilities, such as electrical wires, oil and gas pipelines, and water and sewer lines, can be detected, identified, and mapped using various techniques to reduce the risk of potential damage to utilities underground during digging or excavation. The underground utility mapping market, based on technology solutions, has been segmented into electromagnetic induction, GPR and others. Other technology solutions include magnetic locators, acoustic pipe locator and vacuum excavator.

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The final report will cover the impact analysis of COVID-19 on this industry: Underground Utilities Mapping Market Overview by Emerging Trends, Growth and Forecast to 2022-2031

“The surveying and mapping segment is expected to witness significant growth in the underground utility mapping market over the forecast period.”

In surveying and mapping, technicians use the latest technology with expert methods to explore detectable features underground. A suite of technologies, including GPR and Electromagnetic Locators (EML), analyzes signals reflected from structures, services, buried objects and layers beneath the ground. With regulatory record plans, visual inspections of all lifted services covered on site, technicians create an accurate map of the underground environment in multiple formats, including 3D. Surveying and mapping reduces project planning time, minimizes risk and meets health and safety regulations.

“North America is expected to have the largest market size, and Rest of the World (RoW) is expected to grow at a significantly high rate over the forecast period.”

North America is leading the adoption of underground utility mapping applications due to the growing demand for enhanced monitoring and construction activities that use projection mapping to create advanced maps and models. The region has a very stable economy, which gives it an edge over other regions in terms of wide usage of underground utility mapping applications in various fields. Utility Mapping solutions help identify the precise location of an underground utility, thereby improving public safety, increasing the integrity of the underground utility, and preventing accidents and incidents during repair, maintenance and maintenance activities. maintenance and new construction. All these factors are propelling the growth of the market in North America. The American Public Works Association has developed color coding systems that help identify existing underground utilities such as power, gas, water and communication lines. The United States is one such country in which these systems are deployed.

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The final report will cover the impact analysis of COVID-19 on this industry: Underground Utilities Mapping Market Overview by Emerging Trends, Growth and Forecast to 2031

The major countries contributing to the underground utility mapping market in the right-of-way are Brazil, South Africa and some countries in the Middle East. Brazil is a key contributor to underground utility mapping solutions and services in this region. Factors driving the underground utility mapping market in the right-of-way are market-friendly policies such as equal access to regional markets for non-resident investors and the Growth Acceleration Program (PAC ) government that promotes investment in infrastructure. In South Africa, underground utility mapping is used for power and infrastructure verticals and is expected to grow at a significant rate over the forecast period. This growth can be attributed to the increasing use of underground utility mapping applications to verify underground utilities during construction activities.

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Bonny J. Streater