The utility locate market is anticipated to increase at a compound annual growth rate (CAGR) of 4.7%, reaching US$ 1.3 billion by 2033 and US$ 820 million by 2023, according to market research. Locators are necessary for locating underground utilities including telephone, gas, electricity, and water pipes. The information supplied allows for the acquisition of more knowledge …
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Emerging Trends and Growth Prospects in the Utility Locator Market: Technological Advancements and Government Support Driving Expansion
According to market research, the utility locate market is expected to develop at a compound annual growth rate (CAGR) of 4.7%, reaching US$ 820 million by 2023 and US$ 1.3 billion by 2033. Finding subterranean services such as water pipelines, electrical cables, gas lines, and telephone lines requires the use of locators. Gaining further insight into safeguarding …