Utility Markers Market Expected to reach $471 million by 2028
The global utility markers market size is projected to grow from USD 341 million in 2023 to USD 471 million by 2028, at a CAGR of 6.7% during the forecast period. Utility markers are able to provide the exact location of the utility buried underground. These markers are placed with the ducts, cables, and pipelines underground, which convey the exact physical characteristics of underground utilities to the utility locators. The markers are independent of power supply and have a lifetime of around 30-50 years depending on the manufacturer and market type.
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The market for tape markers is expected to grow at a
significant CAGR during the forecast period
Tape markers are also known as detectable and underground
warning tapes. These tapes are designed as flexible ribbons to mark the
location of buried utilities such as gas, water, electrical, and fiber optic
lines. They are mainly used to locate underground plastic pipes, conduits, and
cables. Their general detectable range/depth is up to 4 ft. The utility
provider can also customize the legend on the tape. When installed correctly,
the tape provides a clear path and location of utilities, preventing dangerous
excavation accidents.
The gas utility type is projected to grow at steady CAGR
from 2023 to 2028
Gas is considered one of the key application sectors for
utility markers. Some key points where utility markers can be placed in gas
lines include pipe paths, conduit stubs, valves, tees, road crossings, meter
boxes, and snow-covered installations. Utility markers are used in the gas
sector to identify the location of gas pipelines and avoid inexact excavations,
which may cause damage. Gas utilities generally have different frequencies, and
these markers help reduce the risk of accidental locating and excavation of
other buried facilities. The gas pipeline location markers are yellow. Companies
such as 3M Company (US) offer EMS markers that can be used to identify the
location of gas pipes and are color-coded to APWA standards for visual
reference. Another company, Hexatronic Group AB (Sweden), offers RF-detectable
markers used for gas pipeline locations.
North America is expected to hold the largest share of
the utility markers market during the forecast period
North America held the largest share of utility markers
market in 2022. The North American utility markers market includes the US, Canada,
and Mexico. The aging infrastructure and continuous development of new
infrastructure are the key factors boosting the growth of the utility markers
market in North America. Growing investments in water, power grid, and
broadband networks also support the adoption of utility markers. The North
American government is increasingly investing in funding programs for
infrastructural development. Furthermore, countries in this region are
continuously working to deliver better telecommunication services, driving the
demand for utility markers.
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The key players in this market include 3M Company (US),
Tempo Communications, Inc. (US), Komplex (Slovakia Hexatronic Group AB
(Sweden), Radiodetection Ltd. (UK), Rycom Instruments, Inc. (US), Seton (US),
Berntsen International, Inc. (US), and Trident Solutions (US).
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