Latin America Utility Locator Market Size & Outlook
The utility locator market in Latin America is expected to reach a projected revenue of US$ 75.8 million by 2030. A compound annual growth rate of 6.4% is expected of Latin America utility locator market from 2024 to 2030.
Revenue, 2023 (US$M)
$49.0
Forecast, 2030 (US$M)
$75.8
CAGR, 2024 - 2030
6.4%
Report Coverage
Latin America
Latin America utility locator market, 2018-2030 (US$M)
Latin America utility locator market highlights
- The Latin America utility locator market generated a revenue of USD 49.0 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, electromagnetic field was the largest revenue generating technique in 2023.
- Electromagnetic field is the most lucrative technique segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 49.0 million |
| Market revenue in 2030 | USD 75.8 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Electromagnetic field |
| Fastest growing segment | Electromagnetic field |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electromagnetic field |
| Key market players worldwide | 3M Co, Emerson Electric Co, The Toro Company, Uncle`s Ice Cream |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.8% of the global utility locator market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 383.5 million by 2030.
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Utility Locator Market Scope
Utility locator market segmentation & scope
Offering
Equipment
Services
Target
Metalic
Non-metalic
Vertical
Oil & gas
Electricity
Transportation
Water and sewage
Telecommunication
Others
Countries
U.S.
Canada
Mexico
UK
Sweden
Norway
Italy
Germany
France
Denmark
Spain
Australia
China
India
Japan
South Korea
Thailand
Brazil
Argentina
UAE
South Africa
Saudi Arabia
Kuwait
Utility Locator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America utility locator market
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