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Utility Markers Market Share

Report ID: GMI5713
Published Date: May 2023
Report Format: PDF

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Utility Markers Market Share

The major companies operating in the utility markers market include :

3M Company
Tempo Communications, Inc.
Komplex
Radiodetection Ltd
Rycom Instruments, Inc.
Seton
Berntsen International, Inc.
Trident Solutions.

Companies are adopting partnership, acquisition, and business expansion strategies to expand their geographic footprint and improve their technological products. For instance, in January 2022, Trident Solutions, Inc. announced the acquisition of LEM Products Inc. a Pennsylvania-based manufacturer of industrial identification products such as labels, tags, markers, decals, and signage. The acquisition enabled LEM to expand its safety marking & identification portfolio.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of utility markers surpassed USD 300 million in 2022 and will observe over 7% CAGR from 2023 to 2032, driven by the rising need for ensuring reduced risks of accidents and damages.

Wastewater application segment is expected to record over 10% of the industry share by 2032, owing to the growing need for marking and locating valves, plastic pipes, buried service drops, tees, conduit stubs, main/service coupling, and clean-outs.

Asia Pacific market size will record more than 10% CAGR during 2023 to 2032, due to the rising demand in China, India, Japan, and South Korea.

Some of the well-known utility marker firms include 3M Company, Tempo Communications, Inc., Komplex, Radiodetection Ltd., Rycom Instruments, Inc., Seton, Berntsen International, Inc., and Trident Solutions.