Lucintel’s latest market report analyzed that utility provides attractive opportunities in the gas, telecommunication, water, power, and wastewater applications. The utility marker market is expected to reach $485.3 million by 2028 with a CAGR of 7%. In this market, ball marker is the largest segment by product type, whereas telecommunication is largest by utility type.
Based on product type, the utility marker market is segmented into all markers, disk markers, tape markers, and others. The ball marker segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because these markers possess self-levelling capabilities, which remains horizontal no matter where they are placed in the ground.
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The Utility Marker Market is marked by the presence of several big and small players. Some of the prominent players offering utility include 3M, Tempo Communications, Komplex, Hexatronic, and Radiodetection.
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