Electronic Marker Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Electronic Marker Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : June, 2020 | Industrial | PPT format

Report Digest


Electronic Marker: Introduction

An Electronic Marker makes it convenient to permanently label, classify and locate the underground service properties in a unique way. Without the requirement of batteries needed to power up, Electronic Markers ensure the proper installation of utilities buried in the ground such as telephone cables or manholes, gas pipes, water pipes or valves, contact points or other essential buried resources remain traceable for decades.

Electronic Markers enables the job of identifying underground facilities accurately. Unlike surface markers such as poles, flags or paint, road resurfacing, overgrown vegetation or vandalism does not affect Electronic Markers and cannot be washed away by rain. Electronic Markers enable precise location of critical underground infrastructure such as service switches, conduit stubs, splices, fiber optic systems, and pipe and cable routes, even in the worst of traffic. Such factors are anticipated to driver the Electronic Marker market during the forecast period.

Electronic Marker: Market Dynamics

The continuous demand for power in the industrial vertical plays a crucial role in the adoption of Electronic Markers.  A key factor driving the market growth is that Electronic Markers help save time and money for telecommunications companies by enabling utility field crews to easily identify the location of all forms of buried facilities including buried splices, fiber-optic, service drops and manholes. Throughout building, deployment and maintenance, Electronic Markers effectively eliminate the time consuming hunt for missing installations and buried facilities by field teams, which in turn saves maintenance time and avoids the costs of incomplete excavations.

One of the primary challenges encountered by the Electronic Marker market is the high initial cost of the device which basically depends on the power level, scale, and applications in which they are used. Many buried Electronic Markers can be disturbed or poorly mounted by backfill soil, so that they do not remain correctly placed. This might also hinder the Electronics Marker market growth over the forecast period.

An opportunistic factor in the market is integration of GPS devices with the Electronic Markers. This in turn could upload specific asset details to GIS mapping systems like GPS co-ordinates, providing a detailed map of underground facilities. There could be major direct and indirect costs of unintended damage to underground infrastructure such as fiber-optic cables or plastic pipes. The presence of Electronic Markers reduce the likelihood that buried infrastructure that might experience unintended damage during excavation. Electronic Markers could process even in the presence of metal conduits or pipes, metallic conductors, barriers, AC power lines and other utility Electronic Markers.

A recent ongoing trend in the Electronic Marker market is that during construction or repairs, the Electronic Marker is buried over the primary facilities. The locator sends a signal to the buried Electronic Marker, which in turn, returns the signal to the locator indicating the exact location. The lightweight locator provides visual reading as well as audible sound.

COVID-19 Impact Assessment on the Electronic Marker Market

In light of the recent coronavirus pandemic, prominent impact on the Electronic Marker market is anticipated to grow in surveillance activities whereas due to slowdown in construction the growth will be impaired during this global crisis. Based on early indicators from the first quarter, a significant slowdown in spending is expected during the first half of 2020 as the crisis reverberates through all sectors of the economy. The outlook for the second half of the year, and beyond, remains uncertain as the scope of the virus and its impact on production, supply chains, and demand will determine when the recovery phase begins and how quickly it progresses.

Electronic Marker: Market Segmentation

Based on Product type, the Electronic Market can be segmented into:

  • Underground networks and devices Marker
  • Route Markers
  • Smart Markers

Based on Range, the Electronic Market can be segmented into:

  • Full Range Markers
  • Mid-Range Markers
  • Ball Markers
  • Near surface Markers

Based on Application, the Electronic Market can be segmented into:

  • Passive Electronic Markers
  • RFID Electronic Markers

Based on End Use Industry, the Electronic Market can be segmented into:

  • Telecommunications Industry
  • Power Industry
  • Water Industry
  • Wastewater Industry
  • Gas Industry
  • Cable TV and communications
  • General purpose and reclaimed water

Electronic Marker: Regional Outlook

North America is anticipated to hold a significant share in the global Electronic Marker market on account of the rapid development in the power industry of countries like the U.S. and Canada. Asia Pacific is expected to hold a lion’s share of the Electronic Marker market as a result of the growing R&D in proteomics and genomics study.  It is expected that the growing demand from developing economics like China and India along with the implementation of upcoming projects would drive the market growth. Due to increased industrialization in countries such as Brazil and Mexico, the Latin America Electronic Marker market is projected to expand at a healthy rate over the forecast period. In addition, increasing demand for variable frequency drive across major end-use industries including iron and steel, chemical, oil and gas, and automotive is also expected to drive the Electronic Marker market

Electronic Marker: Market Participants

Some of the key market participants in the global Electronic Marker market are:

  • 3M
  • Stanlay
  • Eastcom Associates Inc.
  • Telemark Solutions™
  • RJM Equipment Sales
  • VertMarkets, Inc.
  • Seliton E
  • Safe Locate Solutions
  • UTILICOM
  • Radiant Technology

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.