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Utility Locator Market to Grow by USD 1.93 Billion from 2024-2028, AI Driving Market Evolution Amid Rising Safety Concerns for Underground Utilities – Technavio

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NEW YORK, Oct. 21, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global utility locator market size is estimated to grow by USD 1.93 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.48%  during the forecast period.  Growing safety and security concerns regarding protection of underground utilities is driving market growth, with a trend towards increase in gas pipeline laying projects. However, highly complex and expensive retrofit operations  poses a challenge. Key market players include 3M Co., Asian Contec Ltd., Berntsen International Inc., BLOOD HOUND LLC, Emerson Electric Co., Eos Positioning Systems Inc., Fortive Corp., Geophysical Survey Systems Inc., Guideline Geo AB, Hexagon AB, MidAmerican Technology Inc., Quanta Services Inc., RYCOM Instruments Inc., SPX Technologies Inc., STC TECHNO AC LLC, SubSurface Instruments Inc., The Toro Co., Utility Tool Co., Vermeer Corp., and Vivax Metrotech Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Electromagnetic field and GPR), End-user (Oil and gas, Electricity, Transportation, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

3M Co., Asian Contec Ltd., Berntsen International Inc., BLOOD HOUND LLC, Emerson Electric Co., Eos Positioning Systems Inc., Fortive Corp., Geophysical Survey Systems Inc., Guideline Geo AB, Hexagon AB, MidAmerican Technology Inc., Quanta Services Inc., RYCOM Instruments Inc., SPX Technologies Inc., STC TECHNO AC LLC, SubSurface Instruments Inc., The Toro Co., Utility Tool Co., Vermeer Corp., and Vivax Metrotech Corp.

Key Market Trends Fueling Growth

The natural gas industry’s transition from traditional energy sources to piped gas for industrial and residential use has resulted in an increase in gas pipeline construction projects worldwide. For instance, the TAPI project, a 1,127-mile natural gas pipeline connecting Turkmenistan, Afghanistan, Pakistan, and India, is being revived to meet the gas demands of these countries. This growth in pipeline projects necessitates thorough studies and surveys to locate and mark underground utilities before construction to mitigate risks. Proper utility location using utility locator devices, such as magnetic and pipe and cable locators, is crucial to detect curb boxes, shut-off valves, iron pipe joints, and gas pipeline paths. The importance of utility location activities in preventing potential fatalities from natural gas explosions further underscores the significance of this market. Consequently, the global utility locator market is poised for growth due to the rising number of pipeline projects during the forecast period. 

The Utility Locator Market is witnessing significant trends in the subterranean facilities sector, focusing on safety and protection. Utility locating technologies are essential for identifying and managing aging infrastructure, such as piped natural gas subsurface pipelines, water pipes, telephone lines, and non-metallic utilities. Leak detection is a critical aspect of this market, with advanced utility locators using technologically advanced tools like electromagnetic field locators and ground-penetrating radar for real-time detection of leakages. Key industries include oil and gas, electricity, transportation, and telecommunications, with 5G technology driving growth in the telecommunications sector. Stringent regulations require excavation practices to use conventional tools like electromagnetic fields and GPR for locating underground utilities before digging. Leading vendors offer equipment and services, with pricing and promotions influencing market profitability. Industry influencers prioritize comprehensive research and development to meet the demands of water shortages, food security, and groundwater resources. The market is evolving rapidly, with key participants focusing on advanced utility locators and referral services to stay competitive. 

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Market Challenges

The utility locator market faces significant challenges due to high deployment costs for end-users. These costs stem from the total cost of ownership and the need for extensive worker training. Initial investments are substantial, and retrofitting and replacement work add to the expense. Utility locator devices require modifications to associated support equipment with each technological advancement, leading to additional costs and operational halts. End-users often outsource locating operations to service providers to reduce costs, decreasing demand for new utility locators and impeding market growth. Furthermore, the rapid advancement of technology in utility locator devices poses a challenge. Newer, more complex systems are expensive and may replace existing systems, potentially hindering market growth during the forecast period.The Utility Locator Market is facing several challenges in various industries such as telecommunications, oil and gas, electricity, transportation, and construction. Traditional tools like electromagnetic locators and ground-penetrating radar (GPR) are being replaced by advanced utility locators and innovative solutions like real-time detection and GPS-enabled Verifier. Stringent regulations require safe excavation practices, making it essential to accurately locate utility infrastructure like gas lines, water pipes, telephone lines, and electricity cables before digging. GPR technology, a key component of subsurface utility engineering, is evolving with the advent of 5G technology and high-speed rail projects. Leading vendors are investing in comprehensive research and development to offer profitable pricing, promotions, and referral services to meet the growing demand for utility locating solutions. Industry influencers are pushing for the adoption of digital technologies and geophysical methods to enhance excavation safety and prevent leakages in utility infrastructure. The telecommunications sector is a significant player in the utility locator market, with a focus on infrastructure development and network expansion. The market is expected to grow as the need for accurate and efficient utility locating solutions becomes increasingly important for infrastructure projects and construction sites. Overall, the utility locator market is witnessing significant technology evolution to meet the demands of various industries and ensure excavation safety.

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Segment Overview 

This utility locator market report extensively covers market segmentation by

Type 1.1 Electromagnetic field1.2 GPREnd-user 2.1 Oil and gas2.2 Electricity2.3 Transportation2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Electromagnetic field-  The Utility Locator Market refers to the industry dedicated to identifying and mapping the locations of various utility infrastructure such as water, gas, electricity, and telecommunications lines. This market is essential for construction projects and infrastructure development, ensuring the safety and efficiency of digging operations. Companies provide utility locating services using advanced technology like ground-penetrating radar and electromagnetic locators. The market is growing due to increasing infrastructure development and stricter regulations for utility safety.

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Research Analysis

The utility locator market encompasses the identification and mapping of subterranean facilities, ensuring safety and protection during excavation projects. Utility locating technologies are essential for detecting and identifying underground utilities, including piped natural gas and subsurface gas pipelines, to prevent damage and potential hazards. With aging infrastructure, the need for advanced utility locators has grown, addressing concerns over water shortages and food security. Technologically advanced tools, such as electromagnetic field detectors and Ground Penetrating Radar (GPR), are increasingly used to detect utility lines in various industries, including oil and gas, electricity, transportation, and referral services. Stringent regulations require excavation practices to employ conventional tools and technologically advanced methods to minimize the risk of damage to these critical infrastructure systems. Leak detection is another crucial application of utility locating technologies, ensuring the safety and efficiency of these essential services. The evolution of technology continues to drive innovation in utility locating, improving accuracy and efficiency while addressing the challenges of safety, cost, and regulatory compliance.

Market Research Overview

The Utility Locator Market encompasses the technologies and services used to identify and locate subterranean facilities, ensuring safety and protection during excavation and construction projects. Utility locating technologies include electromagnetic field locators, ground-penetrating radar (GPR), and advanced utility locators. These tools are essential for the detection of piped natural gas, subsurface gas pipelines, water pipes, telephone lines, and other non-metallic utilities. With aging infrastructure, water shortages, food security, and groundwater resources becoming major concerns, the utility locator market is evolving rapidly. Technologically advanced tools like real-time detection systems, GPS-enabled verifiers, and innovative solutions are increasingly being adopted for subsurface utility engineering and infrastructure projects. Stringent regulations, excavation safety, and digging practices necessitate the use of utility locating services. The oil and gas, electricity, transportation, and telecommunications sectors are major consumers of these services. With the advent of 5G technology, the telecommunications sector is expected to witness significant growth in the utility locator market. Referral services and leading vendors play a crucial role in the industry, offering equipment and services to key participants. Pricing, promotions, and industry influencers also impact market profitability. Comprehensive research and development in geophysical technologies continue to drive advancements in utility locating solutions, from conventional tools to digital technologies, for high-speed rail projects and subsurface site characterizations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeElectromagnetic FieldGPREnd-userOil And GasElectricityTransportationOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Scale Computing Reports Record Q3 Results with 60% YoY Growth, Outperforms Targets

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Growth Accelerates as Demand for SC//Platform Surges Among Customers and Partners Seeking VMware Alternatives and Edge Computing Solutions

INDIANAPOLIS, Oct. 22, 2024 /PRNewswire/ — Scale Computing, a market leader in edge computing, virtualization, and hyperconverged solutions, today announced record growth for the third quarter of 2024. The company saw an increase in software sales of over 60 percent year over year (YoY), more than doubling its number of new customers over the same period last year. The increased demand for both VMware alternative virtualization platforms and edge computing solutions continues to drive record company growth.

“Edge computing is driving IT transformation; AI is accelerating edge computing adoption; and both channel partners and customers are hungry to move on from VMware as they make this next leap forward. Scale Computing Platform’s unmatched capabilities and ecosystem partners empower distributed enterprises anywhere in the world and across all verticals to embrace the future of edge computing, driving efficiency, compliance, and profitability,” said Jeff Ready, CEO and co-founder of Scale Computing. “Each quarter this year, we have experienced record demand and an accelerating growth rate, which now exceeds even our highest growth forecasts. With no sign of slowing down, we’re welcoming record numbers of new customers and new partners who will continue to drive growth into 2025 and beyond.”

The company continues to expand in key vertical markets, including the retail industry. Scale Computing recently announced new edge computing customer Royal Farms, operator of fast and friendly neighborhood convenience stores with 260 locations throughout Maryland, Delaware, Virginia, Pennsylvania, West Virginia, and New Jersey. The company is transforming the landscape of IT infrastructure in the retail sector by delivering a single platform for unparalleled performance, reliability, and ease of use for the deployment, management, and growth of on-premises applications like POS, IoT, pump monitoring, video surveillance, and customer experience.

In Q3, Scale Computing released Scale Computing Migrate (SC//Migrate), a new solution designed to streamline and simplify the migration process for businesses transitioning away from VMware. The company also offers an SC//Migrate Quickstart Service with expert support to further assist in the migration process. Additionally, Scale Computing unveiled its Total Cost of Ownership (TCO) Calculator tool, a free online tool for estimating the cost savings customers can achieve across specific technology categories and server models by migrating application workloads to Scale Computing Platform (SC//Platform). TCO calculation enables customers to evaluate purchasing decisions based on the comprehensive costs of owning and operating IT infrastructure over its lifecycle or other set periods of time. The company also introduced HC3450FG, new GPU-enabled hardware for data-intensive applications and AI workloads.

Other key Q3 2024 awards, recognitions, and partnerships include:

CRN recognized Scale Computing with CRN 2024 Annual Report Card (ARC) Award for the sixth consecutive year.Scale Computing recognized as a Top 5 VMware vSphere Alternative by the Data Center Intelligence Group.CRN recognized Jeff Ready and Scott Mann on its 2024 Top 100 Executives List, with Ready named the number one IT Innovator.CRN named Scale Computing’s Autonomous Infrastructure Management Engine (AIME) a finalist in the 2024 Tech Innovator Awards in Edge Computing/Internet of Things category.Gartner recognized Scale Computing as a Sample Vendor in the 2024 Gartner® Hype Cycle™ for Data Center Infrastructure Technologies.Scale Computing and Leostream Corporation announced a joint integration delivering virtual desktop infrastructure (VDI) for distributed enterprise, SME/SMB, education, and others.Scale Computing announced a partnership with WiCom Networks to deliver a VMware alternative solution to Latin American IT Markets.The Channel Company named Scale Computing to its 2024 MES Midmarket 100 list.Scale Computing was named a finalist in CRN’s 2024 Deutschland Channel Awards.CRN named Marlena Fernandez a finalist in its Women of the Year Awards.

For more information about Scale Computing, please visit scalecomputing.com.

About Scale Computing
Scale Computing is a leader in edge computing, virtualization, and hyperconverged solutions. Using patented HyperCore™ technology, Scale Computing Platform automatically identifies, mitigates, and corrects infrastructure problems in real-time, enabling applications to achieve maximum uptime, even when local IT resources and staff are scarce. Edge Computing is the fastest-growing area of IT infrastructure, and industry analysts have named Scale Computing an outperformer and leader in the space, including being named the #1 edge computing vendor by CRN. Scale Computing’s products are sold by thousands of value-added resellers, integrators, and service providers worldwide. When ease-of-use, high availability, and TCO matter, Scale Computing Platform is the ideal infrastructure platform. Read what our customers have to say on Gartner Peer Insights, G2, and TrustRadius.

Logo – https://mma.prnewswire.com/media/2372470/Scale_Computing_logo.jpg 

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Mr. Coffee® Unveils New Express Cold Brew Coffee Maker for Faster, Bolder, Better Cold Brew at Home

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Enjoy ready-to-drink cafe-quality cold brew at home in just 10 minutes with the touch of a button – no more steeping grounds overnight.

ATLANTA, Oct. 22, 2024 /PRNewswire/ — Mr. Coffee®, a leader in at-home coffee brewing, is launching the Mr. Coffee Express Cold Brew Coffee Maker, a convenient, cordless cold brew maker that rapidly brews ready-to-drink coffee in just 10 minutes. With cold brew coffee popularity up 300% since 2016*, this innovative cold brew maker is the perfect solution for fast and delicious coffee at home. Unlike traditional cold brew coffee makers that require overnight steeping, the Mr. Coffee Express Cold Brew Coffee Maker uses a unique vacuum-powered brewing system, making it easier than ever to enjoy bold, flavorful cold brew at a fraction of the cost of your favorite coffee shop. Simply add coffee grounds, ice, and water, push a button, and get ready to drink perfectly chilled cold brew at home or on the go.

“We designed the Mr. Coffee Express Cold Brew maker for our consumers who are looking for quick, easy and great-tasting cold brew coffee,” said Julien McCluney, VP of Global Brand Management, Kitchen at Newell Brands. “Whether you’re a cold brew connoisseur or just love a great-tasting and convenient cold coffee, with the Express Cold Brew’s innovative cord-free design and fast brewing time, coffee lovers can now enjoy smooth, balanced cold brew anytime and anywhere they like” 

Mr. Coffee® Unveils New Express Cold Brew Coffee Maker for Faster, Bolder, Better Cold Brew at Home

The Mr. Coffee Express Cold Brew Coffee Maker features a rechargeable battery that powers 15 or more brew cycles on a single charge. The detachable carafe allows for seamless storage of leftover cold brew, while its compact, collapsible design is easy to clean and fits perfectly on countertops, in cabinets, or even in suitcases for on-the-go use.

For over 50 years, Mr. Coffee has been helping coffee lovers create their favorite beverages at home. The Express Cold Brew now makes it easier and better than ever to enjoy full-flavored cold brew at home.

The Mr. Coffee Express Cold Brew Coffee Maker comes in three colors – Indigo, Oat Milk, and Sake Grey – and can be purchased now (MSRP: $109.99) at Kohl’s and on Amazon starting Friday, Nov. 1. For more information and brewing inspiration, visit mrcoffee.com and follow Mr. Coffee on Facebook, Instagram and TikTok.

About Mr. Coffee®
Mr. Coffee has been brewing great tasting coffee in the comfort of people’s homes since 1970. Mr. Coffee continues to offer premium, easy-to-use coffee makers for coffee lovers of all types. The brand’s product portfolio includes a range of options — make great tasting iced coffee with the Mr. Coffee iced coffee makers, espresso-based drinks with a Mr. Coffee espresso machine, or single-serve beverages with a variety of at-home systems, and more.

About Newell Brands
Newell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie®, Graco®, Coleman®, Rubbermaid Commercial Products®, Yankee Candle®, Paper Mate®, FoodSaver®, Dymo®, EXPO®, Elmer’s®, Oster®, NUK®, Spontex® and Campingaz®. Newell Brands is focused on delighting consumers by lighting up everyday moments.

This press release and additional information about Newell Brands are available on the company’s website, www.newellbrands.com.

*According to NCA’s fall 2023 National Coffee Data Trends (NCDT) report.

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Trend Micro ZDI Hosts Hacking Contest for Vulnerabilities in AI-Enabled Devices

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Pwn2Own Ireland underscores Trend’s commitment to securing AI innovations

DALLAS, Oct. 22, 2024 /PRNewswire/ — Global cybersecurity leader Trend Micro Incorporated (TYO: 4704; TSE: 4704) has invited hackers from around the globe to the first ever Pwn2Own Ireland competition sponsored by Meta, Synology, and QNAP. As cybercriminals increasingly focus on using consumer devices to gain access to enterprise networks, participants in the contest will uncover exploits and unpatched vulnerabilities in widely used AI-enabled hardware and software. Cash prizes are awarded for disclosing vulnerabilities, enabling vendors to patch them and Trend to protect its customers an average of 70 days ahead of the industry.

Discoveries made at Pwn2Own allow enterprises to reduce cyber risks that they otherwise could not effectively oversee.

Kevin Simzer, COO at Trend: “Enterprise security is not limited to enterprise devices. Remote work, bring-your-own-device policies, and sprawling corporate networks mean that consumer devices are critical entry points for both employees and cybercriminals. This makes it more difficult than ever for security leaders to understand and secure their organization’s highly complex attack surfaces. Our market-leading bug bounty program offers cash prizes to researchers who can find vulnerabilities before the bad guys do, improving security for both our enterprise customers and the entire industry. Pwn2Own is our key to protecting customers weeks or even months in advance, and we remain committed to hosting these events year-round.”

The proliferation of generative AI tools has created new attack paths for threat actors who can abuse these tools to damage infrastructure, infiltrate cloud networks, steal sensitive data and rapidly generate convincing deepfakes to perpetrate fraud. Consumer devices that use local AI tools may also pose risks to enterprise security even when not connected to internal networks due to information being saved locally or elsewhere by AI tools.

The contest, hosted by the Trend Micro Zero Day Initiative™, will reward researchers for disclosing vulnerabilities in seven categories: Mobile Phones, Messenger Apps, The SOHO (Small Office/Home Office) Smashup, Surveillance Systems, Home Automation Hubs, Printers, Smart Speakers, and Network Attached Storage (NAS) Devices. AI will play roles for both attack and defense as Trend implements researchers’ discoveries into its threat intelligence database in real time.

Dustin Childs, Head of Threat Awareness at Trend’s Zero Day Initiative: “Rapid adoption of AI tools combined with widespread use of consumer devices on enterprise networks is presenting organizations around the world with the challenge of reducing risks that they can’t easily oversee. Vulnerabilities in these devices and programs are inevitable, but we’re here to find them before threat actors do. In doing so, we reduce risk for all parties—employees, enterprises, partners, and the public—without having to place a greater burden on security staff or budgets.”

To address the speed and diversity of threats and risks facing global enterprises, Trend has invested heavily in its flagship Trend Vision One™ platform, delivering industry-first security for AI services as well as the people using them. Other platform innovations in 2024 include deepfake detection, native protection for AI PCs, security for AI datacenters and the development of AI integrations, protection of AI deployments for enterprises and governments and more to come.

Trend upholds a robust responsible AI model and believes that all security vendors have a responsibility to ensure technologies are developed and used in ways that are ethical, transparent and accountable.

Pwn2Own Ireland is being held in Cork from October 22-25, 2024.

To learn more about Pwn2Own and Trend Micro’s Zero Day Initiative, visit: https://www.zerodayinitiative.com/blog/2024/10/22/pwn2own-ireland-the-full-schedule

About Trend Micro 
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fuelled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s AI-powered cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, Trend’s platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 70 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com.

 

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