Utility Markers Market Size and Trends

The utility markers market size is expected to reach US$ 7.72 Bn by 2030, from US$ 4.53 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 7.9% during the forecast period. Utility markers are used to identify underground infrastructure such as electric cables, gas pipelines, water pipes, and telecommunication cables. They help in preventing damage and accidents during excavation and construction activities. Some key advantages of utility markers are easy identification, durability, and cost-effectiveness. Expanding utility infrastructure and government regulations regarding safety are the major factors driving the utility markers market.

Utility Markers Market Trends:

Growing adoption of RFID markers: Radio frequency identification (RFID)-enabled utility markers are gaining rapid adoption due to advanced real-time tracing, tracking and data storage capabilities. RFID markers provide visual markings along with transmitting signals that can be detected remotely. They enable accurate 3D mapping and locationing. Construction companies and utilities are moving towards RFID markers for optimal utilization.
Use of robust materials: Manufacturers are developing utility markers made using robust, durable materials to meet the challenges of different environmental conditions. Markers made by using reinforced plastics, heavy metal alloys, and composite materials offer high strength and longevity. R&D is focused on materials that can withstand high impact, abrasion, chemicals and extreme temperatures.
Implementation of safety standards: Lack of universal safety standards for underground utilities has led to an increasing emphasis on implementing standardized best practices for utility marking and damage prevention. Companies are adhering to established standards such as the Guidelines for Uniform Temporary Marking of Underground Facilities and ASCE 38-02 for marking procedures. Common standards ensure marking legibility and accuracy.
Sustainable manufacturing: Creating eco-friendly biodegradable utility markers using recycled materials is an emerging trend. Manufacturers are increasing the use of recycled plastics, reclaimed wood, and biopolymers from sustainable sources to reduce carbon emissions and energy consumption during production. They are also developing non-toxic utility marker inks to prevent soil pollution. These steps align with environmental goals.