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Global Underground Tracer Wire Market InsightFebruary 7, 2022 Comments
The Underground Tracer Wire is forecast to stable increase over the next few years. According to the WK-chem Research “Global Underground Tracer Wire Professional Survey Report 2022, Forecast to 2027”, With the rapid improvement of Telecommunications industry and the impact of the COVID-19, the Chemistry & Materials industry is developing at an rise speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 3.53% base on WK-chem Research regression analysis model.
“Underground tracer lines, also known as locating lines, are widely used to trace and locate underground piping systems in an accurate manner..” said Aggie, Senior analyst, Chemistry & Materials Market Research Center in WK-chem Research. “increase its performance to adapt to the rapid development of the market.”
Underground tracer lines, also known as locating lines, are widely used to trace and locate underground piping systems in an accurate manner. During installation, wires were placed next to the pipes in order to leave a mark to help locate them for safe excavation later. Modern plumbing installations often involve the use of non-metallic plumbing materials, which makes them difficult to locate using magnetic resonance. By installing underground tracer lines, the work environment for excavators and owners is safer when future excavation work is required. Tracer wires are commonly used in various utility industries such as water, sewer, natural gas, and fiber optics. The line can also be used in irrigation systems, golf course sprinkler systems and directional drilling applications.
Engineers, contractors and anyone else can quickly locate pipes or lines to resolve any difficulties that lead to the need for Tracer Wires. In addition to this, Tracer Wires saves business costs because after the wire is identified, Crews can begin more precise digging to reach the pipe for maintenance, repair or replacement, and there is a significant reduction in site damage, which is driving the demand for Tracer Wires Even.
Tracer Wires offer many benefits such as lower material costs, longer and more stable pricing, reduced threat of theft due to lack of aftermarket value, double the breaking strength, high durability that helps extend wire life, and Low maintenance and disposal costs, as these wires feature lightweight materials, which further increases the need for tracer wires. Although it has many key drivers, there are also some restraining factors that will affect the growth of this market. The high initial cost of these wires may affect the growth of this market
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Underground Tracer Wire companies that include Tapex Group、Copperhead Industries、Domtech Inc、Southwire Company、Kris-Tech Wire、Performance Wire 、 Cable Inc、Kalas Manufacturing、Tracer Wire Technologies、Agave Wire.
Segmentation of Underground Tracer Wire Market:
Based on product type, the market is segmented into pure copper, copper-clad steel, stainless steel, and high molecular weight polyethylene. High molecular weight polyethylene is the main part because high molecular weight polyethylene has high density, strong mechanical strength to resist abrasion. It is resistant to many organic solvents as well as chemically concentrated acids and bases. Due to its extremely low moisture absorption, HDPE is also water and moisture resistant. High molecular weight polyethylene has better mechanical and environmental quality, has a long service life in underground conditions, and works well in detecting and tracking underground utility lines.
On the basis of application, the market is segmented into natural gas industry, water and wastewater industry, power industry, telecommunications industry, and others. The water and wastewater industry accounted for the largest revenue share in 2020 and is also expected to witness the highest CAGR from 2021 to 2028. Water is an essential and most needed need for any home, which is why tracer lines are used heavily in the water and wastewater industry to allow workers to perform accurate excavation and efficient work without disrupting another environment.
Underground Tracer Wire Market: Regional Analysis
In terms of geography, the global Underground Tracer Wire market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.North America is the major region for the global tracer wire market as it may have the largest pipeline maintenance market due to its large pipeline installation capacity and government regulations. The United States has the largest pipeline network in the world and uses Tracer Wires heavily
Largest share area：North America
Largest share country：the Unite States
Product Type：Pure copper, copper clad steel, stainless steel and high molecular weight polyethylene.
Application：natural gas industry, water and wastewater industry, power industry, telecommunications industry, and others.Leading Company：Tapex Group、Copperhead Industries、Domtech Inc、Southwire Company、Kris-Tech Wire