PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279768
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279768
Global Utility Vegetation Management Market is valued at approximately USD 22.87 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2022-2029. Vegetation management is the process of weeding out and removing unsuitable vegetation, such as shrubs, trees, and branches. Such vegetation seriously affects cities and the caliber of services offered by damaging assets like power lines, trains, and other infrastructure. The safe removal of transmission lines and analysis of plant growth are both included in utility vegetation management. Factors such as extreme weather events, coupled with the increase in mileage of power lines to enhance power are contributing towards the market growth across the globe.
In addition, the rising adoption of advanced pruning methods for minimum impact on the ecosystem is bolstering the market growth. in November 2022, AiDash announced a strategic investment of USD 10 million from SE Ventures, backed by Schneider Electric. AiDash is a provider of satellite and AI-powered operations, maintenance, and sustainability solutions. The money is likely to use in the improve its vertical SaaS solutions powered by artificial intelligence (AI), such as Intelligent Vegetation Management systems, and satellite technology. The rising advancement in technologies for planning ahead and monitoring vegetation management is expected to impel market growth. Moreover, rising investment in the development of advanced technology, as well as the emergence of monitoring technologies is presenting various lucrative opportunities over the forecasting years. However, the high costs of vegetation management and the dearth of skilled professionals are challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Utility Vegetation Management Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the high spending vegetation management services and solutions, along with the increasing industrial development. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rapid expansion of transmission lines in the region, growing infrastructure development, and increasing the electric infrastructure development in the market space.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable