Utility Vegetation Management Market by Service (Treatment, Pre-planning & Monitoring, Reactive Repair), by Technology (Insecticides & Herbicides, Plant Growth Regulators, LiDAR, Others), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East & Africa (Egypt, South Africa, GCC, Rest of Middle East & Africa) Forecast 2024-2032
The Utility Vegetation Management Market size was valued at USD 22.87 USD Billion in 2023 and is projected to reach USD 42.62 USD Billion by 2032, exhibiting a CAGR of 9.3 % during the forecast period. UVM is the process of the main upkeep of the vegetation close to the power lines and other utility infrastructure to decrease the chance of outages and to make sure the system is reliable. This comprises methods such as trimming, pruning, and tree removal to reduce vegetation-related hazards. UVM is useful in the electricity and telecommunications sectors, where the overgrown vegetation is a threat to the infrastructure The UVM market is getting popularized as the number of extreme weather events is on the rise and there is a need for the grid infrastructure to be resilient. On the other hand, the demand for the strict use of environmentally sustainable vegetation management practices is rising and the usage of technology, for instance, LiDAR and drones, is being introduced to improve the efficiency and the precision of utility vegetation management operations.
Service:
Technology:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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