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Global Utility Vegetation Management Market to reach USD 39.59 billion by the end of 2029.

Global Utility Vegetation Management Market Size study & Forecast, by Service (Treatment, Pre-planning and Monitoring, Reactive Repair) by Technology (Insecticides & Herbicides, Plant Growth Regulators, LiDAR, Others) and Regional Analysis, 2022-2029

Product Code: ENGE-31973795
Publish Date: 13-05-2023
Page: 200

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.

Major market players included in this report are:
Corteva (U.S.)
NM Group (U.S.)
Boultbee Vegetation Management (U.S.)
Helena Professional Products (U.S.)
Iapetus Infrastructure Services (U.S.)
Leidos (U.S)
TRC Companies, Inc (U.S.)
Capgemini (France)
IBM (U.S.)
Recent Developments in the Market:
Ø In August 2022, The Trees & Lines podcast, which shares expert perspectives on the future of the vegetation management utility business, was introduced by Lapetus Infrastructure Services. The goal of the programme is to promote the best practices in utility vegetation management. (UVM).
Ø In August 2022, Iapetus Infrastructure Services released the Trees & Lines program, which focuses on analysis of the future of the UVM sector.

Global Utility Vegetation Management Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Service, Technology, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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:

By Service:
Pre-planning and Monitoring
Reactive Repair
By Technology:
Solo Entrepreneurs & Individuals
Micro, Small & Medium Enterprises

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Utility Vegetation Management Market, by Region, 2019-2029 (USD Billion)
1.2.2. Utility Vegetation Management Market, by Service, 2019-2029 (USD Billion)
1.2.3. Utility Vegetation Management Market, by Technology, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Utility Vegetation Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Utility Vegetation Management Market Dynamics
3.1. Utility Vegetation Management Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising adoption of advanced pruning methods for minimum impact on the ecosystem Increase in mileage of power lines
3.1.2. Market Challenges High costs of vegetation management Dearth of skilled proffesioanls
3.1.3. Market Opportunities Rising investment in the development of advanced technology Emergence of monitoring technologies
Chapter 4. Global Utility Vegetation Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Utility Vegetation Management Market, by Service
6.1. Market Snapshot
6.2. Global Utility Vegetation Management Market by Service, Performance – Potential Analysis
6.3. Global Utility Vegetation Management Market Estimates & Forecasts by Service 2019-2029 (USD Billion)
6.4. Utility Vegetation Management Market, Sub Segment Analysis
6.4.1. Treatment
6.4.2. Pre-planning and Monitoring
6.4.3. Reactive Repair
Chapter 7. Global Utility Vegetation Management Market, by Technology
7.1. Market Snapshot
7.2. Global Utility Vegetation Management Market by Technology, Performance – Potential Analysis
7.3. Global Utility Vegetation Management Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
7.4. Utility Vegetation Management Market, Sub Segment Analysis
7.4.1. Insecticides & Herbicides
7.4.2. Plant Growth Regulators
7.4.3. LiDAR
7.4.4. Others
Chapter 8. Global Utility Vegetation Management Market, Regional Analysis
8.1. Utility Vegetation Management Market, Regional Market Snapshot
8.2. North America Utility Vegetation Management Market
8.2.1. U.S. Utility Vegetation Management Market Service breakdown estimates & forecasts, 2019-2029 Technology breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Utility Vegetation Management Market
8.3. Europe Utility Vegetation Management Market Snapshot
8.3.1. U.K. Utility Vegetation Management Market
8.3.2. Germany Utility Vegetation Management Market
8.3.3. France Utility Vegetation Management Market
8.3.4. Spain Utility Vegetation Management Market
8.3.5. Italy Utility Vegetation Management Market
8.3.6. Rest of Europe Utility Vegetation Management Market
8.4. Asia-Pacific Utility Vegetation Management Market Snapshot
8.4.1. China Utility Vegetation Management Market
8.4.2. India Utility Vegetation Management Market
8.4.3. Japan Utility Vegetation Management Market
8.4.4. Australia Utility Vegetation Management Market
8.4.5. South Korea Utility Vegetation Management Market
8.4.6. Rest of Asia Pacific Utility Vegetation Management Market
8.5. Latin America Utility Vegetation Management Market Snapshot
8.5.1. Brazil Utility Vegetation Management Market
8.5.2. Mexico Utility Vegetation Management Market
8.5.3. Rest of Latin America Utility Vegetation Management Market
8.6. Rest of The World Utility Vegetation Management Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Corteva (U.S.) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. NM Group (U.S.)
9.2.3. BASF SE (U.S.)
9.2.4. Boultbee Vegetation Management (U.S.)
9.2.5. Helena Professional Products (U.S.)
9.2.6. Iapetus Infrastructure Services (U.S.)
9.2.7. Leidos (U.S)
9.2.8. TRC Companies, Inc (U.S.)
9.2.9. Capgemini (France)
9.2.10. IBM (U.S.)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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