Hydro Vacuum Excavation Service Market Analysis in United States is Expected to Reach USD 1.18 Bn by 2034: Fact.MR
Stringent Occupational Safety and Environmental Regulations in the United States Driving Demand for Hydro Vacuum Excavation Services
ROCKVILLE, MD, UNITED STATES, December 5, 2024 /EINPresswire.com/ -- Revenue from hydro vacuum excavation services in the United States is estimated at US$ 797.7 million in 2024 and is projected to reach a market value of US$ 1.18 billion by the end of 2034. The U.S. market is forecasted to create an absolute $ opportunity of US$ 381.9 million from 2024 to 2034.Hydro vacuum excavation uses pressurized water and a powerful vacuum to dig and remove soil from a site. It is also known as hydro excavation, hydro digging, or potholing. The construction sector in the United States relies heavily on hydro vacuum excavation services, as they help in locating underground utilities, trenching, slot cutting, debris removal, and landscaping.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9770
Hydro vacuum excavation minimizes the risk of damaging underground pipes, cables, or other structures. Hydro vacuum excavation is also more precise and efficient than conventional digging methods, as it removes only the required amount of soil. These services are in alignment with stringent occupational safety regulations in the United States, as the procedure entails reduced exposure to dust, noise, and vibration.
Despite its advantages, hydro vacuum excavation also faces some challenges in the United States. The availability and cost of water may vary depending on the location and season. Another challenge is the disposal of the excavated material, which may contain contaminants or require special treatment. Hydro vacuum excavation encounters technical difficulties, such as clogging of hoses or nozzles or freezing of water in cold weather.
Key Takeaways from Market Study
Sales of hydro vacuum excavation services are projected to increase at a CAGR of 3.9% from 2024 to 2034 in the United States.
In 2019, revenue from hydro vacuum excavation services reached of US$ 693.2 million.
The market in the United States increased at a CAGR of8% from 2019 to 2023.
By application, the construction segment accounted for a market share of 36% in 2023.
Demand for vehicle or equipment rental only services is projected to rise at 3.9% CAGR through 2034, creating an absolute $ opportunity of US$ 48.6 million from 2024 to 2034.
“The United States government is undertaking initiatives to upgrade the country’s infrastructure, which is opening up lucrative opportunities for hydro vacuum excavation providers. Non-destructive excavation methods are in demand due to the presence of complex underground networks in the country. Strict regulations governing occupational safety and environmental sustainability are driving the need for hydro vacuum excavation services in the country,” says a Fact.MR analyst.
Market Growth Stratagems
Prominent hydro vacuum excavation service providers in the United States include ACVenviro, Badger Daylighting, Clean Harbors, Cleanco Systems, cloud9service, LLC, Ground Penetrating Radar Systems, LLC, Guzzler Manufacturing, Kinetic Energy Services, MacQueen Equipment, and McVac Environmental Inc.
Market players are focusing on targeted marketing for specific industries or regions, diversification of services to attract a broader client base, forming strategic partnerships with construction or utility companies, and educating potential clients about the benefits of hydro vacuum excavation.
Maintaining a fleet of well-maintained, reliable equipment and establishing a strong online presence with a user-friendly website and online booking platform are crucial. These strategies collectively aim to drive business growth, enhance customer satisfaction, and maintain a competitive edge in the industry.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=9770
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased sales analysis of hydro vacuum excavation services in the United States, presenting historical market data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals essential insights based on service type (vehicle or equipment rental only, contract services) and application (utility & municipal, telecommunication, construction, mining), across key parts of the United States (North East, South West, West, Southeast, and Midwest).
Explore More Studies Published by Fact.MR Research:
Tool Rental Market: Size is expected to be worth US$ 54.7 billion in 2023 up from US$ 52.5 billion in 2022 and the market is expected to grow at a rate of 4.2% during the forecast period.
Excavator Rental Market: Size is projected to grow from US$ 6 Billion in 2023 to US$ 9.6 Billion by 2033-end, growing at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2023 to 2033.
About Fact.MR:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
S. N. Jha
Fact.MR
+1 628-251-1583
sales@factmr.com
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
