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Utility Vegetation Management Market Report Scope & Overview:

The Utility Vegetation Management Market size was valued at USD 24.33 billion in 2022 and is expected to grow to USD 43.07 billion by 2030 and grow at a CAGR of 7.4 % over the forecast period of 2023-2030.

Utility vegetation management, in its simplest form, refers to a number of procedures that help utilities remove undesirable and dangerous vegetation from structures, electricity lines, and other assets. Tree damage may have a large financial impact on towns by affecting electrical lines, resulting in fires and power outages. In addition to obstructing basic utilities, overgrown vegetation also provides a haven for bugs and other dangerous species.

Utility Vegetation Management Market Revenue Analysis

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Communities may suffer when vegetation grows too close to infrastructure, such as electricity lines, generators, railroads, and other assets, leading to service interruptions and safety issues. For improved safety and convenience, it's crucial to manage the vegetation around roads, railroads, and industrial areas. Additionally, invasive plant species can harm property's structural integrity and provide serious safety risks if the plants,

MARKET DYNAMICS

KEY DRIVERS:  

  • Extreme weather conditions will increase demand for market expansion

The likelihood of trees outside the right-of-way falling into and tripping electrical power lines rises with the frequency and severity of major weather catastrophes. This has made prompt corrective action even more necessary. Additionally, this has strengthened routine maintenance services for utility vegetation control.

Storms hit various areas of Canada in November 2022, including Vancouver and Langley. Nearly 330,000. People lost electricity due to the storm's powerful winds and rainfall that uprooted trees that had been weakened by the drought over the summer and autumn. Utility vegetation management businesses are seeing increased demand for their reactive repair service.

RESTRAIN:

  • High cost of vegetarian management.

OPPORTUNITY: 

  • Safety Enhancement

  • Enhanced Reliability

Utility companies can reduce the danger of power outages brought on by trees and other vegetation coming into touch with power lines by employing efficient UVM practises. Inspections, trimming, and removal of vegetation on a regular basis may greatly increase the dependability of utility infrastructure.

CHALLENGES:

  • Difficult to strike a balance between the requirement for vegetation management and environmental preservation

  • Public Relations and Community Engagement

Removing or pruning trees may be a divisive topic in localities. Residents may be worried about the use of herbicides, the aesthetic impact, or habitat loss. To overcome these issues and keep the public's trust, effective communication, public education, and community involvement are essential.

IMPACT OF RUSSIAN UKRAINE WAR

The price rise by 12% over the previous year, showing the company's ongoing execution of its price for value strategy and recovery of increased input costs. Volume decreased by 1% from the same period last year, mostly due to fewer Pioneer maize supplies in North America, the decision to leave Russia, the conflict in Ukraine, rainy weather, and low pest pressure in Asia Pacific, as well as these factors and others.

  A $3 profit related to the sale of seeds that were already being produced in Russia when the decision to leave the country was taken and that the Company was legally obligated to buy is included in the fourth quarter of 2022. It comprises of $5 in cost of goods sold and $8 in net sales. A benefit (charge) of $(32), $15, and $(2) is included in the third quarter of 2022 for actions connected to the 2022 Restructuring Actions, which comprise, respectively, inventory write-offs, business sale gains, and settlement expenses for the Russia Exit. During the second quarter of 2022, there will be charges of $1, $5, and $6 linked to the 2022 Restructuring Actions, which comprise inventory write-offs relating to the withdrawal from Russia and a loss on the exit of settlement expenses related to the Russia withdrawal and loss on the withdrawal of a non-strategic asset, respectively.

KEY MARKET SEGMENTS

By Service

  • Treatment

  • Pre-planning and Monitoring

  • Reactive Repair

By Technology

  • Insecticides & Herbicides

  • Plant Growth Regulators

  • LIDAR

  • Others

Utility Vegetation Management Market Segmentation Analysis

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REGIONAL ANALYSIS 

North America has the majority of the market share for utility vegetation management due to its large expenditure on vegetation solutions and services for management. Electric utilities in the United States spend roughly USD 7 billion annually on utility vegetation management services and solutions, according to Leidos' Commercial Energy.

Germany controlled the European market in 2021, due to its technical advancements, including a satellite-based vegetation monitoring system. The medium-voltage network's satellite-based vegetation monitoring system for the Earth Observation business Live and the German grid operator EDIS was launched in August 2021. The technical developments made in the nation are reshaping the European market environment.

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

RECENT DEVELOPMENT

  • In August 2022 the Trees & Lines podcast was started by Lapetus Infrastructure Services to share professional perspectives on the utility industry's future in vegetation management. The goal of the podcast is to promote the best utility vegetation management (UVM) practises.

  • August 20, 2022 Lapetus Infrastructure Services has started a podcast called Trees & Lines that focuses on analysis of the UVM industry's future.

  • In the collaborative project "ROMIEOY," LiveEO and long-range drone maker FuVeX showed how their technologies complement UVM.

  • April 2021 - As part of its efforts to put a stop to wildfires, the California Public Utilities Commission (CPUC) ordered the Pacific Gas and Electric Company (PG&E) to take corrective action and prioritise removing vegetation near its highest-risk power lines. This interaction marked the beginning of PG&E heightened supervision enforcement procedure to put the remedial measures into effect and guarantee enhanced safety performance.

KEY PLAYERS 

Corteva (U.S), NM Group (U.S.), BASF SE (U.S.), Boultbee Vegetation Management (U.S.), Helena Professional Products (U.S.), lapetus Infrastructure Services (U.S.), Leidos (U.S), TRC Companies, Inc (U.S.), Capgemini (France), IBM (India), Gyient (U.S.), GETAC (Taiwan), ArborSystems, Inc. (U.S.) and other players are listed in a final report.

Boultbee Vegetation Management (U.S.)-Company Financial Analysis

Company Landscape Analysis

Utility Vegetation Management Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 24.33 Bn
Market Size by 2030  US$ 43.07 Bn
CAGR   CAGR of 7.4% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Service (Treatment, Pre-planning and Monitoring, Reactive Repair)
• By Technology (Insecticides & Herbicides, Plant Growth Regulators, LIDAR, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Corteva (U.S), NM Group (U.S.), BASF SE (U.S.), Boultbee Vegetation Management (U.S.), Helena Professional Products (U.S.), lapetus Infrastructure Services (U.S.), Leidos (U.S), TRC Companies, Inc (U.S.), Capgemini (France), IBM (India), Gyient (U.S.), GETAC (Taiwan), ArborSystems, Inc. (U.S.)
Key Drivers • Extreme weather conditions will increase demand for market expansion
Market Restraints • High cost of vegetarian management.

 

Frequently Asked Questions

Ans: Utility Vegetation Management Market is anticipated to expand by 7.4 % from 2023 to 2030.

Ans:  USD 43.07 billion is expected to grow by 2030.

Ans: Utility Vegetation Management Market size was valued at USD 24.33 billion in 2022

Ans: North America is dominating the market.

Ans: Difficult to strike a balance between the requirement for vegetation management and environmental preservation and Public Relations and Community Engagement.

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Utility Vegetation Management Market Segmentation, By Service
8.1 Treatment
8.2 Pre-planning and Monitoring
8.3 Reactive Repair

9. Utility Vegetation Management Market Segmentation, By Technology
9.1 Insecticides & Herbicides
9.2 Plant Growth Regulators
9.3 LIDAR
9.4 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Utility Vegetation Management Market by Country
10.2.2North America Utility Vegetation Management Market by Service
10.2.3 North America Utility Vegetation Management Market by Technology
10.2.4 USA
10.2.4.1 USA Utility Vegetation Management Market by Service
10.2.4.2 USA Utility Vegetation Management Market by Technology
10.2.5 Canada
10.2.5.1 Canada Utility Vegetation Management Market by Service
10.2.5.2 Canada Utility Vegetation Management Market by Technology
10.2.6 Mexico
10.2.6.1 Mexico Utility Vegetation Management Market by Service
10.2.6.2 Mexico Utility Vegetation Management Market by Technology
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Utility Vegetation Management Market by Country
10.3.1.2 Eastern Europe Utility Vegetation Management Market by Service
10.3.1.3 Eastern Europe Utility Vegetation Management Market by Technology
10.3.1.4 Poland
10.3.1.4.1 Poland Utility Vegetation Management Market by Service
10.3.1.4.2 Poland Utility Vegetation Management Market by Technology
10.3.1.5 Romania
10.3.1.5.1 Romania Utility Vegetation Management Market by Service
10.3.1.5.2 Romania Utility Vegetation Management Market by Technology
10.3.1.6 Hungary
10.3.1.6.1 Hungary Utility Vegetation Management Market by Service
10.3.1.6.2 Hungary Utility Vegetation Management Market by Technology
10.3.1.7 Turkey
10.3.1.7.1 Turkey Utility Vegetation Management Market by Service
10.3.1.7.2 Turkey Utility Vegetation Management Market by Technology
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Utility Vegetation Management Market by Service
10.3.1.8.2 Rest of Eastern Europe Utility Vegetation Management Market by Technology
10.3.2 Western Europe
10.3.2.1 Western Europe Utility Vegetation Management Market by Country
10.3.2.2 Western Europe Utility Vegetation Management Market by Service
10.3.2.3 Western Europe Utility Vegetation Management Market by Technology
10.3.2.4 Germany
10.3.2.4.1 Germany Utility Vegetation Management Market by Service
10.3.2.4.2 Germany Utility Vegetation Management Market by Technology
10.3.2.5 France
10.3.2.5.1 France Utility Vegetation Management Market by Service
10.3.2.5.2 France Utility Vegetation Management Market by Technology
10.3.2.6 UK
10.3.2.6.1 UK Utility Vegetation Management Market by Service
10.3.2.6.2 UK Utility Vegetation Management Market by Technology
10.3.2.7 Italy
10.3.2.7.1 Italy Utility Vegetation Management Market by Service
10.3.2.7.2 Italy Utility Vegetation Management Market by Technology
10.3.2.8 Spain
10.3.2.8.1 Spain Utility Vegetation Management Market by Service
10.3.2.8.2 Spain Utility Vegetation Management Market by Technology
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Utility Vegetation Management Market by Service
10.3.2.9.2 Netherlands Utility Vegetation Management Market by Technology
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Utility Vegetation Management Market by Service
10.3.2.10.2 Switzerland Utility Vegetation Management Market by Technology
10.3.2.11 Austria
10.3.2.11.1 Austria Utility Vegetation Management Market by Service
10.3.2.11.2 Austria Utility Vegetation Management Market by Technology
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Utility Vegetation Management Market by Service
10.3.2.12.2 Rest of Western Europe Utility Vegetation Management Market by Technology
10.4 Asia-Pacific
10.4.1 Asia Pacific Utility Vegetation Management Market by Country
10.4.2 Asia Pacific Utility Vegetation Management Market by Service
10.4.3 Asia Pacific Utility Vegetation Management Market by Technology
10.4.4 China
10.4.4.1 China Utility Vegetation Management Market by Service
10.4.4.2 China Utility Vegetation Management Market by Technology
10.4.5 India
10.4.5.1 India Utility Vegetation Management Market by Service
10.4.5.2 India Utility Vegetation Management Market by Technology
10.4.6 Japan
10.4.6.1 Japan Utility Vegetation Management Market by Service
10.4.6.2 Japan Utility Vegetation Management Market by Technology
10.4.7 South Korea
10.4.7.1 South Korea Utility Vegetation Management Market by Service
10.4.7.2 South Korea Utility Vegetation Management Market by Technology
10.4.8 Vietnam
10.4.8.1 Vietnam Utility Vegetation Management Market by Service
10.4.8.2 Vietnam Utility Vegetation Management Market by Technology
10.4.9 Singapore
10.4.9.1 Singapore Utility Vegetation Management Market by Service
10.4.9.2 Singapore Utility Vegetation Management Market by Technology
10.4.10 Australia
10.4.10.1 Australia Utility Vegetation Management Market by Service
10.4.10.2 Australia Utility Vegetation Management Market by Technology
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Utility Vegetation Management Market by Service
10.4.11.2 Rest of Asia-Pacific APAC Utility Vegetation Management Market by Technology
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Utility Vegetation Management Market by Country
10.5.1.2 Middle East Utility Vegetation Management Market by Service
10.5.1.3 Middle East Utility Vegetation Management Market by Technology
10.5.1.4 UAE
10.5.1.4.1 UAE Utility Vegetation Management Market by Service
10.5.1.4.2 UAE Utility Vegetation Management Market by Technology
10.5.1.5 Egypt
10.5.1.5.1 Egypt Utility Vegetation Management Market by Service
10.5.1.5.2 Egypt Utility Vegetation Management Market by Technology
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Utility Vegetation Management Market by Service
10.5.1.6.2 Saudi Arabia Utility Vegetation Management Market by Technology
10.5.1.7 Qatar
10.5.1.7.1 Qatar Utility Vegetation Management Market by Service
10.5.1.7.2 Qatar Utility Vegetation Management Market by Technology
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Utility Vegetation Management Market by Service
10.5.1.8.2 Rest of Middle East Utility Vegetation Management Market by Technology
10.5.2 Africa
10.5.2.1 Africa Utility Vegetation Management Market by Country
10.5.2.2 Africa Utility Vegetation Management Market by Service
10.5.2.3 Africa Utility Vegetation Management Market by Technology
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Utility Vegetation Management Market by Service
10.5.2.4.2 Nigeria Utility Vegetation Management Market by Technology
10.5.2.5 South Africa
10.5.2.5.1 South Africa Utility Vegetation Management Market by Service
10.5.2.5.2 South Africa Utility Vegetation Management Market by Technology
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Utility Vegetation Management Market by Service
10.5.2.6.2 Rest of Africa Utility Vegetation Management Market by Technology
10.6 Latin America
10.6.1 Latin America Utility Vegetation Management Market by Country
10.6.2 Latin America Utility Vegetation Management Market by Service
10.6.3 Latin America Utility Vegetation Management Market by Technology
10.6.4 Brazil
10.6.4.1 Brazil Utility Vegetation Management Market by Service
10.6.4.2 Brazil Africa Utility Vegetation Management Market by Technology
10.6.5 Argentina
10.6.5.1 Argentina Utility Vegetation Management Market by Service
10.6.5.2 Argentina Utility Vegetation Management Market by Technology
10.6.6 Colombia
10.6.6.1 Colombia Utility Vegetation Management Market by Service
10.6.6.2 Colombia Utility Vegetation Management Market by Technology
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Utility Vegetation Management Market by Service
10.6.7.2 Rest of Latin America Utility Vegetation Management Market by Technology

11 Company Profile
11.1 Corteva (U.S)
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 NM Group (U.S.)
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 BASF SE (U.S.)
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Boultbee Vegetation Management (U.S.)
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Helena Professional Products (U.S.)
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 lapetus Infrastructure Services (U.S.)
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Leidos (U.S)
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 TRC Companies, Inc (U.S.)
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Capgemini (France)
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 IBM (India)
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Gyient (U.S.)
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 GETAC (Taiwan)
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
11.13 ArborSystems, Inc. (U.S.)
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Product/Services Offered
11.13.4 SWOT Analysis
11.13.5 The SNS View

12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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