Tunnel Automation Market Estimated Value of USD 5.24 Billion: Global Analysis by Tunnel Type, Industry Size, Component, Offering, Geography, Top Key Company Profiles, Trends and Forecast to 2026

“\”Tunnel Automation\””
Global Tunnel Automation Market Research Report: By Tunnel Type (Railway Tunnels, Highway and Roadway Tunnels), By Component (HVAC, Lighting & Power Supply, Signalization, Others), By Offering (Hardware, Software, Services), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Forecast to 2026

Market Analysis:

The Global Tunnel Automation Market is expected to rise from its initial estimated value of USD 2.78 billion in 2018 to an estimated value of USD 5.24 billion by 2026, registering a CAGR of 8.25% in the forecast period of 2019-2026. Rising cases of accidents in tunnels and stringent regulations set forth by the government due to these factors is one of the major factors driving the rising value of the market.

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Competitive Analysis: Global Tunnel Automation Market

The Global Tunnel Automation Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tunnel automation market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: 

  • Johnson Controls,
  • Siemens AG,
  • Trane,
  • SICK AG,
  • ABB,
  • Kapsch,
  • Koninklijke Philips N.V.,
  • Honeywell International Inc.,
  • Eaton,
  • PSI Incontrol Sdn Bhd,
  • Agidens International NV,
  • SICE,
  • Indra Sistemas,
  • OSRAM GmbH,
  • Advantech Co. Ltd.,
  • CODEL International Ltd,
  • Monitoring Solutions,
  • Delta Electronics Inc

Report Synopsis

  1. To analyze the market size of the market and infer the key trends from it.
  2. Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
  3. Industry Chain Suppliers of Global Tunnel Automation Market with Contact Information
  4. To inspect the market based on product, market share and size of the product share.
  5. Industry Chain Suppliers of Global Tunnel Automation Market with Contact Information
  6. The key findings and recommendations highlight crucial progressive industry trends in the Global Tunnel Automation Market, thereby allowing players to develop effective long term strategies

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Market Definition: 

Tunnels are underground covered paths, or roads that are constructed for the ease of passage or diversion of traffic from one place to another. Due to these systems being underground, and covered accessible from the two entries and exit points a number of systems need to be installed for the safety and convenience of the drivers. These systems are reportedly lighting systems, ventilation, signals, and others. These systems are installed for the avoidance of any mis-happenings and ease of conveyance for the drivers.

Market Drivers:

  • Increasing cases of road accidents causing the government to form regulations regarding the installation of these systems is expected to drive the market growth
  • Rise of integration of cloud based and IoT systems in tunnel automation systems is also expected to drive the market growth

Market Restraints:

  • High costs of installation and maintenance of these systems is expected to act as a major restraint for the market growth
  • Lack of knowledgeable and technically skilled professionals required for the installation and maintenance of these systems is also expected to restrain the market growth

Market Segmentation: 

By Tunnel Type

  • Railway Tunnels
  • Highway and Roadway Tunnels

By Component

  • HVAC
  • Lighting & Power Supply
  • Signalization
  • Others

By Offering

  • Hardware
  • Software
  • Services

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

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