Tunnel Automation Market to Expand at a CAGR of 10.3% during 2019 – 2026 | Global Key Vendors – ABB, Siemens, Honeywell, Johnson Controls, Sick AG, Eaton, Trane
The report covers a forecast and an analysis of the Tunnel Automation Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Tunnel Automation Market:
The Tunnel Automation Market is accounted for $2.93 Billion in 2017 and is expected to reach $7.08 Billion by 2026 growing at a CAGR of 10.3% during the forecast period.
Some of the key factors driving the market growth include the increasing number of tunnel construction projects, positive government regulations, integration of IoT & cloud with tunnel automation solutions and advancements in traffic automation technology. However, high costs of installation & maintenance and lack of knowledgeable & technically skilled professionals are some key factors hampering the market growth.
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Tunnels allow intersecting traffic to flow at high speeds. The tunnel is a covered pathway that facilitates the swift movement of rail traffic, road traffic or sometimes a tunnel is made for a canal. A tunnel is an integration of a huge number of lighting systems, ventilation systems, and speed limit sensors, that consume a large amount of power and hence needs to be operated efficiently to control the traffic. Minor failure in the power supply or operation fault of any system may lead to accidents. Therefore, the automation of the tunnel system provides an exceptional option to prevent such misfortunate incidents.
Based on the Component, HVAC is likely to have significant growth in the global market during the forecast period due to a necessity to provide forced ventilation inside tunnels as tunnel enclosures have partial access from outside and do not have natural ventilation.
According to the regional analysis, Asia Pacific is anticipated to grow at a considerable rate during the forecast period. Infrastructure development in these countries is developing at a considerable rate owing to quick urbanization and financial enlargement of various emerging economies in the region is driving the regional growth. Factors such as rising population and rapid urbanization have led to an increase in the use of highways and railways. To ensure connectivity across the entire region, governments of several countries are heavily investing in infrastructural development, such as building highways and railways and these factors are fuelling the market growth in this region.
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Major Key Players:
1 ABB Group
4 Johnson Controls
5 Philips Lighting
6 Sick Ag
10 Swarco and More…………….
Market Segment by Components:
2 Heating, Ventilation, and Air Conditioning
3 Lighting & Power Supply
4 Other Components
1 Highway and Roadway Tunnels
2 Railway Tunnels
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
3 Which are the leading market products, applications & regions and how will they perform by 2026?
4 What are the technologies & innovation trends, how will they evolve by 2026?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Tunnel Automation Market.
Table of Contents:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Tunnel Automation Market, By Component
6 Global Tunnel Automation Market, By Tunnel
7 Global Tunnel Automation Market, By Offering
8 Global Tunnel Automation Market, By Geography
9 Key Developments
10 Company Profiling
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