According to a new market report published by Lucintel, the future of the tunnel automation market looks promising with opportunities in the infrastructure industry. The global tunnel automation market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are rising incidents of road accidents, government regulations, growing integration of internet of things (IoT) and cloud with tunnel automation solutions, increasing number of tunnel construction projects, and integration of analytics in tunnel management.
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In this market, hardware, software, and services are the major offerings of tunnel automation. Lucintel forecasts that services will remain the largest offering segment over the forecast period, as there is frequent requirement for installation (installation of HVAC, electrical and lighting, firefighting, and other systems), design and engineering, project management and execution, life cycle, and maintenance services.
Within this market, railway tunnels will remain the largest tunnel type segment over the forecast period because increasing construction of subway and railway tunnels and rising incidents of accidents in railway tunnels have prompted several railway network authorities to automate their railway tunnel systems to minimize manual management of tunnels.
Europe will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the well-established manufacturing industry, increasing demand for public transport in most cities, and presence of several mountain ranges in the region.
Siemens, Johnson Controls International, ABB, SICK, Honeywell International, Philips Lighting, Trane, Swarco, Eaton, and Kapsch are among the major suppliers in the global tunnel automation market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global tunnel automation market by component, offering, tunnel type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Tunnel Automation Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global tunnel automation market by component, offering, tunnel type, and region as follows:
By Component [Value ($ Million) shipment analysis for 2014 – 2025]:
HVAC
Lighting & Power Supply
Signalization
By Offering [Value ($ Million) shipment analysis for 2014 – 2025]:
Hardware
Software
Services
By Tunnel Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Railway Tunnels
Highway & Roadway Tunnels
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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