Global Tunnel Automation Market, 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) – Industry Trends and Forecast to 2026
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.
Download PDF Sample Copy of Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-tunnel-automation-market
Few of the major market competitors currently working in the Tunnel Automation Market are Johnson Controls, Siemens AG, Trane, SICK AG, ABB, Kapsch, Koninklijke Philips N.V., Honeywell International Inc., Eaton, SWARCO AG, PSI Incontrol Sdn Bhd, Agidens International NV, SICE, Indra Sistemas, OSRAM GmbH, Advantech Co. Ltd., CODEL International Ltd, Monitoring Solutions, GENERAL ELECTRIC, PHOENIX CONTACT, and Delta Electronics Inc., Others.
Market Definition: Global Tunnel Automation Market
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.
- 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
- 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: Global Tunnel Automation Market
By Tunnel Type
- Railway Tunnels
- Highway and Roadway Tunnels
- Lighting & Power Supply
- North America
- South America
- Middle East and Africa
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.
Inquire Before Buying @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-tunnel-automation-market
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research
Email: [email protected]