Global Tunnel Automation Market Insights The global tunnel automation market is estimated to witness a high CAGR during the forecast period (2019-2026). Increasing number of tunnel construction projects and integration of analytics in tunnel management are expected to propel the market growth during the forecast period. Rising incidents of road accidents across the globe along with stringent government regulations pertaining to the adoption of safety features in tunnel are some of the factors driving the market growth for tunnel automation. Growing integration of IoT and cloud with tunnel automation solutions along with high investments in infrastructural development such as development of highways, railways are expected to boost the market growth during the forecast period. Request a free sample copy of the report @https://www.globalmarketestimates.com/global-tunnel-automation-market/ Tunnel Automation Market: By Component On the basis of component, the global tunnel automation market is segmented into HVAC, lighting & power supply and signalization among others. The HVAC segment is expected to hold the largest market share during the forecast period. The demand for HVAC segment is driven by stringent rules and regulations implemented by various government organizations to install ventilation and air conditioning systems in tunnels with limited access to natural air. HVAC components helps in removing harmful gases, heat generated from metro and train subcomponents and preventing moisture in the tunnels. These are some of the major factors driving the market for HVAC segment. Light and power supply segment is expected to grow at a significant CAGR during the forecast period. Increasing number of accidents in tunnels due to proper lighting along with growing usage of LED bulbs in the tunnels is expected to drive the market growth. Tunnel Automation Market: By Offering On the basis of offering, the market is segmented into software, hardware and services. Services segment is expected to hold the significant market share during the forecast period. Frequent requirement for installation and changing of HVAC, electrical and lighting, firefighting, and other systems in the tunnels is driving the service segment. Growing design and engineering, project management, and maintenance services are the some of major factors driving the growth of the market for services segment. Tunnel Automation Market: By Tunnel Type Based on tunnel type, the tunnel automation market is segmented into railway tunnel and high way and roadway tunnels among others. Railway tunnel segment is dominating the market and is projected to grow at a high CAGR in terms of revenue during the forecast period. Increasing number of project allocation, along with rising number of accidents across the railway tunnels are expected to drive the market growth during the forecast period. Growing renovation activities in outdated railway tunnel in developing countries also driving the market growth. Tunnel Automation Market: By Region Europe is expected to grow at a significant market share during the forecast period. Presence of number of manufacturing industries along with increasing demand for public transport in most cities is driving the market growth for tunnel automation. Presence of several mountain ranges in the region also expected to propel the market growth during the forecast period. Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growing infrastructure activities along with rapid urbanization and economic growth in various countries in the region are driving the market growth. The Chinese governmentu2019s increasing investment in tunnel infrastructure, along with the increasing adoption of tunnel automation solutions for railway, subway, and roadway tunnels is further propelling the growth of the market. Tunnel Automation Market: End Use Landscape The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are U.S. railways authority, L & T and China communication construction among others. Tunnel Automation Market: Vendor Landscape The report contains a chapter dedicated to vendors operating in the Tunnel Automation market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies. Tunnel Automation Market Share & Competitor Analysis Some of the key players operating in the Tunnel Automation market are Johnson Controls, Siemens, Trane, SICK AG, ABB Group, Kapsch, Philips Lighting, Honeywell, Eaton, and Swarco among others. In May 2018, Eurotunnel launched data demonstrating sustainability for new cooling system in a landmark channel tunnel. This system delivers energy savings of at least 33% or 4.8GWh per year. Browse the report @https://www.globalmarketestimates.com/global-tunnel-automation-market/
★
★
★
★
★
21 views • 2 slides
