The tunnel automation market is expected to grow at a compounded growth rate of 8% per annum over the forecast period from 2021 to 2027.
The surge in traffic accident incidence rates leading to increased demand for enhanced security is a major factor that will accelerate the tunnel automation market growth rate over the forecast period 2021-2027. In addition, various government regulations favoring the adoption of tunnel automation solutions are thriving. Tunnel automation market growth. Increasing integration of IoT and cloud and tunnel automation solutions is also having a positive impact on the growth of the market. In addition, an ever-increasing number of project allocations, along with increasing accidents and aging railway tunnels, is an active growth engine for the growth of the tunnel automation market. In addition, increasing connectivity and established IT services and continually increasing connectivity and underlying IT services are driving the growth of the tunnel automation market during the forecast period mentioned above.
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Company Profile
Tunnel automation market is dominated currently by Johnson Controls (Ireland), Siemens (Germany), Trane (Ireland), SICK AG (Germany), ABB Group (Switzerland), Kapsch (Austria), Philips Lighting (Netherlands), Honeywell (US), Eaton (Ireland), and Swarco (Austria). These players are increasingly undertaking partnerships, contracts, and expansions to develop and introduce new technologies and products in the market.
Market Segmentation
Tunnel Automation Market Segments:
By Offering:
- Hardware
- Software
- Services
By Tunnel Type
- Railways
- Highway and Roadway Tunnels
By Component
- HVAC
- Lighting & Power Supply
- Signalization
- Others
Scope of the Report
The research study analyzes the global Tunnel Automation industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Tunnel Automation Market Report
1. What was the Tunnel Automation Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Tunnel Automation Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Tunnel Automation Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Tunnel Automation market.
- The market share of the global Tunnel Automation market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Tunnel Automation market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Tunnel Automation market.
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