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Tunnel Automation Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence

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Tunnel Automation Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence

July 22
02:04 2022
Tunnel Automation Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence
DataM Intelligence
Global Tunnel Automation Market is expected to grow at a high CAGR of 8% during the forecast period (2022-2029).

Market Overview

  • Tunnel automation components include machinery that helps in monitoring intersecting traffic efficiently while also managing the proper working of lighting systems, ventilation systems, and signal modules among many others.
  • The rising instances of road accidents and issues related to the failure of electronic and mechanical components inside the tunnel during peak hours have increased the market demand for tunnel automation end-products.

 

Download free sample @ https://www.datamintelligence.com/download-sample/tunnel-automation-market

 

Market Trends And Dynamics

  • The tunnel automation solutions provide a great stream of vital information during the working of tunnels, assisting in the proper functioning and administration of traffic.
  • The successful integration of tunnel automation technology ensures enhanced road safety, as it provides operators with real-time data about intersecting traffic flow and vehicle density on roads furthering the growth of the market. The presence of government regulations and laws aimed towards the favorable integration of tunnel automation systems also boosts market growth, as the installation rates of end-products increase as a result.
  • The product development of tunnel automation solutions in combination with innovative technologies such as cloud storage and the Internet of Things (IoT) would act as positively influencing factors on the market growth.
  • The key market players are thus focused on the digitization of tunneling activities to secure increased sales revenue. For instance, in July 2017, Atlas Copco UK Holdings Ltd. announced the offering of smart connected products with the new concept of 6th Sense, which assists in getting all systems connected.
  • The high costs of installations and subsequent maintenance of all parts involve high prices and require substantial capital and funding, which might act as barriers to market growth.
  • The maintenance operations of all tunnel automated solutions require a skilled workforce with the technical know-how of the machine’s working, and lack of the requisite manpower hinders the product sales, decreasing the market value.
  • The limited adoption rates of end-products might also result in a decline in consumer interest, making it difficult to support market growth.
  • The increasing construction activities of new tunnel projects in developing countries and attempts to deploy analytics solutions to tunnel automated products are expected to present new opportunities for market expansion to key market players.

 

Key Companies

  • The competitive market scenario is intense, with key market players focusing on technological development and commercial launch of innovative products to remain relevant in an evolving market. The significant market players include Siemens AG, ABB Group, Philips Lighting B.V., SICK AG, and Honeywell International Inc.
  • The companies stress the adoption of tunnel automation solutions to increase cost and energy savings. For instance, in May 2018, Eurotunnel released official data demonstrating sustainability efforts boosted with the completion of the new cooling system in a landmark Channel Tunnel that delivers energy savings of at least 33% or 4.8GWh per year.
  • The system contains four Series E CenTraVac large-capacity (2600 kW to 14,000 kW) chillers from Trane Inc., a global provider of indoor comfort solutions and services, and a brand of Ingersoll Rand.

 

View full report @ https://www.datamintelligence.com/research-report/tunnel-automation-market

 

 

The Full Report has the below insights.

The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029). Visualize the composition of Global Tunnel Automation Market segmentation By Technology, service, By Application, and country, highlighting the key commercial assets and players.

By Products

By Type

By Application

Identify commercial opportunities in the Market by analyzing trends and co-development deals.

The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis. Excel data sheet with thousands of Market-level 4/5 segmentation data points. PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study. Product mapping in excel for the key product of all major market players. The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.

 

Additional Benefits Post Purchase:

Unlimited Analyst support for a period of 1 year. Any query regarding the scope offered will be addressed within 24- 48 hours. An excel sheet with market numbers will be provided separately.

 

 

Market Report Insights

  • The railway tunnels segment is leading by market share owing to the increased construction of newer projects on a worldwide scale, and rising integration of tunnel automation solutions in railway tunnels to avoid accidents and enhance security during peak hours.
  • Europe is likely expected to witness wider adoption of tunnel automation solutions in the region, the presence of prominent manufacturing industries, the rise in consumer awareness regarding the enhancement of road and rail safety, and geological influence on the market demand.
  • The companies focus on increasing financial flexibility and creating a focused portfolio through acquisitions and product launches. For instance, in November 2018, Liebherr AG announced the launch of new modular LPS gearbox series for dynamic output in tunnel boring machines in a bid to strengthen market position.

 

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