Tunnel Automation: World Market to Reach a Value Exceeding $7 Billion by 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 15, 2019--
The “Tunnel Automation - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Tunnel Automation market accounted for $2.93 billion in 2017 and is expected to reach $7.08 billion by 2026 growing at a CAGR of 10.3% during the forecast period.
Some of the key factors driving the market growth include the increasing number of tunnel construction projects, positive government regulations, integration of IoT & cloud with tunnel automation solutions and advancements in traffic automation technology. However, high costs of installation & maintenance and lack of knowledgeable & technically skilled professionals are some key factors hampering the market growth.
On the basis of Component, HVAC is likely to have significant growth in the global market during the forecast period due to a necessity to provide forced ventilation inside tunnels as tunnel enclosures have partial access from outside and do not have natural ventilation.
By geography, Asia Pacific is anticipated to grow at a considerable rate during the forecast period. Infrastructure development in these countries is developing at a considerable rate owing to quick urbanization and financial enlargement of various emerging economies in the region is driving the regional growth.
Factors such as rising population and rapid urbanization have led to an increase in the use of highways and railways. To ensure connectivity across the entire region, governments of several countries are heavily investing in infrastructural development, such as building highways and railways and these factors are fuelling the market growth in this region.
What the report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Emerging Markets
3.7 Futuristic Market Scenario
4 Porters Five Force Analysis
5 Global Tunnel Automation Market, By Component
5.2.1 Public Announcement and Alarm Systems
5.2.2 Traffic Control Systems
5.3 Heating, Ventilation, and Air Conditioning
5.4 Lighting & Power Supply
5.4.1 Power Supply
5.4.2 Tunnel Lighting
5.5 Other Components
5.5.1 Video Surveillance Systems
5.5.2 Traffic Management Systems
5.5.3 Incident Detection Systems
5.5.4 Gas Detection Systems
5.5.5 Fire Detection Systems
5.5.6 Communication Systems
5.5.7 Central Control and Monitoring Systems
6 Global Tunnel Automation Market, By Tunnel
6.2 Highway and Roadway Tunnels
6.3 Railway Tunnels
6.3.1 Railway Stations and Tunnels
6.3.2 Subway Stations and Tunnels
7 Global Tunnel Automation Market, By Offering
8 Global Tunnel Automation Market, By Geography
8.2 North America
8.5 South America
8.6 Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.5 Other Key Strategies
10 Company Profiling
10.1 ABB Group
10.4 Johnson Controls
10.5 Philips Lighting
10.6 Sick AG
10.11 General Electric
10.12 Delta Electronics Inc.
10.13 Phoenix Contact
10.14 Agidens International N.V.
10.15 Indra Sistemas
10.16 Advantech Co. Ltd.
10.17 Monitoring Solutions
10.18 CODEL International Ltd.
10.20 OSRAM GmbH
For more information about this report visit https://www.researchandmarkets.com/r/5qb6as
View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005591/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Industrial Automation
KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA
INDUSTRY KEYWORD: BUILDING SYSTEMS TECHNOLOGY OTHER TECHNOLOGY CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/15/2019 09:47 AM/DISC: 05/15/2019 09:47 AM