Press release
Tunnel Automation 2019 Global Market Key Players: GE, Johnson Controls, Siemens, Trane, SICK, ABB, Philips, Honeywell, Eaton, SWARCO, PSI Incontrol Sdn. Bhd., Agidens, SICE, Indra, OSRAM, CODEL International Ltd - Analysis and Forecast to 2026
"Tunnel Automation"
The report is also a detailed analysis on what the market definition, classifications, applications and market trends are along with these it also provides with the market’s drivers and restrains by using the help of SWOT analysis.
The Tunnel Automation Market is highly dependent on the top players and brands this report provides with detailed company profiles of those players and brands and showing what their moves are when it comes to developments, product launches, joint ventures, merges and accusations, all the while also providing with figures for the forecast years of 2019-2026.
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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.
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
Major Market Competitors/Players:
• 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,
• Delta Electronics Inc
Competitive Analysis:
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.
Market 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
Market Restraints:
• 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
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Market Segmentation: 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
Frequently Asked Questions:
- What will the market size be in 2026?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2026?
- Which strategies are used by top players in the Global Tunnel Automation Market?
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