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What Are the Evolving Opportunities for the Players in the Tunnel Automation Market?
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These technologies allow the sharing and transfer of data between communication systems and other devices which enhances the efficiency of tunnels by analyzing the data to control the automation systems. Nowadays, tunnel automation solution providers are focusing on product launches, acquisitions, and facility expansions to reach out to a wide customer base. For instance, in January 2018, Sick AG introduced a hot spot detector system to prevent vehicle fire in highway tunnels.
Furthermore, in April 2018, Johnson Controls International Plc inaugurated its R&D complex in Central Pennsylvania, the U.S. to develop heating, ventilation, and air conditioning (HVAC) products. Similarly, in December 2019, Siemens AG opened "The Tunnel Digitalization Center" at Hagerbach test gallery at Flums Hochwiese for simulating and testing complex tunnel plans under real conditions.
The component segment of the tunnel automation market is classified into HVAC, signalization, lighting and power supply, and others such as traffic management, fire detection, video surveillance, gas detection, central control and monitoring, communication, and incident detection. Among these, the HVAC category accounted for the largest share in 2020, and it is projected to witness the fastest growth during the forecast period. As ventilation inside tunnels is very important and its manual operation can be expensive, governments are mandating the installation of HVAC automated systems in tunnels.
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This market research report provides a comprehensive overview of the market
* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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