Press release
Tunnel Lighting Market 2021 Potential Growth Boosting Business Strategy-2028 | Top Global Industry Players are ACUITY BRANDS, Kenall Manufacturing, Aeon Lighting Technology, Signify Holding and Schréder
The Insight Partners
The railway plays a pivotal role in the transport system of any economy as the development of trade, industry, and commerce is largely dependent upon the development of transport infrastructure. The railways are not only considered cost-efficient but also a reliable source of transport. Large amounts of goods and passengers can be transported over long distances with minimum possibilities of failures or delays compared to roadways.
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Moreover, the load capability of trains is elastic as the number of wagons can be increased or decreased. Furthermore, it is also one of the environmentally friendly means of transport as modern rail engines are electrically powered compared to conventional diesel-powered engines. Owing to these benefits governments across the globe are increasingly focusing on the development of their railway network.
For instance, Malaysia’s new East Coast Rail Line which was started in 2019 is expected to witness the construction of 30-40 tunnels for the 640KM railway line. In February 2018, PKP Polskie Linie Kolejowe, a Polish railway company a contract of €966 million for the development of an 18km section of the Brenner Base Tunnel in Austria.
In 2019, Finest Bay Area Development company along with China Railway Engineering Company, China Railway International Group, China Communications Construction Company, was jointly awarded euro 15 billion for the construction of 100km of the tunnel between Finland and Estonia. Thus, heavy emphasis on developing railway networks across the globe is projected to drive the market of the tunnel lighting market.
Increasing Need for Road Safety Boosts Tunnel Lighting Market Growth
Roadways tunnels, especially highway tunnels, are among the most accident-prone zones due to the high speed of vehicles. Thus, it is important to maintain sufficient lighting conditions inside the tunnel for ensuring a smooth flow of traffic. Optimum lighting allows vehicle drivers to identify obstacles and navigate through the tunnel without reducing speed.
The CIE Guidance for tunnel lighting system compels system integrators to consider 5 key areas—access zone tunnel lighting system, threshold zone tunnel lighting system, transition zone tunnel lighting system, interior zone tunnel lighting system, and exit zone tunnel lighting system. Moreover, the growing road networks in remote and mountainous terrains is leading to the construction of newer roadway tunnels.
Thus, the rise in a number of roadway tunnel development projects, coupled with the increasing importance of road safety, is driving the growth of the tunnel lighting market.
Minerals extracted from mining are the backbone of human civilization. These minerals are widely used across industries such as manufacturing, power generation, chemicals and petrochemicals, healthcare and pharmaceuticals, and construction. Currently, copper, coal, iron ore, gold, and aluminum are among the most mined minerals. Moreover, the aggregate revenue of top 40 mining companies has grown steadily from 2016 to 2019.
In 2020, they witnessed a fall in revenue due to the COVID-19 outbreak. Moreover, with the growing rate of industrialization and urbanization, and the increasing need of energy, the demand for minerals is projected to rise significantly during the forecast period. The steady growth of the mining industry is subsequently boosting the adoption of tunnel lighting at mining sites, thus generating steady growth opportunities for the tunnel lighting market players.
The List of Companies - Tunnel Lighting Market
ACUITY BRANDS, INC., Kenall Manufacturing, Aeon Lighting Technology Inc., Signify Holding (Philips), Schréder, Thorlux Lighting, Tungsram, Cree Lighting, Siteco GmbH, GE Lighting, C. & G. CARANDINI, S.A.U., and Eastar Lighting are among the major companies operating in the tunnel lighting market.
The tunnel lighting market is segmented based on design, installation, type, application, and geography. Based on the design, the tunnel lighting market is sub-segmented into standard and customized. Based on the installation, the tunnel lighting market is categorized into surface mounted, hanging, recessed/side wall mounted.
Based on type, the market is segmented into LED lighting, incandescent lighting, fluorescent lighting, and others. Based on application, the market is segmented into mining tunnels, roadway tunnels, railway tunnels, and others. Additionally, based on region, the tunnel lighting market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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