Tunnel Automation Market Is Anticipated To Grow At A Cagr Of 7%-9% During 2020-2025

By Author: Lucintel LLC
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The global tunnel automation market is projected to grow at a CAGR of 7%-9% during 2020-2025. The growth of tunnel automation market is driven by rising incidents of road accidents, government regulations, growing integration of internet of things (IoT) and cloud with tunnel automation solutions, increasing number of tunnel construction projects, and integration of analytics in tunnel management.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the tunnel automation market by component (HVAC, lighting & power supply, signalization), offering (hardware, software, and services), tunnel type (railway tunnels and highway & roadway tunnels),and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the tunnel automation market?
Q.4 What are some changing demands of customers in the tunnel automation market?
Q.5 What are the new developments in the tunnel automation market? Which companies ...
... are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this tunnel automation area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this tunnel automation market?
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Market Segmentation:
Based on offering, the tunnel automation market is segmented into hardware, software, and services. The services segment is accounted for the largest share of the market in 2020 as there is frequent requirement for installation (installation of HVAC, electrical and lighting, firefighting, and other systems), design and engineering, project management and execution, life cycle, and maintenance services.
Europe is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period due to the well-established manufacturing industry, increasing demand for public transport in most cities, and presence of several mountain ranges in the region.
Key Players in the Tunnel automation market are Siemens, Johnson Controls International, ABB, SICK, Honeywell International, Philips Lighting, Trane, Swarco, Eaton, and Kapsch.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/tunnel-automation-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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