Attractive Opportunities in Tunnel Automation Market

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MarketsandMarkets Presents
Tunnel Automation Market by Component (HVAC,
Lighting Power Supply, Signalization), Offering
(Hardware, Software, and Services), Tunnel Type
(Railway Tunnels and Highway and Roadway
Tunnels), and Geography - Global Forecast to
2023 The overall tunnel automation market was
valued at USD 2.68 billion in 2017 and is likely
to reach USD 4.27 billion by 2023, at a CAGR of
8.12 from 2018 to 2023
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MarketsandMarkets Presents
Other components are expected to hold a
significant share of the tunnel automation market
by 2023 Other components are expected to account
for the largest share of the tunnel automation
market during the forecast period. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfd
ownloadNew.asp?id81673916 The growth of this
segment can be attributed to the high requirement
for these components, such as fire detection,
traffic management, central control and
monitoring, video surveillance, incident
detection, communication, and gas detection
systems, in tunnels for providing safety and
security to all passengers traveling through and
operators working in highway, roadway, railway,
and subway tunnels.
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MarketsandMarkets Presents
The tunnel automation market for railway tunnels
to grow at a higher CAGR from 2018 to 2023 The
market for railway tunnels is expected to grow at
the higher CAGR from 2018 to 2023. The growth of
this market can be attributed to the increasing
number of projects related to the construction of
subway and railway tunnels and rising incidents
of accidents in railway tunnels. These factors
have also prompted several railway network
authorities across the world to automate their
railway tunnel systems.
4
MarketsandMarkets Presents
APAC to dominate the tunnel automation market
during the forecast period The tunnel automation
market in APAC is expected to grow at the highest
CAGR during the forecast period. Infrastructure
in APAC is developing at a significant rate due
to rapid urbanization and economic growth in
various countries in the region Johnson Controls
(Ireland), Siemens (Germany), Trane (Ireland),
SICK AG (Germany), ABB Group (Switzerland),
Kapsch (Austria), Philips Lighting (Netherlands),
Honeywell (US), Eaton (Ireland), and Swarco
(Austria) are the major players in the market who
are increasingly involved in following strategies
such as partnerships, contracts, and expansions
to develop and introduce new technologies and
products in the market. Read More _at_
https//www.marketsandmarkets.com/PressReleases/tu
nnel-automation.asp
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MarketsandMarkets Presents
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