Report analyses the Global Tunnel Automation Market size, shares, recent trends, competitive intelligence, and future market outlook. Tunnel Automation usage in monitoring sysytems is on the rise. Demand from Mining and Infrastructure in Europe is booming. Competitive rivalry intensifies with Eaton Corporation, Philips Lighting B.V, Siemens AG and others operating in the market.Tunnel automation components include machinery that helps in monitoring intersecting traffic efficiently while also managing the proper working of lighting systems, ventilation systems, and signal modules among many others.The rising instances of road accidents and issues related to the failure of electronic and mechanical components inside the tunnel during peak hours have increased the market demand for tunnel automation end-products.
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Market Dynamics
The tunnel automation solutions provide a great stream of vital information during the working of tunnels, assisting in the proper functioning and administration of traffic.The successful integration of tunnel automation technology ensures enhanced road safety, as it provides operators with real-time data about intersecting traffic flow and vehicle density on roads furthering the growth of the market. The presence of government regulations and laws aimed toward the favorable integration of tunnel automation systems also boosts market growth, as the installation rates of end-products increase as a result.The product development of tunnel automation solutions in combination with innovative technologies such as cloud storage and the Internet of Things (IoT) would act as positively influencing factors on the market growth.
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Segment Analysis
The tunnel automation market is segmented by tunnel type into railway tunnels, and highway & roadway tunnels.The railway tunnels segment is leading by market share owing to the increased construction of newer projects on a worldwide scale, and the rising integration of tunnel automation solutions in railway tunnels to avoid accidents and enhance security during peak hours.By component, the market is categorized into HVAC, lighting & power supply, signalization, and others. The HVAC segment is expected to witness robust growth during the forecast period owing to mandatory regulations implemented by various government organizations to install ventilation and air conditioning systems in tunnels with limited access to natural air.The companies are thus focused on mergers & acquisitions to expand the product portfolio. For instance, in October 2018, Johnson Controls announced that it had acquired the assets of Lux Products Corporation, which manufactures thermostats and smart products.
Competitive Landscape
The competitive market scenario is intense, with key market players focusing on technological development and commercial launch of innovative products to remain relevant in an evolving market. The significant market players include Siemens AG, ABB Group, Philips Lighting B.V., SICK AG, and Honeywell International Inc.The companies stress the adoption of tunnel automation solutions to increase cost and energy savings. For instance, in May 2018, Eurotunnel released official data demonstrating sustainability efforts boosted with the completion of the new cooling system in a landmark Channel Tunnel that delivers energy savings of at least 33% or 4.8GWh per year.
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