Global Tunnel Automation Market: An Overview
Tunnels are a necessity for creating pathways for vehicles through mountains, for creating special paths for rail traffic, or for a canal. Tunnels allow rapid transportation of people, vehicles, goods at the expense of higher costs and higher risks. Tunnel automation creates ideal ventilation, signaling, lighting, emergency response, surveillance and more. Tunnel automation can reduce costs by minimizing human efforts and providing renewable sources of energy. Tunnel automation is also expected to maximize safety by creating an ideal environment for rapid transportation.
The global tunnel automation market is expected to register robust growth during 2018-26. The market is currently open to many untapped opportunities in developing countries. Developing infrastructure around the world and dated infrastructure in major countries such as US presents an exceptional opportunity.
Global Tunnel Automation Market: Key Trends
Global tunnel automation market will increase the demand for efficient and feature-rich automated services. Various components of automated services including fire detection, traffic management, and video surveillance provide ample scope for automation. Tunnel automation can significantly reduce costs. Current 24/7 monitoring and systematic conventional response method is inefficient and requires innovation. Tunnel automation is expected to cut across various tunneling systems as lighting, fire safety systems, and ventilation systems are essential for most.
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The tunnel automation for railways is expected to drive growth for tunnel automation market globally. Increasing number of project allocation, rising number of accidents and outdated railway tunnels are expected to propel the growth of the tunnel automation market.
HVAC (Heating, Ventilation and Air Conditioning) automated systems are expected to drive major growth for the tunnel automation market. Ventilation is essential inside tunnels, however its manual operation can be costly. On the other hand, automation in tunnels with no natural ventilation can be risky. Cyber-attacks can make such an important public infrastructure vulnerable. Safety combined with cost-advantages can be a winning strategy for market players in the tunnel automation market.
Global Tunnel Automation Market: Regional Outlook
The tunnel automation market in Asia Pacific is expected to soar during the forecast period. Growing infrastructure projects, increasing public-private initiatives, large population is expected to drive this market. Increasing connectivity and established IT services are also expected to boost the market. Rapid urbanization, increased public spending is also expected to drive the Asia Pacific tunnel automation market.
Europe is expected to hold the second largest share in the market. Highly established major players and advanced technology coupled with growing demand for public transport is expected to drive the European market. Additionally, Europe is witnessing a demand for eco-friendly solutions for conserving wildlife and nature at large, which can present a unique opportunity.
Global Tunnel Automation Market: Competitive Dynamics
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Lack of skilled technical manual labors is a concern for major players. Key players in the tunnel automation market are SICK AG (Germany) Johnson Controls (Ireland), Siemens (Germany), ABB Group (Switzerland). Johnson Controls (Ireland), Trane (Ireland).
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