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(I-SoftwareNews.Com, September 04, 2019 ) Market Overview
• Tunnel automation components include machinery that helps in monitoring of 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.
Market Dynamics
• The tunnel automation solutions provide a great stream of vital information during the working of tunnels, assisting in 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 towards 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 Internet of Things (IoT) would act as positively influencing factors on the market growth.
Market Segmentation
• 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 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 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.
• The market is further bifurcated by solutions into hardware, software, and services. The software segment is expected to witness robust growth owing to the need for technological innovation and product development of existing end-products, and increase the accuracy of collected data in real-time situations.
Geographical Analysis
• The global market for tunnel automation is segmented by region into
• North America,
• South America,
• Europe,
• Asia-Pacific,
• Rest of the World (RoW).
Competitive Trends
• 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 system contains four Series E CenTraVac large-capacity (2600 kW to 14,000 kW) chillers from Trane Inc., a global provider of indoor comfort solutions and services, and a brand of Ingersoll Rand
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Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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