As a result, the value of the market is predicted to grow significantly in the coming years. Depending on tunnel type, the market is divided into highway and roadway tunnels and railway tunnels categories. Between these two, the railway tunnels category dominated the market in 2020. This was because of the various benefits of integrating tunnel automation solutions in railway tunnels such as reduced security and safety threats and improved efficiency of various tunnel operations.
Signalization, lighting and power supply, fire and safety, air conditioning, communication, and ventilation systems are some of the major elements of railway tunnel automation, that greatly improve tunnel functioning. The tunnel automation market is also categorized, based on component, into signalization, heating, ventilation, and air conditioning (HVAC), and lighting and power supply. Out of these, the HVAC category led the market in 2020, and it is predicted to exhibit the fastest growth in the coming years.
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Signalization, lighting and power supply, fire and safety, air conditioning, communication, and ventilation systems are some of the major elements of railway tunnel automation, that greatly improve tunnel functioning. The tunnel automation market is also categorized, based on component, into signalization, heating, ventilation, and air conditioning (HVAC), and lighting and power supply. Out of these, the HVAC category led the market in 2020, and it is predicted to exhibit the fastest growth in the coming years.
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This is attributed to the extensive usage of HVAC devices in tunnel automation systems. Globally, Europe will hold the largest share in the tunnel automation market in the upcoming years, as per the forecast of the market research firm, P&S Intelligence. This will be because of the launch of several projects and initiatives by the governments of the regional countries for optimizing transportation systems, the existence of mountain ranges, and the growing prevalence of road accidents in the region.
Therefore, the demand for tunnel automation systems will surge in the forthcoming years, primarily because of the rising incidence of road accidents, increasing enactment of stringent road safety regulations by various governments, and the increasing number of tunnel construction projects in several countries.
This market research report provides a comprehensive overview of the market
Therefore, the demand for tunnel automation systems will surge in the forthcoming years, primarily because of the rising incidence of road accidents, increasing enactment of stringent road safety regulations by various governments, and the increasing number of tunnel construction projects in several countries.
This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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