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Tunnel Automation Market Trends

  • Report ID: GMI8721
  • Published Date: Mar 2024
  • Report Format: PDF

Tunnel Automation Market Trends

A few trends that are ongoing in the tunnel automation industry include urbanization and developing infrastructure, which have also led to a high need of advanced automation solutions. This has led to some cities globally modernizing their transport systems such as roads, railways & metros due to an increase in urban population. Consequently, this often involves digging new tunnels or repairing existing ones so as to improve traffic flow rapidly. Tunnel automation systems are imperative for these transportation arteries because they guarantee safety and efficiency.
 

One of the trends in the tunnel automation industry is the amalgamation of Internet of Things (IoT) and cloud systems. To look after infrastructures, it is possible for tunnel operators to use connected devices and those that are based on cloud technology. These sensors are deployed inside tunnels for real-time data about diverse parameters like temperature, humidity, air quality, traffic flow & structure integrity. That information is then sent to platforms on clouds that store it in order to allow for analysis or visualization.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of tunnel automation was reached USD 208 million in 2023 and is estimated to register a CAGR of over 12% between 2024 and 2032, driven by urbanization and infrastructure development.

The HVAC segment held the largest market share of over 40% in 2023 and is poised to gain demand through 2032, as tunnel automation enables accurate control alongside HVA equipment monitoring with the aim of optimizing energy saving while minimizing operational costs.

North America tunnel automation market accounted for over 37% revenue share in 2023 and will continue to grow through 2032, favored by the renovation of aging transportation infrastructures, such as tunnel systems for roads, rails & underground trains.

Siemens, Johnson Controls, ABB, Honeywell, Philips Lighting, Eaton, and Osram are some renowned names in tunnel automation market.

Tunnel Automation Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 362
  • Countries covered: 22
  • Pages: 230
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