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Tunnel Automation Market Analysis

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

Tunnel Automation Market Analysis

Based on type, the HVAC segment held the largest market share of over 40% in 2023. In tunnels, advanced HVAC systems are commonly used to keep air quality, temperature as well as ventilation in check and at levels that are conducive for people who use them. This has led to a rising demand for advanced HVAC solutions with automation technology incorporated within them as more tunnels become an integral part of transportation infrastructure. Through tunnel automation system implementation, accurate control can be affected alongside monitoring HVA equipment with the aim of optimizing energy saving while minimizing operational costs.
 

Tunnel Automation Market Share, By Offering, 2023

Based on offering, the hardware segment is anticipated to register a CAGR of over 10.5% from 2024 to 2032 The increasing complexity in tunnel infrastructure and employment of sophisticated automation technologies have also driven the need for specialized services such as consultancy, designing, integration, installing & maintaining. Tunnel automation also demands professionalism during its implementation and management, which will ensure that it is optimally performed & secure by operators and developers respectively. These factors will enhance segment development over the forecast period.
 

U.S.  Tunnel Automation Market Size, By Region, 2022 - 2032, (USD Million)

North America dominated the global tunnel automation market in 2023 with a market share of over 37%. North America is renovating its aging transportation infrastructures, such as tunnel systems for roads, rails & underground trains, due to increasing safety concerns and the need for efficiency & traffic control. Strict regulations on security are also a few factors driving the adoption of automated tunnel solutions to ensure safety during emergencies. Furthermore, smart city projects and transport infrastructure schemes in different North American countries have been among the greatest drivers of market expansion. Technological advancements such as IoT integration into cloud-based automation technology is further creating more demand for sophisticated automation solutions across North America.

Authors: Suraj Gujar, Sandeep Ugale

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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