At CAGR 5.4%, Tunnel Lighting Market Is Expected to Grow US$ 2,955.7 Million By 2028: The Insight Partners

By Laura Campbell On Jul 19, 2022

According to our latest market study, titled “Tunnel lighting Market” has advanced significantly over the years, with energy-efficient, high-performance illumination that lasts a long time. In this area, LED lights have created a name for themselves, as visibility is one of the most crucial requirements in tunnels. Market participants will be turning to Europe, which is the largest market for tunnel lights, as well as Asia Pacific, which is predicted to grow rapidly over the next ten years. Tunnel lighting has a wide range of advantages such as improving road conditions in a tunnel, reducing driver fatigue, improving tunnel capacity to ensure traffic safety, and improving visual enjoyment in a tunnel, among others. Tunnel lighting allows safe entrance and exit of traffic, illuminating the tunnel interior in a way that enables drivers to adjust quickly to the light. This helps in avoiding any mishap and maintaining the drive through the enclosed area without obstacles and the need to reduce speed. This factor is likely to boost the market.

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List Of TOP KEY PLAYERS in Tunnel Lighting Market Report are –

ACUITY BRANDS, INC., SIGNIFY HOLDING (PHILIPS), CREE LIGHTING, SITECO GMBH, AND GE LIGHTING – PROMINENT MARKET PARTICIPANTS IN TUNNEL LIGHTING MARKET

Market Overview:

ACUITY BRANDS, INC., Signify Holding (Philips), Cree Lighting, Siteco GmbH, and GE Lighting International are some of the key market players operating in the global tunnel lighting market. The listing of key players is derived by considering multiple factors such as overall revenue, current tunnel lighting product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the tunnel lighting ecosystems which were studies analyzed during the course of this market research study, such as, Kenall Manufacturing, Aeon Lighting Technology Inc., Schréder, Thorlux Lighting, Tungsram, C. & G. CARANDINI, S.A.U., and Eastar Lighting.

Most of the market initiatives were observed in North American and Europe region, which have a high potential of market-related products, solutions, and services.

Roadways tunnels, especially highway tunnels, are among the most accident-prone zones due to the high speed of vehicles. Thus, it is important to maintain sufficient lighting conditions inside the tunnel for ensuring smooth flow of traffic. Optimum lighting allows vehicle drivers to identify obstacles and navigate through the tunnel without reducing speed. The CIE Guidance for tunnel lighting system compels system integrators to consider 5 key areas—access zone tunnel lighting system, threshold zone tunnel lighting system, transition zone tunnel lighting system, interior zone tunnel lighting system, and exit zone tunnel lighting system. Moreover, the growing road networks in remote and mountainous terrains is leading to the construction of newer roadway tunnels. Thus, the rise in number of roadway tunnel development projects, coupled with increasing importance of road safety, is driving the growth of tunnel lighting market.

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Tunnel Lighting Market : Segments

Based on installation, the tunnel lighting market is segmented into surface mounted, hanging, and recessed / side wall mounted. The surface mounted segment led the tunnel lighting market in 2020. Surface-mounted lighting systems are specially mounted to the ceiling of tunnels and are also known as ceiling-mounted lightning systems. The surface-mounted lighting products is available in various shapes and sizes, and they can also be customized according to the needs to end users. These lighting products are usually preferred when the distance between structural ceiling and dropdown ceiling is relatively less, which makes them ideal for tunnels with lesser heights. The surface-mounted lightning systems can be installed with fewer alterations to the surfaces.

Furthermore, it is also one of the environmentally friendly means of transport as modern rail engines are electrically powered compared to conventional diesel-powered engines. Owing to these benefits governments across the globe are increasing focusing on development of their railways network. For instance, the Malaysia’s new East Coast Rail Line which was started in 2019 is expected to witness construction of 30-40 tunnels for the 640KM railway line. In February 2018, PKP Polskie Linie Kolejowe, a Polish railway company a contract of €966 million for development of 18km section of the Brenner Base Tunnel in Austria. In 2019, Finest Bay Area Development company along with China Railway Engineering Company, China Railway International Group, China Communications Construction Company, was jointly awarded euro 15 billion for construction of 100km of tunnel between Finland and Estonia. Thus, heavily emphasis on developing railway network across the globe is projected to drive the market of tunnel lighting market.

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With tables and figures, helping analyze worldwide Global Tunnel Lighting Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

Major Table Of Contents:

Introduction
Key Takeaways
Research Methodology
Market Landscape
Key Market Dynamics
Tunnel Lighting Market – Global Market Analysis
Global Tunnel Lighting Market Analysis – By Technology
Global Tunnel Lighting Market Analysis – By End User
Tunnel Lighting Market – Geographic Analysis
Industry Landscape
Company Profiles
Appendix

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Published Mon, 18 Jul 2022 22:44:15 -0500