Tunnel Automation Market

Johnson Controls (Ireland) and Siemens (Germany) are the Top 2 Players in the Tunnel Automation Market

The overall tunnel automation market is likely to grow from USD 2.9 billion in 2018 to USD 4.3 billion by 2023 at a CAGR of 8.12% between 2018 and 2023. Increasing number of tunnel construction projects and integration of analytics in tunnel management are expected to provide substantial growth opportunities to players in the tunnel automation market. The growth of this market is mainly driven by factors such as rising incidents of road accidents, government regulations, and growing integration of IoT and cloud with tunnel automation solutions.

Key players operating in the tunnel automation market include major players operating in different stages in the entire value chain of tunnel automation; these players are Johnson Controls (Ireland), Siemens (Germany), Trane (Ireland), SICK AG (Germany), ABB Group (Switzerland), Kapsch (Austria), Philips Lighting (Netherlands), Honeywell (US), Eaton (Ireland), and Swarco (Austria). Many of the leading players are focusing on the implementation of organic growth strategies, such as product launches/developments; agreement, contracts and partnerships; and acquisitions to boost their revenue.

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Top 2 Players in Tunnel Automation Market:

Siemens (Germany) was ranked first in the overall tunnel automation market in 2017. Siemens is a prominent player in the tunnel automation market that offers products such as tunnel control, distributed I/O, communication, low-voltage distribution, and tunnel ventilation systems. Over the years, the company has received several contracts to install tunnel automation solutions. For instance, in May 2018, the company completed the first phase of monitoring system upgrades and operational control of Al Azhar tunnel based in Cairo to enhance its security and surveillance. Similarly, in July 2016, the company was selected to provide its traffic control and management system for the twin-bore Liantang tunnel, based in Hong Kong. Moreover, Siemens focuses on expanding its operations in Europe to serve a larger customer base in the region. For instance, in December 2017, the company opened a new office in Nottingham (UK) to expand its presence in Europe.

The Johnson Controls (Ireland) was ranked second in the global tunnel automation market in 2017. Johnson Controls offers a wide range of tunnel automation solutions, including air systems, HVAC controls, HVAC equipment, and commercial security and fire safety systems. It has operations in North America, Asia, and Europe over 2,000 locations worldwide. The growth of the company is mainly driven by its organic growth initiatives and focused investments toward innovations to enhance customer services and sales. Over the years, the company has launched several products to strengthen its position in the tunnel automation market. For instance, in January 2018, the company launched GLAS, a smart thermostat that is operated via a translucent OLED touchscreen display and alternatively through a mobile app. Similarly, in December 2017, the company launched Metasys, an enterprise management platform capable of analyzing building energy and equipment data. Moreover, Johnson Controls’ increasing expenditure on R&D supports the company in terms of product innovation and development. For instance, in April 2018, the company opened its R&D complex in Central Pennsylvania, US, spread over an area of 357,000 square foot, enabling the company to innovate in the field of HVAC product category.

Related Reports:

Tunnel Automation Market by Component (HVAC, Lighting & Power Supply, Signalization), Offering (Hardware, Software, and Services), Tunnel Type (Railway Tunnels and Highway and Roadway Tunnels), and Geography - Global Forecast to 2023

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Tunnel Automation Market Size,  Share & Growth Report
Report Code
SE 6628
RI Published ON
9/26/2018
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