Dublin, Oct. 05, 2021 (GLOBE NEWSWIRE) -- The "Tunnel Lighting Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Design, Installation, Type, and Application" report has been added to ResearchAndMarkets.com's offering.
According to this report the market is expected to reach US$ 2,955.7 million by 2028, registering a CAGR of 5.4% from 2021 to 2028.
Railways play a pivotal role in any economy as the progress of trade activities, and the growth of industrial and commercial sectors are largely dependent on the development of transportation infrastructure. The railways are a cost-effective and reliable mode of transport. Railways allow the transportation of large goods quantities and passengers over long distances with minimum possibilities of failures or delays compared to roadways. Moreover, load capability of trains is elastic as the number of wagons can be increased or decreased.
Furthermore, trains are among the environmentally friendly means of transport as modern rail engines are electrically powered, unlike conventional diesel-powered engines. Owing to these benefits governments worldwide are increasingly focusing on the development of their railway network. For instance, the Malaysia's new East Coast Rail Line, the project that commenced in 2019, involves the construction of 30-40 tunnels over the 640-Km-long railway line. In February 2018, Polskie Linie Kolejowe (PKP), a Polish railway company, won a contract worth €966 million for the development of an 18-km 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 were jointly awarded Euro 15 billion for the construction of a 100-km-long tunnel between Finland and Estonia. Thus, the emphasis on developing railway networks across the world is boosting the tunnel lighting market growth.
The tunnel lighting market is segmented on the bases of design, installation, type, and application. Based on design, the market is segmented into standard and customized; the standard segment dominated the market in 2020. Based on installation, the tunnel lighting market is segmented into surface mounted, hanging, and recessed/side wall mounted; the surface mounted segment led the market in 2020. By type, the tunnel lighting market is segmented into LED lighting, incandescent lighting, fluorescent lighting, and others; the LED lighting segment led the market in 2020. Based on application, the tunnel lighting market is segmented into mining tunnels, roadway tunnels, railway tunnels, and others. The roadway tunnels segment led the market in 2020.
Key Findings of Study:
The tunnel lighting market in Europe and APAC is expected to exhibit significant growth in the coming years. In Europe, growing construction projects and strict government regulations pertaining to environmental protection contribute to the growth of the tunnel lighting market. On the basis of region, North America dominated the tunnel lighting market in 2020. North America is one of the leading regions in terms of the development and adoption of new technologies; this is mainly attributed to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Owing to the favorable government policies and ever-increasing investments by North American countries in infrastructure development, North America poses a large demand for tunnel lights. Any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world's worst-affected country due to COVID-19 outbreak.
Continuous growth in the global population compels countries to invest more in transportation infrastructure. As a result, the number of tunnel construction projects worldwide is increasing, which is bolstering the demand for tunnel lighting. These lighting systems are designed in such a way that they comply with the stringent safety regulations imposed by various regulatory bodies.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global tunnel lighting market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global tunnel lighting market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Tunnel Lighting Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Tunnel Lightning Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Railway Infrastructure
5.1.2 Increasing Need for Road Safety
5.2 Key Market Restraints
5.2.1 High Cost of Tunnel Lighting System
5.3 Key Market Opportunities
5.3.1 Growing Mining Industry
5.4 Future Trends
5.4.1 Increase in Use of LEDs
5.5 Impact Analysis of Drivers and Restraints
6. Tunnel Lighting Market - Global Analysis
6.1 Global Tunnel Lighting Market Overview
6.2 Tunnel Lighting Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Tunnel Lighting Market Analysis by Design
7.1 Overview
7.2 Tunnel Lighting Market Breakdown, by Design, 2020 and 2028
7.3 Standard
7.3.1 Overview
7.3.2 Standard: Tunnel Lighting Market Revenue and Forecast to 2028 (US$ Million)
7.4 Customized
7.4.1 Overview
7.4.2 Customized: Tunnel Lighting Market Revenue and Forecast to 2028 (US$ Million)
8. Tunnel Lighting Market Analysis by Installation
8.1 Overview
8.2 Tunnel Lighting Market, by Installation (2020 and 2028)
8.3 Surface Mounted
8.3.1 Overview
8.3.2 Surface Mounted: Tunnel Lighting Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Hanging
8.4.1 Overview
8.4.2 Hanging: Tunnel Lighting Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Recessed/Side Wall Mounted
8.5.1 Overview
8.5.2 Recessed/Side Wall Mounted: Tunnel Lighting Market - Revenue and Forecast to 2028 (US$ Million)
9. Tunnel Lighting Market Analysis by Type
9.1 Overview
9.2 Tunnel Lighting Market, by Type (2020 and 2028)
9.3 LED Lighting
9.3.1 Overview
9.3.2 LED Lighting: Tunnel Lighting Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Incandescent Lighting
9.4.1 Overview
9.4.2 Incandescent Lighting: Tunnel Lighting Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Fluorescent lighting
9.5.1 Overview
9.5.2 Fluorescent lighting: Tunnel Lighting Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Tunnel Lighting Market - Revenue and Forecast to 2028 (US$ Million)
10. Tunnel Lighting Market Analysis by Application
10.1 Overview
10.2 Tunnel Lighting Market Breakdown, by Application, 2020 and 2028
10.3 Mining Tunnels
10.3.1 Overview
10.3.2 Mining Tunnels: Tunnel Lighting Market Revenue and Forecast to 2028 (US$ Million)
10.4 Roadway Tunnels
10.4.1 Overview
10.4.2 Roadway Tunnels: Tunnel Lighting Market Revenue and Forecast to 2028 (US$ Million)
10.5 Railway Tunnels
10.5.1 Overview
10.5.2 Railway Tunnels: Tunnel Lighting Market Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Tunnel Lighting Market Revenue and Forecast to 2028 (US$ Million)
11. Tunnel Lighting Market - Geographic Analysis
12. Impact of COVID-19 Pandemic on Tunnel Lighting Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.6 South America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Acuity Brands, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Kenall Manufacturing
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Aeon Lighting Technology Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Signify Holding (Philips)
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Schreder
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Thorlux Lighting
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Tungsram
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Cree Lighting
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Siteco GmbH
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 GE Lighting
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 C. & G. Carandini, S.A.U.
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Eastar Lighting
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
15. Appendix
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