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Tunnel Automation Market Size, Growth, Trend and Forecast to 2023

tunnel automation market was valued at USD 2.68 billion in 2017 and is likely to reach USD 4.27 billion by 2023, at a CAGR of 8.12% from 2018 to 2023.

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Tunnel Automation Market Size, Growth, Trend and Forecast to 2023

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  1. MarketsandMarkets Presents 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 The overall tunnel automation market was valued at USD 2.68 billion in 2017 and is likely to reach USD 4.27 billion by 2023, at a CAGR of 8.12% from 2018 to 2023

  2. MarketsandMarkets Presents Other components are expected to hold a significant share of the tunnel automation market by 2023 Other components are expected to account for the largest share of the tunnel automation market during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81673916 The growth of this segment can be attributed to the high requirement for these components, such as fire detection, traffic management, central control and monitoring, video surveillance, incident detection, communication, and gas detection systems, in tunnels for providing safety and security to all passengers traveling through and operators working in highway, roadway, railway, and subway tunnels.

  3. MarketsandMarkets Presents The tunnel automation market for railway tunnels to grow at a higher CAGR from 2018 to 2023 The market for railway tunnels is expected to grow at the higher CAGR from 2018 to 2023. The growth of this market can be attributed to the increasing number of projects related to the construction of subway and railway tunnels and rising incidents of accidents in railway tunnels. These factors have also prompted several railway network authorities across the world to automate their railway tunnel systems.

  4. MarketsandMarkets Presents APAC to dominate the tunnel automation market during the forecast period The tunnel automation market in APAC is expected to grow at the highest CAGR during the forecast period. Infrastructure in APAC is developing at a significant rate due to rapid urbanization and economic growth in various countries in the region 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) are the major players in the market who are increasingly involved in following strategies such as partnerships, contracts, and expansions to develop and introduce new technologies and products in the market. Read More @ https://www.marketsandmarkets.com/PressReleases/tunnel-automation.asp

  5. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

  6. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 

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