Tunnel Lighting Market - Global Industry Analysis

Tunnel Lighting Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-5957 Status : Upcoming

Description

Global Tunnel Lighting Market: Overview

Tunnel lighting is essential to ensure the safety of the traffic. The primary objective is to illuminate the objects and balance the adaptability of the outside & inside luminance for the vehicles that enter or exit the tunnel. In the tunnels, the natural penetration of the light hardly provides satisfactory visibility to the vehicles and thus tunnel lighting is important to install to enhance visibility and comfort.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Tunnel Lighting Market: Growth Factors

The global tunnel lighting market is growing substantially. Factors such as a rise in several tunnel construction, growing concerns of traffic safety, and an increase in demand for energy-efficient lights are driving the growth of the global tunnel lighting market. There is a huge demand for LED tunnel lights due to their several advantages. LED tunnel lights make use of a low-voltage power supply and hence there is low power consumption. They are small in size, saves energy, have a long lifespan, have high brightness, strong applicability, short response time, and high stability. In addition to this, the LED tunnel lights are environment friendly as they are made up of non-toxic materials and can be recycled. All these factors are contributing to the growth of the global market. Moreover, government investments to improve tunnel lighting, the growing need to lower the rate of accidents in tunnels, and the growing demand for tunnel lighting from the mining & railway tunnels are also some of the factors that are propelling the growth of the market. Furthermore, heavy investment to carry out research and development activities for the production of enhanced lights to sustain in the competitive market may lead to beneficial opportunities for the growth of the global tunnel lighting market during the forecast period. However, the high cost required for the initial deployment of the tunnel lights coupled with circuitry cost may hamper the growth of the global tunnel lighting market.

The Covid-19 pandemic has adversely affected the growth of the global tunnel lighting market. Most of the governments of several cities imposed complete lockdown and restrictions on movement. This affected the construction business and thus halt in new tunnel constructions & reconstruction of the tunnels was been witnessed. The disruption in the supply chain and restriction on personnel movement are also the factors hampering the production of the tunnel lights. The demand from mining tunnels also declined during the pandemic. However, with the uplifting of the restrictions the global tunnel lighting market may experience a slow growth rate.

Global Tunnel Lighting Market: Segmentation

The global tunnel lighting market is fragmented based on type, shape, installation, application, and region. Based on the type, the global tunnel lighting market is bifurcated into fluorescent lighting, incandescent lighting, electrodeless lighting, LED lighting, and others. Based on the shape, the global market is split into rectangular, square, round, linear, and others. Based on the installation, the global market is classified into recessed/side wall mounted, hanging, and surface mounted. The application segment is divided into mining tunnels, roadway tunnels, public work tunnels, railway tunnels, and others.

Global Tunnel Lighting Market: Regional Analysis

Among the regions, Europe is anticipated to hold the largest share in the global tunnel lighting market over the forecast period. An increase in government investment to enhance the visibility in the tunnel, growing demand for tunnel lighting from the railway sector, and rise in demand for LED light for tunnels are the key features that are spurring the growth of the market in this region. Asia Pacific is predicted to be the fastest growing region. This is due to the rise in adoption of LED lights owing to growing concerns of carbon footprints & energy conservation, increase in demand from mining tunnels, and to lower the rate of accidents, especially on highways. North America is also expected to account for a significant share of the overall market growth.

Global Tunnel Lighting Market: Competitive Players

The global tunnel lighting market is highly competitive due to its growing demand. Thorlux Lighting, Zumtobel Group AG, General Electric Company, Acuity Brands Lighting, Inc., Schréder, Koninklijke Philips N.V., Cree Inc., NINGBO GOLDEN CLASSIC LIGHTING CO., LTD., Kenall Manufacturing, and Aeon Lighting Technology Inc. are some of the key participants operating in the global tunnel lighting market.

Global Tunnel Lighting Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global tunnel lighting market is growing substantially. Factors such as a rise in several tunnel construction, growing concerns of traffic safety, and an increase in demand for energy-efficient lights are driving the growth of the global tunnel lighting market. Furthermore, heavy investment to carry out research and development activities for the production of enhanced lights to sustain in the competitive market may lead to beneficial opportunities for the growth of the global tunnel lighting market during the forecast period.

The global tunnel lighting market is highly competitive due to its growing demand. Thorlux Lighting, Zumtobel Group AG, General Electric Company, Acuity Brands Lighting, Inc., Schréder, Koninklijke Philips N.V., Cree Inc., NINGBO GOLDEN CLASSIC LIGHTING CO., LTD., Kenall Manufacturing, and Aeon Lighting Technology Inc. are some of the key participants operating in the global tunnel lighting market.

Among the regions, Europe is anticipated to hold the largest share in the global tunnel lighting market over the forecast period. An increase in government investment to enhance the visibility in the tunnel, growing demand for tunnel lighting from the railway sector, and rise in demand for LED light for tunnels are the key features that are spurring the growth of the market in this region.

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