The profiles of the leading firms, as well as their swot analyses and market strategies, are included in this Color Cosmetics market research report. This Color Cosmetics market study also analyses the major factors impacting market growth as well as the opportunities, risks, and challenges that prominent manufacturers as well as the market at large must deal with. The most important new trends ar...
Tunnel lights have come a long way over the years, with energy-efficient, high-performance lighting that lasts long. LED lights have made their mark in this industry, as visibility is one of the most important features needed in tunnels.
Fact.MR’s report goes further and explains how advancements in data collecting techniques such as using sensors and state-of-the-art cameras have opened up many opportunities for various stakeholders in the tunnel lighting market.
Download Sample Copy of This Report: –https://www.factmr.com/connectus/sample?flag=S&rep_id=5381
Adoption of energy-efficient LED lighting and control systems with improved technologies is expected to drive the tunnel lighting market over the forecast period, according to Fact.MR. Moreover, increasing transportation infrastructural development is projected to be a key contributor to market growth over the coming years. Developmental projects, especially in road and rail infrastructure, taken up by developing countries such as India and China, are expected to positively impact market growth.
Innovations in products such as daylight- and weather-adaptive lighting are expected to fuel demand for tunnel lighting, as they help increase safety of drivers and are also cost-effective. These technologically-advanced LED lights assist drivers in adapting and adjusting to various road conditions effectively. Apart from this, they have the ability to withstand corrosion, offering more than 70% power efficiency. With these features, LED lights are anticipated to be one of the key drivers for the growth of the global tunnel lighting market.
Key Takeaways from Tunnel Lighting Market Study
- Europe is the most lucrative market for tunnel lighting. This dominance is expected to continue over the forecast period as well. Asia Pacific is projected to witness the highest growth during the forecast period of 2020-2030.
- Linear-shaped tunnel lights are anticipated to capture a majority of the market in the next decade, when segmented according to shape.
- Surface mounted tunnel lighting is predicted to be the major segment when classified based on installation, followed by wall mounted lights.
- The global tunnel lightings market experienced sluggish growth during the initial phases of the COVID-19 pandemic, but is now expected to progress at its normal pace over the coming months and years.
Tunnel Lighting Market: Competitive Landscape
Presence of several international as well as regional players makes the global tunnel lighting market highly competitive. Key players in the market are focusing on collaborations and partnerships to expand their reach across the world. Furthermore, companies are investing in research & development to find new applications of tunnel lighting in order to stay ahead of the competition in the market.
For instance, CCS Inc., in partnership with Yokohama-based lighting manufacturer AITEC SYSTEM Co., Ltd. (AItec), has launched CCSAItec, a new brand of line lights that combine CCS’s extensive lighting knowledge and AItec’s expertise in line scan illumination.
This comes in the wake of the industry’s rapidly growing need for high-performance lighting for longer duration.
Key Segments Covered
- LED Lighting
- Electrodeless Lighting
- Incandescent Lighting
- Surface Mounted
- Recessed/Side Wall
- Roadway Tunnels
- Railway Tunnels
- Mining Tunnels
- Public Work Tunnels
- North America
- Latin America
- Asia Pacific
- Middle East & Africa