Tunnel Sensor Market Outlook - 2030
The global tunnel sensor market is experiencing a significant growth and will grow considerably in the next few years. The measuring of flow velocity and direction inside tunnels or exhaust ventilation ducts is referred to as tunnel sensor technology. The tunnel sensor technology segment's measurement devices are critical for providing efficient and cost-effective tunnel ventilation control.
Tunnel sensors are electrical equipment that are used to manage and monitor the environment in rail or road tunnels. Tunnel sensors can detect gas threats, check tunnel health, monitor air humidity and temperature, and other things. Reduced costs, increased accuracy, increased productivity, environmental benefits, and improved regulatory compliance are just a few of the primary strategic benefits offered by tunnel automation systems, all of which are boosting the growth of the market.
The global tunnel sensor market is segmented on the basis of type, application and region. Based on type, the market is divided into visibility monitoring, filter monitoring, fire monitoring, air flow monitoring, air quality monitoring, and others. In terms of application, the market is categorized into road tunnels and rail tunnels. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global tunnel sensor industry include Bristol Industrial & Research Associates Ltd, CODEL International Ltd, DURAG GROUP, Advance Technologies Asia Sdn. Bhd., ACOEM, Control Equipment Pty Ltd., Geonica, Trolex Ltd, Safibra, and SICK AG. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global tunnel sensor market.
COVID-19 Scenario Analysis
The global quarantine imposed in response to the COVID-19 outbreak has resulted in an economic catastrophe that has thrown practically every business into disarray. The pandemic is wreaking havoc on a variety of industries, and the tunnel sensor industry is no exception. Following the SARS-CoV-2 outbreak, businesses were forced to make difficult financial and cost-cutting decisions to ensure the continued flow of goods.
To combat and contain the outbreak, global travel bans, manufacturing closures, and border closures have disrupted every business and economy on the planet. The market growth is being hampered by the rapid fall in electronics and construction industries, which are the primary supply and demand sources for tunnel sensors. Factory closures, trade bans, travel bans, and border closures enacted to decrease and contain the outbreak have an impact on the manufacturing, supply, and sales of electronic components used in tunnel sensor solutions.
In response of COVID-19's long-term implications, governments are attempting to address the problem by enacting beneficial initiatives and policies such as financial packages, lower interest rates, and tax exemptions. Despite the world's efforts to find a COVID-19 breakthrough, the tunnel sensor market size is expected to rebound to a great level during the forecast period.
Top Impacting Factors
The tunnel sensors growth is predicted to be boosted by increasing industrialization and urbanization in emerging countries as well as tunnel infrastructure upgrades and growing tunnel safety regulations in developed areas during the forecast period. Furthermore, the growing trend of smart city development across countries as well as the implementation of tunnel automation systems is boosting the global tunnel sensor demand. Some of the important factors driving the growth of the market include rising tunnel safety concerns, increasing use of tunnel automation, and monitoring solutions around the world. The rising investments in infrastructure construction around the world as well as rising technological integration in tunnel sensors for better capabilities will propel this market forward over the projection period.
However, in developing and impoverished regions of the world, lack of awareness and competent specialists may limit the adoption of these solutions.
Tunnel Sensor Market Expansion is Being Aided by the Increasing Integration of Tunnel Automation and Monitoring Solutions
Digital transformation is transforming sectors all around the world due to benefits, including increased operational efficiency, increased productivity, and lower prices. Web/mobile apps, predictive analytics, cloud computing, Internet of Things, and big data are among the digital technologies that businesses of all sizes that are aggressively investing. Digital transformation and process automation have the potential to provide businesses with unrivalled opportunity to add value and boost revenue.
As a result, customers are embracing modern tunnel sensor technologies that help automate tunnel monitoring systems, reducing the frequency of incidents, and lowering tunnel maintenance costs. Reduced costs, increased accuracy, amplified production, environmental benefits, and improved regulatory compliance are a few of the primary strategic benefits given by tunnel automation technologies. Furthermore, the number of government legislation promoting tunnel system automation is rapidly increasing in North America and Europe. Some of the key reasons driving the growth of the market around the world include tunnel sensors' ability to sense and monitor several vital tunnel characteristics to ensure tunnel and people safety.
Increase in Demand for Visibility Monitoring and Air Quality Monitoring Segment
Several rail and road tunnel safety systems rely on visibility monitoring sensors. It is used to check visibility within a tunnel and ensure that the tunnel ventilation system is producing enough fresh air for drivers to see the road ahead clearly. An air quality tunnel can also be used to measure NO, NO2, CO, temperature, and visibility within a road tunnel, rail tunnel, or other confined environment. Air quality monitoring and visibility monitoring sensors in tunnels are critical components in assuring road safety, resulting in market expansion. This growth can be linked to the widespread use of air quality monitoring sensors as harmful gas concentrations rise as well as the widespread installation of visibility monitoring sensors in road and rail tunnels.
Key Benefits of the Report
- This study presents the analytical depiction of the global tunnel sensor industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the tunnel sensor market share.
- The current market is quantitatively analyzed to highlight the tunnel sensor market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed tunnel sensor market analysis based on competitive intensity and how the competition will take shape in the coming years.
- The report contains tunnel sensor market forecast considering 2020 as a base year.
- The report presents information on the tunnel sensor market opportunities to track potential regions and country.
- The tunnel sensor market outlooks the future scope and estimates the percentage growth.
Questions Answered in the Tunnel Sensor Market Research Report
- Which are the leading players active in the market?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
Tunnel Sensor Market Report Highlights
| Aspects | Details |
 By Component |
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 By Connectivity |
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 By Application |
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 By Region |
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 Key Market Players | Yokogawa Electric Corporation, Schneider Electric, ABB Group, Siemens AG, Pepperl+Fuchs, Rockwell Automation, Omron Corporation, Endress+Hauser, Honeywell, ifm electronic |
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