
Published On: Sep 2020
Published On: Sep 2020
Air Quality Monitoring to Dominate MEA Tunnel Sensor Market during 2019–2027
According to a new market research study on “MEA tunnel sensor market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Solution, Services, Connectivity and Application” is expected to reach US$ 211.89 million by 2027 from US$ 162.18 million in 2019. The market is estimated to grow at a CAGR of 3.6% from 2020 to 2027. The report provides trends prevailing in the MEA tunnel sensor market along with the drivers and restraints pertaining to the market growth. Tunnel safety concerns on a rise throughout MEA is the major factor driving the growth of the MEA tunnel sensor market. However, issues associated with low number of skilled professionals and limited awareness restricts the growth of MEA tunnel sensor market.
The market for MEA tunnel sensor market is segmented into solution, services, connectivity, application and country. Based on solution, the market is segmented into visibility monitoring, air flow Monitoring, air quality monitoring, filter monitoring, fire monitoring and others. In 2019, the air quality monitoring segment held the largest share of MEA tunnel sensor market. Based on services, the MEA tunnel sensor market is divided into installation services, maintenance services and consulting services. Maintenance services is expected to be the fastest growing segment over the forecast period. On the basis of connectivity, the market is segmented into wired and wireless. Wired segment contributed a substantial share in 2019, however, wireless segment is projected to be the fastest growing sector. On the basis of application the market is segmented into road tunnels, rail tunnels and others. Road tunnels led the MEA market in 2019. Furthermore the COVID-19 is having a very adverse impact on MEA region. Among MEA countries, South Africa has the highest number of COVID-19 confirmed cases (~589,900) and deaths (~12,000), which impacted the economic and industrial growth of South Africa in a substantial manner. Other major countries that are facing the economic impact of COVID-19 outbreak include Saudi Arabia, UAE, Egypt, Morocco, and Kuwait. The region comprises of many growing economies such as UAE among others, which are prospective markets for tunnel sensor providers, owing to the huge scope for construction and infrastructure industry growth. The countries like Dubai are at the forefront of technology adoption in various industries including logistics and transportation in this region. The demand for tunnel automation and monitoring solutions in Dubai is quite high, and COVID-19 outbreak may hinder the demand in coming quarters due to decline in new infrastructure projects and activities. The COVID-19 pandemic would have significant effects on major economies, but the MEA region is anticipated to be especially impacted as there is already pressure on economy of various oil based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns and travel bans are further aggravating the economic problems of the countries present in the MEA region. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on growth of various industries in the region is expected to negatively impact the demand of tunnel sensors in 2020 and 2021.
CODEL International Ltd; DURAG Group; Geonica; SICK AG and Trolex Ltd are among the leading companies in the MEA tunnel sensor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, JES Elektrotechnik GmbH and DURAG Holding AG expanded their cooperation on tunnel sensors. The company would be benefited from the extensive experience of JES Elektrotechnik GmbH, however, JES Elektrotechnik GmbH would have access to a worldwide sales and service network for our tunnel sensor solutions.
The report segments the MEA Tunnel Sensor Market as follows:
MEA Tunnel Sensor Market – By Solution
MEA Tunnel Sensor Market – By Services
MEA Tunnel Sensor Market – By Connectivity
MEA Tunnel Sensor Market – By Application
MEA Tunnel Sensor Market – By Country