Market Introduction
Tunnel sensors play a crucial role in any tunnel safety system by sensing and monitoring various important parameters such as ventilation, air quality, visibility, and lighting. The efficient measurement of these parameters helps tunnel construction and management companies in ensuring high operational efficiency, preventing tunnel accident/fatalities, and reducing costs. The demand for tunnel sensors in applications such as air quality monitoring for ventilation control and smoke detection is growing at an impressive pace. In addition to this, the growing environmental pollution concerns and people safety concerns are further driving the demand for these sensors to measure concentration of gases such as Nitric Oxide (NO) and Carbon Monoxide (CO) in tunnel environments. The adoption of tunnel sensors in road and railway tunnels is anticipated to increase owing to various advantages offered by these sensors. Some of the common advantages include cost savings, high accuracy, enhanced productivity, and environmental benefits.
Market Overview and Dynamics
The tunnel sensor market in North America was valued at US$ 1,279.0 million in 2019 and is expected to grow at a CAGR of 4.7% during the forecast period to reach US$ 1,825.1 million by 2027. The COVID-19 outbreak is anticipated to affect the growth rate of North America tunnel sensor market in the year 2020 and 2021 and thus there is sharp decline in y-o-y growth during these years. However, the growth is expected to normalize from 2021 onwards and the market is projected to grow at a steady pace. The rising levels of industrialization and urbanization in developing countries due to population growth coupled with tunnel infrastructure upgradation and growing tunnel safety regulations in developed regions such as North America are some of the key factors that are expected to boost the growth of tunnel sensor market over the forecast period of 2020 to 2027.
Key Market Segments
In terms of solution type, the air quality monitoring segment held the largest share of the North America tunnel sensor market in 2019. In terms of services type, the installation services segment contributed the largest share to the market in 2019. By connectivity type and application, wired and road tunnels were the largest segments respectively.
Major Sources and Companies Listed
A few major primary and secondary sources referred while preparing this report on the tunnel sensor market in North America are company websites, annual reports, financial reports, national government documents, statistical database, and among others. CODEL International Ltd., DURAG GROUP, ACOEM, Trolex Ltd., and SICK AG are some of the major companies listed in the report.
Reasons to buy report
The report segments the North America tunnel sensor market as follows:
North America Tunnel Sensor Market – By Solution
North America Tunnel Sensor Market – By Services
North America Tunnel Sensor Market – By Connectivity
North America Tunnel Sensor Market – By Application
North America Tunnel Sensor Market – By Country
North America Tunnel Sensor Market -Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,279.0 Million |
| Market Size by 2027 | US$ 1,825.1 Million |
| CAGR (2019 - 2027) | 4.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Tunnel Sensor Market is valued at US$ 1,279.0 Million in 2019, it is projected to reach US$ 1,825.1 Million by 2027.
As per our report North America Tunnel Sensor Market, the market size is valued at US$ 1,279.0 Million in 2019, projecting it to reach US$ 1,825.1 Million by 2027. This translates to a CAGR of approximately 4.7% during the forecast period.
The North America Tunnel Sensor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Tunnel Sensor Market report:
The North America Tunnel Sensor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Tunnel Sensor Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Tunnel Sensor Market value chain can benefit from the information contained in a comprehensive market report.
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