The tunnel lighting market in Europe is expected to grow from US$ 748.64 million in 2021 to US$ 1,063.41 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
The development of trade, industry, and commerce is largely dependent upon the development of transport infrastructure.The railway plays a pivotal role in the transport system of any economy.
The railways are not only considered cost-efficient but also a reliable mode of transport.A large number of goods and passengers can be transported over long distances with minimum possibilities of failures or delays compared to roadways.
Moreover, the load capability of trains is flexible as the number of wagons can be increased or decreased.Furthermore, it is also one of the environmentally friendly means of transport as modern rail engines are electrically powered, unlike conventional diesel-powered engines.
Owing to these benefits, governments across the region are increasingly focusing on developing their railway network. Thus, the growing railway network across the region is projected to drive the tunnel lighting market.
Based on installation, the surface mounted segment led the Europe tunnel lighting market in 2020.Surface mounted lighting, also known as ceiling mounted lighting, is specially mounted to the ceiling of a tunnel.
The surface mounted lighting is available in various shapes and sizes and can be customized according to the needs of the end user.It is usually preferred if the distance between the structural ceiling and the dropdown ceiling is relatively less, thus, making it ideal for tunnels with lesser height.
The surface mounted lighting can be installed with fewer alterations to the surface.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation.However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the strong healthcare system.
To protect its citizens from the COVID-19 virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the virus.During the COVID-19 pandemic, Europe was one of the regions that were heavily impacted by the halt in the production of factories in the manufacturing and construction sectors.
The industry’s employees were significantly impacted for a brief time when production was suspended due to social distancing conventions.As the governments are emphasizing on big infrastructure plans and investments, the tunnel lighting business has gained traction and is constantly moving forward.
Furthermore, the industry has taken advantage of this time to close loopholes and impose a specific future. The sales for LED lights are set to rebound in the coming months, which will impact the tunnel lighting market as well. The European region has the largest market for tunnel lighting.
The overall Europe tunnel lighting market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the Europe tunnel lighting market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe tunnel lighting market. Aeon Lighting Technology Inc.; C. & G. CARANDINI, S.A.U.; Cree Lighting; Schréder; Signify Holding (Philips); Siteco GmbH; Thorlux Lighting; and Tungsram are among the key players operating in the Europe tunnel lighting market.
Our reports have been used by over 10K customers, including:
The tunnel lighting market in North America is expected to grow from US$ 488.71 million in 2021 to US$ 666.51 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Roadways tunnels are among the most accident-prone zones when it comes to road transport, especially highways, as the vehicles are traveling at a...
The tunnel lighting market is projected to reach US$ 2,955.7 million by 2028 from US$ 1,978.8 million in 2020; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Owing to the rise in need of energy conservation and concerns regarding increasing levels of carbon emissions, governments and corporates worldwide are investing...
The tunnel lighting market in APAC is expected to grow from US$ 587.06 million in 2021 to US$ 902.07 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028. Owing to the increasing need for energy conservation and rising concerns over carbon emission, governments and corporates across the region are investing in...
The tunnel lighting market in the MEA is expected to grow from US$ 88.73 million in 2021 to US$ 134.53 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. Mining involves the extraction of minerals from the surface of the earth.These minerals are the backbone of human civilization as the utilization of these...
The quantum dot market is estimated to be worth USD 4.0 billion in 2021 and is projected to reach USD 8.6 billion by 2026, at a CAGR of 16.2%. Increasing demand for quantum dots in display devices, advanced features of quantum dots and the diverse applications of quantum dots are some of the major factors driving the growth of the quantum...
The machine vision lighting market expected to reach US$ 2,038.8 million by 2028 from US$ 1,125.1 million in 2021; it is estimated to register a CAGR of 8.0% from 2021 to 2028. The overall market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South and Central America.The presence of...
The global flash LED market exhibited moderate growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of 6.8% during the forecast period (2021-2026). Flash LED refers to a light-emitting component that captures low-light images or videos by illuminating the objects. It is also utilized...
The global architectural lighting market is expected to exhibit moderate growth during 2021-2026. Architectural lighting is a combination of technology and art that enhances the experience and ambience of any space or building. Architectural lighting majorly focuses on three aspects of any building or area, i.e. aesthetics,...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Europe Lighting Control System Market Report The Europe lighting control system to grow at a CAGR of over 18% during 2021-2026 The European lighting control system market size was valued at USD 3 billion in 2020 and is expected to reach...
840 pages •
By Global Industry Analysts
• May 2021
Abstract: Global Lighting Fixtures and Luminaires Market to Reach $112.9 Billion by 2027 Amid the COVID-19 crisis, the global market for Lighting Fixtures and Luminaires estimated at US$79.2 Billion in the year 2020, is projected to reach a revised size of US$112.9 Billion by 2027, growing...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.