The tunnel lighting market is expected to grow from US$ 1,978.8 million in 2020 to US$ 2,955.7 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.
The railway plays a pivotal role in the transport system of any economy as the development of trade, industry, and commerce is largely depended upon development of transport infrastructure. The railways are not only considered the cost efficient but also a reliable source of transport. Large amount goods and passengers can be transported over long distance with minimum possibilities of failures or delays compared to roadways. Moreover, load capability of trains is elastic 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 compared to conventional diesel-powered engines. Owing to these benefits governments across the globe are increasing focusing on development of their railways network. For instance, the Malaysia’s new East Coast Rail Line which was started in 2019 is expected to witness construction of 30-40 tunnels for the 640KM railway line. In February 2018, PKP Polskie Linie Kolejowe, a Polish railway company a contract of €966 million for development of 18km section of the Brenner Base Tunnel in Austria. In 2019, Finest Bay Area Development company along with China Railway Engineering Company, China Railway International Group, China Communications Construction Company, was jointly awarded euro 15 billion for construction of 100km of tunnel between Finland and Estonia. Thus, heavily emphasis on developing railway network across the globe is projected to drive the market of tunnel lighting market.
Impact of COVID-19 Pandemic on Tunnel Lighting Market
According to the latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. In 2020, the world economy suffered severe consequences, and the effects are expected to endure to some extent. The outbreak has led to disruptions in primary industries, including electronics, construction, and manufacturing. A sharp decline in the growth of mentioned industries is limiting the tunnel lighting market growth.
Lucrative Regional Markets for Tunnel Lighting Providers
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Tunnel Lighting Market Insights
Increasing Need for Road Safety Boosts Tunnel Lighting Market Growth
Roadways tunnels, especially highway tunnels, are among the most accident-prone zones due to the high speed of vehicles. Thus, it is important to maintain sufficient lighting conditions inside the tunnel for ensuring smooth flow of traffic. Optimum lighting allows vehicle drivers to identify obstacles and navigate through the tunnel without reducing speed. The CIE Guidance for tunnel lighting system compels system integrators to consider 5 key areas—access zone tunnel lighting system, threshold zone tunnel lighting system, transition zone tunnel lighting system, interior zone tunnel lighting system, and exit zone tunnel lighting system. Moreover, the growing road networks in remote and mountainous terrains is leading to the construction of newer roadway tunnels. Thus, the rise in number of roadway tunnel development projects, coupled with increasing importance of road safety, is driving the growth of tunnel lighting market.
Installation-Based Market Insights
Based on installation, the tunnel lighting market is segmented into surface mounted, hanging, and recessed / side wall mounted. The surface mounted segment led the tunnel lighting market in 2020. Surface-mounted lighting systems are specially mounted to the ceiling of tunnels and are also known as ceiling-mounted lightning systems. The surface-mounted lighting products is available in various shapes and sizes, and they can also be customized according to the needs to end users. These lighting products are usually preferred when the distance between structural ceiling and dropdown ceiling is relatively less, which makes them ideal for tunnels with lesser heights. The surface-mounted lightning systems can be installed with fewer alterations to the surfaces.
Tunnel Lighting Market, by Design – 2020 and 2028
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Note: The outer circle represents market size for 2028, and the inner circle represents market size for 2020.
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Tunnel Lighting Market: Strategic Insights
Market Size Value in US$ 1,978.8 Million in 2020 Market Size Value by US$ 2,955.7 Million by 2028 Growth rate CAGR of 5.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Tunnel Lighting Market: Strategic Insights
Market Size Value in | US$ 1,978.8 Million in 2020 |
Market Size Value by | US$ 2,955.7 Million by 2028 |
Growth rate | CAGR of 5.4% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystThe players operating in the tunnel lighting market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their market positions. A few developments by key players are listed below:
- In 2021, Acuity Brands and ams OSRAM reached an Agreement for Acuity to acquire the ams OSRAM Digital Systems Business in North America.
- In 2020, Cree Lighting announced the expansion of the Wisconsin-based manufacturing facility of Racine.
The global tunnel lighting market has been segmented as follows:
Tunnel lighting Market – by Design
- Standard
- Customized
Tunnel lighting Market – by Installation
- Surface Mounted
- Hanging
- Recessed/side wall mounted
Tunnel lighting Market – by Type
- LED lighting
- Incandescent lighting
- Fluorescent lighting
- Others
Tunnel lighting Market – by Application
- Mining Tunnels
- Roadway Tunnels
- Railway Tunnels
- Others
Tunnel lighting Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Sweden
- Norway
- Denmark
- Finland
- Ireland
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- Saudi Arabia
- Egypt
- Nigeria
- South Africa
- Rest of MEA
- South & Central America (SAM)
- Brazil
- Argentina
- Costa Rica
- Colombia
- Peru
- Rest of SAM
Company Profiles
- ACUITY BRANDS, INC.
- Kenall Manufacturing
- Aeon Lighting Technology Inc.
- Signify Holding (Philips)
- Schréder
- Thorlux Lighting
- Tungsram
- Cree Lighting
- Siteco GmbH
- GE Lighting
- C. & G. CARANDINI
- S.A.U.
- Eastar Lighting
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Design , Installation , Type , and Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, Colombia, Costa Rica, Denmark, Egypt, Finland, France, Germany, India, Ireland, Italy, Japan, Mexico, Nigeria, Norway, Peru, Saudi Arabia, South Africa, South Korea, Spain, Sweden, United Kingdom, United States
Frequently Asked Questions
Roadways tunnels are among the most accident-prone zones when it comes to road transport, especially highways, as the vehicles are travelling at a high speed. It is vital to maintain sufficient lighting conditions inside the tunnel to ensure smooth flow of traffic as vehicle drivers can identify obstacles and navigate through the tunnel without reducing speed. Various regulations are enacted with strong emphasis on preventing road accidents and enhancing safety of vehicles inside the tunnel, which tunnel lighting systems need to adhere to. For instance, the CIE guidance for tunnel lighting system requires system integrators to consider five key areas – Access Zone Tunnel Lighting System, Threshold Zone Tunnel Lighting System, Transition Zone Tunnel Lighting System, Interior Zone Tunnel Lighting System, and Exit Zone Tunnel Lighting System. Moreover, the growing road network in remote and mountainous terrains is leading to construction of new roadway tunnels. Thus, the growing development of roadway tunnels, coupled with increasing importance of road safety, is driving the tunnel lighting market.
The market opportunity lies in the growing mining industry. With growing rate of industrialization and urbanization and increasing need for energy, the demand for minerals is projected to increase significantly during the forecast period. The steady growth of mining industry is subsequently contributing to the adoption of tunnel lighting for mining application, thereby generating steady growth opportunities for the tunnel lighting market players.
The global tunnel lighting market was dominated by the standard segment in 2020, which accounted for 77.1% of market share. The standard segment is anticipated to continue its dominance during the forecast period as well. The segment is expected to capture a decent share of 73.9% of overall global tunnel lighting market by 2028, growing at a CAGR of 4.9%. Standardized tunnel lighting is offered in uniform shapes and sizes. Standardized tunnel lighting is commonly offered in linear, round, square, rectangular, and other shapes. The standardized tunnel lighting by different manufacturers has similar features such as dust-resistance and water-resistance. Moreover, these types of lighting are cheaper compared to customized tunnel lighting, owing to which the market share of standardized tunnel lighting is larger. However, there are slight variations among standard tunnel lighting from region to region.
In 2020, Europe led the market with a substantial revenue share, followed by APAC and North America. Europe is a prospective market for tunnel lighting manufacturers.
The major companies in tunnel lighting includes ACUITY BRANDS, INC., Kenall Manufacturing, Aeon Lighting Technology Inc., Signify Holding (Philips), Schréder, Thorlux Lighting, Tungsram, Cree Lighting, Siteco GmbH, GE Lighting, C. & G. CARANDINI, S.A.U., and Eastar Lighting.
Based on Type, the tunnel lighting is segmented into LED lighting, incandescent lighting, fluorescent lighting, and others. The market was dominated by the LED lighting segment, which accounted for 42.4% of the total market share in 2020 and is expected to reach 40.0% of the market share by 2028.
The List of Companies - Tunnel Lighting Market
- ACUITY BRANDS, INC.
- Kenall Manufacturing
- Aeon Lighting Technology Inc.
- Signify Holding (Philips)
- Schréder
- Thorlux Lighting
- Tungsram
- Cree Lighting
- Siteco GmbH
- GE Lighting
- C. & G. CARANDINI
- S.A.U.
- Eastar Lighting
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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