The Tunnel Lighting Market Is Projected To Reach A Valuation Of Nearly US$ 3 Bn By The End Of 2030 – The New York Irish Emgirant

2022-04-29 09:04:33 By : Ms. Dilys Liu

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Adoption of energy-efficient LED lighting and control systems with improved technologies is expected to drive the tunnel lighting market over the forecast period, according to Fact.MR. Moreover, increasing transportation infrastructural development is projected to be a key contributor to market growth over the coming years. Developmental projects, especially in road and rail infrastructure, taken up by developing countries such as India and China, are expected to positively impact market growth.

Innovations in products such as daylight- and weather-adaptive lighting are expected to fuel demand for tunnel lighting, as they help increase safety of drivers and are also cost-effective. These technologically-advanced LED lights assist drivers in adapting and adjusting to various road conditions effectively. Apart from this, they have the ability to withstand corrosion, offering more than 70% power efficiency. With these features, LED lights are anticipated to be one of the key drivers for the growth of the global tunnel lighting market.

Fact.MR predicts the global tunnel lighting market to cross a valuation of US$ 3 Bn by the year 2030.

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Presence of several international as well as regional players makes the global tunnel lighting market highly competitive. Key players in the market are focusing on collaborations and partnerships to expand their reach across the world. Furthermore, companies are investing in research & development to find new applications of tunnel lighting in order to stay ahead of the competition in the market.

For instance, CCS Inc., in partnership with Yokohama-based lighting manufacturer AITEC SYSTEM Co., Ltd. (AItec), has launched CCSAItec, a new brand of line lights that combine CCS’s extensive lighting knowledge and AItec’s expertise in line scan illumination.

This comes in the wake of the industry’s rapidly growing need for high-performance lighting for longer duration.

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