Hi, what are you looking for?
According to our latest market study by The Insight Partners Tunnel Lighting Market “Growing Mining Industry Provides Growth Opportunities for Tunnel lighting Market Players” Forecast to 2028 – COVID-19 Impact and Global Analysis – by Design, Installation, Type, and Application,” the market is expected 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.”
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 are among the major companies operating in the tunnel lighting market.
The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents a Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPRE00020286/
Increasing Need for Road Safety Boosts Tunnel Lighting Market Growth
Minerals extracted from mining are the backbone of human civilization. These minerals are widely used across industries such as manufacturing, power generation, chemicals and petrochemicals, healthcare and pharmaceuticals, and construction. Currently, copper, coal, iron ore, gold, and aluminum are among the most mined minerals. Moreover, the aggregate revenue of top 40 mining companies has grown steadily from 2016 to 2019. In 2020, they witnessed a fall in revenue due to the COVID-19 outbreak. Moreover, with the growing rate of industrialization and urbanization, and increasing need of energy, the demand for minerals is projected to rise significantly during the forecast period.
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.
The steady growth of the mining industry is subsequently boosting the adoption of tunnel lighting at mining sites, thus generating steady growth opportunities for the tunnel lighting market players.
Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well – https://www.theinsightpartners.com/speak-to-analyst/TIPRE00020286/
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.
Immediate delivery of our off-the-shelf reports and pre booking of upcoming studies, through flexible and convenient payment methods – https://www.theinsightpartners.com/buy/TIPRE00020286/
Key findings of the study:
Thanks for reading this release; you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
A woman stands at the entrance to a makeshift shelter in a kindergarten basement in Lysychansk - Copyright AFP Yasuyoshi CHIBACharlotte Plantive, with Dmitry...
In Barentsburg, in Norway's Svalbard archipelago, relics of a bygone era bear witness to Russia's longstanding presence - Copyright AFP Yasuyoshi CHIBAPierre-Henry DESHAYESWar may...
Ransomware attacks are continuing to infiltrate organizations and cause significant disruption.
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.