Tunnel lighting has advanced significantly over the years, with energy-efficient, high-performance illumination that lasts a long time. In this area, LED lights have created a name for themselves, as visibility is one of the most crucial requirements in tunnels. Market participants will be turning to Europe, which is the largest market for tunnel lights, as well as Asia Pacific, which is predicted to grow rapidly over the next ten years. Tunnel lighting has a wide range of advantages such as improving road conditions in a tunnel, reducing driver fatigue, improving tunnel capacity to ensure traffic safety, and improving visual enjoyment in a tunnel, among others. Tunnel lighting allows safe entrance and exit of traffic, illuminating the tunnel interior in a way that enables drivers to adjust quickly to the light. This helps in avoiding any mishap and maintaining the drive through the enclosed area without obstacles and the need to reduce speed. This factor is likely to boost the market.
ACUITY BRANDS, INC., SIGNIFY HOLDING (PHILIPS), CREE LIGHTING, SITECO GMBH, AND GE LIGHTING – PROMINENT MARKET PARTICIPANTS IN TUNNEL LIGHTING MARKET
ACUITY BRANDS, INC., Signify Holding (Philips), Cree Lighting, Siteco GmbH, and GE Lighting International are some of the key market players operating in the global tunnel lighting market. The listing of key players is derived by considering multiple factors such as overall revenue, current tunnel lighting product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the tunnel lighting ecosystems which were studies analyzed during the course of this market research study, such as, Kenall Manufacturing, Aeon Lighting Technology Inc., Schréder, Thorlux Lighting, Tungsram, C. & G. CARANDINI, S.A.U., and Eastar Lighting.
Most of the market initiatives were observed in North American and Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| 2020 | Cree Lighting Announces Expansion of Racine, Wisconsin Manufacturing Facility | North America |
| 2019 | SITECO equips the most advanced and safest tunnel in Austria with efficient LED lighting. | Europe |
