Europe Tunnel Sensor Market to Grow at a CAGR of 5.6% to reach US$ 1,622.8 Million from 2020 to 2027

In terms of revenue, the Europe tunnel sensor market was valued at US$ 1,064.7 million in 2019 and is expected to grow at a CAGR of 5.6% during the forecast period to reach US$ 1,622.8 million by 2027.

The COVID-19 outbreak is anticipated to affect the growth rate of Europe tunnel sensor market in the year 2020 and 2021 and thus there is sharp decline in y-o-y growth during these years. However, the growth is expected to normalize from 2021 onwards and the market is projected to grow at a steady pace.

The growing government initiatives for the development of road tunnel and rail tunnel infrastructure across Europe is boosting the tunnel sensor market. The transport infrastructure in Europe is also booming with the help of government investment by launching various initiatives. For instance, in September 2019, the EU announced an investment of about US$ 127.14 million for 39 key transport projects that majorly focus on the development of sustainable transport modes to reduce noise produced by freight trains, enhance and develop cross-border railway links with upgrades in crucial infrastructure ports. These 39 projects are financed by Connecting Europe Facility (CEF) for supporting the transport infrastructure. Furthermore, the rising safety concerns, as well as the growing adoption of automated and connected mobility, demand better and efficient road safety. Thus, there is rising integration of advanced technological devices, such as sensors, to monitor fire, smoke, air quality, and visibility on road and inside the road tunnel to avoid unexpected incidences. All these factors offer ample opportunities for the tunnel sensor manufacturers to focus on the development of these sensors.

Additionally, the EU is not only concentrating on the development of a road tunnel but also investing heavily in the construction of rail tunnels across the region. Several rail projects are going on across different cities in the region, which demand the installation of tunnel sensors for smooth rail transit through the tunnels. A few ongoing rail projects across the region are High Speed 2 Phase 1 (London–Birmingham/Lichfield), Ostlänken Phase 1 (Järna–Linköping) in Sweden, Rail Baltica (Poland, Lithuania, Latvia, Estonia), and Copenhagen–Køge–Ringsted (Denmark). Thus, this is expected to further bolster the demand for tunnel sensors across the region.

Bristol Industrial & Research Associates Ltd, CODEL International Ltd, DURAG GROUP, ACOEM, Geonica, Trolex Ltd, Safibra, s.r.o., and SICK AG are among the key players that were profiled during this market study. In addition to these players, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the Europe tunnel sensor market and its ecosystem

Rest of Europe Tunnel Sensor Market Revenue and Forecast to 2027 (US$ Million)

The report segments the

Europe tunnel sensor market as follows:

Europe Tunnel Sensor Market – By Solution

• Visibility Monitoring
• Air Flow Monitoring
• Air Quality Monitoring
• Filter Monitoring
• Fire Monitoring
• Others

Europe Tunnel Sensor Market – By Services

• Installation Services
• Maintenance Services
• Consulting Services

Europe Tunnel Sensor Market – By Connectivity

• Wired
• Wireless

Europe Tunnel Sensor Market – By Application

• Road Tunnels
• Rail Tunnels
• Others

Europe Tunnel Sensor Market – By Country

• Germany
• Italy
• France
• UK
• Russia
• Rest of Europe

Europe Tunnel Sensor Market -Companies Mentioned

• Bristol Industrial & Research Associates Ltd.
• CODEL International Ltd.
• DURAG GROUP
• ACOEM
• Geonica
• Trolex Ltd.
• Safibra, s.r.o.
• SICK AG

Europe Tunnel Sensor Market Report Scope

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