North America Tunnel Lighting Market to Grow at a CAGR of 4.5% to reach US$ 666.51 Mn Million from 2021 to 2028

The tunnel lighting market in North America is expected to grow from US$ 488.71 million in 2021 to US$ 666.51 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. The railway plays a pivotal role in the transport system of any economy as the development of trade, industry, and commerce is largely dependent upon development of transport infrastructure. The railways are not only considered the cost efficient but also a reliable source of transport. Large amount of goods and passengers can be transported over long distances with minimum possibilities of failures or delays compared to roadways. Moreover, load capability of trains is flexible 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 unlike conventional diesel-powered engines. Owing to these benefits, governments across the region is increasingly focusing on developing their railway network. Thus, the growing railway network is projected to drive the tunnel lighting market.

North America is one of the leading regions in terms of the development and adoption of new technologies; this is mainly attributed to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial sector hampers the economic growth of the region. Presently, the US is the world’s worst-affected country due to COVID-19 outbreak. The tunnel lighting market’s reliance on manufacturing industry like construction companies and electronics component manufacturers has been highlighted by the recent pause in manufacturing units due to COVID. As a result, the number of tunnel construction projects worldwide is increasing. The increased number of tunnels being built is driving up demand for tunnel lighting, which is projected to continue in the foreseeable future. The overall demand for tunnel lighting is likely to increase once the industries attain normal operational conditions; these lighting is much needed because of the rise in safety regulations. Owing to the favorable government policies and ever-increasing investment by North American countries in infrastructure building, North America has a large demand for tunnel lights. Any impact on manufacturing sector is projected to have a negative influence on the region's economic development.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the tunnel lighting market. The North America tunnel lighting market is expected to grow at a good CAGR during the forecast period.

North America Tunnel Lighting Market Segmentation

North America Tunnel Lighting Market – By Design

• Standard
• Customized

North America Tunnel Lighting Market – By Installation

• Surface Mounted
• Hanging
• Recessed/side wall mounted

North America Tunnel Lighting Market – By Type

• LED lighting
• Incandescent lighting
• Fluorescent lighting
• Others

North America Tunnel Lighting Market – By Application

• Mining Tunnels
• Roadway Tunnels
• Railway Tunnels
• Others

North America Tunnel Lighting Market- By Country

• US
• Canada
• Mexico

North America Tunnel Lighting Market-Companies Mentioned

• ACUITY BRANDS, INC.
• Aeon Lighting Technology Inc.
• Cree Lighting
• GE Lighting
• Kenall Manufacturing
• Signify Holding (Philips)
• Thorlux Lighting
• Tungsram