Amidst environmental concerns, the tunnel lighting market is witnessing a tectonic shift toward energy-efficiency and sustainability. Tunnel lighting manufacturers are increasingly focused on rolling out energy-efficient products that adhere to stringent guidelines pertaining to the use of tunnel lighting in different regions. As government bodies across the world continue to invest resources to improve transport infrastructure, the number of tunnel construction projects has increased at a rapid pace due to which, the demand for tunnel lighting is on the rise. The mounting concerns over transportation safety and focus on sustainable urban mobility are expected to accelerate the demand for tunnel lighting systems during the forecast period.
Soaring consumer demand for energy-efficient, durable, and low-emission lighting systems is likely to influence the growth of the tunnel lighting market in the coming years. The rise in the number of tunnel accidents across the world coupled with technological advancements is likely to aid the adoption of advanced tunnel lighting systems during the assessment period. Moreover, data collection techniques have evolved due to strides taken by sensor technology and the development of cutting-edge cameras. At the back of these factors, the global tunnel lighting market is expected to reach a value of ~US$ 3 Bn by the end of 2027.
High Demand for Energy-efficient LED Lights to Augment Market
As sustainable transportation continues to gain noteworthy momentum worldwide, the adoption of energy-efficient tunnel lighting systems is on the rise. Several companies operating in the current market landscape are leveraging the benefits of new technologies to develop improved lighting systems with enhanced designs. Adaptive lighting and steady rise in the adoption of energy-efficient LED lighting and control systems in new tunnel projects worldwide are expected to play a key role in boosting the growth of the market for tunnel lighting during the forecast period. In addition, innovations such as daylight and weather adaptive lighting are projected to improve the safety of transportation systems in a cost-effective manner due to which, the high demand for tunnel lighting systems is expected.
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The current generation of LED lights play an important role in assisting drivers to adjust and adapt to the road efficiently, have the ability to withstand corrosive environments, and offer over 75% power efficiency– factors that have played a critical role in increasing the demand for LED tunnel lights in recent times. Within the tunnel lighting market, LED lightings are expected to remain the most preferred lighting alternative throughout the entirety of the forecast period.
Market players are anticipated to leverage the surge in interest for LED lights in modern tunnel systems. Several new tunnels LED tunnel lighting systems have exhibited exceptional lighting quality, which has played a key role in minimizing tunnel accidents. Solid-state-lighting (SSL) is expected to gain pace over the coming years, as more municipalities across the world are favoring the incorporation of LED lighting systems in tunnels. In addition, as SSL technologies continue to evolve, the quality of LED lighting systems has also improved at a consistent pace– a major factor that is expected to propel the demand during the assessment period.
Rise in Tunnel Construction Projects Worldwide to Drive Market
The number of tunnel construction projects across the world has witnessed a considerable surge in recent years, owing to a focus on improving transportation infrastructure. Several nations across the developing region of the Asia Pacific, including China and India have sanctioned the construction of new tunnels due to which, the demand for tunnel lighting systems is expected to witness consistent growth. While construction of new tunnels is likely to pick pace, municipality bodies across the world are also focusing on replacing the conventional legacy lights with LED tunnel lights to maximize safety, reduce energy consumption, and promote sustainable mobility.
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Apart from rise in the number of road tunnel construction projects, a surge in the number of rail tunnel construction projects is expected in the upcoming years.
COVID-19 Pandemic Likely to Delay Construction Projects
The unforeseen arrival of the COVID-19 virus has stalled operations across major industries worldwide. The impact of the pandemic is likely to have a strong impact on the construction sector particularly in the developing regions, including India and China. Construction projects are expected to stall or progress at a slow pace due to a lack of personnel and safety measures imposed by government bodies to combat the pandemic. While construction projects are set to miss the deadline, market players in the tunnel lighting market are expected to seek opportunities by exploring the potential use of their products in other industrial domains, including healthcare. Product innovation and value addition will remain key factors for companies in the current market landscape.
