Tunnel Lighting Market Projected to Reach US$ 2,955.7 Million by 2028
Tunnel Lighting Market participants will be turning to Europe, which is the largest market for tunnel lights, and Asia Pacific, which is predicted to grow rapidly over the next 10 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. Tunnel lighting also 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.
In 2020, Europe held the largest revenue share of global tunnel lighting market. The market growth in Europe is credited to the rising government initiatives and support, as well as expenditures in the adoption of energy-efficient lighting systems. The MEA and SAM regions are also contributing significantly to the global tunnel lighting market growth. The rise in construction sites integrated with a number of comfort features in the MEA and rise in the number of tunnel construction projects in SAM are the key factors contributing to the market in these regions.
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