“The tunnel automation market is expected to grow at a CAGR of 8.12% from 2018 to 2023”
The tunnel automation market is expected to grow from USD 2.89 billion in 2018 to USD 4.27 billion by 2023, at a CAGR of 8.12%. The growth of this market is mainly driven by the factors such as rising incidents of road accidents, tightening government regulations for the deployment of tunnel automation solutions, and growing integration of IoT and cloud into tunnel automation solutions. However, the shortage of technical or skilled engineering workers to deploy tunnel monitoring solutions restrains the growth of the tunnel automation market.
“Market for HVAC components is likely to grow at the highest CAGR during the forecast period”
HVAC components are expected to wit
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