Global Tunnel and Metro Ventilation Market Size By Product (Fans & Blowers, Refrigeration & Cooling Systems, and Heating), By Application (Metro Tunnel, and Road Tunnel), By Geographic Scope And Forecast

Tunnel and Metro Ventilation Market Size And Forecast

Tunnel And Metro Ventilation Market size was valued at USD 6.37 Billion in 2023 and is projected to reach USD 13.5 Billion by 2030, growing at a CAGR of 6.5% during the forecasted period 2024 to 2030.

The metro development across the Asia Pacific region is high. Therefore, the rising development of new metro rail projects is driving the growth of the global tunnel & metro ventilation market. The Global Tunnel and Metro Ventilation Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Tunnel and Metro Ventilation Market Definition

Ventilation across road tunnels and metros offers lucrative benefits to the workers, passengers, and the infrastructure. It ensures the safety of the people or users, during normal as well as emergency operations. Ventilation system plays an important role in tunnels with smoke management as the tunnel is an enclosed passageway within which smoke and other dangerous, toxic, and combustible gases can be accumulated but cannot be thrown out easily. The ventilation system in tunnels easily detects the presence of smoke and unwanted gases and ensures their release out of the tunnel.

Global Tunnel and Metro Ventilation Market Overview

Smoke management in the tunnels, metro stations, and the internal environment of the metro train is critical as it is directly related to the passengers’ safety. Smoke management is required for normal and emergency operations. Thus, the importance of managing the smoke and other gases across metro operations and tunnels is growing around the world. Ventilation provides a clean air environment and maintains reasonable temperatures during congested conditions. Ventilation manages smoke and other gases during normal operation across the metro stations to provide a clean air environment. Thus, right ventilation systems across the metro stations and tunnels play an important role; in aiding the growth of the global tunnel and metro ventilation market. Due to the rise in industrialization, urbanization across the world is growing. Thus, developments of existing as well as new metro projects are growing across the world. The metro development across the Asia Pacific region is high. Therefore, the rising development of new metro rail projects is driving the growth of the global tunnel & metro ventilation market.

These systems used in tunnels, metro stations, and metros, have adverse effects on human health as well as the environment. Especially, temperature, humidity, particulate matter, complex airflows, and volatile organic compounds (VOCs) used in the system, amongst others have negative impacts. The changes in tariffs could affect companies that import and export taxable goods and services with China creating opportunities for them.

Global Tunnel and Metro Ventilation MarketSegmentation Analysis

The Global Tunnel and Metro Ventilation Market is segmented based on Product, Application, and Geography.

Tunnel and Metro Ventilation Market, By Product

• Fans & Blowers• Refrigeration & Cooling Systems• Heating

Based on Product, the market is bifurcated into Fans & Blowers, Refrigeration & Cooling Systems, and Heating. Fans & Blowers accounted for the largest market share of 42.23% in 2020 and is projected to grow at a CAGR of 6.94% during the forecast period. Refrigeration & Cooling Systems was the second-largest market in 2020.

Tunnel and Metro Ventilation Market, By Application

• Metro Tunnel• Road Tunnel

Based on the Application, the market is bifurcated into Metro Tunnel, and Road Tunnel. Metro Tunnel accounted for the largest market share of 59.08% in 2020 and is projected to grow at the highest CAGR of 7.59% during the forecast period. Road Tunnel was the second-largest market in 2020.

Tunnel and Metro Ventilation Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Tunnel and Metro Ventilation Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific accounted for the largest market share of 36.58% in 2020 and is projected to grow at the highest CAGR of 8.13% during the forecast period. Europe was the second-largest market in 2020.

Key Players

The “Global Tunnel and Metro Ventilation Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Howden, ABB, Systemair, Epiroc, Zitron, TLT-Turbo, Twin City Fan and Blower, ABC Ventilation Systems, Cogemacoustic, Chicago Blower, and Elta Fans, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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