The global platform screen doors (PSD) market is estimated to grow at a CAGR of 6.0% during the forecast period. Platform screen door systems are a sort of mechanical gate that can be seen in a variety of locations, including metro stations, bus stops, and airports. These transit stations’ platform screen doors operate as a barrier between people and the vehicle propulsion area, ensuring passenger safety and security. The global platform screen door system market has benefited from increased infrastructure development and technological advancements. Several countries have invested in the installation of platform screen doors at their transit stations.
The full height platform screen door system is implemented in most transit stations to limit the possibility of human error, whereas the half-height platform screen door system market is predicted to grow at a lucrative rate during the forecast period. Factors such as the growing demand for public safety and large transportation infrastructure projects have led the global platform screen door system market. In addition, the global platforms screen door system market growth is hampered by high capital requirements and the need to refurbish existing safety systems. However, an increase in demand for safe, secure, and efficient transportation systems, as well as improvements in railway infrastructure in developing countries, are driving demand for platform screen doors to be installed at transit stations, propelling the global platform screen door system market. Metro stations have a larger application of various types of platform screen door systems, and this trend is projected to continue during the forecast period. This increased use is owing to the rising need to place a safety barrier between the platform and the subway in order to prevent accidents. According to the findings, the use of platform screen doors at airports boosts the demand for platform screen door systems.
(Get 15% Discount on Buying this Report)
Get Sample Copy of Global Platform Screen Doors (PSD) Market at https://orionmarketreports.com/request-sample/?id=111789&submit=Request+Sample%0D%0A
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Station Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Panasonic Corp., Stanley Access Technologies LLC., and Toshi Automatic Systems Pvt. Ltd., among others.
A full report is available at: https://orionmarketreports.com/global-platform-screen-doors-psd-market/111789/
Global Platform Screen Doors (PSD) Market Report by Segment
By Type
- Full-Closed Type
- Semi-Closed Type
- Half Height Type
By Station Type
- New Metro Station
- Old Metro Station
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
