What are the factors driving the growth of Global Platform Screen Doors (PSD) Market? Forecast 2021– 2029 – A Report by Absolute Market Insights – The Manomet Current

Best Brothers Group of Companies - Automatic doors specialist > Security Camera > What are the factors driving the growth of Global Platform Screen Doors (PSD) Market? Forecast 2021– 2029 – A Report by Absolute Market Insights – The Manomet Current

Integration of advanced technologies into the platform screen doors system is anticipated to revolutionize the growth of global platform screen doors (PSD) market over the forecast period. The platform screen doors system are the types of the automatic gates installed across different types of transit stations, including the train stations, metro stations, airports and bus stops and are used as a barrier between the passengers and various platforms. Market participants are increasingly investing towards enhancing the system’s functionality through integration of advanced technologies. LG CNS, for instance, offers a Smart platform screen doors (PSD) integrated with multi-layered sensors and a control unit, which is responsible for monitoring and adjusting the opening and closing operation of the PSDs. Specific solutions have been incorporated into the system, which ensures adequate safety in case of emergency situations.

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The COVID-19 pandemic had an adverse impact on the overall public transportation systems. However, as the countries are gradually relieving lockdown measures, the investments towards public transportation is observed to be on a rise. For instance, Knorr-Bremse in August 2020 entered into a million-euro agreement with Siemens Mobility for supplying 3,760 door systems for 94 trains operated by London Underground on the Piccadilly line. The investment was initiated with a view that the demand for public transportation would escalate over the future years. Similar investment initiatives have also been observed across other developing and developed countries, globally, which indicates significant growth prospects for global platform screen doors (PSD) market over the period of next eight years.

The global platform screen doors (PSD) market accounted for US$ 677.20 Mn in 2020, and is expected to grow at a CAGR of 4.4% during the forecast years (2021-2029).

The detailed research study provides qualitative and quantitative analysis of global platform screen doors (PSD) market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

  • Reduction in manpower costs across train stations owing to the deployment of platform screen doors (PSD) was also identified as a prominent factor driving the growth of global platform screen doors (PSD) market.
  • Countries globally are installing platform screen doors in order to reduce the risk of accidents across different transit stations and to provide better security to the commuters.
  • In 2020, Europe dominated the global platform screen doors (PSD) market. The region encountered substantial investments towards public infrastructure along with rapid adoption of advanced technologies.
  • Some of the key players operating in the global platform screen doors (PSD) market are ALBAYRAK Makine Elektronik, Clearsy, Horton Automatics, Jiacheng Railway International, Manusa, Nabtesco Corporation, Panasonic Corporation, Portalp International, Stanley Access Technologies LLC, Toshi Automatic Systems Pvt. Ltd, Wabtec Corporation, Knorr-Bremse, Zhuzhou CRRC Times Electric Co., Ltd.

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Global Platform Screen Doors (PSD) Market:

  • By Product Type
    • Full Height Doors
    • Edge Doors
    • Gate Doors

 

  • By Application
    • Train Station
    • Metro Station
    • Bus Stops
    • Tram Station
    • Others

 

  • By Region
    • North America
      • S.
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
        • Denmark
        • Finland
        • Iceland
        • Sweden
        • Norway
      • Benelux Union
        • Belgium
        • The Netherlands
        • Luxembourg
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America

 

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