According to a recent report published by Allied Market Research, titled, โPlatform Screen Door System Marketย by Product Type, and Application: Opportunity Analysis and Industry Forecast, 2017โ2026,โ the global platform screen door system market was valued at $630.00 million in 2017, and is projected to reach $1,010.00 million by 2026, registering a CAGR of 5.2%.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ – https://www.alliedmarketresearch.com/request-sample/6897
Asia-Pacific dominates the market in terms of revenue, followed by Europe, North America and LAMEA. China dominated the global platform screen door system market share in 2019, and is expected to grow at a significant rate during the forecast period, due to the increased inclination towards upgrading the existing technology.
The key players analyzed in this report are
Faiveley Transport,
Fangda Group,
Gilgen Door Systems AG.,
Horton Automatics,
Manusa,
Panasonic Corporation,
Jiacheng Railway International,
Stanley Access Technologies LLC.,
Toshi Automatic Systems Pvt. Ltd.
Westinghouse Electric Corporation.
Platform screen door systems are a type of automatic gates which are installed at different transit stations such as metro stations, bus stop and airports. Platform screen doors installed at these transit stations acts as a barrier between the passengers and the vehicle propulsion area to ensure the safety and security of passengers. Platform screen doors have found a wider application at different transit stations to reduce suicides and several other activities, which can harm an individual.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ – https://www.alliedmarketresearch.com/platform-screen-door-system-market/purchase-options
Increase in infrastructure development and technology upgradation has supplemented the growth of the global platform screen door system market. Different countries have made investments for the installation of platform screen door system at their transit stations. Most of the transit stations have full height platform screen door system installed to reduce the chances of human error while based on the observation; the half heightย platform screen door system market is expected to register a lucrative growth during the forecast period.
Based on the application, metro stations have a wider application of different types of platform screen door system due to high revenue and are expected to follow the same trend throughout the forecast period. This increased application is due to the need for installation of a safety barrier between the platform and metro to avoid accidents. While based on the observation, application of platform screen door at airports increases the platform screen door system market share.
The global platform screen door system market has been supplemented by factors such as the rising need for public safety and massive transportation infrastructure developments. Moreover, high capital requirement and refurbishment of existing safety system are the factors that hamper the growth of the global platforms screen door system market. However, rise in demand for safe, secure, & efficient transport system and improvement in railway infrastructure in developing countries are the factors that increase the demand for platform screen doors to be installed at transit stations; thus, leading to the growth of the global platform screen door system market.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ – https://www.alliedmarketresearch.com/purchase-enquiry/6897
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
โ By product type, the half-height segment is expected to register a significant growth during the forecast period.
โ Depending on application, the airport segment is anticipated to exhibit significant growth in the near future.
โ Depending on the analysis, Asia-Pacific is the highest revenue contributor to the market whereas LAMEA is expected to register a significant growth during the forecast period.
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