Platform Screen Door System Market Size, Share, Price, Growth, Industry Report and Forecast 2023-2028

Business

Market Size & Share:

The Global Platform Screen Door System Market was valued at USD 902.3 million in 2022 and is expected to reach USD 1,258.22 million by 2028, growing at a CAGR of 5.71% during the forecast period 2023-2028. The market is primarily driven by the increasing adoption of PSD systems, especially in countries with well-developed metro and subway networks such as China, Japan, South Korea, and Singapore. The demand for energy-efficient, eco-friendly, and automated PSD systems is also increasing due to the growth of smart cities and the need for sustainable transportation systems.

Market Dynamics:

Drivers

• Growing concerns about passenger safety and the need for better crowd management systems.
• The increasing adoption of PSD systems in several countries across the world.
• The growth of metro and subway networks in emerging economies.
• The emergence of smart cities and the need for sustainable transportation systems.
• The demand for energy-efficient, eco-friendly, and automated PSD systems.

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Restraints

• High installation and maintenance costs of PSD systems.
• The lack of standardization and interoperability among different PSD systems.
• Security concerns related to the use of PSD systems.
• Technical glitches and operational issues with PSD systems.
• The lack of awareness and understanding of PSD systems among the general public.

Market Segmentation:

By Type

• Full Height Platform Screen Doors
• Half Height Platform Screen Doors
• By Component
• Panels
• Motors
• Sensors
• Others
• By End-User
• Metro and Subway Stations
• Airports
• Bus Rapid Transit (BRT) Systems
• Others

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Regional Analysis:

• North America
• The US
• Canada
• Mexico
• Europe
• Germany
• France
• The UK
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Rest of Asia-Pacific
• Middle East & Africa
• Saudi Arabia
• The UAE
• South Africa
• Rest of Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Competitive Landscape:

The global platform screen door system market is highly competitive, with several leading players operating in the market. Some of the key players in the market include:

• Panasonic Corporation
• Nabtesco Corporation
• Westinghouse Air Brake Technologies Corporation (Wabtec)
• Stanley Black & Decker, Inc.
• Siemens AG
• Horton Automatics
• Faiveley Transport
• KONE Corporation
• Manusa
• Shanghai Jiacheng Railway Transportation Safety Technology Co., Ltd.

These companies are focusing on product innovation, mergers and acquisitions, and partnerships to expand their market share and strengthen their position in the global market.

Industry Outlook:

The global platform screen door system market is expected to witness significant growth in the coming years due to the increasing adoption of PSD systems in several countries across the world. The market is driven by the growing concerns about passenger safety, the need for better crowd management systems, and the emergence of smart cities. The demand for energy-efficient, eco-friendly, and automated PSD systems is also increasing due to the growth of sustainable transportation systems.

Key Players:

• Panasonic Corporation
• Nabtesco Corporation
• Westinghouse Air Brake Technologies Corporation (Wabtec)
• Stanley Black & Decker, Inc.
• Siemens AG
• Horton Automatics
• Faiveley Transport
• KONE Corporation
• Manusa
• Shanghai Jiacheng Railway Transportation Safety Technology Co., Ltd.

FAQs:

Q: What are platform screen doors?
A: Platform screen doors are automatic doors that separate the train platform from the railway tracks, enhancing passenger safety.

Q: What is the global platform screen door system market expected to reach by 2028?
A: The global platform screen door system market is expected to reach USD 1,258.22 million by 2028, growing at a CAGR of 5.71% during the forecast period 2023-2028.

Q: What are the drivers of the platform screen door system market?
A: The drivers of the platform screen door system market include the growing concerns about passenger safety, the increasing adoption of PSD systems in several countries across the world, the growth of metro and subway networks, and the emergence of smart cities.

Q: What are the major components of platform screen doors?
A: The major components of platform screen doors include panels, motors, sensors, and others.

Q: Which are the key players in the platform screen door system market?
A: Some of the key players in the platform screen door system market include Panasonic Corporation, Nabtesco Corporation, Westinghouse Air Brake Technologies Corporation (Wabtec), Stanley Black & Decker, Inc., Siemens AG, and others.

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