According to Stratistics MRC, the Global Platform Screen Door System Market is accounted for $710.50 million in 2019 and is expected to reach $1,239.10 million by 2027 growing at a CAGR of 7.2% during the forecast period. Some of the factors such as increasing need for public safety and enormous transportation infrastructure development are propelling the market growth. However, refurbishment of existing safety system and high capital requirement are hampering the market growth.
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Based on the application, the metro segment is estimated to have a lucrative growth due to the need for setting up of a security barrier between the platform and metro to keep away from accidents. Metro stations have a spacious application of dissimilar kinds of platform screen door system owing to high revenue and are likely to follow the same trend throughout the forecast period. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the amplified inclination towards upgrading the existing technology.
Some of the key players profiled in the Platform Screen Door System Market include Westinghouse Electric Corpora, Manusa, Gilgen Door Systems AG., Horton Automatics, Panasonic Corporation, Fangda Group, Toshi Automatic Systems Pvt. Ltd., Stanley Access Technologies LLC., Shanghai Jiacheng Railway International, Faiveley Transport, Nabtesco, and Nanjing Kangni.
Product Types Covered:
• Full Height
• Half Height
• Semi Height
Applications Covered:
• Airport
• Bus Stop
• Metro
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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