What is Global Platform Screen Doors (PSD) Market?
The Global Platform Screen Doors (PSD) Market is a burgeoning field that has seen significant growth in recent years. Platform Screen Doors, or PSDs, are safety barriers used in metro stations to separate the platform from the tracks. They are designed to prevent accidents such as falls onto the track area, or suicides. These doors open and close automatically, synchronized with the train's doors. They are a crucial part of modern metro systems, contributing to the safety, efficiency, and comfort of passengers. The global PSD market was valued at a substantial US$ 851.8 million in 2022. It is projected to reach an impressive US$ 1287 million by 2029, indicating a steady Compound Annual Growth Rate (CAGR) of 6.0% from 2023 to 2029.
Full-Closed Type, Semi-Closed Type, Half Height Type in the Global Platform Screen Doors (PSD) Market:
The Global Platform Screen Doors (PSD) Market is segmented into Full-Closed Type, Semi-Closed Type, and Half Height Type. The Full-Closed Type doors extend from the floor to the ceiling of the platform, providing a complete barrier between the platform and the track. They are commonly used in fully automated metro systems. The Semi-Closed Type doors, on the other hand, do not extend all the way to the ceiling. They provide a partial barrier, which is often sufficient to prevent accidents. The Half Height Type doors, as the name suggests, only extend halfway up from the platform floor. They are typically used in metro systems where full height doors are not feasible or necessary. Each of these types has its own advantages and disadvantages, and the choice between them depends on various factors such as the specific requirements of the metro system, the available budget, and the local regulations.
Metro, Other Transportation in the Global Platform Screen Doors (PSD) Market:
The Global Platform Screen Doors (PSD) Market finds its primary application in the Metro sector. Metro systems worldwide are increasingly adopting PSDs to enhance passenger safety and operational efficiency. The doors prevent people from falling onto the tracks, either accidentally or intentionally. They also help to control the platform environment, for example by reducing the noise and dust from the tunnel. In addition, they can improve the efficiency of train operations by enabling precise stopping positions and faster passenger boarding and alighting. Another application of PSDs is in Other Transportation systems, such as airports and bus stations. Here, they can serve similar purposes as in metro systems, contributing to passenger safety and operational efficiency. However, the adoption of PSDs in these sectors is currently less widespread than in the Metro sector.
Global Platform Screen Doors (PSD) Market Outlook:
The future of the Global Platform Screen Doors (PSD) Market looks promising, with a projected growth from US$ 851.8 million in 2022 to US$ 1287 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period from 2023 to 2029. The largest market for PSDs is in the Asia-Pacific region, which accounts for about 70% of the global market. This is followed by Europe and North America, which hold approximately 15% and 10% of the market share respectively. These figures reflect the current state of the PSD market, and they may change as the market continues to evolve.
| Report Metric | Details |
| Report Name | Platform Screen Doors (PSD) Market |
| Accounted market size in 2023 | US$ 855.9 million |
| Forecasted market size in 2029 | US$ 943.1 million |
| CAGR | 1.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Nabtesco, Kangni, Fangda, Faiveley(Wabtec), Jiacheng, KTK, Panasonic, Shanghai Electric, Horton Automatics, Stanley, Westinghouse(Knorr-Bremse), zhongcheshidai, ST Engineering, Portalp, Manusa |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
