What is Global Platform Screen Door (PSD) Market?
The Global Platform Screen Door (PSD) Market is an intriguing area of study that focuses on the worldwide market for platform screen doors. These are safety barriers used in subway and metro stations to separate the platform from the tracks. They are designed to prevent accidents such as people falling onto the tracks or coming into contact with moving trains. The doors are synchronized with the train doors, opening and closing simultaneously. The market analysis for these doors includes a detailed examination of the market size, growth rate, trends, and forecast. The Global PSD Market is a significant segment of the transportation industry, with its value and influence extending across the globe. The market's dynamics are influenced by various factors, including technological advancements, the increasing emphasis on safety in public transportation, and the growth of urban populations leading to the expansion of metro networks.
Full-Closed Type, Semi-Closed Type, Half Height Type in the Global Platform Screen Door (PSD) Market:
The Global Platform Screen Door (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 tracks. This type is commonly used in underground metro systems to prevent accidents and control the platform's climate. The Semi-Closed Type, on the other hand, does not extend to the ceiling but still provides a substantial barrier. These are typically used in above-ground metro stations where full climate control is not necessary. The Half Height Type, as the name suggests, only extends halfway up, providing a barrier to prevent passengers from accidentally falling onto the tracks but not offering any climate control. Each type has its own market share, with demand influenced by factors such as the specific needs of the metro system, budget constraints, and local regulations.
Metro, Other Transportation in the Global Platform Screen Door (PSD) Market:
The Global Platform Screen Door (PSD) Market finds its primary application in Metro systems. These doors play a crucial role in ensuring passenger safety in bustling metro stations worldwide. They prevent passengers from accidentally falling onto the tracks and provide a barrier against the rush of air caused by incoming and outgoing trains. In addition, they help control the platform's climate in underground stations, improving passenger comfort. Another application of PSDs is in Other Transportation systems, such as airports and bus terminals. Here, they serve a similar purpose, providing a safety barrier between passengers and potential hazards. The market for PSDs in these areas is growing, driven by increasing safety concerns and the expansion of public transportation networks.
Global Platform Screen Door (PSD) Market Outlook:
Looking at the market outlook for the Global Platform Screen Door (PSD) Market, it's clear that this sector is set for steady growth. In 2023, the market was valued at a substantial US$ 812.4 million. By 2030, it's expected to reach an impressive US$ 943.1 million, growing at a Compound Annual Growth Rate (CAGR) of 1.6% during the forecast period from 2024 to 2030. The market is dominated by the top five global manufacturers, who collectively hold a 54% market share. Geographically, the Asia-Pacific region leads the way in platform screen door sales, accounting for a whopping 75% of the global market. Europe holds about 14% of the market, while North America accounts for about 7%.
| Report Metric | Details |
| Report Name | Platform Screen Door (PSD) Market |
| Accounted market size in 2023 | US$ 812.4 million |
| Forecasted market size in 2030 | US$ 943.1 million |
| CAGR | 1.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption 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 |
