Platform Screen Door System Market Report

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Platform Screen Door System Market Report
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INTRODUCTION
Platform screen door systems are barriers
installed at transfer stations as a barrier
between passengers and transfer areas such as
platforms or airport runways. Platform screen
door systems are designed to provide safety and
security to passengers thereby reducing the
chance of accidents due to human intervention.
They are a new addition to transit stations
around the world and are constantly being
developed to provide better versions of platform
screen door systems to reduce accidents.
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KEY INSIGHTS
MARKET SIZE 821.3 million
2022
FORECAST 1,384.9 million
2030
CAGR 6.8
2030
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REVENUE MARKET SHARE BY SEGMENTS 2022
Full-Closed Type Type 56.2
Metro Application Technology 48.6
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GLOBAL PLATFORM SCREEN DOOR SYSTEM MARKET REVENUE
SHARE FOR 2022
North America 41.4
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Drivers
The increasing demand for safe and efficient
transportation systems in urban areas Increasing
demand for safer and more efficient
transportation systems, and growing focus on
sustainability and energy efficiency
Restraints
High capital requirements and need to upgrade
existing safety systems
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AUTHOR'S PERSPECTIVE

• The market for platform screen doors may expand
  as a result of three main factors rising need
  for safety, an increase in railway-based
  transportation, and a growing population.

• The market throughout the projection period can
  change as a result of recent improved technology
  advances.

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KEY PLAYERS
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