Electric Vehicles is Fastest Growing Segment Fueling the Growth of Automatic Platform Screen Doors Market
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| Automatic Platform Screen Doors Market |
Market Overview:
Automatic platform screen doors
are glass or acrylic barriers installed at the train-platform gap in train
stations and metro stations for enhanced passenger safety and station
environment control. They prevent accidental falls onto the tracks and provide
protection from stray animals. They also control air conditioning and
ventilation costs at stations.
The global Automatic Platform
Screen Doors Market is estimated to be valued at US$ 13217.13 Mn in 2023 and is
expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving
the automatic platform screen doors market growth is the rising adoption of
electric vehicles. Stringent norms regarding carbon emissions are promoting
shift towards electric vehicles globally. Subway and metro authorities are
actively adopting upgraded stations with platform screen doors for enhanced
operational efficiency of metro and subway trains. This helps regulate airflow
for optimal functioning of electric trains while preventing accidental falls.
Platform screen doors also enhance travel experience for passengers of
eco-friendly electric and hybrid vehicles traveling via metro and suburban
railway networks.
Segment Analysis
The global automatic platform
screen doors market is segmented by type, application and geography. By type,
the market is divided into full-height screen doors and half-height screen
doors. The full-height screen doors segment dominated the market in 2022 and is
expected to continue its dominance over the forecast period. Full-height screen
doors provide better safety and protection from falling or pushing onto train
tracks compared to half-height screen doors.
By application, the market is
classified into metro, airport and bus way. The metro segment accounts for the
largest share of the automatic platform screen doors market due to high
installations of platform screen doors at metro and subway stations globally to
ensure passenger safety.
Key Takeaways
The Global Automatic Platform Screen Doors Market Size
is expected to reach USD $23295.57 Mn by 2030, registering a CAGR of 7.4% over
the forecast period. The growth is attributed to increasing concerns over
passenger safety at public transit stations.
The Asia Pacific region dominated
the global market in 2022 and is expected to maintain its leading position over
the next eight years. This is attributed to high metro and subway network
expansion in countries such as China, India and Indonesia. The North American
market is forecast to witness strong growth supported by ongoing metro
infrastructure development projects in the U.S.
Key players operating in the automatic platform screen doors market
are KTK, Shanghai Electric, Westinghouse, Jiacheng, Kangni, Horton Automatics,
Nabtesco, Stanley, Fangda, Faiveley, Manusa, and Panasonic. Major players are
focusing on strengthening their foothold through new product launches and
expansion into emerging markets for long-term sustenance.
Read More Insights Here
https://www.newsstatix.com/automatic-platform-screen-doors-market-size-share-growth-outlook-2023/
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