Platform Screen Door System Market Projected To Hit $1.01 Bn by 2026 | Sales Revenue, Key players & Future Investment

The demand for platform screen door system will be reduced for few months of coronavirus pandemic due to the operational halt in the transport sector.

PORTLAND , OREGON, UNITED STATES, October 13, 2020 /EINPresswire.com/ — According to a report published by Allied Market Research, the global platform screen door system market would garner $1.01 billion by 2026, at 5.2% of CAGR. Enhancement in transport infrastructure to improve security is one of the major factors augmenting the market growth. Platform screen doors have been majorly ordered by the transport operators across the world. The key market players, on the other hand, are majorly investing for further developments in platform screen doors to provide a better version and strengthen infrastructure management. Also, market players are working to enhance the options by introducing advanced platform screen doors. This is leading to widen the adoption and increase the growth of the market.

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In the past few years, rail sectors have been through a number of modifications in terms of infrastructure. The platform screen door was one such modification, adopted in order to provide additional protection and comfort to the passengers. One of the most obvious and essential features offered by the platform screen door is to act as a physical barrier to prevent people or objects from falling or intruding onto the tracks. With this screen doors have come out as a solution for reducing the suicide attempts as well as risks of accidents, along with restricting people from entering the tunnel.

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Another factor of wide adoption of screen platform doors is that it increases the sound quality of announcements on the stations, by restricting the extra noise from trains traveling through tunnels. This aids in making announcements more audible and clear. Also, screen doors aids in improving the ventilation on the platform. Furthermore, the manufacturers with new launches are also initiating to provide advanced platform screen doors.

In the month December, a leading firm ST Engineering have launched a variable pitch platform screen door as VP-PSD at the AusRAIL Plus trade show, in Sydney. The screen doors offer accuracy while moving the doors to the stopping position. Also, a finger gap sensor is used in the system which prevents the passengers from being trapped in between the doors. Moreover, these doors are a suitable solution to enhance the railways.

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Other than this, metro III stations in Mumbai, India, have also announced to have platform screen doors in its 26 metro stations. The doors are anticipated to improve the safety and security of the passengers, reduce suicide cases, and avert mishaps. Metro III would be the only metro corridor to imply this feature. Likewise, the demand for platform screening doors is increasing in order to advance the platforms. However, the unsolicited arrival of novel coronavirus has disrupted the operations in both railways and platform screen door manufacturing industry.

The manufacturing and supply chain processes have come to a halt, due to the stringent regulations by the government all across the globe. Also, the investments for platform screening doors have been slow down. However, the government bodies in several regions have affirmed to restart the business concerning all precautionary measures, in order to achieve economic stabilization. And therefore, several projects and plans are getting continued.

Platform Screen Door System Market to Garner $1.01 Billion by 2026: AMR

Platform screening doors are one of the most advanced technologies used by the metro system all across the globe. Also, with the concern to manage social distancing to curb coronavirus disease, the demand for platform screen doors system is anticipated to grow post-pandemic. This would aid the market to augment the growth in the coming years.

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Source: EIN Presswire