Automatic Platform Screen Doors Market

1. Automatic Platform Screen Doors Market to see Rapid Growth by 2029 The global automatic platform screen doors market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period. Technologies such as AI, IoT, and 5G are poised to drastically transform public transportation, in terms of efficiency, flexibility, and cost-effectiveness. The growing implementation of automation, IoT, and digital tools on the platform for remote accessing and controlling platforms activities is driving the adoption of automatic platform screen doors on new and existing platforms. These doors provide improved security by restricting access to the tracks and tunnels, improving climate control within the station, and reducing the risk of accidents, especially from service trains passing through the station at high speeds. Thus, governments across the globe are investing to modernize the transit infrastructure which is fueling the demand for automatic platform screen doors. To Request a Sample of our Report on Automatic Platform Screen Doors Market https://www.omrglobal.com/request-sample/automatic-platform-screen-doors-market For instance, in February 2021, the federal government of Canada invested $11.7 billion in public transit over the next eight years, which includes an upfront investment of $4.6 billion and a permanent $2.4 billion per year starting in 2026. In June 2022, the European Commission selected 135 transport infrastructure projects for EU grants. The funding will support projects across all EU member states along the trans-European transport network (TEN-T). These projects will boost the EU's railway network. Further investment in the deployment of the European rail traffic management system will make rail smarter, interoperable, and safer. Further, in June 2022, Knorr-Bremse acquired a majority stake in Spanish company Cojali S.L. With this contract the company aims to strengthen its position as a systems partner for customers in the global growth market of digital, connected solutions. Capturing long-term business opportunities is an integral part of Knorr-Bremse’s strategy. With the acquisition, the company’s major motive is to invest in the growing market for connectivity applications and developed the company’s own digitalization expertise. A full Report of Automatic Platform Screen Doors Market https://www.omrglobal.com/industry-reports/automatic-platform-screen-doors-market Market Coverage    The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered-   By Type By Application Regions Covered-      North America Europe Asia-Pacific Rest of the World Competitive Landscape- including Nabtesco Corp., Samjung Tech Co.,Ltd., Zhuzhou CRRC Times Electric Co., Ltd., Knorr-Bremse AG, Nippon Signal Co.,Ltd. and others. Key questions addressed by the report       What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity? Global Automatic Platform Screen DoorsMarket Report Segment By Type    Full and Half Height Type Full-Closed Type Semi-Closed Type By Application     Metro Systems Light Rail Vehicles Open-air Tram Stations Others (Bus Stops)

2. For More Customized Data, Request for Report Customizationhttps://www.omrglobal.com/report-customization/automatic-platform-screen-doors-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404