Global Train Battery Market, By Train Type (Autonomous Trains, Hybrid Locomotives, Fully Battery Operated Trains), Battery Type (Lead Acid Battery, Nickel Cadmium Battery, Lithium Ion Battery), Battery Technology (Valve Regulated Lead Acid, Gel Tubular, Conventional Lead-Acid, Sinter PNE, Fibre PNE, Pocket Plate, Lithium Ion), Locomotive Type (Diesel Locomotive, Diesel Multiple Units, Electric Locomotive, Electric Multiple Units, Bullet Train, Metros, Light Monorail, Passenger Coaches, Freight Wagon), Application (Starter Battery, Auxiliary Function Battery) – Industry Trends and Forecast to 2029.
Train Battery Market Analysis and Size
In recent years, the search for alternative fuels to reduce import and cost has increased, increasing investment in railway electrification projects. Furthermore, diesel engines are not cost-effective due to high maintenance costs. Furthermore, the diesel-powered engine is harmful to the environment, necessitating the electrification of railways. These factors are positively influencing the growth of the global train battery market.
Data Bridge Market Research analyses that the train battery market was valued at USD 483.00 million in 2021 and is expected to reach the value of USD 799.36 million by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Train Battery Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Train Type (Autonomous Trains, Hybrid Locomotives, Fully Battery Operated Trains), Battery Type (Lead Acid Battery, Nickel Cadmium Battery, Lithium Ion Battery), Battery Technology (Valve Regulated Lead Acid, Gel Tubular, Conventional Lead-Acid, Sinter PNE, Fibre PNE, Pocket Plate, Lithium Ion), Locomotive Type (Diesel Locomotive, Diesel Multiple Units, Electric Locomotive, Electric Multiple Units, Bullet Train, Metros, Light Monorail, Passenger Coaches, Freight Wagon), Application (Starter Battery, Auxiliary Function Battery)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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AEG Power Solutions (Netherlands), Amara Raja Group (India), East Penn Manufacturing Company (US), ENERSYS. (US), EXIDE INDUSTRIES LTD. (India), FIRST NATIONAL BATTERY, (South Africa), FURUKAWA ELECTRIC CO., LTD. (Japan), GS Yuasa International Ltd. (Japan), Hitachi Rail Limited (Japan), HOPPECKE Carl Zoellner & Sohn GmbH (Germany), FENGRI POWER & ELECTRIC CO., LIMITED. (Japan), Power & Industrial Battery Systems GmbH (Germany), Saft2022 (France), SEC Battery (Hong Kong) and Shuangdeng Group Co, Ltd (China)
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Market Opportunities
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Market Definition
A train battery, is a type of rechargeable battery that powers a locomotive, tramway vehicle, or light rail car. The term "traction" refers to the wheels that propel these vehicles, and "traction batteries" are also known as "track-circuit batteries" at times. It also refers to the source of power for electric locomotives, which are now almost always powered by diesel engines or alternators.
Global Train Battery Market Dynamics
Drivers
- rising inclination towards energy-efficient solutions
The key factors that drive the train battery market growth are increasing demand for locomotives for maximum full load output and maintaining electrical load in trains even when the train is stopped in emergencies. Furthermore, rising inclination of locomotive operators toward energy-efficient systems and rising demand for fuel alternatives due to global depletion of fuel sources are supporting factors expected to drive market growth.
- Development of advanced battery technologies
Furthermore, advancements in advanced battery technologies and growing urban infrastructure in developing and emerging economies around the world are expected to drive the train battery market during the forecast period. Furthermore, boosting economic growth in developing regions is a factor contributing to market growth trends.
Opportunity
The autonomous trains are outfitted with highly developed features such as safety systems, automated doors, information systems, and effective lighting. These features necessitate a high-power condition, driving demand for the train battery market to grow. Furthermore, the hostile plans for train electrification associated with escalating privatisation are creating ample opportunities for the train battery market to grow during the forecast period.
Restraints
However, the high operating costs of the high-speed rail network and capital investment will stifle train battery growth during the forecast period. The widespread use of hybrid and hydrogen fuel cell trains, as well as increases in battery capacity and installation requirements, are posing significant challenges to the growth of the train battery market.
This train battery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the train battery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Train Battery Market
COVID-19 has presented the world with a previously unimagined economic, humanitarian, and healthcare challenge. Lockdown procedures cost a lot of money, but they were necessary to slow the coronavirus's spread. One of those most severely impacted on the business front is the railroad sector. Lockdown measures and other limitations have damaged the railway business, as observed in prior countries when COVID-19 spread. Additionally, the coronavirus has posed unexpected problems for the railroad sector. However, the demand for train batteries is anticipated to increase dramatically in the near future as a result of the easing of lockdown measures and the subsequent opening of markets worldwide.
Global Train Battery Market Scope
The train battery market is segmented on the basis of train type, battery type, battery technology, locomotive type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Train type
- Autonomous Trains
- Hybrid Locomotives
- Fully Battery Operated Trains
Battery type
- Lead Acid Battery
- Nickel Cadmium Battery
- Lithium Ion Battery
Battery technology
- Valve Regulated Lead Acid
- Gel Tubular
- Conventional Lead-Acid
- Sinter PNE
- Fibre PNE
- Pocket Plate
- Lithium Ion
Locomotive type
- Diesel Locomotive
- Diesel Multiple Units
- Electric Locomotive
- Electric Multiple Units
- Bullet Train
- Metros
- Light Monorail
- Passenger Coaches
- Freight Wagon
Application
- Starter Battery
- Auxiliary Function Battery
Train Battery Market Regional Analysis/Insights
The train battery market is analysed and market size insights and trends are provided by country of train type, battery type, battery technology, locomotive type and application as referenced above.
The countries covered in the train battery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Asia-Pacific train battery market has grown significantly year on year. Due to the region is the world's leading producer of rolling stock, it is expected to lead the train battery market. The region has the most extensive rail network and is rapidly urbanising. Furthermore, the national government has announced initiatives to develop energy-efficient transportation. Furthermore, Asian countries are leading the way in the adoption of high-speed trains, suburban trains, and urban transit trains, which will position the region as a leading market for railway batteries. Furthermore, several initiatives are being implemented to electrify and phase out diesel locomotives.
North America is expected to grow significantly in the global market. Technological advancements, data analytics integration, and the expansion of high-speed rail networks in the region are likely to accelerate the growth of the train battery market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Train Battery Market Share Analysis
The train battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to train battery market.
Some of the major players operating in the train battery market are:
- AEG Power Solutions (Netherlands)
- Amara Raja Group (India)
- East Penn Manufacturing Company (U.S.)
- ENERSYS. (U.S.)
- EXIDE INDUSTRIES LTD. (India)
- FIRST NATIONAL BATTERY, (South Africa)
- FURUKAWA ELECTRIC CO., LTD. (Japan)
- GS Yuasa International Ltd. (Japan)
- Hitachi Rail Limited (Japan)
- HOPPECKE Carl Zoellner & Sohn GmbH (Germany)
- FENGRI POWER & ELECTRIC CO., LIMITED. (Japan)
- Power & Industrial Battery Systems GmbH (Germany)
- Saft2022 (France)
- SEC Battery (Hong Kong)
- Shuangdeng Group Co, Ltd (China)
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