Train Battery Market by Battery Type (Lead-Acid Battery, Nickel-Cadmium, Lithium-Ion); Battery Technology (Gel Tubular Lead-Acid Battery, Valve Regulated Lead-Acid Battery, Sinter PNE Nickel-Cadmium Battery, Pocket Plate Nickel-Cadmium Battery, Lithium-Ion Battery, Others); Application (Starter Battery, Auxiliary Battery); Train Type (Autonomous Trains, Hybrid Locomotive, Fully Battery-Operated Trains): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026346 | Pages: 100 | Industry: Automotive and Transportation | Date: Sep 2022 | Type: Global

The market crossed US$ 0.5 billion mark in 2022 and is expected to hit US$ 0.7 billion by 2030, recording a CAGR of 4.9 % during the forecast period.

Train battery market has been significantly growing with the increase in adoption of high-speed and autonomous vehicles.

Growing demand for high-speed and autonomous trains along increasing railway network are some of the major factors driving the growth of the market. In addition, rising demand for a secure, efficient, and safer rail transport is expected to witness a significant growth during the forecast period. Further, growing demand for trains with high passenger capacity is also anticipated to offer ample growth opportunities for train battery market. The lead-acid battery segment is expected to hold the largest market share in the market. Further, lithium-ion segment is also expected to gain traction during the forecasted year.

Within the report, the train battery market is segmented into battery type, battery technology, application, train type, and geography. By battery type, the train battery market is further segmented into lead-acid battery, nickel-cadmium, lithium-ion. On the basis of battery technology, the market is bifurcated into gel tubular lead-acid battery, valve regulated lead-acid battery, sinter PNE nickel-cadmium battery, pocket plate nickel-cadmium battery, lithium-ion battery, Others. By application, the market is categorized into starter battery, auxiliary battery. By train type, the market is segmented into autonomous trains, hybrid locomotive, fully battery-operated trains. Geographically, the train battery market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Several factors such as improvement in railway infrastructure and rise in testing & development of autonomous train are enhancing the growth of train battery market.

In developing countries, the rising improvements in railway infrastructure along with the increase in testing and development autonomous train are anticipated to bolster the market growth. However, high capital requirements, stiff government regulations on train batteries may restrain the train battery market growth. For example, in the U.K., completion of the high-speed rail line project for the Birmingham city has been pushed back to 2031 and for the Manchester & Leeds branch to 2040, and the expected cost of the project has nearly doubled from the initial budget of USD 65.0 billion to nearly USD 130.0 billion due to the high cost.

The supportive government initiative for expansion of AI, IoT and DAS is one of the major factors accelerating the train battery market growth.

Governments worldwide are taking initiatives, making investments, and promoting the expansion of railway industry. In addition, advanced technology implementations such as AI, IoT, DAS, and deep learning to enhance passenger experience and improve efficiency is expected to boost the market growth. For example, according to IoT Times, in 2019, Network Rail introduced the Intelligent Infrastructure (II) program to turn data into intelligent information that can effectively deliver enhanced services for passenger and freight customers.

Recent strategic developments in Train Battery market

The train battery market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2022, HBL Power Systems received orders worth more than Rs 600 crore from Indian railways.
  • In October 2021, EnerSys the global leader in stored energy solutions for industrial applications and the manufacturer of ODYSSEY batteries, has strengthened its portfolio to include ODYSSEY PRO batteries, engineered with an advanced carbon additive for more reserve capacity.

 

The train battery market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Enersys, EXIDE INDUSTRIES LTD, GS Yuasa International Ltd, HBL Power Systems Ltd., Hitachi, Ltd., Northstar, Saft Batteries, SEC Battery, THE FURUKAWA BATTERY CO., LTD. are among the prominent players operating in the train battery market.

Target audience for the report:

  • Raw material suppliers
  • Component/part manufacturers
  • Train battery manufacturers
  • Aftermarket services
  • OEMs
  • Train battery dealers
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of railway, transportation sector

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Component:
    • Fuel Cell System
    • Battery System
    • Drive System
    • Hydrogen Storage System
    • Others
  • Drive Type
    • Drive (RWD)
    • Front-Wheel Drive (FWD)
    • All-Wheel Drive (AWD)
  • Vehicle Type
    • Rear- Passenger Cars
    • Light Commercial Vehicle (LCV)
    • Buses
    • Trucks
  • Power Output:
    • Less Than 150 kW
    • 150-250 kW
    • More Than 250kW
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
    • Enersys
    • EXIDE INDUSTRIES LTD
    •  GS Yuasa International Ltd
    •  HBL Power Systems Ltd
    • Hitachi, Ltd.
    • Northstar
    • Saft Batteries
    • SEC Battery
    • THE FURUKAWA BATTERY CO., LTD.

Companies profiled
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- Enersys
- EXIDE INDUSTRIES LTD
- GS Yuasa International Ltd
- HBL Power Systems Ltd
- Hitachi, Ltd.
- Northstar
- Saft Batteries
- SEC Battery
- THE FURUKAWA BATTERY CO., LTD.

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