Train Battery Market Growth Analysis, Opportunities and Forecast by 2022 | Key Industry Participants

Train battery is used to supply power to the coaches when the train is at steady position or is moving slowly. This includes a DC power, which is supplied to the coaches. Previously, power to trains was supplied through diesel engines but they were not considered economical due to their high maintenance cost. Also, they were not considered to be good for environment due to their harmful emissions. Further, their constant use led to the need for the electrification of railways. The search for alternative fuel to reduce the import cost of fossil fuels led to the implementation of train battery and electrification of the railway system. Companies that manufacture batteries for trains provide a wide range of power supply such as power supply for on-board computer, door control, lighting, ventilation, air conditioning, communications, braking, and engine starting. For instance, EnerSys manufactures batteries for industrial purposes and focuses toward railways. The players are widening their product offerings resulting to train battery market growth.

The increase in population growth and urbanization increases the demand for high-speed trains, followed by the rise in demand for energy efficient transport system, and comfort and luxury in trains. This is expected to drive the market. In addition, with the introduction of high-speed trains in developing countries, development of hybrid rail systems and significant growth of autonomous trains is expected to provide opportunities for the market growth to a larger extent. However, factors such as high capital investment and operating costs of high-speed rail network act as restrain for the train battery market.

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The major companies profiled in the global train battery market include EnerSys (U.S.), Saft Batteries (France), Exide Industries (India), Hitachi (Japan), and GS Yuasa (Japan) and others. These players have adopted different strategies such as expansion and new product development to gain significant Train battery market share

The train battery market is segmented into battery type, technology, locomotive type, application, advanced train, and region. By battery type, it is categorized into lead acid, nickel cadmium, and lithium ion. By technology, it is classified into gel tubular, Valve Regulated Lead Acid (VRLA), conventional lead acid, sinter PNE, fiber PNE, pocket plate, and lithium ion. On the basis of locomotive type, it is classified into diesel locomotive, diesel multiple unit, electric locomotive, electric multiple unit, metros, bullet trains, tram, passenger coaches, and freight wagon. On the basis of application, it is bifurcated into engine starter and auxiliary function. By advanced train, it is classified into autonomous trains, hybrid locomotive, and battery-operated trains. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises analytical depiction of the train battery market with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold in the train battery industry.
  • The train battery market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current train battery market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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TRAIN BATTERY MARKET KEY SEGMENTS

By Battery Type

  • Lead Acid
  • Nickel Cadmium
  • Lithium Ion

By Battery Technology

  • Gel Tubular
  • VRLA (Valve Regulated Lead Acid)
  • Conventional Lead Acid
  • Sinter PNE
  • Fibre PNE
  • Pocket Plate
  • Lithium Ion

By Locomotive Type 

  • Diesel Locomotive
  • DMU (Diesel Multiple Unit)
  • Electric Locomotive
  • EMU (Electric Multiple Unit)
  • Metros
  • Bullet Train
  • Light Rail/Trams/Monorail
  • Passenger Coaches
  • Freight Wagon

By Application 

  • Engine Starter
  • Auxiliary Functions

By Advanced Train

  • Autonomous Trains
  • Hybrid Locomotive
  • Battery Operated Trains

Questions answered in the Train Battery Market research report:

  • What is the growth rate of the Train Battery Market during the forecast period?
  •  What will be the global Train Battery market size from 2019 to 2026?
  • What are the leading manufacturing companies in the Train Battery Market?
  • How the major current trends will shape the market in the future?

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