Lithium-ion battery to dominate the train battery market by 2025
The train battery market is primarily driven by the increasing population which has led to the demand for rail transport and railway electrification across the globe. The train battery market is projected to grow at a CAGR of 5.15% from 2018 to 2025. From a market size of USD 445.4 million in 2017, it is projected to reach USD 703.2 million by 2025. Objectives of the study: To define, describe, and forecast the train battery market with respect to individual growth trends and prospects, and determine the contribution of each segment to the total market To forecast the market size, by volume and value, of the train battery market based on rolling stock type [Diesel Locomotive, Electric Locomotive, Metros, Light Rail/Trams/Monorail, Passenger Coaches, Freight Wagon, DMU (Diesel Multiple Unit), EMU (Electric Multiple Unit), Bullet Train] To forecast the market size, by volume and value, of the train battery market based on battery type (Lead-Acid, Nickel-Cadmium, and Li...