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 Lithium-Ion)
- To forecast the market size, by volume and value, of the train battery market based on technology (Sinter PNE, Pocket Plate, Fibre PNE, Gel Tubular, VRLA, Conventional Lead-Acid, Lithium-Ion)
- To forecast the market size, by volume and value, of the train battery market based on application [Starter Batteries and Auxiliary Function Battery (HVAC, Train Lighting, Doors, Infotainment)]
- To forecast the market size, by volume and value, of the train battery market based on advanced rail systems (Autonomous Trains, Hybrid Locomotive, and Fully Battery-Operated Trains)
- To forecast the market size, by volume and value, of the train battery market with respect to 4 main regions—Asia Pacific (China, India, Japan, and South Korea), Europe (Germany, France, and the UK), North America (Canada, Mexico, and the US), and RoW (Brazil and Russia)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market ranking and core competencies
- To analyze the key players in the market based on their product offerings and business strategies
- To provide an analysis of recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by the key industry participants in the global train battery market.
Train Battery Market Target Audience
- Battery source, module, and other component suppliers for train battery systems
- Dealers and distributors of train battery systems
- Government regulatory authorities
- Industry associations
- Raw material manufacturers of train battery components (suppliers for Tier I)
- Regional manufacturer associations
- Train battery technology suppliers
Lithium-ion battery to dominate the train battery market by 2025
Lead-acid battery have the largest share of the train battery market in 2018. However, various countries such as Russia, the UK, France, and Germany have started shifting toward lithium-ion batteries in various trains owing to better density, efficiency, and longer life. As these batteries are also maintenance free, operational costs are decreased. Most of the large train networks around the world are projected to shift for these batteries during the forecast period. Regulatory bodies are also projected to play a major role in this shift as they set the standards for the batteries that can be used in trains. As they offer tremendous advantages over other batteries, lithium-ion batteries are estimated to have the largest share of the train battery market during the forecast period.
Starter batteries is estimated to have the fastest growth in the train battery market
Starter batteries in trains provide power to perform several pre-start functions such as powering up hydraulic pumps, air compressors, and brake systems mandatory for smooth engine start without any damage to engine components. The growing demand for locomotives in developing countries such as China and India augurs well for the train battery market. China is planning to have 45,000 kms of high speed rail network by 2025. India is working on various metros, monorails, and high-speed trains across many cities. The demand for locomotive is thus projected to increase during the forecast period. This would increase the demand for starter batteries making them the fastest growing segment of the train battery market by application. download the pdf brochure
Increasing expansion for rail networks and advancements in the train sets would drive the Asia Pacific train battery market
The study considers China, Japan, India, and South Korea for the Asia Pacific train battery market. China and India are the countries with the largest population, globally. There is also an increase in urban population observed in these countries, which has initiated the demand for urban public transport systems. The Chinese and Indian governments have sanctioned multiple metro rail and light rail projects, planned to be completed in the coming years. Additionally, there is an increase in demand for luxury and comfort in these developing countries, leading to an increase in demand for electric applications. India has allowed 100% FDI in railways since 2014. Foreign investors have invested USD 390 million in India from 2014 to 2018. Indian railways is also planning to electrify all its locomotives by 2022. China is planning an automated bullet train for 2022 Winter Olympics. All these factors are leading to an increased demand for train batteries.
The train battery market consists of manufacturers such as EnerSys (France), Toshiba (Japan), Saft (Germany), Exide Industries (India), Amara Raja (India), Hoppecke (Germany), and Hitachi (Japan).
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