Train Battery Market is projected to grow at a CAGR of 5.15% from 2018 to 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.
The market numbers are based on country-wise production, which is further added to arrive at the regional market. The regional data is then added to derive the global data. Rolling stock production has been considered to arrive at the market size, in terms of volume. The country-wise market volume is then multiplied with the country-wise average OE price of the battery. This gives the country-wise market size for the train battery, in terms of value. The summation of the country-wise and regional-level market size, in terms of value, provides the global train battery market size.
To know about the assumptions considered for the study, download the pdf brochure
The train battery market is dominated by a few globally established players such as EnerSys (US), Saft Batteries (Germany), Exide Industries (India), Hitachi (Japan) and GS Yuasa (Japan). These companies developed new products, adopted expansion strategies, obtained supply contracts; established collaborations & partnerships; and used mergers & acquisitions to gain traction in the 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
Engine starter batteries to be the fastest GROWING application of the train battery market:
The locomotive requires a quick start option and power supply for propulsion. They are fitted with a starter battery that provides the power to perform several pre-start functions such as powering up hydraulic pumps, air compressors, and brake systems mandatory for a 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. Manufacturers of starter batteries in the region can use this opportunity to increase their revenues.
Speak to Our Analyst:
https://www.marketsandmarkets.co...
Major factors driving the growth of this market include increasing demand for high speed trains throughout the world. A major restraint for the train battery market is the huge capital requirement for developing and operating rail networks. The key market players in Europe are EnerSys (France), Hoppecke (Germany), and Saft Batteries (France). These players can use their expertise in manufacturing train batteries to provide efficient batteries for developing countries such as India and China. This also provides them with a great opportunity to increase their revenue and gain market share by way of expanding further into these countries or through joint ventures and acquisitions of local companies.
About MarketsandMarkets™ –
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
MarketsandMarkets flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
Source:Lithium-ion battery to dominate the train battery market by 2025
Location: United States

Comments

Post a Comment

Popular posts from this blog

Global Lighting Market: Industry Key Players, Share, Trend, Applications, Forecast to 2022

-
Image
The  Lighting Market  for Automotive is majorly driven by increasing vehicle production and increasing lighting applications, especially in passenger cars. Additionally, factors such as passenger and pedestrian safety regulations and increased demand for luxury, comfort, and ambience are driving technological advancements in the automotive lighting industry. The market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 Billion by 2022. Objectives of the Lighting Market Study: To define and segment the Lighting market for Automotive , in terms of volume (‘000 units) and value (USD million), by position, technology, application, vehicle type, and region To segment the country-level market for automotive lighting and forecast the market size, by value and volume, based on vehicle type, light position, and technology To understand the market for Automotive by application (Exterior and Interior) To segment the altern...
Read more

Artificial Intelligence in Transportation Market by Continental, Magna, Bosch, Valeo, ZF

-
Image
The key strategy adopted by the major players in the  artificial intelligence in transportation market  is supply contracts/partnerships/joint ventures. OEMs along with Tier-I suppliers and software suppliers have joined hands to gain a competitive advantage in the artificial intelligence in transportation market. Leading players are collaborating with regional players to cater to the growing demand. For instance, in April 2017, Bosch and the University of Amsterdam decided to collaborate in the field of artificial intelligence. Over the next four years, Bosch will make a total investment of USD 3.34 million in this partnership. New product development is the second most widely followed strategy in the market. In July 2016, ZF launched a ‘Highway Driving Assist Multi-Lane’ system, which combines environmental sensing, braking, automatic steering, and acceleration to maintain vehicle control. The artificial intelligence in transportation market is projected to grow at a CAG...
Read more

Automotive Power Electronics Market Size, Analysis, and Outlook Report - 2022

-
Image
Automotive Power Electronics Market , in terms of value, is projected to grow at a CAGR of 4.48% from 2017 to 2022. The market was valued at USD 4.30 Billion in 2016 and is projected to reach a market size of USD 5.49 Billion by 2022. In this study, 2016 has been considered the base year, and 2017 to 2022 the forecast period, for estimating the market size of the automotive power electronics market. Vehicle and graphical user interface(GUI). intelligent car. connected car. Internet of Things. Heads up display(HUD). The market was valued at USD 4.30 billion in 2016 and is projected to reach a market size of USD 5.49 billion by 2022. In this study, 2016 has been considered the base year, and 2017 to 2022 the forecast period, for estimating the market size of the automotive power electronics market. The report analyzes and forecast the market size, in terms of volume (million units) and value (USD million), for passenger cars and commercial vehicles. The volume (thousand units) and...
Read more