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Brief Overview

The train battery is used to supply the coaches with power when the train is steady or slowly moving. This involves the DC power that the coaches are provided with. Previously, power was supplied to trains through diesel engines, but they were not considered economical due to their high maintenance costs. They were also not deemed suitable for the environment because of their harmful emissions. In addition, their constant use has led to the need for railway electrification. The quest for alternative fuels to cut import costs for fossil fuels has led to the introduction of train batteries and the electrification of the rail system. Companies manufacturing train batteries provide a wide range of power supplies, such as on-board computer power supplies, door control, lighting, ventilation, air conditioning, communications, braking, and start-up engines.

Market Insights

An advanced economy that is expected to boost demand for rail expansion is one of the largest drivers in infrastructure spending over the next few decades. It is anticipated that the inclusion of these developments in urban rail infrastructure will lead to demand for energy storage systems and is therefore expected to drive demand for train batteries over the forecast period.

Aggressive Plans for Train Electrification Coupled with Privatization

To provide advanced technology and quality service to customers in terms of auxiliary functions such as automatic doors, train lighting, air conditioning, infotainment, Wi-Fi services, etc., private companies focus on investing in high-speed rail. Most high-speed trains are equipped with these advanced features and require storage systems for auxiliary batteries. Other features require many batteries for smooth functionality, such as emergency braking and tilting systems and emergency power supply, communication, and automatic door control functions. Additionally, for traction purposes, batteries are also used. Therefore, the increased focus of private companies on high-speed rail is expected to offer opportunities for battery manufacturers of auxiliary batteries. In addition, India plans to privatize, along with other countries, part of its rail sector and launch 151 private passenger trains on 109 pairs of routes by 2023. Therefore, the privatization of the railway sector is expected to create opportunities for battery manufacturers to concentrate on producing highly efficient traction batteries and auxiliary functions.

Globally, demand for rail networks is increasing steadily, especially in metropolitan areas with rising populations. One of the most energy-efficient modes of transportation for freight and passengers is rail transport. The regulation on the rolling stock aims to reduce emissions of particulate matter ( PM) from these motors by as much as 90% when fully implemented and nitrogen oxides ( NOx) by 80%. The standards are based on applying to machines manufactured in 2015 and later of high-efficiency catalytic after-treatment technology. The demand for electric rail transport has been increased by increasing environmental concerns and energy-efficient transportation. Therefore, strict regulations on emissions have shifted the focus to electric rail transport and increased demand for train batteries.

By 2025, at a CAGR of 5.91 percent over the forecast period (2019-2025), the train battery market's global size is projected to reach USD 255 million. The development of autonomous trains and hybrid rail systems creates opportunities for the train battery market with the adoption of high-speed trains in emerging nations. However, high capital investment, coupled with high rail network operating costs, poses a challenge to the global market's growth for train batteries.

Geographical Analysis

Due to growth in key countries such as China, Japan, India, and South Korea, Asia Pacific is the largest and fastest-growing market. The region is the world's leading producer of rolling stock and is expected to maintain this position during the forecast period. It has the most extensive rail network, fast urban development and government-based energy-efficient transport initiatives. In addition, Asian nations such as China are planning to extend the system by 2030 to 45,000 km. China mainly runs high-speed trains, suburban trains, and urban transit trains, making it the leading market for railway batteries. In addition, the Indian railways are aiming for 100% electrification of routes by 2024. This offers significant opportunities in the coming future for manufacturers of train batteries.

Segmentation

By Battery Type

  • Lead Acid Battery
  • Nickel Cadmium Battery
  • Lithium Ion Battery

By Technology

  • Conventional Lead Acid Battery
  • Valve Regulated Lead Acid Battery
  • Gel Tubular Lead Acid Battery
  • Sinter/PNE Ni-Cd Battery
  • Pocket Plate Ni-Cd Battery
  • Fiber/PNE Ni-Cd Battery
  • Lithium Ion Battery

By Rolling Stock

  • Diesel Locomotives
  • DMUs
  • Electric Locomotives
  • EMUs
  • Metros
  • High-speed Trains
  • Light Trains/Trams/Monorails
  • Passenger Coaches

By Application

  • Starter Battery
  • Auxiliary Battery (HVAC, Doors, Infotainment)

By Advance Train

  • Autonomous Trains
  • Hybrid Locomotives
  • Fully Battery Operated Trains

By Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa

Competitive Landscape

The report profiles various major market players such as

  • Enersys
  • Saft
  • GS Yuasa Corporation
  • Exide Industries Ltd.
  • Amara Raja Batteries Ltd.
  • Hoppecke Batterien GmbH & Co. KG
  • SEC Battery
  • First National Battery
  • Power & Industrial Battery Systems GmbH
  • Hitachi
  • Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.

Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:
Industry report analyses the global train battery market by the following segments:
- Battery Type
- Technology
- Rolling Stock
- Advance Train
- Application

Customization: We also offer customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Train Battery Industry Report

  • What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
  • Which region would have high demand for product in the upcoming years?
  • What are the factors driving the growth of the market?
  • Which sub-market will make the most significant contribution to the market?
  • What are the market opportunities for existing and entry-level players?
  • What are various long-term and short-term strategies adopted by the market players?

Frequently Asked Questions

What does this report offer?

The report offers a comprehensive insight on the Train Battery Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.

What research methodology is used to write this market research report?

What else can be covered in the scope of this report?

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