Train Battery Market

Train Battery Market Size (2023-2028):

The Global Train Battery Market was worth US$ 0.49 billion in 2022 and is anticipated to reach a valuation of US$ 0.66 billion by 2028 and is predicted to register a CAGR of 5.27% during 2023-2028.

The need for autonomous trains for freight passengers is projected to extend because the technology becomes commercially viable. Because the safety system in autonomous trains requires additional power, the demand for batteries is projected to extend during the outlook period. The train battery showcase is essentially determined by the expanding population, which has prompted interest in rail transport and railway electrification over the globe.

Market Drivers:

Developing interest in trains with low support and developing charge of trains is boosting the development of the global train battery market. Autonomous trains are furnished with cutting-edge highlights including mechanized entryways, security frameworks, data frameworks, and effective lighting. These highlights require high-power prerequisites, which are fuelling interest in the development of the worldwide train battery business. Furthermore, these trains request steady power flexibly; in this way, the interest in the progressed and improved battery is developing. This interest in the train battery is boosting the development of the market. The demand for fast trains has increased throughout the planet. The advantages of a high-speed train network like a short time period, energy efficiency with fewer carbon emissions, and luxury and safety have attracted several countries and passengers.

Market Restraints:

On the other hand, high infrastructure prices and government budget constraints have limited the employment of a fast train network in countries like Portugal and Mexico. In 2018, Portugal cancelled the fast train project due to the country’s inability to take a position and debt. Moreover, Mexico had also suspended a high-speed train project in the past. External factors like land acquisition, air, and sound pollution, and heating may further hinder the expansion of the high-speed train market. While developing countries like India, Turkey, etc., decide to modify the prevailing tracks, they're unable to take a position in new tracks and infrastructure because of the constraints in budget. The expenses related to the infrastructure are restricting the expansion of high-speed train networks in these countries.

Market Recent Developments:

• Alstom reported its first agreement for battery-electric territorial trains in Germany for the Leipzig-Chemnitz course, which needs the train to travel 80 km (50 miles) of the non-electrified track.
• The Danish Ministry of Transport and Housing has reported that it'll start preliminaries of battery-fueled trains on two railroad lines in Denmark one year from now. Battery trains are as of now being tried in Austria and Germany.
• 'Battery trains – a decent option in contrast to diesel trains or electrification of railroad lines

TRAIN BATTERY MARKET REPORT COVERAGE:

Market Segmentation:

Train Battery Market - By Locomotive Type:

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

Train Battery Market - By Battery Type:

• Lead-Acid
• Nickel-Cadmium
• Lithium-Ion

The lithium-ion battery is anticipated to develop as the rapid-increasing battery type, while the demand for a lead-acid accumulator is projected to stay stagnant during the forecast period.

Train Battery Market - By Technology:

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

The lithium-ion battery has the biggest share of the train battery market. Also, various countries like Russia, the UK, France, and Germany have started shifting toward lithium-ion batteries in various trains due to better density, efficiency, and longer life. As these batteries also are maintenance-free, operational costs are decreased. Most of the massive train networks around the world are projected to shift for these batteries during the outlook period. Regulatory bodies also are projected to play a serious role during this shift as they set the standards for the batteries that will be utilized in trains. As they provide tremendous advantages over other batteries, lithium-ion batteries are estimated to possess the biggest portion of the global train battery market throughout the projection period.

Train Battery Market - By Application:

• Starter Battery
• Auxiliary Function Battery

Starter batteries in trains give the capacity to play out a few pre-start capacities, for example, controlling up hydraulic pumps, air blowers, and brake systems mandatory for smooth motor turnover with no harm to motor parts. The developing interest in trains in creating nations, for example, China and India augur well for the train battery market. China is wanting to have 45,000 km of rapid rail arranged by 2025. India is chipping away at different metros, monorails, and fast trains across numerous urban areas. The interest in trains is consequently anticipated to increase during the forecast period. This would build interest in starter batteries making them the quickest-developing fragment of the train battery industry by application.

Train Battery Market - By Advanced Rail Systems:

• Autonomous Trains
• Hybrid Locomotive
• Fully Battery-Operated Trains

Market Reginal Analysis:

The Global Train Battery Market Report includes the segmentation of regions:

• North America - U.S., Canada
• Europe - Norway, Germany, Sweden
• Asia Pacific - China, India, Japan
• Latin America - Brazil, Mexico, Argentina
• Middle East and Africa - Middle East, Africa

Asia Pacific is projected to be the most essential train battery market in 2018. Market growth in the region is often attributed to the massive population and extensive rail networks. Ongoing projects like the Mumbai-Ahmedabad bullet will aid the expansion of the train battery market within the region. The Train battery marketplace for bullet trains in the Asia Pacific region is predicted to rise at a CAGR of about 8.00% over the foreseen period. Indian Railways is also aiming to develop semi-luxury passenger trains, metros, and high-speed trains. Hence, a rise in the number of passenger trains in the Asia Pacific area will drive interest in train batteries in the future.

Market Key Players:

1. CRRC Corporation Limited 
2. Alstom 
3. Siemens Mobility 
4. Bombardier Transportation 
5. General Electric 
6. Hyundai Rotem 
7. Kawasaki Heavy Industries
8. Trinity Rail Group
9. Stadler Rail AG