The “Train Battery Market by Type & Technology (Lead-acid Tubular, VRLA, Conventional; Ni-Cd Sinter, Fiber, Pocket, & Li-ion; LFP, LTO), Advanced Train (Fully Battery-Operated and Hybrid), Rolling Stock Type, Application and Region – Global Forecast to 2030” report has been published.
Anticipated to witness a substantial growth trajectory, the train battery market is forecasted to escalate from USD 277 million in 2023 to USD 378 million by 2030, demonstrating a Compound Annual Growth Rate (CAGR) of 4.6% during the period from 2023 to 2030.
Driving the train battery market are key factors such as the swift pace of urbanization and the expanding railway networks. Governments worldwide are channeling investments into urban rail infrastructure, drawn by the speed of rail travel and its economical operational costs in comparison to alternative transportation modes. The burgeoning expansion of rail networks is expected to generate a heightened demand for energy storage systems.
According to the Urban Transport Trends and Prospects (UTTP) report of 2021, the operational network of light rails and trams spans 15,824 kilometers. Predominantly located in Europe, these networks account for 58% of the total, with Eurasia constituting 22%. Notably, European countries like Finland, the UK, and Switzerland are actively pursuing the expansion of their light rail networks, exemplified by the UK government’s approval of the Blackpool Tram extension in 2021.
Furthermore, the increasing development of metro projects is a contributing factor to the growing demand for batteries in metro systems. For instance, in December 2022, the Russian government initiated the construction of the 70-km Moscow Big Circle Line metro project, with a total cost of USD 6.8 billion. Consequently, the anticipated growth of light rail and tram networks, coupled with the rising adoption of metro systems for urban transit, is expected to propel the utilization of batteries in these transportation modes in the years to come.
Major players in the train battery market include EnerSys (US), Exide Industries (India), Saft (France), Amara Raja Batteries (India), GS Yuasa Corporation (Japan), and HOPPECKE Batterien GmbH & Co.KG.
In 2023, the primary market share is anticipated to be dominated by Auxiliary Batteries.
These battery systems serve as crucial backups for essential train functionalities, including emergency lighting and ventilation. They play a pivotal role in ensuring the safety of trains by preventing output failures and train separation incidents. The escalating demand for high-speed trains has fueled the need for advanced features such as emergency braking and tilting systems, contributing to the surging demand for auxiliary batteries.
Within the train battery market, VRLA technology currently holds the leading position owing to its technical advantages such as maintenance-free operation, no periodic water filling requirements, rapid charging capabilities, and resistance to heat and shock. VRLA technology is predominantly favored for auxiliary functions in railways. However, Ni-cd batteries, with their high energy density, commendable low-temperature performance, and extended cycle life, are gaining prominence, impacting the demand for VRLA batteries in railway applications.
The integration of cutting-edge technologies like the Internet of Things (IoT), artificial intelligence (AI), deep learning, and driver advisory systems (DAS) in the latest rolling stocks aims to enhance efficiency and improve passenger experience. The optimization of onboard appliances and advancements in resource planning are expected to boost the adoption of train batteries for auxiliary systems.
Over the forecast period, Passenger Coaches are poised to dominate the train battery market. These coaches, designed for passenger transport, require auxiliary batteries to power various functions such as lighting, HVAC systems, screens, Wi-Fi, and more. The battery capacity varies based on the coach type, with AC coaches typically demanding higher voltage capacity. As travel demand, environmental concerns, and government investments rise, the parallel growth of passenger coaches and train batteries is anticipated.
The Asia Pacific region is projected to secure the largest aftermarket share in 2022, driven by its extensive railway network and the world’s largest rolling stock production. The urban rail network expansion, coupled with the presence of international train battery manufacturers, is expected to further fuel demand. Factors such as rail network electrification, emission regulations, and advancements in battery technologies are foreseen to contribute to the growth of the train battery aftermarket in Asia Pacific.
Key Market Attributes:
- No. of Pages: 315
- Forecast Period: 2023 – 2030
- Estimated Market Value (USD) in 2023: $277 Million
- Forecasted Market Value (USD) by 2030: $378 Million
- Compound Annual Growth Rate: 4.6%
- Regions Covered: Global
Premium Insights:
- Development of High-Speed Trains and Expansion of Urban Rail Networks to Drive Market
- Nickel-Cadmium Batteries Segment to Hold Largest Market Share During Forecast Period
- Auxiliary Batteries Segment to Register Highest CAGR During Forecast Period
- Sinter/Pne Ni-Cd Segment to Lead Market During Forecast Period
- Electric Locomotives Segment to Register Highest CAGR During Forecast Period
- Passenger Coaches Segment to Hold Largest Market Share During Forecast Period
- Fully Battery-Operated Trains Segment to Witness Higher CAGR Than Hybrid Trains Segment During Forecast Period
- Coaches Segment to Lead Aftermarket During Forecast Period
- Lead-Acid Batteries Segment to Hold Larger Market Share Than Nickel-Cadmium Batteries Segment During Forecast Period
- Auxiliary Batteries Segment to Register Higher CAGR Than Starter Batteries Segment During Forecast Period
- Asia-Pacific to Lead Aftermarket During Forecast Period
- Asia-Pacific Estimated to Account for Largest Market Share in 2023
Case Study Analysis:
- Project of Septa and Viridity Energy to Increase Operational Efficiency with Less Energy Consumption
- Reliable Autonomous Battery Solutions for Harsh Weather from Saft to Vr Group
- Emergency Battery System from Saft to Chengdu Metro
- Lithium-Ion Battery Solutions from Saft to Alstrom Transport for Different Weather Conditions and High-Vibrating Environments
- Development of Hybrid Train for Non-Electrified Subsections of Line
- Electrification of Rail Milling Trains for Emission-Free Track Maintenance
- Partnership Between Hitachi and Turntide Technologies to Provide More Sustainable Rail Journeys in the UK
Market Dynamics:
Drivers:
- Increasing Adoption of Autonomous and High-Speed Railways
- Stringent Emission Regulations
- Expansion of Railway Networks
Restraints:
- High Capital Investment and Operating Cost of High-Speed Rail Networks
Opportunities:
- Expansion of IoT, AI, and Das Technologies
- Improvements in Battery Technology
- Retrofitting of Diesel-Electric Trains
Challenges:
- Technical Challenges Related to Lead-Acid and Lithium-Ion Batteries
- High Cost of Charging Infrastructure and Replacement
Trends and Disruptions Impacting Customer Business
Market Ecosystem:
- Train Battery Manufacturers
- Component/Raw Material Suppliers
- Train OEMs
- Government and Regulatory Authorities
- Dealers and Distributors
- Service & Repair Providers
Technological Analysis:
- Mitrac Pulse Traction Batteries
- Mrx Nickel Batteries
- Solid-State Batteries
- Lithium-Sulfur Batteries
Company Profiles:
Key Players:
- Enersys
- Saft
- Gs Yuasa International Ltd.
- Exide Industries Ltd.
- Amara Raja Batteries Limited
- Hoppecke Batterien GmbH & Co. Kg
- Sec Battery
- First National Battery
- Power & Industrial Battery Systems GmbH
- Exide Technologies
- Toshiba Corporation
Other Players:
- East Penn Manufacturing Company
- Microtex Energy Private Limited
- Aeg Power Solutions
- Furukawa Electric Co., Ltd.
- Hunan Fengri Power & Electric Co., Ltd.
- Shuangdeng Group Co., Ltd.
- Coslight India
- Shield Batteries Limited
- Akasol Ag
- Dms Technologies
- National Railway Supply
- Leclanche Sa
- Ecobat
- Hbl Batteries
- Star Battery Ltd.
- Hitachi, Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/k70j8s
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