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Train Battery Market Size, Share & Analysis

Report Code AT 6676
Published in Oct, 2023, By MarketsandMarkets™
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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

Overview

The train battery market is projected to grow from USD 277 million in 2023 to USD 378 million by 2030 at a CAGR of 4.6% during the forecast period. The train battery market growth is expected due to several factors, such as - the growing development of high-speed trains and metros and the expansion of railway networks. The rail sector’s emission regulations and high energy consumption remain major challenges. Energy storage systems such as batteries are expected to reduce the energy demand and thus reduce overall operational costs. These factors will contribute to the increased demand for train batteries in developed and developing countries.

Attractive Opportunities in the Train Battery Market

ASIA PACIFIC:

The market growth in Asia Pacific can be attributed to the factors such as increasing demand for EMUs and development of metros and high-speed rails

Growing urban infrastructure and developments in advanced battery technology. Rapid urbanization and increasing expansion of railway networks is expected to drive the demand for train battery market.

Lithium-ion batteries are expected to witness the fastest growth in demand, by value. The prices of these batteries are also expected to witness a declining trend.

Supply contracts/agreements and new product launches are expected to offer lucrative opportunities for market players during the next five years.

The auxiliary battery segment is projected to account for the major share of the market and this trend is expected to continue during forecast period.

Global Train Battery Market Dynamics

DRIVER: Growth in adoption of autonomous and high-speed railways

Power lines generally power high-speed rail and are the fastest ground-based method of commercial transportation. According to the US Department of Energy, a conventional passenger rail carries 2.83 times as many passengers per hour per meter width as a road. As of 2022, more than 44 countries worldwide have under construction or operational high-speed rail lines, as opposed to 16 in 2017. The High-speed railway network had grown to ~59,000 km in 2022 as against 44,000 km in 2020. Hence, for performance improvement, many energy-saving and storage systems are utilized. For example, regenerative braking techniques are adapted to convert braking energy into electricity and store it onboard energy storage systems.In addition to this, many rolling stock manufacturers are focusing on building autonomous trains around the world. For instance, in June 2023, Hitachi Rail completed the first phase of Honolulu’s ‘Skyline,’ the US's first fully autonomous metro system.Thus, Adapting batteries for high-speed railways as well as partial and fully autonomous train systems holds the potential to lower operational and capital expenses. The funds saved through this adaptation can be redirected to offset the extra financial requirements associated with project implementation and to encourage further research and development efforts.

RESTRAINT: High capital investment and operating cost of the high-speed rail network

The benefits of a high-speed train network, such as short travel time, energy efficiency with fewer carbon emissions, and comfort and safety, have been incentivized in several countries for popularity. However, the high infrastructure cost and government budget constraints have hampered the adoption of high-speed train networks in various emerging economies, such as Brazil, South Africa, Malaysia, the Philippines, Mexico, and Indonesia.In october 2021, it is reported that the California bullet train was facing potential cost increases of at least one billion dollars, proposed by its contractors. These ongoing escalations in expenses, coupled with the likelihood of encountering similar issues in the coming years, exacerbate the already troublesome financial situation of the USD 100-billion project. In March 2021, Malaysia paid Singapore nearly USD 76.30 million (equivalent to Singapore Dollar 102.8 million) as a settlement for canceling the Kuala Lumpur-Singapore High-Speed Rail (HSR) project that was planned between the two countries.Meanwhile, in the UK, the completion timeline for the high-speed rail line to Birmingham has recently been extended to 2031, and for the Manchester/Leeds branch, to 2040. Furthermore, the projected cost of the project has nearly doubled from its initial budget of USD 65 billion to approximately USD 130 billion due to elevated costs and environmental considerations. Indonesia also suspended a 150 km long high-speed train project back in 2016. As a result, the substantial infrastructure costs are anticipated to impede the growth of high-speed train networks in emerging economies, consequently affecting the demand for train batteries.Hence, the high-speed rail network is witnessing sluggish growth due to the high investment costs, especially in developing economies. According to the International Energy Agency (IEA) report, rail networks have not increased significantly during the last 20 years. As a result, there are only a few high-speed trains. Therefore, the demand for train batteries is expected to be affected owing to the slow growth rate in the expansion of rail networks.

 

OPPORTUNITY: Expansion of IoT, AI, and DAS technologies

The railway sector has integrated cutting-edge technologies like the Internet of Things (IoT), artificial intelligence (AI), deep learning, and Distributed Antenna Systems (DAS) to boost operational efficiency and elevate the quality of the passenger journey. These enhancements in resource management, passenger satisfaction, and decision-making, coupled with the optimization of onboard equipment like Air Conditioning Systems (ACS), heaters, braking systems, and other onboard devices, are anticipated to drive the wider acceptance of train batteries.The introduction of multiple intelligent infrastructure initiatives within rail networks is projected to promote the utilization of IoT, AI, and deep learning in the railway industry. As an illustration, as reported by IOT Times, in 2019, Network Rail initiated the Intelligent Infrastructure (II) program with the aim of transforming data into smart insights, ultimately enhancing the quality of services offered to both passenger and freight customers.The II program leverages the data captured by its sensors and sends it back to the central cloud platform for processing. Data consolidated by workstreams on Network Rail’s cloud platform is uploaded to Microsoft’s Azure Cloud, where AI algorithms turn the information into actionable predictive maintenance schedules. Moreover, many companies are focusing on developing IOT-enabled battery voltage monitoring systems for different rolling stock. For instance, Stimio has developed a battery voltage monitoring system based on a certified rail solution. Railnode boxes are linked directly to the locomotive’s battery system, continuously gauging and overseeing voltage levels. Immediate alerts are triggered when voltage readings fall beneath a predetermined critical threshold.Thus, the growing implementation of IoT, AI, deep learning, and DAS is expected to improve travel time and passenger experience. Since these systems are heavily dependent on electricity, batteries would become a more reliable and stable source for power backup purposes. The adoption of IoT and DAS is projected to drive the market for train batteries in the medium term.

CHALLENGES: Technical Challenges related to lead-acid and lithium-ion batteries.

Rail batteries should have extended durability and quick charging capabilities. Within the rail sector, lead-acid and Nickel Cadmium (Ni-Cd) batteries find widespread use. These batteries present challenges related to disposal due to their toxic chemical composition. Furthermore, they exhibit a substantial self-discharge rate and a limited charge cycle. While Ni-Cd batteries offer a 60% energy capacity advantage over other battery types, they are susceptible to a recharging issue known as the "memory effect." The memory effect occurs when the battery recalls its prior discharge performance and subsequently recharges to that level, leading to a decrease in overall performance.Enhancing the cell's capacity has the potential to boost battery performance; however, it may come at the expense of compromising the safety of the entire system. Furthermore, rail batteries are a type of electrochemical battery that relies on chemical reactions to generate an electric current. Given that temperature variations can impact all chemical reactions, fluctuations can have adverse effects on the performance of rail batteries. Cold temperatures, in particular, can lead to a decrease in cell performance, consequently impacting the specific energy gradient of the battery. Lithium-ion batteries operate with better efficiency against temperature changes, but the heating can reduce the capacity of the batteries over time. Further, lithium-ion (Li-ion) batteries require lithium mining, which has brought forward many environmental challenges. The manufacturing cost of Li-ion batteries is also 40% higher than Ni-Cd batteries.Hence, as the adoption of batteries for both traction and auxiliary purposes continues to grow, battery producers are anticipated to encounter obstacles related to battery design, cost efficiency, and the weight of these batteries. Moreover, manufacturers are dedicating their efforts to enhancing battery technology to minimize energy losses, enhance onboard charging methods, and decrease downtime resulting from discharges.

Global Train Battery Market Ecosystem Analysis

The ecosystem analysis highlights various players in the train battery market ecosystem, primarily represented by Train Battery Manufacturers, Raw material/component manufacturers (tier I), Train Manufacturers, Service and repair providers, and Regulatory Bodies.

 

Based on the Rolling Stock Aftermarket, The Passenger coaches segment is anticipated to dominate the battery aftermarket.

Passenger coaches and lead acid battery types are expected to be the largest train battery aftermarket owing to its largest fleet among locomotives and multiple units worldwide. Train battery aftermarket is still dominated by VRLA battery, which is a lead-acid battery type. It is a conventional battery technology with a unique design to stop the leakage of hydrogen and oxygen gas during charging and discharging. Because of this, they are both safer and more effective than conventional lead-acid batteries. Due to the lower cost and adequate performance delivery, OEMs initially preferred it when they bought and found a replacement with older ones. However, in the coming years, nickel-cadmium is expected to gain momentum as some older rolling stock fleets are getting upgraded with Ni-Cd batteries for improved performance and cost benefits in the long run. This trend is more prevalent in Europe and North American regions. Furthermore, technological developments, lowering production costs, and declining battery prices would prompt the shift toward new-age batteries. Various government initiatives to electrify rail networks and the growing popularity of retrofitting locomotives with the latest battery solutions would subsequently thrive to boost train battery aftermarket demand.

The fully Battery-operated trains segment of the train battery market is projected to witness the highest CAGR during the forecast period.

During the review period, battery-operated trains would grow at the highest CAGR within the advanced train battery market. These trains are usually installed with 2-5 MWh of battery capacity, and few can also be offered with up to 9 or 14 MWh of battery depending upon the heavy loads it need to pull on a non-electric track. These advanced trains are powered by lithium-ion batteries, gradually gaining momentum in the railway industry. For instance, Wabtec Corporation launched the world’s first battery-electric heavy haul locomotive, named FLXdrive, in September 2021, designed with 500 lithium-ion battery modules that have cut fuel consumption by 11%. In August 2023, Alstom and VMS unveiled its fully battery-operated train with a range of 120 km. Lithium Iron Phosphate (LFP), Nickel Manganese Cobalt Oxide (NMC), and Lithium Titanate Oxide (LTO) are the prominent lithium-ion battery technologies that are preferred to run the battery-operated locomotives. With continuous investments, rising strategic collaborations, and new product developments, the market for train batteries in fully battery-powered trains is expected to showcase prominent growth in the coming years.The lithium battery segment in terms of volume is projected to grow at the fastest CAGR by 2030 in the train battery OE market.Lithium is projected to grow at the fastest rate for the train battery market during the forecast period. Lithium is prominently used in metro trains and high-speed railway applications. Lithium batteries are lightweight and have higher energy density than NiCd and lead-acid batteries, which makes them an ideal choice for traction purposes enabling reduced weight and increased energy efficiency. This enhances acceleration and deceleration capabilities, improving operational performance and shorter travel times. Although this technology is in its early stages of development based on significant investments and technological advancement, the demand for lithium batteries is growing for traction and auxiliary functions. For instance, in July 2020, Central Japan Railway Co. started operating its N700S bullet train commercially. This train is equipped with lithium-ion self-propulsion battery technology, which begins during power shortages. Till 2022, there were 40 N700S trains in operation. Major rolling stock manufacturers such as Alstom and Siemens use lithium batteries in the newly developed fast trains as a primary power source. Thus, with the advancements in battery technology, particularly lithium-ion, the demand for battery-based energy storage systems used in trains is expected to rise significantly in the coming years.?

ASIA PACIFIC Region Holds the Largest Share of the Train Battery Market

Asia Pacific holds the maximum share in the global train battery market, in terms of value, in 2022. The higher demand is mainly due to the extensive railway network for most Asian countries. According to CEIC statistics, in 2022, China had more than 150,000 km of track length, India had approximately 128,305 km, Japan had 27,520 km, and South Korea had a track length of about 4,128 km. Along with an extensive railway network, the region has been experiencing an expansion of the network, electrification of lines, and rapid urbanization, leading to increased passenger and freight transportation. Approximately 80,000 km of rail track out of 1,15,000 km of track is electrified in China, considered the world’s largest electrification. In China, the government plans to extend its rail network by adding 40,000 km of track length by 2025 to deploy passenger trains. India is one of the fastest-growing markets for electric locomotives due to the increasing investments by the Indian Government in rail electrification. According to the Indian Railways, approximately 90% of its broad-gauge routes have completed electrification. Out of the 65,350 km broad gauge route, 59,046 Km route had been electrified till June 2023. The number of electric tracks is expected to grow with the increase in investments in rail infrastructure.

Recent Developments of Train Battery Market industry

  • In April 2023, EnerSys acquired Industrial Battery and Charger Services Limited (IBCS) based out in the UK to strengthen its motive power service offerings in the UK. The acquisition is a strategic maneuver by EnerSys aimed at broadening the scope of its motive power services and fortifying its position within the UK market. In January 2023, EnerSys and Verkor SAS, a European battery technology company, initiated a non-binding Memorandum of Understanding to investigate establishing a lithium battery gigafactory in the US. This upcoming factory will provide a growth opportunity for both companies and allow EnerSys to optimize cell sizing in battery solutions for its customers. In September 2022, Saft formed a supplier contract with Alstom to deliver MRX batteries for Grand Paris Express backup power applications. Saft has successfully delivered the initial ten battery systems intended for five trains, which are part of the overall requirement of up to 183 trains essential for the completion of three new lines (lines 15, 16, and 17) by 2030.
  • In May 2022, Saft, a subsidiary of TotalEnergies, started the supply of backup battery systems for Alstom’s Metropolis metro trains, which will be used on lines 15, 16, and 17 of the Grand Paris Express projects, the most extensive transportation initiative in Europe. In March 2022, Exide Industries Ltd. entered a technological partnership with SVOLT Technology Ltd., China. The partnership will provide the necessary technology and know-how to establish India’s lithium-ion battery production unit. In June 2020, Amara Raja Batteries Ltd. entered into a technological partnership with Gridtential Energy, Inc. to develop bipolar battery technology. Under the agreement, both companies will work on developing Silicon Joule bipolar reference batteries to determine improvements in cycle life, energy density, battery efficiency, charging rates, and manufacturability.

Key Market Players

KEY PLAYERS IN THE TRAIN BATTERY MARKET INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2018–2030
Base year considered 2022
Forecast period 2023–2030
Forecast volume Units
Forecast value USD Million
Segments Covered By Battery Type, Battery Technology, Application, engines/head, application, advanced train type, aftermarket by rolling stock, aftermarket by battery type, application, and region, and OE by Region
Geographies Covered Asia Pacific, Europe, North America, and the Rest of the World
Companies Covered EnerSys (US), Exide Industries (India), Saft (France), Amara Raja Batteries (India), and GS Yuasa Corporation (Japan) (Total of 25 companies)

Key Questions Addressed by the Report

What is the current size of the global train battery market?
The global train battery market will be USD 277 million in 2023.
Which adjacent market will be impacted due to the train battery market?
Sensor manufacturers, Battery Monitoring System manufacturers, cell connector manufacturers, battery container manufacturers, and battery thermal management system suppliers will have a positive impact due to growing sales of train batteries worldwide.
Who are the winners in the global train battery market?
Saft (France), Enersys (US), Exide Industries (India), GS Yuasa Corporation (Japan), Amara Raja Batteries Ltd (India), Hoppecke Batterien Gumby & Co. Kg (Germany)are the leading players in the global train battery market.
What are the key market trends impacting the growth of the train battery market?
The improvements in battery technologies, such as the development of various battery chemistries to increase energy density and power output, the growing development of high-speed train and bullet trains, and increasing government regulations related to emissions, will drive the demand for train batteries in the forecast period.
Which are the prominent battery technologies preferred in lead-acid battery types in train battery market?
Valve regulated lead-acid batteries and gel tubular lead-acid batteries are the two prominent battery technologies preferred for various railway application owing to low maintenance, and high energy density compared to conventional lead-acid battery technology

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
26
RESEARCH METHODOLOGY
33
EXECUTIVE SUMMARY
50
PREMIUM INSIGHTS
53
MARKET OVERVIEW
59
  • 5.1 INTRODUCTION
  • 5.2 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
  • 5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 MARKET ECOSYSTEM
    TRAIN BATTERY MANUFACTURERS
    COMPONENT/RAW MATERIAL SUPPLIERS
    TRAIN OEMS
    GOVERNMENT AND REGULATORY AUTHORITIES
    DEALERS AND DISTRIBUTORS
    SERVICE & REPAIR PROVIDERS
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 SUPPLY CHAIN ANALYSIS
  • 5.7 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.8 TRADE ANALYSIS
    IMPORT DATA
    - US
    - Canada
    - Japan
    - India
    - Germany
    - France
    - Spain
    - UK
    EXPORT DATA
    - US
    - China
    - Japan
    - Germany
    - France
    - Spain
    - UK
  • 5.9 PRICING ANALYSIS
    TRAIN BATTERY PRICING, BY REGION
    TRAIN BATTERY PRICING, BY BATTERY TYPE
  • 5.10 TECHNOLOGICAL ANALYSIS
    OVERVIEW
    - MITRAC pulse traction batteries
    - MRX nickel batteries
    - Solid-state batteries
    - Lithium-sulfur batteries
  • 5.11 PATENT ANALYSIS
  • 5.12 CASE STUDY ANALYSIS
    CASE STUDY 1: PROJECT OF SEPTA AND VIRIDITY ENERGY TO INCREASE OPERATIONAL EFFICIENCY WITH LESS ENERGY CONSUMPTION
    CASE STUDY 2: RELIABLE AUTONOMOUS BATTERY SOLUTIONS FOR HARSH WEATHER FROM SAFT TO VR GROUP
    CASE STUDY 3: EMERGENCY BATTERY SYSTEM FROM SAFT TO CHENGDU METRO
    CASE STUDY 4: LITHIUM-ION BATTERY SOLUTIONS FROM SAFT TO ALSTROM TRANSPORT FOR DIFFERENT WEATHER CONDITIONS AND HIGH-VIBRATING ENVIRONMENTS
    CASE STUDY 5: DEVELOPMENT OF HYBRID TRAIN FOR NON-ELECTRIFIED SUBSECTIONS OF LINE
    CASE STUDY 6: ELECTRIFICATION OF RAIL MILLING TRAINS FOR EMISSION-FREE TRACK MAINTENANCE
    CASE STUDY 7: PARTNERSHIP BETWEEN HITACHI AND TURNTIDE TECHNOLOGIES TO PROVIDE MORE SUSTAINABLE RAIL JOURNEYS IN UK
  • 5.13 KEY CONFERENCES AND EVENTS
    TRAIN BATTERY MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024
  • 5.14 BUYING CRITERIA
  • 5.15 BILL OF MATERIALS
TRAIN BATTERY MARKET, BY APPLICATION & BATTERY TYPE
98
  • 6.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 6.2 STARTER BATTERIES
    LEAD-ACID BATTERIES
    - Easy transportation and value for cost to increase demand in rail sector
    NI-CD BATTERIES
    - Uninterruptible power supply and high current supply for diesel starting motors to drive demand
  • 6.3 AUXILIARY BATTERIES
    LEAD-ACID BATTERIES
    - Cost competitiveness and durability to increase demand in rail sector
    NI-CD BATTERIES
    - High energy density, longer lifespan, and ability to deliver high currents to increase market penetration
    LITHIUM-ION BATTERIES
    - Fast charging time, longer lifespan, and high energy density to drive adoption in rolling stock
TRAIN BATTERY MARKET, BY BATTERY TYPE & BATTERY TECHNOLOGY
113
  • 7.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 7.2 LEAD-ACID BATTERIES
    CONVENTIONAL LEAD-ACID BATTERIES
    - Growing popularity of VRLA batteries to impact demand for conventional lead-acid batteries
    VALVE-REGULATED LEAD-ACID BATTERIES
    - High reliability and low cost of ownership to drive market
    GEL TUBULAR LEAD-ACID BATTERIES
    - High current applications to increase demand
  • 7.3 NICKEL-CADMIUM BATTERIES
    SINTER/PNE NICKEL-CADMIUM BATTERIES
    - Good chargeability and longer life cycle to drive demand
    POCKET PLATE NICKEL-CADMIUM BATTERIES
    - Lower energy density capacity and short lifetime to impact demand
    FIBER/PNE NICKEL-CADMIUM BATTERIES
    - Reduction in shortcomings of second-generation nickel-cadmium battery technology to drive demand
  • 7.4 LITHIUM-ION BATTERIES
    LITHIUM IRON PHOSPHATE BATTERIES
    - Good chargeability and longer life cycle to drive demand
    LITHIUM TITANATE OXIDE BATTERIES
    - Fast charging capability to drive demand
    OTHERS
TRAIN BATTERY MARKET, BY ENGINE/HEAD
128
  • 8.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 8.2 DIESEL LOCOMOTIVES
    DEVELOPMENT OF FREIGHT TRAINS AND RAIL NETWORKS IN EMERGING ECONOMIES TO DRIVE MARKET
  • 8.3 DIESEL MULTIPLE UNITS
    EXPANSION OF INTERCITY RAIL NETWORKS TO DRIVE MARKET
  • 8.4 ELECTRIC LOCOMOTIVES
    LOW MAINTENANCE COST AND HIGHER OPERATIONAL EFFICIENCY TO DRIVE MARKET
  • 8.5 ELECTRIC MULTIPLE UNITS
    ADVANCEMENTS IN LIGHTING SOLUTIONS, SAFETY DOORS, AND HVACS TO DRIVE MARKET
TRAIN BATTERY MARKET, BY RAILWAY APPLICATION
139
  • 9.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 9.2 METROS
    EXPANSION OF URBAN RAIL NETWORK TO DRIVE DEMAND
  • 9.3 HIGH-SPEED TRAINS
    INFRASTRUCTURE DEVELOPMENT AND NEED FOR CHEAPER AND FASTER TRANSPORTATION MODES TO DRIVE DEMAND
  • 9.4 LIGHT RAILS/TRAMS/MONORAILS
    RAPID URBANIZATION AND AESTHETIC VALUE TO DRIVE DEMAND
  • 9.5 PASSENGER COACHES
    RAIL EXPANSION PROJECTS AND INCREASING NUMBER OF PASSENGERS TO DRIVE DEMAND
TRAIN BATTERY MARKET, BY ADVANCED TRAIN TYPE
149
  • 10.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 10.2 HYBRID TRAINS
    REDUCTION IN ENERGY CONSUMPTION AND REDUCED LIFECYCLE COST TO DRIVE DEMAND
    OPERATIONAL DATA
  • 10.3 FULLY BATTERY-OPERATED TRAINS
    EXPANSION OF RAIL NETWORK AND HIGHER COST OF ELECTRIFICATION TO DRIVE DEMAND
  • 10.4 AUTONOMOUS TRAINS
    CONTINUOUS DEVELOPMENTS, LOW COST OF OPERATION, AND LOW ENERGY CONSUMPTION TO DRIVE DEMAND
TRAIN BATTERY MARKET, BY REGION
157
  • 11.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 11.2 ASIA PACIFIC
    RECESSION IMPACT
    CHINA
    - Rail expansion projects to drive market
    INDIA
    - Electrification of rail routes to drive market
    JAPAN
    - Development of high-speed EMUs to drive market
    SOUTH KOREA
    - Strong urban rail network and development of high-speed rail service to drive market
  • 11.3 EUROPE
    RECESSION IMPACT
    GERMANY
    - Replacement of diesel locomotives with battery-operated trains to drive market
    FRANCE
    - Stringent emission norms for locomotives to boost demand for train batteries
    ITALY
    - Increasing demand for batteries for EMUs and light rails to drive market
    UK
    - Urban rail developments to drive market
    SPAIN
    - Investment in high-speed rail networks to drive market
    SWITZERLAND
    - Growing development of passenger trains to drive demand for batteries
    POLAND
    - Development of intercity trains to drive demand for batteries
    SWEDEN
    - Rising demand for regional trains to drive market
  • 11.4 NORTH AMERICA
    RECESSION IMPACT
    US
    - Rising diesel prices to drive market
    CANADA
    - Development of commuter trains like metros and passenger rails to drive demand for batteries
    MEXICO
    - Growing development of catenary-free rail tracks to drive market
  • 11.5 REST OF THE WORLD
    RECESSION IMPACT
    BRAZIL
    - Growing demand for auxiliary function batteries to drive market
    RUSSIA
    - Increasing demand for wide temperature-range rail batteries to drive market
TRAIN BATTERY AFTERMARKET, BY ROLLING STOCK
200
  • 12.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 12.2 LOCOMOTIVES
    IMPROVED LIFE CYCLE OF LOCOMOTIVES TO DRIVE DEMAND FOR TRAIN BATTERIES
  • 12.3 MULTIPLE UNITS
    ADVANCED FEATURES IN URBAN TRANSIT SYSTEMS TO INCREASE TRAIN BATTERY ADOPTION IN MULTIPLE UNITS
  • 12.4 PASSENGER COACHES
    REFURBISHMENT PROJECTS TO EXTEND OPERATIONAL LIFE OF PASSENGER COACHES TO BOOST DEMAND
TRAIN BATTERY AFTERMARKET, BY BATTERY TYPE
209
  • 13.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 13.2 LEAD-ACID BATTERIES
    FREQUENT REPLACEMENT RATE AND LOW CYCLE LIFE TO DRIVE DEMAND
  • 13.3 NICKEL-CADMIUM BATTERIES
    LONGER LIFE AND EASY MAINTENANCE TO BOOST MARKET SHARE
TRAIN BATTERY AFTERMARKET, BY APPLICATION
215
  • 14.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 14.2 STARTER BATTERIES
    REQUIREMENT FOR REPLACEMENT BATTERIES IN DMUS AND DIESEL LOCOMOTIVES TO DRIVE DEMAND
  • 14.3 AUXILIARY BATTERIES
    GROWING POWER REQUIREMENT FOR ONBOARD ELECTRIC SYSTEMS TO RAISE DEMAND
TRAIN BATTERY AFTERMARKET, BY REGION
221
  • 15.1 INTRODUCTION
    INDUSTRY INSIGHTS
  • 15.2 ASIA PACIFIC
    HIGH NUMBER OF ROLLING STOCKS TO DRIVE REPLACEMENT DEMAND
  • 15.3 EUROPE
    EXPANSION OF INTERCITY RAIL NETWORKS TO DRIVE DEMAND
  • 15.4 NORTH AMERICA
    GROWING DIESEL LOCOMOTIVE RETROFITTING AND REFURBISHMENT TO DRIVE DEMAND
COMPETITIVE LANDSCAPE
225
  • 16.1 OVERVIEW
  • 16.2 MARKET SHARE ANALYSIS, 2022
  • 16.3 TRAIN BATTERY MARKET SHARE ANALYSIS, 2022
  • 16.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
  • 16.5 COMPANY EVALUATION MATRIX
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 16.6 COMPANY EVALUATION MATRIX – BATTERY MANUFACTURERS FOR FULLY BATTERY-OPERATED TRAINS
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 16.7 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    OTHERS
  • 16.8 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018–2022
  • 16.9 MAJOR BATTERY SUPPLIERS – CURRENT PRODUCT OFFERINGS AND FUTURE PRODUCT PLANS
COMPANY PROFILES
249
  • 17.1 KEY PLAYERS
    ENERSYS
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    SAFT
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    GS YUASA INTERNATIONAL LTD.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    EXIDE INDUSTRIES LTD.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    AMARA RAJA BATTERIES LIMITED
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    HOPPECKE BATTERIEN GMBH & CO. KG
    - Business overview
    - Products offered
    - Recent developments
    SEC BATTERY
    - Business overview
    - Products offered
    FIRST NATIONAL BATTERY
    - Business overview
    - Products offered
    POWER & INDUSTRIAL BATTERY SYSTEMS GMBH
    - Business overview
    - Products offered
    EXIDE TECHNOLOGIES
    - Business overview
    - Products offered
    TOSHIBA CORPORATION
    - Business overview
    - Products offered
    - Recent developments
  • 17.2 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
    LECLANCHÉ SA
    ECOBAT
    HBL BATTERIES
    STAR BATTERY LTD.
    HITACHI, LTD.
RECOMMENDATIONS FROM MARKETSANDMARKETS
303
  • 18.1 ASIA PACIFIC: POTENTIAL MARKET FOR TRAIN BATTERY MANUFACTURERS TO FOCUS ON
  • 18.2 COST-EFFECTIVE BATTERY TECHNOLOGIES WITH HIGH ENERGY DENSITY: NEED OF FUTURE
  • 18.3 CONCLUSION
APPENDIX
305
  • 19.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 19.2 DISCUSSION GUIDE
  • 19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 19.4 CUSTOMIZATION OPTIONS
    TRAIN BATTERY MARKET, BY APPLICATION AND ROLLING STOCK
    - Engine Starters
    - Auxiliary Functions
    TRAIN BATTERY MARKET, BY ROLLING STOCK AND BY BATTERY TYPE
    - Lead-acid
    - Nickel-Cadmium
    - Lithium-ion
    US TRAIN BATTERY AFTERMARKET, BY ROLLING STOCK
    - Locomotives
    - Multiple Units
    - Passenger Coaches
  • 19.5 RELATED REPORTS
  • 19.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 SEGMENT-WISE INCLUSIONS AND EXCLUSIONS
  • TABLE 2 CURRENCY EXCHANGE RATES
  • TABLE 3 MARKET ASSUMPTIONS: NUMBER OF BATTERIES COUNT IN EACH ROLLING STOCK
  • TABLE 4 MARKET ASSUMPTIONS: NUMBER OF BATTERIES COUNT IN ADVANCED TRAINS
  • TABLE 5 MARKET ASSUMPTIONS AND RISK ANALYSIS
  • TABLE 6 GRADE OF RAIL AUTOMATION
  • TABLE 7 LIST OF SEMI-AUTONOMOUS AND AUTONOMOUS METROS
  • TABLE 8 RECENT DEVELOPMENTS IN BATTERY OR HYDROGEN FUEL CELL-BASED LOCOMOTIVES
  • TABLE 9 UPCOMING KEY RAIL PROJECTS, BY COUNTRY
  • TABLE 10 TRAIN BATTERY MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 11 NORTH AMERICA: LOCOMOTIVE AND BATTERY SYSTEMS REGULATIONS
  • TABLE 12 EUROPE: LOCOMOTIVE AND BATTERY SYSTEMS REGULATIONS
  • TABLE 13 ASIA PACIFIC: LOCOMOTIVE AND BATTERY SYSTEMS REGULATIONS
  • TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 17 US: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (IMPORT VALUE %)
  • TABLE 18 CANADA: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (IMPORT VALUE %)
  • TABLE 19 JAPAN: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (IMPORT VALUE %)
  • TABLE 20 INDIA: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (IMPORT VALUE %)
  • TABLE 21 GERMANY: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (IMPORT VALUE %)
  • TABLE 22 FRANCE: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (IMPORT VALUE %)
  • TABLE 23 SPAIN: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (IMPORT VALUE %)
  • TABLE 24 UK: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (IMPORT VALUE %)
  • TABLE 25 US: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (EXPORT VALUE %)
  • TABLE 26 CHINA: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (EXPORT VALUE %)
  • TABLE 27 JAPAN: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (EXPORT VALUE %)
  • TABLE 28 GERMANY: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (EXPORT VALUE %)
  • TABLE 29 FRANCE: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (EXPORT VALUE %)
  • TABLE 30 SPAIN: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (EXPORT VALUE %)
  • TABLE 31 UK: RAIL LOCOMOTIVES POWERED BY ELECTRIC ACTUATORS (BATTERIES), BY COUNTRY (EXPORT VALUE %)
  • TABLE 32 AVERAGE SELLING PRICE TREND, BY REGION, 2020 VS. 2022
  • TABLE 33 AVERAGE SELLING PRICE TREND, BY BATTERY TYPE, 2020 VS. 2022
  • TABLE 34 KEY BUYING CRITERIA FOR NICKEL-CADMIUM VS. LITHIUM-ION BATTERIES
  • TABLE 35 TRAIN BATTERY MARKET, BY APPLICATION, 2018–2022 (UNITS)
  • TABLE 36 MARKET, BY APPLICATION, 2023–2030 (UNITS)
  • TABLE 37 MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
  • TABLE 38 MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 39 STARTER BATTERY MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 40 STARTER BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 41 STARTER BATTERY MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 42 STARTER BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 43 LEAD-ACID: STARTER BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 44 LEAD-ACID: STARTER BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 45 LEAD-ACID: STARTER BATTERY MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 46 LEAD-ACID: STARTER BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 47 NI-CD: STARTER BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 48 NI-CD: STARTER BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 49 NI-CD: STARTER BATTERY MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 50 NI-CD: STARTER BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 51 AUXILIARY BATTERY MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 52 AUXILIARY BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 53 AUXILIARY BATTERY MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 54 AUXILIARY BATTERY MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 55 LEAD-ACID: AUXILIARY BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 56 LEAD-ACID: AUXILIARY BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 57 LEAD-ACID: AUXILIARY BATTERY MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 58 LEAD-ACID: AUXILIARY BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 59 NI-CD: AUXILIARY BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 60 NI-CD: AUXILIARY BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 61 NI-CD: AUXILIARY BATTERY MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 62 NI-CD: AUXILIARY BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 63 LITHIUM-ION: AUXILIARY BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 64 LITHIUM-ION: AUXILIARY BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 65 LITHIUM-ION: AUXILIARY BATTERY MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 66 LITHIUM-ION: AUXILIARY BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 67 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 68 MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 69 MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 70 MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 71 LEAD-ACID BATTERY MARKET, BY BATTERY TECHNOLOGY, 2018–2022 (UNITS)
  • TABLE 72 LEAD-ACID BATTERY MARKET, BY BATTERY TECHNOLOGY, 2023–2030 (UNITS)
  • TABLE 73 CONVENTIONAL LEAD-ACID BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 74 CONVENTIONAL LEAD-ACID BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 75 VALVE-REGULATED LEAD-ACID BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 76 VALVE-REGULATED LEAD-ACID BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 77 GEL TUBULAR LEAD-ACID BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 78 GEL TUBULAR LEAD-ACID BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 79 NICKEL-CADMIUM BATTERY MARKET, BY BATTERY TECHNOLOGY, 2018–2022 (UNITS)
  • TABLE 80 NICKEL-CADMIUM BATTERY MARKET, BY BATTERY TECHNOLOGY, 2023–2030 (UNITS)
  • TABLE 81 SINTER/PNE NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 82 SINTER/PNE NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 83 POCKET PLATE NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 84 POCKET PLATE NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 85 FIBER/PNE NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 86 FIBER/PNE NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 87 LITHIUM-ION BATTERY MARKET, BY BATTERY TECHNOLOGY, 2018–2022 (UNITS)
  • TABLE 88 LITHIUM-ION BATTERY MARKET, BY BATTERY TECHNOLOGY, 2023–2030 (UNITS)
  • TABLE 89 LITHIUM IRON PHOSPHATE BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 90 LITHIUM IRON PHOSPHATE BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 91 LITHIUM TITANATE OXIDE BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 92 LITHIUM TITANATE OXIDE BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 93 OTHER LITHIUM-ION BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 94 OTHER LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 95 TRAIN BATTERY MARKET, BY ENGINE/HEAD, 2018–2022 (UNITS)
  • TABLE 96 MARKET, BY ENGINE/HEAD, 2023–2030 (UNITS)
  • TABLE 97 MARKET, BY ENGINE/HEAD, 2018–2022 (USD MILLION)
  • TABLE 98 MARKET, BY ENGINE/HEAD, 2023–2030 (USD MILLION)
  • TABLE 99 DIESEL LOCOMOTIVES: TRAIN BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 100 DIESEL LOCOMOTIVES: MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 101 DIESEL LOCOMOTIVES: MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 102 DIESEL LOCOMOTIVES: MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 103 DIESEL MULTIPLE UNITS: MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 104 DIESEL MULTIPLE UNITS: MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 105 DIESEL MULTIPLE UNITS: MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 106 DIESEL MULTIPLE UNITS: MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 107 ELECTRIC LOCOMOTIVES: MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 108 ELECTRIC LOCOMOTIVES: MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 109 ELECTRIC LOCOMOTIVES: MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 110 ELECTRIC LOCOMOTIVES: MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 111 ELECTRIC MULTIPLE UNITS: MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 112 ELECTRIC MULTIPLE UNIT: MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 113 ELECTRIC MULTIPLE UNITS: MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 114 ELECTRIC MULTIPLE UNITS: MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 115 MARKET, BY RAILWAY APPLICATION, 2018–2022 (UNITS)
  • TABLE 116 MARKET, BY RAILWAY APPLICATION, 2023–2030 (UNITS)
  • TABLE 117 MARKET, BY RAILWAY APPLICATION, 2018–2022 (USD MILLION)
  • TABLE 118 MARKET, BY RAILWAY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 119 METROS: MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 120 METROS: MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 121 METROS: MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 122 METROS: MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 123 HIGH-SPEED TRAINS: MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 124 HIGH-SPEED TRAINS: MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 125 HIGH-SPEED TRAINS: MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 126 HIGH-SPEED TRAINS: MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 127 LIGHT RAILS/TRAMS/MONORAILS: MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 128 LIGHT RAILS/TRAMS/MONORAILS: MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 129 LIGHT RAILS/TRAMS/MONORAILS: MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 130 LIGHT RAILS/TRAMS/MONORAILS: MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 131 PASSENGER COACHES: MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 132 PASSENGER COACHES: MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 133 PASSENGER COACHES: MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 134 PASSENGER COACHES: MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 135 MARKET, BY ADVANCED TRAIN TYPE, 2018–2022 (UNITS)
  • TABLE 136 MARKET, BY ADVANCED TRAIN TYPE, 2023–2030 (UNITS)
  • TABLE 137 TRAIN BATTERY MARKET, BY ADVANCED TRAIN TYPE, 2018–2022 (USD MILLION)
  • TABLE 138 MARKET, BY ADVANCED TRAIN TYPE, 2023–2030 (USD MILLION)
  • TABLE 139 HYBRID TRAINS WITH PROPULSION TYPE
  • TABLE 140 HYBRID MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 141 HYBRID TRAIN BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 142 HYBRID TRAIN BATTERY MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 143 HYBRID TRAIN BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 144 FULLY BATTERY-OPERATED TRAIN BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 145 FULLY BATTERY-OPERATED TRAIN BATTERY MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 146 FULLY BATTERY-OPERATED TRAIN BATTERY MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 147 FULLY BATTERY-OPERATED TRAIN BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 148 TRAIN BATTERY MARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 149 MARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 150 MARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 151 MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 152 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (UNITS)
  • TABLE 153 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2030 (UNITS)
  • TABLE 154 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
  • TABLE 155 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 156 CHINA: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 157 CHINA: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 158 CHINA: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 159 CHINA: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 160 LIST OF APPROVED UPCOMING HIGH-SPEED RAILWAY PROJECTS IN INDIA
  • TABLE 161 INDIA: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 162 INDIA: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 163 INDIA: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 164 INDIA: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 165 JAPAN: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 166 JAPAN: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 167 JAPAN: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 168 JAPAN: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 169 SOUTH KOREA: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 170 SOUTH KOREA: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 171 SOUTH KOREA: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 172 SOUTH KOREA: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 173 EUROPE: MARKET, BY COUNTRY, 2018–2022 (UNITS)
  • TABLE 174 EUROPE: MARKET, BY COUNTRY, 2023–2030 (UNITS)
  • TABLE 175 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
  • TABLE 176 EUROPE: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 177 GERMANY: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 178 GERMANY: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 179 GERMANY: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 180 GERMANY: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 181 FRANCE: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 182 FRANCE: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 183 FRANCE: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 184 FRANCE: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 185 ITALY: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 186 ITALY: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 187 ITALY: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 188 ITALY: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 189 UK: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 190 UK: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 191 UK: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 192 UK: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 193 SPAIN: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 194 SPAIN: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 195 SPAIN: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 196 SPAIN: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 197 SWITZERLAND: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 198 SWITZERLAND: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 199 SWITZERLAND: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 200 SWITZERLAND: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 201 POLAND: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 202 POLAND: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 203 POLAND: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 204 POLAND: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 205 SWEDEN: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 206 SWEDEN: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 207 SWEDEN: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 208 SWEDEN: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 209 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (UNITS)
  • TABLE 210 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2030 (UNITS)
  • TABLE 211 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
  • TABLE 212 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 213 US: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 214 US: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 215 US: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 216 US: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 217 CANADA: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 218 CANADA: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 219 CANADA: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 220 CANADA: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 221 MEXICO: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 222 MEXICO: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 223 MEXICO: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 224 MEXICO: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 225 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2022 (UNITS)
  • TABLE 226 REST OF THE WORLD: MARKET, BY COUNTRY, 2023–2030 (UNITS)
  • TABLE 227 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
  • TABLE 228 REST OF THE WORLD: MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 229 BRAZIL: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 230 BRAZIL: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 231 BRAZIL: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 232 BRAZIL: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 233 RUSSIA: MARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 234 RUSSIA: MARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 235 RUSSIA: MARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 236 RUSSIA: MARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 237 TRAIN BATTERY AFTERMARKET, BY ROLLING STOCK, 2018–2022 (UNITS)
  • TABLE 238 TRAIN BATTERY AFTERMARKET, BY ROLLING STOCK, 2023–2030 (UNITS)
  • TABLE 239 TRAIN BATTERY AFTERMARKET, BY ROLLING STOCK, 2018–2022 (USD MILLION)
  • TABLE 240 TRAIN BATTERY AFTERMARKET, BY ROLLING STOCK, 2023–2030 (USD MILLION)
  • TABLE 241 LOCOMOTIVES: TRAIN BATTERY AFTERMARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 242 LOCOMOTIVES: TRAIN BATTERY AFTERMARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 243 LOCOMOTIVES: TRAIN BATTERY AFTERMARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 244 LOCOMOTIVES: TRAIN BATTERY AFTERMARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 245 MULTIPLE UNITS: TRAIN BATTERY AFTERMARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 246 MULTIPLE UNITS: TRAIN BATTERY AFTERMARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 247 MULTIPLE UNITS: TRAIN BATTERY AFTERMARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 248 MULTIPLE UNITS: TRAIN BATTERY AFTERMARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 249 PASSENGER COACHES: TRAIN BATTERY AFTERMARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 250 PASSENGER COACHES: TRAIN BATTERY AFTERMARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 251 PASSENGER COACHES: TRAIN BATTERY AFTERMARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 252 PASSENGER COACHES: TRAIN BATTERY AFTERMARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 253 TRAIN BATTERY AFTERMARKET, BY BATTERY TYPE, 2018–2022 (UNITS)
  • TABLE 254 TRAIN BATTERY AFTERMARKET, BY BATTERY TYPE, 2023–2030 (UNITS)
  • TABLE 255 TRAIN BATTERY AFTERMARKET, BY BATTERY TYPE, 2018–2022 (USD MILLION)
  • TABLE 256 TRAIN BATTERY AFTERMARKET, BY BATTERY TYPE, 2023–2030 (USD MILLION)
  • TABLE 257 LEAD-ACID BATTERY AFTERMARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 258 LEAD-ACID BATTERY AFTERMARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 259 LEAD-ACID BATTERY AFTERMARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 260 LEAD-ACID BATTERY AFTERMARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 261 NICKEL-CADMIUM BATTERY AFTERMARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 262 NICKEL-CADMIUM BATTERY AFTERMARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 263 NICKEL-CADMIUM BATTERY AFTERMARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 264 NICKEL-CADMIUM BATTERY AFTERMARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 265 TRAIN BATTERY AFTERMARKET, BY APPLICATION, 2018–2022 (UNITS)
  • TABLE 266 TRAIN BATTERY AFTERMARKET, BY APPLICATION, 2023–2030 (UNITS)
  • TABLE 267 TRAIN BATTERY AFTERMARKET, BY APPLICATION, 2018–2022 (USD MILLION)
  • TABLE 268 TRAIN BATTERY AFTERMARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 269 STARTER BATTERY AFTERMARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 270 STARTER BATTERY AFTERMARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 271 STARTER BATTERY AFTERMARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 272 STARTER BATTERY AFTERMARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 273 AUXILIARY BATTERY AFTERMARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 274 AUXILIARY BATTERY AFTERMARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 275 AUXILIARY BATTERY AFTERMARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 276 AUXILIARY BATTERY AFTERMARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 277 TRAIN BATTERY AFTERMARKET, BY REGION, 2018–2022 (UNITS)
  • TABLE 278 TRAIN BATTERY AFTERMARKET, BY REGION, 2023–2030 (UNITS)
  • TABLE 279 TRAIN BATTERY AFTERMARKET, BY REGION, 2018–2022 (USD MILLION)
  • TABLE 280 TRAIN BATTERY AFTERMARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 281 MARKET SHARE ANALYSIS, 2022
  • TABLE 282 MARKET: COMPANY PRODUCT FOOTPRINT, 2022
  • TABLE 283 MARKET: COMPANY APPLICATION FOOTPRINT, 2022
  • TABLE 284 MARKET: COMPANY REGION FOOTPRINT, 2022
  • TABLE 285 COMPANY PRODUCT FOOTPRINT, 2022
  • TABLE 286 COMPANY APPLICATION FOOTPRINT, 2022
  • TABLE 287 COMPANY REGION FOOTPRINT, 2022
  • TABLE 288 PRODUCT LAUNCHES, 2018–2023
  • TABLE 289 DEALS, 2018–2023
  • TABLE 290 OTHERS, 2018–2023
  • TABLE 291 COMPANIES ADOPTED PRODUCT DEVELOPMENTS AND EXPANSIONS AS KEY GROWTH STRATEGIES, 2018–2022
  • TABLE 292 CURRENT VS. FUTURE PRODUCT PLANS
  • TABLE 293 ENERSYS: COMPANY OVERVIEW
  • TABLE 294 ENERSYS: PRODUCT LAUNCHES
  • TABLE 295 ENERSYS: DEALS
  • TABLE 296 SAFT: COMPANY OVERVIEW
  • TABLE 297 SAFT: DEALS
  • TABLE 298 SAFT: OTHERS
  • TABLE 299 GS YUASA INTERNATIONAL LTD.: COMPANY OVERVIEW
  • TABLE 300 GS YUASA INTERNATIONAL LTD.: PRODUCT LAUNCHES
  • TABLE 301 GS YUASA INTERNATIONAL LTD.: OTHERS
  • TABLE 302 EXIDE INDUSTRIES LTD.: COMPANY OVERVIEW
  • TABLE 303 EXIDE INDUSTRIES LTD.: DEALS
  • TABLE 304 EXIDE INDUSTRIES LTD.: OTHERS
  • TABLE 305 AMARA RAJA BATTERIES LIMITED: COMPANY OVERVIEW
  • TABLE 306 AMARA RAJA BATTERIES LIMITED: DEALS
  • TABLE 307 AMARA RAJA BATTERIES LIMITED: OTHERS
  • TABLE 308 HOPPECKE BATTERIEN GMBH & CO. KG: COMPANY OVERVIEW
  • TABLE 309 HOPPECKE BATTERIEN GMBH & CO. KG: DEALS
  • TABLE 310 HOPPECKE BATTERIEN GMBH & CO. KG: OTHERS
  • TABLE 311 SEC BATTERY: COMPANY OVERVIEW
  • TABLE 312 FIRST NATIONAL BATTERY: COMPANY OVERVIEW
  • TABLE 313 POWER & INDUSTRIAL BATTERY SYSTEMS GMBH: COMPANY OVERVIEW
  • TABLE 314 EXIDE TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 315 TOSHIBA CORPORATION: COMPANY OVERVIEW
  • TABLE 316 TOSHIBA CORPORATION: PRODUCT LAUNCHES
  • TABLE 317 TOSHIBA CORPORATION: DEALS
  • TABLE 318 TOSHIBA CORPORATION: OTHERS
  • TABLE 319 EAST PENN MANUFACTURING COMPANY: COMPANY OVERVIEW
  • TABLE 320 MICROTEX ENERGY PRIVATE LIMITED: COMPANY OVERVIEW
  • TABLE 321 AEG POWER SOLUTIONS: COMPANY OVERVIEW
  • TABLE 322 FURUKAWA ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 323 HUNAN FENGRI POWER & ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 324 SHUANGDENG GROUP CO., LTD.: COMPANY OVERVIEW
  • TABLE 325 COSLIGHT INDIA: COMPANY OVERVIEW
  • TABLE 326 SHIELD BATTERIES LIMITED: COMPANY OVERVIEW
  • TABLE 327 AKASOL AG: COMPANY OVERVIEW
  • TABLE 328 DMS TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 329 NATIONAL RAILWAY SUPPLY: COMPANY OVERVIEW
  • TABLE 330 LECLANCHÉ SA: COMPANY OVERVIEW
  • TABLE 331 ECOBAT: COMPANY OVERVIEW
  • TABLE 332 HBL BATTERIES: COMPANY OVERVIEW
  • TABLE 333 STAR BATTERY LTD.: COMPANY OVERVIEW
  • TABLE 334 HITACHI, LTD.: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 MARKETS COVERED
  • FIGURE 2 RESEARCH DESIGN
  • FIGURE 3 RESEARCH METHODOLOGY MODEL
  • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
  • FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 6 BOTTOM-UP APPROACH, BY BATTERY TYPE AND ROLLING STOCK
  • FIGURE 7 TOP-DOWN APPROACH, BY BATTERY TECHNOLOGY
  • FIGURE 8 DATA TRIANGULATION
  • FIGURE 9 TRAIN BATTERY MARKET OUTLOOK
  • FIGURE 10 MARKET, BY REGION, 2023 VS. 2030 (USD MILLION)
  • FIGURE 11 DEVELOPMENT OF HIGH-SPEED TRAINS AND EXPANSION OF URBAN RAIL NETWORKS TO DRIVE MARKET
  • FIGURE 12 NICKEL-CADMIUM BATTERIES SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 13 AUXILIARY BATTERIES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 14 SINTER/PNE NI-CD SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 15 ELECTRIC LOCOMOTIVES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 16 PASSENGER COACHES SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 17 FULLY BATTERY-OPERATED TRAINS SEGMENT TO WITNESS HIGHER CAGR THAN HYBRID TRAINS SEGMENT DURING FORECAST PERIOD
  • FIGURE 18 COACHES SEGMENT TO LEAD AFTERMARKET DURING FORECAST PERIOD
  • FIGURE 19 LEAD-ACID BATTERIES SEGMENT TO HOLD LARGER MARKET SHARE THAN NICKEL-CADMIUM BATTERIES SEGMENT DURING FORECAST PERIOD
  • FIGURE 20 AUXILIARY BATTERIES SEGMENT TO REGISTER HIGHER CAGR THAN STARTER BATTERIES SEGMENT DURING FORECAST PERIOD
  • FIGURE 21 ASIA PACIFIC TO LEAD AFTERMARKET DURING FORECAST PERIOD
  • FIGURE 22 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
  • FIGURE 23 TRAIN BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 24 LENGTH OF HIGH-SPEED RAIL LINES IN OPERATION, BY REGION, 2022
  • FIGURE 25 EVOLUTION OF GOA4 INFRASTRUCTURE, 2012–2020
  • FIGURE 26 TOTAL COST OF OWNERSHIP COMPARISON FOR AVERAGE US CLASS I LINE-HAUL ELECTRIC AND DIESEL FREIGHT LOCOMOTIVES, 2001–2021
  • FIGURE 27 BATTERY CHEMISTRY COMPARISON
  • FIGURE 28 MARKET ECOSYSTEM
  • FIGURE 29 MARKET SEGMENT ECOSYSTEM
  • FIGURE 30 MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 31 MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 32 KEY BUYING CRITERIA FOR NICKEL-CADMIUM VS. LITHIUM-ION BATTERIES
  • FIGURE 33 COMPARISON OF BILL OF MATERIALS OF LEAD-ACID AND NI-CD BATTERIES, 2023
  • FIGURE 34 MARKET, BY APPLICATION, 2023 VS. 2030 (USD MILLION)
  • FIGURE 35 MARKET, BY BATTERY TYPE, 2023 VS. 2030 (USD MILLION)
  • FIGURE 36 MARKET, BY ENGINE/HEAD, 2023 VS. 2030 (USD MILLION)
  • FIGURE 37 MARKET, BY RAILWAY APPLICATION, 2023 VS. 2030 (USD MILLION)
  • FIGURE 38 MARKET, BY ADVANCED TRAIN TYPE, 2023 VS. 2030 (USD MILLION)
  • FIGURE 39 TRAIN BATTERY MARKET, BY REGION, 2023–2030 (USD MILLION)
  • FIGURE 40 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 41 EUROPE: MARKET SNAPSHOT
  • FIGURE 42 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 43 REST OF THE WORLD: MARKET, 2023 VS. 2030 (USD MILLION)
  • FIGURE 44 TRAIN BATTERY AFTERMARKET, BY ROLLING STOCK, 2023 VS. 2030 (USD MILLION)
  • FIGURE 45 TRAIN BATTERY AFTERMARKET, BY BATTERY TYPE, 2023 VS. 2030 (USD MILLION)
  • FIGURE 46 TRAIN BATTERY AFTERMARKET, BY APPLICATION, 2023 VS. 2030 (USD MILLION)
  • FIGURE 47 TRAIN BATTERY AFTERMARKET, BY REGION, 2023 VS. 2030 (USD MILLION)
  • FIGURE 48 TRAIN BATTERY MARKET SHARE ANALYSIS, 2022
  • FIGURE 49 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020–2022
  • FIGURE 50 COMPANY EVALUATION MATRIX: TRAIN BATTERY MANUFACTURERS, 2022
  • FIGURE 51 COMPANY EVALUATION MATRIX: BATTERY MANUFACTURERS FOR FULLY BATTERY-OPERATED TRAINS, 2022
  • FIGURE 52 ENERSYS: COMPANY SNAPSHOT
  • FIGURE 53 GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT
  • FIGURE 54 EXIDE INDUSTRIES LTD.: COMPANY SNAPSHOT
  • FIGURE 55 AMARA RAJA BATTERIES LIMITED: COMPANY SNAPSHOT
  • FIGURE 56 TOSHIBA CORPORATION: COMPANY SNAPSHOT

 

The study involved four major activities in estimating the current size of the train battery market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and industry associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the train battery market through secondary research. Several primary interviews have been conducted with market experts from both, demand- (locomotive & rolling stock manufacturers) and supply-side (battery manufacturers) across major regions, namely, North America, Europe, Asia Pacific, and RoW. Approximately 60%, 20%, and 20% of primary interviews were conducted from the supply-side, demand-side, and others respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the primary research, we have strived to cover various departments within organizations, such as sales, operations, and administration, to enable a holistic approach in our report.

After interacting with industry experts, we also conducted brief sessions with highly experienced independent consultants to reinforce the findings through the primaries conducted by us. This, along with the opinions of in-house subject matter experts, led us to the findings that have been delineated in this report.

Train Battery Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The study uses the bottom-up approach to estimate the market size and forecast the same for segments such as train type and battery type for each country considered under the scope of the study. The study covers the impact of the COVID-19 pandemic on the demand for various train types. The country-level forecast of train types is based on various secondary sources to understand the recovery period of the market and validate the same from industry experts. Once the base numbers were calculated, each train type was studied for the penetration of battery types in the same for all countries under the scope of the study. Then the Average Selling Price (ASP) was multiplied by each battery type for all train types to arrive at the country-wise value of the train and battery types. These numbers when collated represent the regional and global market size and forecast (volume as well as value) for train and battery types.

The top-down approach was used to estimate and validate the market size of the segment – battery technology. The market for battery type was arrived at using the bottom-down approach to estimate the battery technology market. For instance, the market for the three types of lead-acid batteries (conventional lead-acid, VRLA, gel tubular) was arrived at using the base number of lead-acid batteries. This is done by referring to multiple secondary sources and validating the penetration of battery technologies (in each battery type) from various industry experts.

Bottom-up approach: Train Battery market, by Battery type and region

Train Battery Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Top-down approach: by Battery Technology, Application

Train Battery Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides

Market Definition:

According to Saft, rail batteries are an important component of energy storage systems that are used for end-use applications such as starters, lighting, air conditioning, access mechanisms, water-filling systems, isolators, connectors, and battery management control (BMC) systems.

According to Exide Industries, The Train battery is securely housed within a battery enclosure located beneath the coach. In railway application, the battery operates in a dusty environment, experiences moderate to high levels of vibration, encounters fluctuating temperatures, has limited windows for inspection and maintenance, and operates continuously in a charge-discharge cycle. This represents the most rigorous evaluation of a battery's performance and longevity, emphasizing the critical significance of reliability.

Key Stakeholders:

  • Sales Head
  • Marketing Head
  • Design Manager
  • R&D Head

Report Objectives

  • To define, segment, analyze, and forecast (2023–2030) the train battery market size, in terms of volume (units) and value (USD million) based on:
    • OE By Battery Type (Lead-Acid, Nickel-Cadmium, and Lithium-ion)
    • OE By Battery Technology (Conventional Lead-Acid, Valve Regulated Lead-Acid, Gel Tubular Lead-Acid, Sinter/PNE Ni-Cd Battery, Pocket Plate Ni-Cd Battery, Fiber/PNE Ni-Cd Battery, Lithium Iron Phosphate, Lithium, Titanate Oxide, and Others)
    • OE By Application (Starter, and Auxiliary)
    • OE By Engines/Head (Diesel Locomotive, Diesel Multiple Units (DMUs), Electric Locomotive, and Electric Multiple Units (EMUs))
    • OE By Application (Metro, High-Speed Trains, Light Rail/ Trams/Monorail, Passenger Coaches)
    • OE By Advanced Train Type (Fully Battery-Powered Train, and Hybrid Train)
    • Aftermarket By battery type (Lead-Acid, Nickel-Cadmium)
    • Aftermarket By application (Starter, and Auxiliary)
    • Aftermarket By Rolling Stock (Locomotives, Multiple Units, and Passenger Coaches)
    • Aftermarket By Region (Asia Pacific, Europe, and North America)
    • OE By Region (North America, Europe, Asia Pacific, and the Rest of the World (RoW))
  • To analyze the recession impact on the train battery market
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the train battery market
  • To study the following with respect to the market
    • Supply Chain Analysis
    • Market Ecosystem
    • Technology Analysis
    • Trade Analysis
    • Case Study Analysis
    • Patent Analysis
    • Buying Criteria
    • Regulatory Landscape
    • Bill of Material
  • To estimate the following with respect to the market
    • Average Price Analysis
    • Market Share Analysis
  • To analyze the competitive landscape and prepare a competitive evaluation quadrant for the global players operating in the train battery market.
  • To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry participants in the train battery market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with a company’s specific needs.

The following customization options are available for the report:

Train Battery Market, By Application, By Rolling Stock

  • Engine Starter
  • Auxiliary Function

Note: The segment would be further segmented by region.

Train Battery Market, By Rolling Stock, By Battery Type

  • Lead Acid
  • Nickel-Cadmium
  • Lithium-Ion

Note: The segment would be further segmented by region

US Train Battery Aftermarket, By Rolling Stock, By Battery Type

  • Locomotives
  • Multiple Units
  • Passenger Coaches

Previous Versions of this Report

Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, & Li-Ion), Advanced Train (Autonomous, Hybrid, Fully Battery-Operated), Rolling Stock Type, Application and Region - Global Forecast to 2030

Report Code AT 6676
Published in May, 2022, By MarketsandMarkets™

Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, & Li-Ion), Advanced Train (Autonomous, Hybrid, Fully Battery-Operated), Rolling Stock Type, Application and Region - Global Forecast to 2030

Report Code AT 6676
Published in Sep, 2020, By MarketsandMarkets™

Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, & Li-Ion), Advanced Train (Autonomous, Hybrid, Fully Battery-Operated), Rolling Stock Type, Application and Region - Global Forecast to 2030

Report Code AT 6676
Published in Oct, 2018, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Train Battery Market

Nilesh

Jun, 2019

We are interested in train battery market report, would like to understand how can we also gain a better understanding of "advanced train" application with the free customization you are offering.

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