Train Battery Market Report (2024 - 2030) - Size and Share Analysis, Industry Trends, and Growth Forecasts

Description

Market Overview

The train battery market achieved revenue of USD 267.6 million in 2023 and is expected to grow at a rate of 7.0% from 2024 to 2030, reaching USD 429.5 million by 2030. The growing requirement for high-speed metros and trains, improvements in power storage systems, and increased investment in railway-electrified network projects are key factors driving this industry's development. Additionally, government backing and encouragement play a substantial role in the market's growth.

As funding for railway electrification increases, the expansion and the upgradation of networks also rise. For example, attaching new links between cities, spreading current routes, and improving the overall network arrangement.

As metropolises develop and more individuals reside in urban areas, the demand for improved transport systems also increases. Therefore, cities are expanding their train networks. In areas where space is limited due to many buildings and obstacles, setting up a wired system is very difficult and costly. Using trains with batteries is simpler and more cost-effective because such networks do not require a wired system. This makes it easier to establish connectivity between cities in densely populated areas.

The widespread adoption of rapid rail and intercity rail, along with the rising private transport sector, is a major factor spurring market development. The main source of energy for high-speed trains is electricity, which is obtained by building the necessary infrastructure. High-speed trains have gained popularity as the fastest means of terrestrial transportation. According to the U.S. Department of Energy, the capacity to transport more passengers per hour per meter is one of the greatest advantages of rail transport over carriages. This key advantage drives the expansion of high-speed rail networks worldwide.

Key Insights

The fastest-growing category, with a CAGR of 8% over the projection period, leading the industry.

Stores a lot of power in a compact space and is lightweight, making it perfect for applications with space and weight constraints.

Has a longer lifecycle compared to other batteries, allowing for multiple charge and discharge cycles without substantial degradation.

The train lighting category had the largest industry share, at 55%, in 2023. It is also projected to experience the fastest growth in the coming years.

Train lighting is a crucial component because it helps travelers see inside the train and feel safe and comfortable while traveling.

Holds the largest industry share due to its efficiency in preventing gas leakage during charging and discharging.

Preferred by OEMs for their lower cost and stable performance.

Extensively used in replacing older rolling stock fleets in the railway industry due to their suitability for various applications.

Chosen by OEMs for efficient power solutions in different applications.

In 2023, the APAC train battery industry held the largest revenue share at 40%.

Growth can be attributed to the expanding railway networks across Asian nations.

China has a high-speed railway track length exceeding 43,700 km.

India has the fourth-largest railway network with 104,647 km of running track.

Japan's railway track length is 27,600 km, contributing to the market share.

Product Code: 12920

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by locomotive type
- 1.4.3. Market size breakdown, by technology
- 1.4.4. Market size breakdown, by application
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Market Indicators

Chapter 6. Industry Outlook

6.1. Market Dynamics
- 6.1.1. Trends
- 6.1.2. Drivers
- 6.1.3. Restraints/challenges
- 6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter's Five Forces Analysis
- 6.3.1. Bargaining power of buyers
- 6.3.2. Bargaining power of suppliers
- 6.3.3. Threat of new entrants
- 6.3.4. Intensity of rivalry
- 6.3.5. Threat of substitutes
6.4. Value Chain Analysis
6.5. Technology Analysis
6.6. Regulatory Framework

Chapter 7. Competitive Landscape

7.1. List of Market Players and their Offerings
7.2. Competitive Benchmarking of Key Players
7.3. Product Benchmarking of Key Players
7.4. Recent Strategic Developments
7.5. Investment by Players

Chapter 8. Global Market

8.1. Overview
8.2. Market Revenue, by Type (2017-2030)
8.3. Market Revenue, by Locomotive Type (2017-2030)
8.4. Market Revenue, by Application (2017-2030)
8.5. Market Revenue, by Technology (2017-2030)
8.6. Market Revenue, by Region (2017-2030)

Chapter 9. North America Market

9.1. Overview
9.2. Market Revenue, by Type (2017-2030)
9.3. Market Revenue, by Locomotive Type (2017-2030)
9.4. Market Revenue, by Application (2017-2030)
9.5. Market Revenue, by Technology (2017-2030)
9.6. Market Revenue, by Country (2017-2030)

Chapter 10. Europe Market

10.1. Overview
10.2. Market Revenue, by Type (2017-2030)
10.3. Market Revenue, by Locomotive Type (2017-2030)
10.4. Market Revenue, by Application (2017-2030)
10.5. Market Revenue, by Technology (2017-2030)
10.6. Market Revenue, by Country (2017-2030)

Chapter 11. APAC Market

11.1. Overview
11.2. Market Revenue, by Type (2017-2030)
11.3. Market Revenue, by Locomotive Type (2017-2030)
11.4. Market Revenue, by Application (2017-2030)
11.5. Market Revenue, by Technology (2017-2030)
11.6. Market Revenue, by Country (2017-2030)

Chapter 12. LATAM Market

12.1. Overview
12.2. Market Revenue, by Type (2017-2030)
12.3. Market Revenue, by Locomotive Type (2017-2030)
12.4. Market Revenue, by Application (2017-2030)
12.5. Market Revenue, by Technology (2017-2030)
12.6. Market Revenue, by Country (2017-2030)

Chapter 13. MEA Market

13.1. Overview
13.2. Market Revenue, by Type (2017-2030)
13.3. Market Revenue, by Locomotive Type (2017-2030)
13.4. Market Revenue, by Application (2017-2030)
13.5. Market Revenue, by Technology (2017-2030)
13.6. Market Revenue, by Country (2017-2030)

Chapter 14. U.S. Market

14.1. Overview
14.2. Market Revenue, by Type (2017-2030)
14.3. Market Revenue, by Locomotive Type (2017-2030)
14.4. Market Revenue, by Application (2017-2030)
14.5. Market Revenue, by Technology (2017-2030)

Chapter 15. Canada Market

15.1. Overview
15.2. Market Revenue, by Type (2017-2030)
15.3. Market Revenue, by Locomotive Type (2017-2030)
15.4. Market Revenue, by Application (2017-2030)
15.5. Market Revenue, by Technology (2017-2030)

Chapter 16. Germany Market

16.1. Overview
16.2. Market Revenue, by Type (2017-2030)
16.3. Market Revenue, by Locomotive Type (2017-2030)
16.4. Market Revenue, by Application (2017-2030)
16.5. Market Revenue, by Technology (2017-2030)

Chapter 17. France Market

17.1. Overview
17.2. Market Revenue, by Type (2017-2030)
17.3. Market Revenue, by Locomotive Type (2017-2030)
17.4. Market Revenue, by Application (2017-2030)
17.5. Market Revenue, by Technology (2017-2030)

Chapter 18. U.K. Market

18.1. Overview
18.2. Market Revenue, by Type (2017-2030)
18.3. Market Revenue, by Locomotive Type (2017-2030)
18.4. Market Revenue, by Application (2017-2030)
18.5. Market Revenue, by Technology (2017-2030)

Chapter 19. Italy Market

19.1. Overview
19.2. Market Revenue, by Type (2017-2030)
19.3. Market Revenue, by Locomotive Type (2017-2030)
19.4. Market Revenue, by Application (2017-2030)
19.5. Market Revenue, by Technology (2017-2030)

Chapter 20. Spain Market

20.1. Overview
20.2. Market Revenue, by Type (2017-2030)
20.3. Market Revenue, by Locomotive Type (2017-2030)
20.4. Market Revenue, by Application (2017-2030)
20.5. Market Revenue, by Technology (2017-2030)

Chapter 21. China Market

21.1. Overview
21.2. Market Revenue, by Type (2017-2030)
21.3. Market Revenue, by Locomotive Type (2017-2030)
21.4. Market Revenue, by Application (2017-2030)
21.5. Market Revenue, by Technology (2017-2030)

Chapter 22. Japan Market

22.1. Overview
22.2. Market Revenue, by Type (2017-2030)
22.3. Market Revenue, by Locomotive Type (2017-2030)
22.4. Market Revenue, by Application (2017-2030)
22.5. Market Revenue, by Technology (2017-2030)

Chapter 23. India Market

23.1. Overview
23.2. Market Revenue, by Type (2017-2030)
23.3. Market Revenue, by Locomotive Type (2017-2030)
23.4. Market Revenue, by Application (2017-2030)
23.5. Market Revenue, by Technology (2017-2030)

Chapter 24. South Korea Market

24.1. Overview
24.2. Market Revenue, by Type (2017-2030)
24.3. Market Revenue, by Locomotive Type (2017-2030)
24.4. Market Revenue, by Application (2017-2030)
24.5. Market Revenue, by Technology (2017-2030)

Chapter 25. Australia Market

25.1. Overview
25.2. Market Revenue, by Type (2017-2030)
25.3. Market Revenue, by Locomotive Type (2017-2030)
25.4. Market Revenue, by Application (2017-2030)
25.5. Market Revenue, by Technology (2017-2030)

Chapter 26. Brazil Market

26.1. Overview
26.2. Market Revenue, by Type (2017-2030)
26.3. Market Revenue, by Locomotive Type (2017-2030)
26.4. Market Revenue, by Application (2017-2030)
26.5. Market Revenue, by Technology (2017-2030)

Chapter 27. Mexico Market

27.1. Overview
27.2. Market Revenue, by Type (2017-2030)
27.3. Market Revenue, by Locomotive Type (2017-2030)
27.4. Market Revenue, by Application (2017-2030)
27.5. Market Revenue, by Technology (2017-2030)

Chapter 28. Saudi Arabia Market

28.1. Overview
28.2. Market Revenue, by Type (2017-2030)
28.3. Market Revenue, by Locomotive Type (2017-2030)
28.4. Market Revenue, by Application (2017-2030)
28.5. Market Revenue, by Technology (2017-2030)

Chapter 29. South Africa Market

29.1. Overview
29.2. Market Revenue, by Type (2017-2030)
29.3. Market Revenue, by Locomotive Type (2017-2030)
29.4. Market Revenue, by Application (2017-2030)
29.5. Market Revenue, by Technology (2017-2030)

Chapter 30. U.A.E. Market

30.1. Overview
30.2. Market Revenue, by Type (2017-2030)
30.3. Market Revenue, by Locomotive Type (2017-2030)
30.4. Market Revenue, by Application (2017-2030)
30.5. Market Revenue, by Technology (2017-2030)

Chapter 31. Company Profiles

31.1. AEG Power Solutions
- 31.1.1. Business overview
- 31.1.2. Product and service offerings
- 31.1.3. Key financial summary
31.2. Amara Raja Batteries
- 31.2.1. Business overview
- 31.2.2. Product and service offerings
- 31.2.3. Key financial summary
31.3. DMS Technologies
- 31.3.1. Business overview
- 31.3.2. Product and service offerings
- 31.3.3. Key financial summary
31.4. East Penn Manufacturing Company
- 31.4.1. Business overview
- 31.4.2. Product and service offerings
- 31.4.3. Key financial summary
31.5. ENERSYS
- 31.5.1. Business overview
- 31.5.2. Product and service offerings
- 31.5.3. Key financial summary
31.6. EXIDE INDUSTRIES LTD.
- 31.6.1. Business overview
- 31.6.2. Product and service offerings
- 31.6.3. Key financial summary
31.7. Hunan Fengri Power Electric Co. Ltd.
- 31.7.1. Business overview
- 31.7.2. Product and service offerings
- 31.7.3. Key financial summary
31.8. FIRST NATIONAL BATTERY
- 31.8.1. Business overview
- 31.8.2. Product and service offerings
- 31.8.3. Key financial summary
31.9. FURUKAWA ELECTRIC CO. LTD.
- 31.9.1. Business overview
- 31.9.2. Product and service offerings
- 31.9.3. Key financial summary
31.10. GS Yuasa International Ltd.
- 31.10.1. Business overview
- 31.10.2. Product and service offerings
- 31.10.3. Key financial summary
31.11. Hitachi Rail Limited
- 31.11.1. Business overview
- 31.11.2. Product and service offerings
- 31.11.3. Key financial summary
31.12. HOPPECKE Batterien GmbH & Co. KG
- 31.12.1. Business overview
- 31.12.2. Product and service offerings
- 31.12.3. Key financial summary
31.13. Microtex Energy Private Limited
- 31.13.1. Business overview
- 31.13.2. Product and service offerings
- 31.13.3. Key financial summary
31.14. National Railway Supply Inc.
- 31.14.1. Business overview
- 31.14.2. Product and service offerings
- 31.14.3. Key financial summary
31.15. Power & Industrial Battery Systems GmbH
- 31.15.1. Business overview
- 31.15.2. Product and service offerings
- 31.15.3. Key financial summary
31.16. Saft
- 31.16.1. Business overview
- 31.16.2. Product and service offerings
- 31.16.3. Key financial summary
31.17. SEC Group
- 31.17.1. Business overview
- 31.17.2. Product and service offerings
- 31.17.3. Key financial summary
31.18. Shuangdeng Group Co. Ltd.
- 31.18.1. Business overview
- 31.18.2. Product and service offerings
- 31.18.3. Key financial summary
31.19. Shield Batteries Limited
- 31.19.1. Business overview
- 31.19.2. Product and service offerings
- 31.19.3. Key financial summary
31.20. Toshiba Infrastructure Systems & Solutions Corporation
- 31.20.1. Business overview
- 31.20.2. Product and service offerings
- 31.20.3. Key financial summary

Chapter 32. Appendix

32.1. Abbreviations
32.2. Sources and References
32.3. Related Reports