Train Battery Market

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 Sep, 2020, by marketsandmarkets.com

[184 Pages Report] The global train battery market size is projected to reach USD 255 million by 2030, from an estimated value of USD 143 million in 2020, at a CAGR of 5.9%. The growth is influenced by factors such as rapid urbanization in emerging countries and advanced economies is considered to be one of the largest drivers of infrastructure spending over the next few decades, which is expected to bolster the demand of rail expansion. The incorporation of these developments in urban rail infrastructure is expected to lead to the demand for energy storage systems and hence is expected to propel the demand for train batteries during the forecast period.

Train Battery Market

COVID-19 IMPACT ON MARKET

COVID-19 has severely impacted the rail sector. As per IEA, rail operators lost USD 1.9 billion in revenue in Asia Pacific and USD 2.5 billion in Europe between January and April 2020. Also, social distancing has reduced maximum rail car occupancy and increased sanitation requirements, raising operational costs and reducing profitability. During the lockdown in India, Indian railways, stopped all passenger train services and reduced freight train services to 60% capacity (also due to reduced demand for bulk goods such as iron and coal). Therefore, owing to the stoppage of railway services in most regions, the demand for batteries is expected to witness a downturn.

In Europe, freight rail acted as a key mode of transportation for commodities such as food, coal, and health related materials including medicines, personal protective equipment (PPE) to various areas during the lockdown. Though, the overall traffic was reduced significantly during this period. Therefore, the limited orders for rolling stock across the globe due to the COVID-19 pandemic has affected the demand for train batteries. Nevertheless, due to irregularities in charging cycles and battery maintenance or replacement, the demand for new batteries is expected to increase post the lifting of lockdowns

Market Dynamics

DRIVER: Expansion of railway networks

In the transportation sector, the railway sector is one of the efficient modes with the lowest pollution. Some of the development trends impacting the future of the railway industry across the globe. For instance, China plans to invest USD 125 billion (highest investment in railway expansion network in the world) in railways and deliver a 30,000 km high-speed network covering 80% major cities by 2020, however, this may be delayed due to the COVID-19 pandemic. Furthermore, in 2019, the US released a proposal for investing USD 240 billion in a nationwide high-speed rail network. The proposal adds annual spending of USD 32 billion on high-speed rail through 2024 for the development of electrified trains. These are expected to include AC coaches, automatic doors, train lighting, infotainment, Wi-Fi services, etc. The incorporation of these developments in urban rail infrastructure is expected to lead to the demand for energy storage systems and hence is expected to propel the demand for train batteries during the forecast period

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

The high infrastructure cost and government budget constraints have hampered the adoption of high-speed train networks in various emerging economies such as Mexico, Indonesia, etc. In 2015, Mexico canceled the 130-mile high-speed train project worth USD 3.7 billion owing to budget constraints. Indonesia also suspended a high-speed 150 km long train project line earlier. External factors such as land acquisition, air and noise pollution, and global warming are expected to further hinder the growth of the high-speed train market. Emerging countries such as India, Turkey, and others plan to modify the existing tracks, but are unable to invest in laying of new tracks and infrastructure due to budget constraints. Hence, due to the high investment costs, the high-speed rail network is witnessing sluggish growth. Therefore, the demand for train batteries is expected to be affected owing to the slow growth in the expansion of rail networks.

OPPORTUNITY: Aggressive plans for train electrification coupled with privatization

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

CHALLENGE: Adoption of hybrid trains and hydrogen fuel cell trains

Hydrogen fuel cells trains are as yet in the development stage and face challenges in terms of rail design, powertrain, and battery sizes. Hybrid trains require significantly larger batteries compared to other conventional batteries used in electric and diesel locomotives. The hybrid train has either an electric or diesel engine with a larger battery pack for traction which is different to that used in non-hybrid locomotives. These batteries require larger space and are significantly powerful. Thus, the larger shape and size of the battery is expected to be a major challenge for battery manufacturers in terms of manufacturing and operating costs. Therefore, increasing trend towards the use of hybrid locomotive and hydrogen fuel cells, battery manufacturers are expected to face challenges in terms of battery design, cost-effectiveness, and weight of these batteries. These factors are expected to offer challenges for train battery manufacturers.

Train Battery Market- Supply Chain Analysis

Sinter/PNE nickel cadmium battery estimated to be the largest market during the forecast period

The sinter/PNE nickel cadmium battery has a lower terminal voltage and lower ampere-hour capacity. It provides nearly constant terminal voltage during discharge. Also, sinter nickel cadmium batteries are more stable at higher temperatures than lead acid batteries. Therefore, the sintered plate battery performs better than other batteries at variable load and temperatures and requires lower maintenance than other batteries and is highly reliable. These batteries are used in DMUs and diesel locomotives to start engines and for the auxiliary functions of the trains because they have 50% higher energy density than pocket plate nickel cadmium batteries. The sinter/PNE nickel cadmium battery is projected to dominate the market in the Asia Pacific owing to its high energy density which makes it ideal for starting engines.

Auxiliary Battery segment is projected to be the largest market during the forecast period

The auxiliary battery systems provide backup to all essential train systems such as emergency lighting and ventilation systems to provide safety to the train in the absence of output failure, and train separation incidents. Additionally, increase in the demand for high-speed trains is leading to the high demand for advanced features such as emergency braking, tilting systems, etc. It also provides traction for hybrid tram systems or hybrid DMUs/ EMUs. In case of fully operated trains, lithium ion batteries are expected to drive the battery train market owing to the small space required for installation, light weight, and performance. Therefore, regions such as the Asia Pacific and Europe are expected to drive the market for auxiliary function batteries owing to the expansion of the high-speed rail network in these regions.

Fully battery operated trains segment to hold the largest market share during the forecast period

In fully battery operated trains, the diesel generator is replaced with rechargeable batteries and utilizes batteries for traction power on non-electrified lines. These trains powered by storage batteries charge their large capacity on-board storage batteries while on electrified sections of railway lines and use storage battery power only to drive the train and supply power to auxiliary systems. For instance, Alstom announced its first contract for battery-electric regional trains in Germany for the Leipzig-Chemnitz route which requires trains to cover 80 km of non-electrified track. The company is expected to deliver 11 Coradia Continental BEMU trains from 2023. This offers opportunities for battery manufacturers in the region. Additionally, with the rapid growth in the market for storage batteries for railways in recent years, the performance of storage batteries in terms of capacity and output continues to improve.

Asia pacific is projected to be the largest market by 2030

Asia Pacific is estimated to be the largest and fastest growing market due to growth in key countries such as China, Japan, India, and South Korea. The region is the leading producer of rolling stock across the globe and is expected to retain this position during the forecast period as it has the largest rail network, rapid urban developments, and government initiatives towards the development of energy-efficient transportation. Additionally, Asian countries such as China is planning to extend the network to 45,000 km by 2030. High-speed trains, suburban trains, and urban transit trains are majorly run in China, which is expected to make the country the leading market for railway batteries. Furthermore, several developments are being undertaken in Indian railways, and fixed a target for the electrification of 7,000 RKM for the year 2020-21. Moreover, the Indian railways target at 100% electrification of routes by 2024. This offers significant opportunities for train battery manufacturers in the coming future.

COVID-19 has severely Impacted the rail sector. As per IEA, rail operators lost USD 1.9 billion in revenue in Asia Pacific and USD 2.5 billion in Europe between January and April 2020. Also, social distancing has reduced maximum rail car occupancy and increased sanitation requirements, raising operational costs and reducing profitability. During the lockdown in India, Indian railways, stopped all passenger train services and reduced freight train services to 60% capacity (also due to reduced demand for bulk goods such as iron and coal). Therefore, owing to the stoppage of railway services in most regions, the demand for batteries is expected to witness a downturn.

Train Battery Market by Region

Key Market Players & Start-ups

The train battery market is led by globally established players such as EnerSys (US), Exide Industries (India), Saft (France), Amara Raja Batteries (India), and GS Yuasa Corporation (Japan). These companies have developed new products; adopted expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the growing train battery market.

Scope of the Report

Report Metric

Details

Market size available for years

2020–2030

Base year considered

2019

Forecast period

2020–2030

Forecast units

Value (‘000 USD)

Segments covered

By Battery Type, By Battery Technology, By Rolling Stock, By Application, By Advance Train, and Region

Geographies covered

Asia Pacific, Europe, North America and Rest of the World

Companies covered

EnerSys (US), Exide Industries (India), Saft (France), Amara Raja Batteries (India), and GS Yuasa Corporation (Japan) (Total of 22 companies)

The study categorizes the train battery market based on service type, solution type, transportation type, vehicle type, application type, operating system, and business model at regional and global level.

By Battery Type

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

By Technology

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

By Rolling Stock

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

By Application

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

By Advance Train

  • Autonomous Trains
  • Hybrid Locomotives
  • Fully Battery Operated Trains

By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

    Recent Developments

    • In February 2020, GS Yuasa Corporation announced the launch of its LIM50EL series of industrial Lithium-Ion battery modules. The battery modules in the LIM50EL series are compatible with those in the existing LIM50EN series, but have significantly longer life spans due to progress with the optimization of materials. With regard to life performance, compared with existing products, GS Yuasa succeeded in reducing capacity degradation by approximately 50% during cycle use*1 and more than 50% during float use*2 for backup power applications, etc. This makes it possible to use the new battery modules for long periods of time even for applications with frequent charge/discharge cycles or in relatively high temperature environments.
    • In June 2019, EnerSys announced plans to expand its Thin Plate Pure Lead (TPPL) capacity over the next three years with over USD 100 million in additional capital spending along with an expected 15% increase from continued focus on lean principles. The company also plans to continue its commercialization efforts for the GreenSeal Bi-Polar battery technology licensed from Advanced Battery Concepts, LLC (ABC).
    • In July 2019, Saft delivered 7,000 series passenger railcars to CRRC Sifang, America’s new railcar manufacturing facility in Chicago for the Chicago Transit Authority (CTA). Part of the company’s largest North American contracts to date, the batteries are expected to provide backup power to vital systems on-board the next-generation railcars for the CTA. The contract was entered into in April 2018 following a competitive bid process. Saft has developed a custom battery system design and has demonstrated its ability to meet CRRC’s specifications and the Buy America requirements, ensuring a minimum of 60% of all components of the new railcars are built with supplies from the US. The contract is expected to include an initial order of battery box assemblies for 400 trains with options for an additional 446 assemblies.
    • In April 2019, Saft won a large order from MRS Logistica, a major player in Brazil’s logistics sector, to supply specialized SRX on-board battery systems. The company provided dependable engine starting for a diesel-electric locomotive fleet that operates freight hauling services. The low-maintenance nickel-technology battery systems are fitted to 58 C36 locomotives manufactured by GE Transportation for MRS Logistica. The 64 V battery systems are based on Saft’s SRX190 FR-PP or SRX1900P cells and provide a capacity of 190 Ah for five hours.
    • In April 2018, EnerSys announced the opening of the EnerSys Global Technology Center in Reading, PA, which is expected to serve as the new hub for the company’s core engineering and technology team. The EnerSys Global Technology Center is expected to be located at the current Arrow International, Inc. (a subsidiary of Teleflex Incorporated) facility in Bern Township, PA, which is adjacent to the EnerSys global headquarters. The establishment of the Global Technology Center consolidates into one location existing engineers who have been developing EnerSys’ new modular lithium product systems, including advanced lithium battery packs, electronics, software, and chargers for motive and reserve power applications.

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    TABLE OF CONTENTS

    1 INTRODUCTION (Page No. - 22)
        1.1 STUDY OBJECTIVES
        1.2 MARKET DEFINITION
               1.2.1 INCLUSIONS & EXCLUSIONS
        1.3 SUMMARY OF CHANGES
        1.4 MARKET SCOPE
               FIGURE 1 TRAIN BATTERY MARKET: MARKET SEGMENTATION
        1.5 LIMITATIONS
        1.6 STAKEHOLDERS

    2 RESEARCH METHODOLOGY (Page No. - 26)
        2.1 RESEARCH DATA
               FIGURE 2 TRAIN BATTERY MARKET: RESEARCH DESIGN
               FIGURE 3 RESEARCH DESIGN MODEL
        2.2 SECONDARY DATA
               2.2.1 KEY SECONDARY SOURCES FOR BASE NUMBERS (LOCOMOTIVE & ROLLING STOCK)
               2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING
               2.2.3 KEY DATA FROM SECONDARY SOURCES
        2.3 PRIMARY DATA
               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
               2.3.1 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS
               2.3.2 PRIMARY PARTICIPANTS
        2.4 MARKET SIZE ESTIMATION
               2.4.1 BOTTOM UP APPROACH
                        FIGURE 5 BOTTOM UP APPROACH – BY ROLLING STOCK TYPE AND BATTERY TYPE
               2.4.2 TOP DOWN APPROACH
                        FIGURE 6 TOP DOWN APPROACH: BATTERY TECHNOLOGY AND APPLICATION
        2.5 MARKET BREAKDOWN
               FIGURE 7 DATA TRIANGULATION
        2.6 ASSUMPTIONS
        2.7 RISK ASSESSMENT AND RANGES
               TABLE 1 RISK ASSESSMENT AND RANGES

    3 EXECUTIVE SUMMARY (Page No. - 36)
        3.1 PRE- VS POST-COVID-19 SCENARIO
               FIGURE 8 PRE- VS POST-COVID-19 SCENARIO: TRAIN BATTERY MARKET, 2018–2030 (‘000 USD)
               TABLE 2 TRAIN BATTERY MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2018–2030 (‘000 USD)
        3.2 REPORT SUMMARY
               FIGURE 9 TRAIN BATTERY MARKET OUTLOOK
               FIGURE 10 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2020 VS. 2030 (‘000 USD)

    4 PREMIUM INSIGHTS (Page No. - 40)
        4.1 ATTRACTIVE OPPORTUNITIES IN THE TRAIN BATTERY MARKET
               FIGURE 11 RISING DEMAND FOR EMUS, AND HIGH ENERGY DENSITY BATTERIES EXPECTED TO DRIVE THE MARKET
        4.2 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY
               FIGURE 12 SINTER/PNE NICKEL-CADMIUM BATTERY ESTIMATED TO LEAD THE MARKET IN 2020
        4.3 TRAIN BATTERY MARKET, BY BATTERY TYPE
               FIGURE 13 NICKEL CADMIUM BATTERY PROJECTED TO LEAD THE MARKET BY 2030
        4.4 TRAIN BATTERY MARKET, BY ROLLING STOCK
               FIGURE 14 ELECTRIC LOCOMOTIVES SEGMENT TO GROW AT THE HIGHEST CAGR
        4.5 TRAIN BATTERY MARKET, BY APPLICATION
               FIGURE 15 AUXILIARY BATTERY SEGMENT PROJECTED TO LEAD DURING THE FORECAST PERIOD
        4.6 TRAIN BATTERY MARKET, BY ADVANCE TRAIN
               FIGURE 16 FULLY BATTERY OPERATED TRAINS SEGMENT PROJECTED TO LEAD DURING THE FORECAST PERIOD
        4.7 TRAIN BATTERY MARKET, BY REGION
               FIGURE 17 ASIA PACIFIC PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD

    5 MARKET OVERVIEW (Page No. - 44)
        5.1 INTRODUCTION
        5.2 YEARS CONSIDERED
        5.3 MARKET DYNAMICS
               FIGURE 18 MARKET DYNAMICS: TRAIN BATTERY MARKET
               5.3.1 DRIVERS
                        5.3.1.1 Emission regulations to increase the demand for energy-efficient transportation systems
                                   FIGURE 19 ROLLING STOCK EMISSION REGULATIONS OUTLOOK, 2014–2030
                        5.3.1.2 Expansion of railway networks
                                   TABLE 3 UPCOMING KEY RAIL PROJECTS, BY COUNTRY
               5.3.2 RESTRAINTS
                        5.3.2.1 High capital investment and operating cost of high-speed rail network
               5.3.3 OPPORTUNITIES
                        5.3.3.1 Aggressive plans for train electrification coupled with increasing privatization
               5.3.4 CHALLENGES
                        5.3.4.1 Adoption of hybrid trains and hydrogen fuel cell trains
                        5.3.4.2 Increase in battery capacity and installation requirements
        5.4 IMPACT OF COVID-19 ON ROLLING STOCK
               5.4.1 COVID-19 HEALTH ASSESSMENT
                        FIGURE 20 COVID-19 PROPAGATION: SELECT COUNTRIES
        5.5 TRAIN BATTERY MARKET SCENARIO
               FIGURE 21 TRAIN BATTERY MARKET SCENARIO, 2018–2030 (‘000 USD)
               5.5.1 MOST LIKELY/REALISTIC SCENARIO
                        TABLE 4 REALISTIC SCENARIO - TRAIN BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
               5.5.2 HIGH COVID-19 IMPACT SCENARIO
                        TABLE 5 HIGH COVID-19 IMPACT SCENARIO - TRAIN BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
               5.5.3 LOW COVID-19 IMPACT SCENARIO
                        TABLE 6 LOW COVID-19 IMPACT SCENARIO - TRAIN BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        5.6 REVENUE SHIFT DRIVING MARKET GROWTH
        5.7 PRICING ANALYSIS
               TABLE 7 AVERAGE PRICES OF RAIL BATTERY TYPES, 2019
        5.8 TECHNOLOGICAL ANALYSIS
               5.8.1 OVERVIEW
                        5.8.1.1 MITRAC Pulse Traction Battery
                        5.8.1.2 MRX Nickel Technology Battery
                        5.8.1.3 AKASystem – lithium ion battery
                        5.8.1.4 Novel Battery Technology
                        5.8.1.5 ABB - High-power On-board Energy Storage System
        5.9 ECOSYSTEM
               FIGURE 22 ECOSYSTEM: TRAIN BATTERY MARKET
        5.10 SUPPLY CHAIN
               FIGURE 23 SUPPLY CHAIN ANALYSIS: TRAIN BATTERY MARKET

    6 TRAIN BATTERY MARKET, BY BATTERY TYPE (Page No. - 58)
        6.1 INTRODUCTION
               6.1.1 RESEARCH METHODOLOGY
               6.1.2 ASSUMPTIONS/LIMITATIONS
               6.1.3 INDUSTRY INSIGHTS
                        FIGURE 24 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2020 VS. 2030 (‘000 USD)
                        TABLE 8 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                        TABLE 9 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
        6.2 LEAD ACID BATTERY
               6.2.1 LOW COST AND HIGH RELIABILITY TO DRIVE DEMAND
                        TABLE 10 LEAD ACID BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 11 LEAD ACID BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        6.3 NICKEL CADMIUM BATTERY
               6.3.1 HIGH ENERGY DENSITY AND TEMPERATURE RESISTIVITY TO DRIVE DEMAND
                        TABLE 12 NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 13 NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        6.4 LITHIUM ION BATTERY
               6.4.1 HIGH ENERGY DENSITY AND ZERO MAINTENANCE TO DRIVE DEMAND
                        TABLE 14 LITHIUM ION BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 15 LITHIUM ION BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)

    7 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY (Page No. - 65)
        7.1 INTRODUCTION
               7.1.1 RESEARCH METHODOLOGY
               7.1.2 ASSUMPTIONS/LIMITATIONS
               7.1.3 INDUSTRY INSIGHTS
                        FIGURE 25 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY, 2020 VS. 2030 (UNITS)
                        TABLE 16 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY, 2018–2030 (UNITS)
        7.2 CONVENTIONAL LEAD ACID BATTERY
               7.2.1 HIGH CURRENT CAPABILITY OF CONVENTIONAL LEAD ACID BATTERY
                        TABLE 17 CONVENTIONAL LEAD ACID BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
        7.3 VALVE REGULATED LEAD ACID (VRLA) BATTERY
               7.3.1 RELIABILITY AND MAINTENANCE ARE EXPECTED TO DRIVE DEMAND
                        TABLE 18 VRLA BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
        7.4 GEL TUBULAR LEAD ACID BATTERY
               7.4.1 HIGH CURRENT APPLICATIONS EXPECTED TO INCREASE DEMAND
                        TABLE 19 GEL TUBULAR LEAD ACID BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
        7.5 SINTER/PNE NICKEL CADMIUM BATTERY
               7.5.1 RELIABILITY AND HIGH POWER APPLICATIONS EXPECTED TO DRIVE DEMAND
                        TABLE 20 SINTER/PNE NI-CD BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
        7.6 POCKET PLATE NICKEL CADMIUM BATTERY
               7.6.1 LOW MAINTENANCE AND EFFICIENCY EXPECTED TO DRIVE DEMAND
                        TABLE 21 POCKET PLATE NI-CD TRAIN BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
        7.7 FIBER/PNE NICKEL CADMIUM BATTERY
               7.7.1 HIGH TEMPERATURE RESISTIVITY AND LOW WEIGHT EXPECTED TO DRIVE DEMAND
                        TABLE 22 FIBER/PNE NI-CD TRAIN BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
        7.8 LITHIUM ION BATTERY
               7.8.1 LOW SELF-DISCHARGE AND HIGH ENERGY DENSITY TO DRIVE DEMAND
                        TABLE 23 LITHIUM ION TRAIN BATTERY MARKET, BY REGION, 2018–2030 (UNITS)

    8 TRAIN BATTERY MARKET, BY ROLLING STOCK (Page No. - 73)
        8.1 INTRODUCTION
               8.1.1 RESEARCH METHODOLOGY
               8.1.2 ASSUMPTIONS/LIMITATIONS
               8.1.3 INDUSTRY INSIGHTS
                        FIGURE 26 TRAIN BATTERY MARKET, BY ROLLING STOCK, 2020 VS. 2030 (‘000 USD)
                        TABLE 24 TRAIN BATTERY MARKET, BY ROLLING STOCK, 2018–2030 (UNITS)
                        TABLE 25 TRAIN BATTERY MARKET, BY ROLLING STOCK, 2018–2030 (000’ USD)
        8.2 DIESEL LOCOMOTIVES
               8.2.1 FREIGHT TRAINS ARE EXPECTED TO DRIVE DEMAND
                        TABLE 26 DIESEL LOCOMOTIVES BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 27 DIESEL LOCOMOTIVES BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        8.3 DIESEL MULTIPLE UNITS (DMUS)
               8.3.1 URBAN RAIL NETWORK TO DRIVE THE DEMAND
                        TABLE 28 DMUS BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 29 DMUS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        8.4 ELECTRIC LOCOMOTIVES
               8.4.1 LOW MAINTENANCE COST AND HIGHER EFFICIENCY TO DRIVE DEMAND
                        TABLE 30 ELECTRIC LOCOMOTIVES BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 31 ELECTRIC LOCOMOTIVES BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        8.5 ELECTRIC MULTIPLE UNITS (EMUS)
               8.5.1 LONG DISTANCE TRAVELLING EXPECTED TO DRIVE DEMAND
                        TABLE 32 EMUS BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 33 EMUS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        8.6 METROS
               8.6.1 EXPANSION OF URBAN RAIL EXPECTED TO DRIVE DEMAND
                        TABLE 34 METROS BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 35 METROS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        8.7 HIGH-SPEED TRAINS
               8.7.1 INCREASE IN INFRASTRUCTURE AND FASTER MODE OF TRANSPORTATION EXPECTED TO DRIVE DEMAND
                        TABLE 36 HIGH-SPEED TRAINS BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 37 HIGH SPEED TRAINS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        8.8 LIGHT RAILS/TRAMS/MONORAILS
               8.8.1 RAPID URBANIZATION TO DRIVE THE DEMAND
                        TABLE 38 LIGHT RAILS/TRAMS/MONORAILS BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 39 LIGHT RAILS/TRAMS/MONORAILS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        8.9 PASSENGER COACHES
               8.9.1 INCREASE IN RAIL EXPANSION EXPECTED TO DRIVE DEMAND
                        TABLE 40 PASSENGER COACHES BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 41 PASSENGER COACHES BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)

    9 TRAIN BATTERY MARKET, BY APPLICATION (Page No. - 85)
        9.1 INTRODUCTION
               9.1.1 RESEARCH METHODOLOGY
               9.1.2 ASSUMPTIONS/LIMITATIONS
               9.1.3 INDUSTRY INSIGHTS
                        FIGURE 27 TRAIN BATTERY MARKET, BY APPLICATION, 2020 VS. 2030 (‘000 USD)
                        TABLE 42 TRAIN BATTERY MARKET, BY APPLICATION, 2018–2030 (UNITS)
                        TABLE 43 TRAIN BATTERY MARKET, BY APPLICATION, 2018–2030 (‘000 USD)
        9.2 STARTER BATTERY
               9.2.1 DIESEL & HYBRID LOCOMOTIVES ARE EXPECTED TO DRIVE DEMAND
                        TABLE 44 STARTER BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 45 STARTER BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
        9.3 AUXILIARY FUNCTION BATTERY (HVAC, DOORS, INFOTAINMENT)
               9.3.1 METRO & HIGH-SPEED TRAINS TO DRIVE DEMAND FOR AUXILIARY FUNCTION BATTERIES
                        TABLE 46 AUXILIARY FUNCTION BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                        TABLE 47 AUXILIARY FUNCTION BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)

    10 ADVANCE TRAIN BATTERY MARKET, BY TRAIN TYPE (Page No. - 90)
         10.1 INTRODUCTION
                 10.1.1 RESEARCH METHODOLOGY
                 10.1.2 ASSUMPTIONS/LIMITATIONS
                 10.1.3 INDUSTRY INSIGHTS
                           FIGURE 28 ADVANCE TRAIN BATTERY MARKET, BY TRAIN TYPE, 2020 VS. 2030 (‘000 USD)
                           TABLE 48 ADVANCE TRAIN BATTERY MARKET, BY TRAIN TYPE, 2025–2030 (UNITS)
                           TABLE 49 ADVANCE TRAIN BATTERY MARKET, BY TRAIN TYPE, 2025–2030 (‘000 USD)
         10.2 AUTONOMOUS TRAINS
                 10.2.1 TECHNOLOGICAL ADVANCEMENTS TO DRIVE DEMAND
                           TABLE 50 AUTONOMOUS TRAINS BATTERY MARKET, BY REGION, 2025–2030 (UNITS)
                           TABLE 51 AUTONOMOUS TRAINS BATTERY MARKET, BY REGION, 2025–2030 (‘000 USD)
         10.3 HYBRID LOCOMOTIVES
                 10.3.1 HYDROGEN FUEL CELL TRAINS AND REGULATIONS TO DRIVE DEMAND
                           TABLE 52 HYBRID LOCOMOTIVES BATTERY MARKET, BY REGION, 2025–2030 (UNITS)
                           TABLE 53 HYBRID LOCOMOTIVES BATTERY MARKET, BY REGION, 2025–2030 (‘000 USD)
         10.4 FULLY BATTERY OPERATED TRAINS
                 10.4.1 CATENARY FREE LINES TO DRIVE THE DEMAND
                           TABLE 54 FULLY BATTERY OPERATED TRAINS BATTERY MARKET, BY REGION, 2025–2030 (UNITS)
                           TABLE 55 FULLY BATTERY OPERATED TRAINS BATTERY MARKET, BY REGION, 2025–2030 (‘000 USD)

    11 TRAIN BATTERY MARKET, BY REGION (Page No. - 97)
         11.1 INTRODUCTION
                   FIGURE 29 TRAIN BATTERY MARKET: ASIA PACIFIC PROJECTED TO GROW AT THE HIGHEST CAGR (2020–2030)
                 11.1.1 RESEARCH METHODOLOGY
                 11.1.2 ASSUMPTIONS
                           FIGURE 30 INDUSTRY INSIGHTS
                           FIGURE 31 TRAIN BATTERY MARKET, BY REGION, 2020 VS. 2030 (‘000 USD)
                           TABLE 56 TRAIN BATTERY MARKET, BY REGION, 2018–2030 (UNITS)
                           TABLE 57 TRAIN BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD)
         11.2 ASIA PACIFIC
                   FIGURE 32 ASIA PACIFIC TRAIN BATTERY MARKET SNAPSHOT
                   TABLE 58 ASIA PACIFIC TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (UNITS)
                   TABLE 59 ASIA PACIFIC TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (‘000 USD)
                 11.2.1 CHINA
                           11.2.1.1 High-speed trains are expected to drive the market
                                       TABLE 60 CHINA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 61 CHINA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.2.2 INDIA
                           11.2.2.1 Expansion and electrification of rail networks expected to drive demand
                                       TABLE 62 INDIA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 UNITS)
                                       TABLE 63 INDIA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.2.3 JAPAN
                           11.2.3.1 High-speed EMUs are projected to drive demand
                                       TABLE 64 JAPAN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 65 JAPAN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.2.4 SOUTH KOREA
                           11.2.4.1 Strong urban rail network to drive demand
                                       TABLE 66 SOUTH KOREA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 67 SOUTH KOREA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
         11.3 EUROPE
                   FIGURE 33 EUROPE TRAIN BATTERY MARKET SNAPSHOT
                   TABLE 68 EUROPE TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (UNITS)
                   TABLE 69 EUROPE TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (‘000 USD)
                 11.3.1 FRANCE
                           11.3.1.1 Rapid developments in high-speed rail expected to boost demand
                                       TABLE 70 FRANCE TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 71 FRANCE TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.3.2 GERMANY
                           11.3.2.1 Short distance rail transportation to drive demand
                                       TABLE 72 GERMANY TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 73 GERMANY TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.3.3 ITALY
                           11.3.3.1 Increase in demand for batteries for EMUs to drive market
                                       TABLE 74 ITALY TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018– 2030 (UNITS)
                                       TABLE 75 ITALY TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.3.4 SPAIN
                           11.3.4.1 High-speed trains to drive future demand
                                       TABLE 76 SPAIN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 77 SPAIN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.3.5 UK
                           11.3.5.1 Urban rail developments to drive future demand
                                       TABLE 78 UK TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 79 UK TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.3.6 SWITZERLAND
                           11.3.6.1 Passenger trains to drive demand for batteries
                                       TABLE 80 SWITZERLAND TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 81 SWITZERLAND TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.3.7 POLAND
                           11.3.7.1 Intercity trains to drive demand for train batteries
                                       TABLE 82 POLAND TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 83 POLAND TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.3.8 SWEDEN
                           11.3.8.1 Rising demand for EMUs and passenger trains to drive market
                                       TABLE 84 SWEDEN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 85 SWEDEN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
         11.4 NORTH AMERICA
                   FIGURE 34 NORTH AMERICA TRAIN BATTERY MARKET, BY COUNTRY, 2020 VS 2030 (‘000 USD)
                   TABLE 86 NORTH AMERICA TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (UNITS)
                   TABLE 87 NORTH AMERICA TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (‘000 USD)
                 11.4.1 US
                           11.4.1.1 Demand for diesel locomotives to drive market
                                       TABLE 88 US TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 89 US TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.4.2 CANADA
                           11.4.2.1 Commuter trains such as metros and passenger rails are projected to drive demand for train

    batteries
                                       TABLE 90 CANADA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 91 CANADA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.4.3 MEXICO
                           11.4.3.1 Catenary free rail track expected to drive market
                                       TABLE 92 MEXICO TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 93 MEXICO TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
         11.5 REST OF THE WORLD (ROW)
                   FIGURE 35 ROW: TRAIN BATTERY MARKET, BY COUNTRY, 2020 VS 2030 (‘000 USD)
                   TABLE 94 ROW TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (UNITS)
                   TABLE 95 ROW TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (‘000 USD)
                 11.5.1 RUSSIA
                           11.5.1.1 Demand for low operating temperature batteries to drive market
                                       TABLE 96 RUSSIA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 97 RUSSIA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)
                 11.5.2 BRAZIL
                           11.5.2.1 Demand for high power density batteries to drive market
                                       TABLE 98 BRAZIL TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS)
                                       TABLE 99 BRAZIL TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD)

    12 RECOMMENDATIONS FROM MARKETSANDMARKETS (Page No. - 124)
         12.1 ASIA PACIFIC IS THE POTENTIAL MARKET FOR TRAIN BATTERY MANUFACTURERS TO FOCUS FOR
         12.2 BATTERY TECHNOLOGIES WITH HIGH ENERGY DENSITY OFFERED AT AN ECONOMIC COST IS THE NEED OF THE FUTURE
         12.3 CONCLUSION

    13 COMPETITIVE LANDSCAPE (Page No. - 126)
         13.1 OVERVIEW
         13.2 MARKET EVALUATION FRAMEWORK
                   FIGURE 36 MARKET EVALUATION FRAMEWORK: TRAIN BATTERY MARKET
         13.3 TRAIN BATTERY MARKET: MARKET RANKING ANALYSIS
                   FIGURE 37 TRAIN BATTERY MARKET RANKING ANALYSIS, 2019
                   FIGURE 38 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS/ PARTNERSHIPS/ AGREEMENTS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES AS THE KEY GROWTH STRATEGIES, 2017–2019
         13.4 COMPETITIVE SCENARIO
                 13.4.1 NEW PRODUCT DEVELOPMENTS/LAUNCHES
                           TABLE 100 NEW PRODUCT DEVELOPMENTS/LAUNCHES (2017–2020)
                           13.4.2 EXPANSIONS
                 TABLE 101 EXPANSIONS, (2017-2019)
                 13.4.3 PARTNERSHIPS/CONTRACTS/ACQUISITIONS
                           TABLE 102 PARTNERSHIPS/SUPPLY CONTRACTS/ACQUISITIONS, (2017-2019)
         13.5 RIGHT TO WIN

    14 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 142)
         14.1 MARKET EVALUATION FRAMEWORK
                 14.1.1 TERMINOLOGY
                 14.1.2 STARS
                 14.1.3 EMERGING LEADERS
                 14.1.4 PERVASIVE
                 14.1.5 EMERGING COMPANIES
         14.2 COMPANY EVALUATION MATRIX FOR TRAIN BATTERY MANUFACTURERS
                   FIGURE 39 TRAIN BATTERY MARKET: COMPANY EVALUATION MATRIX (2019)
         14.3 STRENGTH OF PRODUCT PORTFOLIO
                   FIGURE 40 STRENGTH OF PRODUCT PORTFOLIO OF TOP PLAYERS IN TRAIN BATTERY MARKET
         14.4 BUSINESS STRATEGY EXCELLENCE
                   FIGURE 41 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN TRAIN BATTERY MARKET

    15 COMPANY PROFILES (Page No. - 146)
    (Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
         15.1 ENERSYS
                   FIGURE 42 ENERSYS: COMPANY SNAPSHOT
                   TABLE 103 ENERSYS: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS)
                   TABLE 104 ENERSYS: INORGANIC DEVELOPMENTS
         15.2 SAFT
                   FIGURE 43 SAFT: COMPANY SNAPSHOT
                   TABLE 105 SAFT: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
                   TABLE 106 SAFT: INORGANIC DEVELOPMENTS
         15.3 GS YUASA CORPORATION
                   FIGURE 44 GS YUASA CORPORATION: COMPANY SNAPSHOT
                   TABLE 107 GS YUASA CORPORATION: ORGANIC DEVELOPMENTS
                   TABLE 108 GS YUASA CORPORATION: INORGANIC DEVELOPMENTS
         15.4 EXIDE INDUSTRIES LTD.
                   FIGURE 45 EXIDE INDUSTRIES LTD.: COMPANY SNAPSHOT
                   TABLE 109 EXIDE INDUSTRIES LTD.: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS)
                   TABLE 110 EXIDE INDUSTRIES LTD.: INORGANIC DEVELOPMENTS
         15.5 AMARA RAJA BATTERIES LTD.
                   FIGURE 46 AMARA RAJA BATTERIES LTD.: COMPANY SNAPSHOT
                   TABLE 111 AMARA RAJA BATTERIES LTD.: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
         15.6 HOPPECKE BATTERIEN GMBH & CO. KG
                   TABLE 112 HOPPECKE BATTERIEN GMBH & CO. KG: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS)
                   TABLE 113 HOPPECKE BATTERIEN GMBH & CO. KG: INORGANIC DEVELOPMENTS
         15.7 SEC BATTERY
         15.8 FIRST NATIONAL BATTERY
         15.9 POWER & INDUSTRIAL BATTERY SYSTEMS GMBH
    *Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
         15.10 ADDITIONAL COMPANIES
                   15.10.1 HITACHI
                              15.10.1.1 Business overview
                   15.10.2 EAST PENN MANUFACTURING COMPANY
                              15.10.2.1 Business overview
                              15.10.2.2 Products offered
                   15.10.3 AEG POWER SOLUTIONS
                              15.10.3.1 Business overview
                              15.10.3.2 Products offered
                   15.10.4 SYSTEMS SUNLIGHT
                              15.10.4.1 Business overview
                              15.10.4.2 Products offered
                   15.10.5 THE FURUKAWA BATTERY CO., LTD.
                              15.10.5.1 Business overview
                              15.10.5.2 Products offered
                   15.10.6 HUNAN FENGRI POWER & ELECTRIC CO. LTD.
                              15.10.6.1 Business overview
                              15.10.6.2 Products offered
                   15.10.7 CHINA SHOTO
                              15.10.7.1 Business overview
                              15.10.7.2 Products offered
                   15.10.8 COSLIGHT INDIA
                              15.10.8.1 Business overview
                              15.10.8.2 Products offered
                   15.10.9 SHIELD BATTERIES LIMITED
                              15.10.9.1 Business overview
                              15.10.9.2 Products offered
                   15.10.10 AKASOL AG
                              15.10.10.1 Business overview
                              15.10.10.2 Products offered
                   15.10.11 DMS TECHNOLOGIES
                               15.10.11.1 Business overview
                               15.10.11.2 Products offered
                   15.10.12 NATIONAL RAILWAY SUPPLY
                               15.10.12.1 Business overview
                               15.10.12.2 Products offered
                   15.10.13 LECLANCHE
                               15.10.13.1 Business overview
                               15.10.13.2 Products offered

    16 APPENDIX (Page No. - 176)
         16.1 CURRENCY & PRICING
                 TABLE 114 CURRENCY EXCHANGE RATES (WRT PER USD)
         16.2 KEY INSIGHTS OF INDUSTRY EXPERTS
         16.3 DISCUSSION GUIDE
         16.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
         16.5 AVAILABLE CUSTOMIZATIONS
                 16.5.1 TRAIN BATTERY MARKET, BY APPLICATION, BY ROLLING STOCK
                           16.5.1.1 Engine Starters
                           16.5.1.2 Auxiliary Functions
                 16.5.2 TRAIN BATTERY MARKET, BY ROLLING STOCK, BY BATTERY TYPE
                           16.5.2.1 Lead Acid
                           16.5.2.2 Nickel-Cadmium
                           16.5.2.3 Lithium-Ion
         16.6 RELATED REPORTS
         16.7 AUTHOR DETAILS

    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 70% and 30% of primary interviews have been conducted from the supply-side and demand-side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In 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 which have been delineated in this report.

    Train Battery Market Size, and Share

    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 validating 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 with 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) were 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.

    Train Battery Market: Bottom-Up Approach

    Train Battery Market Size, and Share

    Data Triangulation

    Train Battery Market Size, and Share

    Report Objectives

    • To define, describe and forecast the market size of the train battery market, in terms of volume (units) and value (USD ‘000)
    • To understand the market dynamics (drivers, restraints, opportunities, and challenges)
    • To segment the market and forecast the market size, by value and volume, based on:
      • Battery type - lead acid battery, nickel cadmium battery, and lithium ion battery
      • Battery technology - conventional lead acid battery, valve regulated lead acid battery, Gel Tubular Lead Acid Battery, sinter/PNE Ni-Cd battery, pocket plate Ni-Cd battery, fiber/PNE Ni-Cd battery, lithium ion battery
      • Rolling stock - diesel locomotives, DMUs, electric locomotives, EMUs, metros, high-speed trains, light trains/trams/monorails, passenger coaches
      • Application - starter battery, auxiliary function battery (HVAC, doors, infotainment)
      • Advance train - autonomous trains, hybrid locomotives, fully battery operated trains
      • Region – Asia Pacific, Europe, North America, and Rest of the World
    • To analyze the market ranking of key manufacturers operating in the market
    • To understand the competition in the market and position the players as stars, leaders, pervasives, and emerging companies according to their product portfolios, strengths, and business strategies
    • To provide an analysis of the recent developments, alliances, joint ventures, and mergers & acquisitions in the market

    Available Customizations

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

    Train Battery Market, BY application, by Rolling Stock

    • Engine Starters
    • Auxiliary Functions

    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

    COVID-19

    Get in-depth analysis of the COVID-19 impact on the Train Battery Market

    Benchmarking the rapid strategy shifts of the Top 100 companies in the Train Battery Market

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    Report Code
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    Published ON
    Sep, 2020
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