HOME Top Market Reports Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, and Li-Ion), Advanced Train (Autonomous, Hybrid, and Battery Operated), Rolling Stock Type, Application, and Region - Global Forecast to 2025

Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, and Li-Ion), Advanced Train (Autonomous, Hybrid, and Battery Operated), Rolling Stock Type, Application, and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: October 2018
Report Code: AT 6676

 

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The train battery market is primarily driven by the increasing population which has led to the demand for rail transport and railway electrification across the globe. The train battery market is projected to grow at a CAGR of 5.15% from 2018 to 2025. From a market size of USD 445.4 million in 2017, it is projected to reach USD 703.2 million by 2025.

Train Battery Market

Years considered for this report:

  • 2017 - Base Year
  • 2018 - Estimated Year
  • 2018–2025 - Forecast Period

Market Dynamics

Drivers

  • Population growth and urbanization to increase the demand for high-speed trains
  • Rise in demand for energy-efficient transport system
  • Increasing demand for comfort and luxury in trains

Restraints

  • High capital investment and operating costs of high-speed rail network
  • Government regularized rail industry in key countries

Opportunities

  • Introduction of high-speed trains in developing countries
  • Development of hybrid rail systems
  • Significant growth of autonomous trains

Challenges

  • Increase in battery capacity & installation requirements

Critical Questions:

  • How would OEM see the train battery technology as a product differentiation?
  • How are the industry players addressing the challenge of Battery Technology?
  • Does addition of luxurious features to the rolling stocks impacts the battery sales?
  • Which are the top strategies adopted by the key manufacturers to increase their revenues?

Objectives of the study

  • To define, describe, and forecast the train battery market with respect to individual growth trends and prospects, and determine the contribution of each segment to the total market
  • To forecast the market size, by volume and value, of the train battery market based on rolling stock type [Diesel Locomotive, Electric Locomotive, Metros, Light Rail/Trams/Monorail, Passenger Coaches, Freight Wagon, DMU (Diesel Multiple Unit), EMU (Electric Multiple Unit), Bullet Train]
  • To forecast the market size, by volume and value, of the train battery market based on battery type (Lead-Acid, Nickel-Cadmium, and Lithium-Ion)
  • To forecast the market size, by volume and value, of the train battery market based on technology (Sinter PNE, Pocket Plate, Fibre PNE, Gel Tubular, VRLA, Conventional Lead-Acid, Lithium-Ion)
  • To forecast the market size, by volume and value, of the train battery market based on application [Starter Batteries and Auxiliary Function Battery (HVAC, Train Lighting, Doors, Infotainment)]
  • To forecast the market size, by volume and value, of the train battery market based on advanced rail systems (Autonomous Trains, Hybrid Locomotive, and Fully Battery-Operated Trains)
  • To forecast the market size, by volume and value, of the train battery market with respect to 4 main regions—Asia Pacific (China, India, Japan, and South Korea), Europe (Germany, France, and the UK), North America (Canada, Mexico, and the US), and RoW (Brazil and Russia)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To analyze the key players in the market based on their product offerings and business strategies
  • To provide an analysis of recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by the key industry participants in the global train battery market.

The market size, by volume, of the train battery market, has been derived by identifying the country-wise usage pattern of the different types of batteries. The identification at the country level is carried out by rolling stock type and battery type to triangulate the market. Various secondary sources such as Marklines, Association of the European Rail Industry (UNIFE), Brazilian Association of the Railroad Suppliers (ABIFER), Japan Association of Rolling Stock Industries (JARI), Indian Railway Institute of Electrical Engineering (IRIEEN), Indian Railway Conference Association (IRCA), Chinese Academy of Railway Sciences (CARS), and China Railway Construction Corporation Limited (CRCC) have been used.

The market numbers are based on country-wise production, which is further added to arrive at the regional market. The regional data is then added to derive the global data. Rolling stock production has been considered to arrive at the market size, in terms of volume. The country-wise market volume is then multiplied with the country-wise average OE price of the battery. This gives the country-wise market size for the train battery, in terms of value. The summation of the country-wise and regional-level market size, in terms of value, provides the global train battery market size.

Train Battery Market

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

The train battery market is dominated by a few globally established players such as EnerSys (US), Saft Batteries (Germany), Exide Industries (India), Hitachi (Japan) and GS Yuasa (Japan). These companies developed new products, adopted expansion strategies, obtained supply contracts; established collaborations & partnerships; and used mergers & acquisitions to gain traction in the train battery market.

Train Battery Market Target Audience

  • Battery source, module, and other component suppliers for train battery systems
  • Dealers and distributors of train battery systems
  • Government regulatory authorities
  • Industry associations
  • Raw material manufacturers of train battery components (suppliers for Tier I)
  • Regional manufacturer associations
  • Train battery technology suppliers

Scope of the Report

Train Battery Market By Battery Type:

  • Lead Acid
  • Nickel Cadmium
  • Lithium Ion

Train Battery Market By Battery Technology:

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

Train Battery Market By Locomotive type:

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

Train Battery Market By Application:

  • Engine Starter
  • Auxiliary Functions

Train Battery Market By Advanced Trains

  • Autonomous Train
  • Hybrid Locomotive
  • Battery Operated Train

Train Battery Market By Region

  • Asia Pacific
  • Europe
  • North America
  • RoW

Available Customizations

Train Battery Market By Country & Application

The market sizing of following vehicle type can be estimated for the following application

  • Engine Starter
  • Auxiliary Functions

 (Note: Countries that are included in the study: China, India, Japan, South Korea, France, Germany, UK, Canada, US, Mexico, Brazil, Russia)

  • Train battery market by country, by locomotive & battery type
  • The market sizing of the following battery type can be estimated
  • Lead Acid
  • Nickel Cadmium
  • Lithium Ion

(Note: Countries that are included in the study: China, India, Japan, South Korea, France, Germany, UK, Canada, US, Mexico, Brazil, Russia)


    Table of Contents


    1 Introduction (Page No. - 14)
        1.1 Objectives Of the Study
        1.2 Market Definition
        1.3 Market Scope
               1.3.1 Years Considered For the Study
        1.4 Currency
        1.5 Package Size
        1.6 Limitations
        1.7 Stakeholders


    2 Research Methodology (Page No. -  19)
        2.1 Research Data
        2.2 Secondary Data
               2.2.1 Key Secondary Sources For Base Data
               2.2.2 Key Secondary Sources For Market Sizing
               2.2.3 Key Data From Secondary Sources
        2.3 Primary Data
               2.3.1 Sampling Techniques & Data Collection Methods
               2.3.2 Primary Participants
        2.4 Market Size Estimation
               2.4.1 Bottom-Up Approach
        2.5 Market Breakdown And Data Triangulation
        2.6 Assumptions


    3 Executive Summary (Page No. - 27)


    4 Premium Insights (Page No. - 30)
        4.1 Train Battery Market– Global Market Trends
        4.2 Train Battery Market, By Battery Type
        4.3 Train Battery Market, By Battery Technology
        4.4 Train Battery Market, By Application
        4.5 Train Battery Market, By Advanced Trains
        4.6 Train Battery Market, By Rolling Stock Type
        4.7 Train Battery Market, By Region


    5 Market Overview (Page No. - 34)
        5.1 Introduction
        5.2 Drivers
               5.2.1 Population Growth & Urbanization To Increase the Demand For High-Speed Trains
               5.2.2 Rise In Demand For Energy-Efficient Transport System
               5.2.3 Increasing Demand For Comfort & Luxury In Trains
        5.3 Restraints
               5.3.1 High Capital Investment & Operating Costs Of High-Speed Rail Network
               5.3.2 Government Regularized Rail Industry In Key Countries
        5.4 Opportunities
               5.4.1 Introduction Of High-Speed Trains In Developing Countries
               5.4.2 Development Of Hybrid Rail Systems
               5.4.3 Significant Growth Of Autonomous Trains
        5.5 Challenge
               5.5.1 Increase In Battery Capacity & Installation Requirements


    6 Train Battery Market, By Battery Type (Page No. - 43)
    (Note: This Chapter Has Been Further Segmented By Region Into Asia Pacific, Europe, North America And Row)
        6.1 Introduction
        6.2 Lead-Acid Battery
        6.3 Nickel-Cadmium
        6.4 Lithium-Ion


    7 Train Battery Market, By Battery Technology (Page No. - 49)
    (Note: This Chapter Has Been Further Segmented By Region Into Asia Pacific, Europe, North America And Row)
        7.1 Introduction
        7.2 Gel Tubular Lead-Acid Battery
        7.3 Valve Regulated Lead-Acid Battery
        7.4 Conventional Lead-Acid Battery
        7.5 Sinter Pne Nickel–Cadmium Battery
        7.6 Pocket Plate Nickel–Cadmium Battery
        7.7 Fibre Pne Nickel–Cadmium Battery
        7.8 Lithium-Ion


    8 Train Battery Market, By Rolling Stock Type (Page No. -56)
    (Note: This Chapter Has Been Further Segmented By Battery Type Into Lead Acid, Nickel Cadmium And Lithium Ion)
        8.1 Introduction
        8.2 Diesel Locomotive
        8.3 DMU
        8.4 Electric Locomotive
        8.5 EMU
        8.6 Metro
        8.7 Bullet Train
        8.8 Light Rail/Trams/Monorail
        8.9 Passenger Coaches
        8.1 Freight Wagon


    9 Train Battery Market, By Application (Page No. -  69)
    (Note: This Chapter Has Been Further Segmented By Region Into Asia Pacific, Europe, North America And Row)
        9.1 Introduction
        9.2 Starter Battery
        9.3 Auxiliary Battery


    10 Train Battery Market, By Advanced Trains (Page No. - 73)
    (Note: This Chapter Has Been Further Segmented By Region Into Asia Pacific, Europe, North America And Row)
         10.1 Introduction
         10.2 Autonomous Trains
         10.3 Hybrid Locomotive
         10.4 Fully Battery-Operated Trains


    11 Train Battery Market, By Region (Page No. - 79)
    (Note: This Chapter Has Been Further Segmented By Battery Type Into Lead Acid, Nickel Cadmium, And Lithium Ion)
         11.1 Introduction
         11.2 Asia Pacific
                 11.2.1 China
                 11.2.2 India
                 11.2.3 Japan
                 11.2.4 South Korea
         11.3 Europe
                 11.3.1 Germany
                 11.3.2 France
                 11.3.3 Uk
         11.4 North America
                 11.4.1 Canada
                 11.4.2 Mexico
                 11.4.3 Us
         11.5 Rest Of the World (Row)
                 11.5.1 Brazil
                 11.5.2 Russia


    12 Competitive Landscape (Page No. - 101)
         12.1 Introduction
         12.2 Market Share Analysis
         12.3 Competitive Scenario
                 12.3.1 New Product Developments
                 12.3.2 Expansions
                 12.3.3 Mergers & Acquisitions
                 12.3.4 Partnerships/Agreements/Supply Contracts/Collaborations/Joint Ventures
                 12.3.5 Other Developments In Train Market


    13 Company Profile (Page No. - 109)
    (Business Overview, Products Offered, Recent Developments, Swot Analysis)*
         13.1 Enersys
         13.2 Hitachi
         13.3 Saft Batteries
         13.4 Exide Industries
         13.5 Gs Yuasa
         13.6 Amara Raja Batteries
         13.7 Hoppecke
         13.8 Sec Battery
         13.9 First National Battery
         13.1 Pibas Gmbh
         13.11 Additional Company Profiles
                 13.11.1 North America
                            13.11.1.1 Exide Technologies
                            13.11.1.2 East Penn Manufacturing
                 13.11.2 Europe
                            13.11.2.1 Northstar
                            13.11.2.2 Aeg Power Solutions
                            13.11.2.3 Systems Sunlight
                 13.11.3 Asia Oceania
                            13.11.3.1 Furukawa Battery
                            13.11.3.2 Hunan Fengri Power & Electric
                            13.11.3.3 China Shoto
                            13.11.3.4 Coslight India
    *Details On Business Overview, Products Offered, Recent Developments, Swot Analysis, Might Not Be Captured In Case Of Unlisted Companies.


    14 Appendix (Page No. - 132)
         14.1 Primary Insights
         14.2 Discussion Guide
         14.3 Available Customizations
                 14.3.1 Train Battery Market By Country, By Application
                 14.3.2 Market By Country, By Rolling Stock,  By Battery Type
         14.5 Author Details

    List of Tables (94 Tables)
    Table 1 Currency Exchange Rates (W.R.T. Usd)
    Table 2 List Of Assumptions Considered
    Table 3 List Of Countries With Rail Electrification
    Table 4 List Of Regularized Authorities In Key Countries
    Table 5 Present & Upcoming High-Speed Train Projects, By Country
    Table 6 Market, By Battery Type, 2016–2025 (Units)
    Table 7 Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 8 Lead Acid: Market, By Region, 2016–2025 (Units)
    Table 9 Lead Acid: Market, By Region, 2016–2025 (Usd Thousand)
    Table 10 Nickel-Cadmium: Market, By Region, 2016–2025 (Units)
    Table 11 Nickel-Cadmium: Market, By Region, 2016–2025 (Usd Thousand)
    Table 12 Lithium Ion: Train Battery Market, By Region, 2016–2025 (Units)
    Table 13 Lithium Ion: Market, By Region, 2016–2025 (Usd Thousand)
    Table 14 Train Battery Market, By Battery Technology, 2016–2025 (Units)
    Table 15 Gel Tubular Lead-Acid Battery: Market,  By Region, 2016–2025 (Units)
    Table 16 Valve Regulated Lead-Acid Battery: Market, By Region, 2016–2025 (Units)
    Table 17 Conventional Lead-Acid Battery: Market, By Region,  2016–2025 (Units)
    Table 18 Sinter Pne Nickel–Cadmium Battery: Market, By Region,  2016–2025 (Units)
    Table 19 Pocket Plate Nickel–Cadmium Battery: Market,  By Region, 2016–2025 (Units)
    Table 20 Fibre Pne Nickel–Cadmium Battery: Market,  By Region, 2016–2025 (Units)
    Table 21 Lithium-Ion Battery: Market, By Region, 2016–2025 (Units)
    Table 22 Train Battery Market, By Rolling Stock Type, 2016–2025 (Units)
    Table 23 Market, By Rolling Stock Type, 2016–2025 (Usd Thousand)
    Table 24 Diesel Locomotive: Market, By Battery Type, 2016–2025 (Units)
    Table 25 Diesel Locomotive: Market, By Battery Type,  2016–2025 (Usd Thousand)
    Table 26 Dmu: Market, By Battery Type, 2016–2025 (Units)
    Table 27 Dmu: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 28 Electric Locomotive: Market, By Battery Type, 2016–2025 (Units)
    Table 29 Electric Locomotive: Market, By Battery Type,  2016–2025 (Usd Thousand)
    Table 30 Emu: Market, By Battery Type, 2016–2025 (Units)
    Table 31 Emu: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 32 Metro: Market, By Battery Type, 2016–2025 (Units)
    Table 33 Metro: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 34 Bullet Train: Market, By Battery Type, 2016–2025 (Units)
    Table 35 Bullet Train: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 36 Light Rail/Trams/Monorail: Market, By Battery Type,  2016–2025 (Units)
    Table 37 Light Rail/Trams/Monorail: Market, By Battery Type,  2016–2025 (Usd Thousand)
    Table 38 Passenger Coach: Market, By Battery Type, 2016–2025 (Units)
    Table 39 Passenger Coach: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 40 Freight Wagon: Market, By Battery Type, 2016–2025 (Units)
    Table 41 Freight Wagon: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 42 Train Battery Market, By Application, 2016–2025 (Units)
    Table 43 Market, By Application, 2016–2025 (Usd Thousand)
    Table 44 Starter Battery: Market, By Region, 2016–2025 (Units)
    Table 45 Starter Battery: Market, By Region, 2016–2025 (Usd Thousand)
    Table 46 Auxiliary Battery: Market, By Region, 2016–2025 (Units)
    Table 47 Auxiliary Battery: Market, By Region, 2016–2025 (Usd Thousand)
    Table 48 Train Battery Market, By Advanced Trains, 2025–2030 (Units)
    Table 49 Market, By Advanced Trains, 2025–2030 (Usd Thousand)
    Table 50 Autonomous Train: Market, By Region, 2025–2030 (Units)
    Table 51 Autonomous Train: Market, By Region,  2025–2030 (Usd Thousand)
    Table 52 Hybrid Locomotive: Market, By Region, 2025–2030 (Units)
    Table 53 Hybrid Locomotive: Market, By Region,  2025–2030 (Usd Thousand)
    Table 54 Fully Battery-Operated Train: Market, By Region,  2025–2030 (Units)
    Table 55 Fully Battery-Operated Train: Market, By Region,  2025–2030 (Usd Thousand)
    Table 56 Market, By Region, 2016–2025 (Units)
    Table 57 Market, By Region, 2016–2025 (Usd Thousand)
    Table 58 Asia Pacific: Market, By Country, 2016–2025 (Units)
    Table 59 Asia Pacific: Market, By Country, 2016–2025 (Usd Thousand)
    Table 60 China: Market, By Battery Type, 2016–2025 (Units)
    Table 61 China: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 62 India: Market, By Battery Type, 2016–2025 (Units)
    Table 63 India: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 64 Japan: Market, By Battery Type, 2016–2025 (Units)
    Table 65 Japan: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 66 South Korea: Market, By Battery Type, 2016–2025 (Units)
    Table 67 South Korea: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 68 Europe: Market, By Country, 2016–2025 (Units)
    Table 69 Europe: Market, By Country, 2016–2025 (Usd Thousand)
    Table 70 Germany: Market, By Battery Type, 2016–2025 (Units)
    Table 71 Germany: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 72 France: Market, By Battery Type, 2016–2025 (Units)
    Table 73 France: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 74 Uk: Market, By Battery Type, 2016–2025 (Units)
    Table 75 Uk: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 76 North America: Market, By Country, 2016–2025 (Units)
    Table 77 North America: Market, By Country, 2016–2025 (Usd Thousand)
    Table 78 Canada: Market, By Battery Type, 2016–2025 (Units)
    Table 79 Canada: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 80 Mexico: Market, By Battery Type, 2016–2025 (Units)
    Table 81 Mexico: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 82 Us: Market, By Battery Type, 2016–2025 (Units)
    Table 83 Us: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 84 Row: Market, By Country, 2016–2025 (Units)
    Table 85 Row: Market, By Country, 2016–2025 (Usd Thousand)
    Table 86 Brazil: Market, By Battery Type, 2016–2025 (Units)
    Table 87 Brazil: Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 88 Russia: Market, By Battery Type, 2016–2025 (Units)
    Table 89 Russia: Train Battery Market, By Battery Type, 2016–2025 (Usd Thousand)
    Table 90 New Product Developments
    Table 91 Expansions
    Table 92 Mergers & Acquisitions
    Table 93 Partnerships/Agreements/Supply Contracts/Collaborations/ Joint Ventures
    Table 94 Other Developments

    List of Figures (40 Figures)
    Figure 1 Train Battery Market: Market Segmentation
    Figure 2 Research Design
    Figure 3 Research Methodology Model
    Figure 4 Breakdown Of Primary Interviews
    Figure 5 Market: Bottom-Up Approach
    Figure 6 Market: Market Outlook
    Figure 7 Market, By Region, 2018 Vs. 2025 (Usd Million)
    Figure 8 Lithium-Ion Batteries Present An Attractive Growth Opportunity In Market
    Figure 9 Lithium-Ion Battery To Lead The Market,  2018—2025 (Usd Million)
    Figure 10 Vrla To Be The Largest Segment Of The Market,  By Battery Technology, 2018 Vs. 2025
    Figure 11 Batteries Required For Auxiliary Function To Dominate The Market, 2018 Vs. 2025 (Usd Million)
    Figure 12 Autonomous Trains Would Contribute The Largest Share Of Train Batteries In Advanced Trains Market, 2025–2030 (Usd Thousand)
    Figure 13 Freight Wagon To Dominate The Train Battery Market,  2018–2025 (Usd Million)
    Figure 14 Europe Is Estimated To Be The Fastest Growing Market,  2018 Vs. 2025 (Usd Million)
    Figure 15 Train Battery Market: Market Dynamics
    Figure 16 Growth In High-Speed Trains, 2025 (Units)
    Figure 17 Train Lighting Market Size, By Application, 2015–2025 (Usd Million)
    Figure 18 Rolling Stock Emission Regulation Outlook, 2014–2030
    Figure 19 Advancement In Autonomous Trains, 2022–2030 (Units)
    Figure 20 Train Battery Market, By Battery Type 2018 Vs 2025 (Usd Million)
    Figure 21 Market, By Battery Technology,  2018 Vs. 2025 (Thousand Units)
    Figure 22 Market, By Rolling Stock Type, 2018–2025 (Usd Million)
    Figure 23 Market, By Application, 2018 Vs 2025 (Usd Million)
    Figure 24 Market, By Advanced Technology,  2025–2030 (Usd Million)
    Figure 25 Market, By Region, 2018–2025 (Value)
    Figure 26 Asia Pacific: Market Snapshot
    Figure 27 Europe: Market Snapshot
    Figure 28 Train Battery Market Share, For Key Players, 2017
    Figure 29 Companies Adopted Expansion As A Key Growth Strategy
    Figure 30 Enersys: Company Snapshot
    Figure 31 Swot Analysis: Enersys
    Figure 32 Hitachi: Company Snapshot
    Figure 33 Swot Analysis: Hitachi
    Figure 34 Swot Analysis: Saft Batteries
    Figure 35 Exide Industries: Company Snapshot
    Figure 36 Swot Analysis: Exide Industries
    Figure 37 Gs Yuasa: Company Snapshot
    Figure 38 Swot Analysis: Gs Yuasa
    Figure 39 Amara Raja Batteries: Company Snapshot
    Figure 40 Sec Battery: Company Snapshot

    The train battery market is estimated to grow from USD 470.5 million in 2018, and is projected to reach USD 703.2 million by 2025, at a CAGR of CAGR of 5.15%. Major factors driving the growth of this market include the increasing population that is driving the demand for rail transport.

    Lithium-ion battery is projected to be the fastest growing battery type in the train battery market. The growth of lithium-ion battery can be attributed to the increasing demand for maintenance free battery for rail transport. Lead-acid battery is mainly used in rolling stocks at present. However, during the projected period, as lithium-ion batteries become economical, the industry is projected to shift toward them.

    Bullet train is the fastest growing market for train battery amongst all the rolling stock types. In bullet trains, lead-acid is the largest segment followed by nickel-cadmium. However, by 2025 lithium-ion is projected to have the largest share of the bullet train battery market. The demand for bullet trains is increasing at a brisk rate in China, Spain, the US and the UK. China has also planned to launch an automated bullet train for Winter Olympics in 2022.

    Auxiliary functions are the largest application of batteries used in trains. With the increasing demand for metros, monorails, bullet trains, and EMU, the demand for automatic doors, air conditioned coaches, and lighting and infotainment in trains is projected to increase. These applications require a battery box to provide a stable power. Thus, the requirement for battery boxes for auxiliary functions in trains is projected to remain the largest during the forecast period.

    Autonomous trains are expected to be fully equipped with advanced features such as automated doors, infotainment systems, safety systems, passenger information systems, and advanced lighting. These features have a continuous and high-power requirement. This is projected to increase the demand for train batteries as all the manual operations that were handled by the driver would be managed by a computer. The power supply for autonomous trains needs to be stable and thus the requirement of batteries would increase significantly.

    The train battery market for advanced trains has been projected from 2025 to 2030. Among the advanced train systems, the train battery market for autonomous trains is projected to be the largest by 2030. The requirement of autonomous trains for freight as well as passengers is projected to increase as the technology becomes commercially viable. As the safety system in autonomous trains requires additional power, the demand for batteries is projected to increase during the forecast period.

    Currently, the Asia Pacific region is estimated to dominate the train battery market and is projected to be the largest and fastest growing market during the forecast period. The market growth in the region can be attributed to the upcoming demand for trains in India and China. China has plans to have 45,000 km of high-speed rail network by 2025, whereas India is planning to start operations of its first bullet train by 2022. The demand for bullet trains in the region is projected to grow at the fastest pace during the forecast period because of the growing population and increasing focus of the governments on reducing air pollution. This, in turn, would increase the demand for train batteries as the power requirement in bullet trains is significantly higher than other trains.

    Train Battery Market

    The high capital investments and operational costs required for the rail network act as a major restraint for the train battery market.
    The major players in the train battery market are EnerSys (France), Toshiba (Japan), Saft (Germany), Exide Industries (India), Amara Raja (India), Hoppecke (Germany), and Hitachi (Japan), among others.

    The increasing demand for maintenance free train batteries is projected to change the dynamics of the train battery market over the forecast period. Enersys has a wide product portfolio and has adopted expansion as the key strategy. In 2018, EnerSys established a Global Technology Center in Reading, US, which serves as the new hub for the company’s core engineering and technology teams. This will help the company develop new energy-efficient batteries and maintain their competitive edge.

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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