Train Battery Market

Train Battery Companies - Saft (France), Enersys (US) and GS Yuasa Corporation (Japan) are Leading Players

The train battery market, by value, is projected to grow to USD 378 million by 2030 from USD 277 million in 2023, at a CAGR of 4.6% from 2023 to 2030. The base year for the report is 2022 and the forecast period is from 2023 to 2030. The growth of train battery can be attributed to factors such as increasing urbanization and growing demand for sustainable transportation in developing as well as developed countries. The rising urbanization and growing demand for sustainable transport ultimately driving the expenditure for railway expansions. In addition to this, the expansion of railways will require higher energy density storage system which will drive the demand for train batteries in coming years.

Major Train Battery Market Companies include

  • Saft (France),
  • Enersys (US),
  • Exide Industries (India),
  • GS Yuasa Corporation (Japan),
  • Amara Raja Batteries Ltd (India),
  • Hoppecke Batterien Gmbh & Co. Kg (Germany).

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.

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Enersys (US):

EnerSys is known as an industrial battery producer, maintaining manufacturing and assembly facilities across the globe to serve clients spanning more than 100 nations. The company operates through three business segments namely, energy systems, motive power, and specialty. Under the motive power segment, the company offers various batteries for train applications such as locomotive starter batteries, signal batteries, and rail switching batteries. EnerSys adopted the strategies of partnership, and acquisition to retain its leading position in the train battery market. In April 2023, EnerSys acquired Industrial Battery and Charger Services Limited (IBCS) based out in the UK to strengthen its motive power service offerings in the UK.  The acquisition is a strategic maneuver by EnerSys, aimed at broadening the scope of its motive power services and fortifying its position within the UK market. Further in 2020, EnerSys signed a partnership agreement with NAPA Auto Parts to offer premium Absorbed Glass Mat (AGM) ODYSSEY batteries in the North American automotive and industrial battery market. As an approved vendor, EnerSys will have the ability to provide ODYSSEY batteries from 57 distribution centers, 6,000 NAPA Auto Parts stores, and more than 17,000 NAPA AutoCare and AutoCare Collision Centers in the US.

Saft (France):

Saft is ranked second due to its focus on innovation and its strong business development strategy. The company is known for its innovation in the market. For example, in 2021, the company registered 21 patents. Further, the company focuses on the supply contract strategy. For instance, in September 2022, Saft formed a supplier contract with Alstom to deliver MRX batteries for backup power applications for Grand Paris Express. Saft has successfully delivered the initial ten battery systems intended for five trains, which are part of the overall requirement of up to 183 trains essential for the completion of three new lines (lines 15, 16, and 17) by the year 2030. In addition to this, In February 2022, Saft entered into a supply contract with Toshiba Infrastructure Systems & Solutions (TISS) to supply nickel battery systems. These battery systems will provide onboard backup power for 68 electric locomotives on passenger services of the Taiwan Railways Administration (TRA).

GS Yuasa Corporation (Japan):

GS Yuasa International Ltd. is a key player in the train battery market with innovative product offerings. The company’s business portfolio consists of battery chargers, UV irradiation systems, membrane products, power supply systems, and battery systems. Robust R&D capabilities and a strong focus on innovation and acquisitions have helped the company maintain technological leadership in most of the product segments. The company allocates a substantial portion of its sales revenue towards research and development (R&D) efforts aimed at innovating and bringing new technologies to market. In the fiscal year 2022, the company invested USD 112 million in R&D, equivalent to 2.8% of its total revenue. The company has had two major product launches in 2020: the lithium-ion rail battery series (LIM30HL series) and the lead-acid battery series (SNS-TN series).

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Train Battery Market Size,  Share & Growth Report
Report Code
AT 6676
RI Published ON
10/31/2023
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