EnerSys (US) and Saft (France) are leading players in Train Battery Market
The global train battery market size is projected to reach USD 758 million by 2030, from an estimated value of USD 518 million in 2022, at a CAGR of 4.9 %. The base year for the report is 2022, and the forecast period is from 2022 to 2030.
Rapid urbanization and the need for sustainable transport in both, emerging and advanced countries are one of the largest drivers of infrastructure spending over the next few decades which will contribute to the growth of demand for rail expansion. Additionally, the rail expansion will come with higher energy requirements and hence will require the adoption of energy-efficient operations. The incorporation concerns is expected to lead to the demand for energy storage systems and hence are expected to propel the demand for train batteries during the forecast period. However, the limited orders for rolling stock across the globe due to the COVID-19 pandemic had affected the demand for train batteries in short term. 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.
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.
To know about the assumptions considered for the study download the pdf brochure
EnerSys is ranked the top player because of its diversified product portfolio for various rail applications. In 2021, the company increased its spending on new product development by $25.0 million. Further, In September 2021, EnerSys expanded its lead-acid battery product portfolio by inclusion of advanced carbon additive which allows increased reserve capacity (up to 10 percent) and longer cycle life of lead-acid Absorbed Glass Mat (AGM) batteries. The company also expanded its motive power product portfolio to include products formerly sold under the NorthStar® battery brand. NorthStar® batteries was acquired by EnerSys in October 2019 for $182.5 million. EnerSys has also announced that it will continue its efforts towards commercialization of the Green Seal Bi-Polar battery technology licensed from Advanced Battery Concepts, LLC (ABC).
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 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). In October, 2020 Saft won a major order from Metrowagonmash (MWM), a company of Transmashholding (TMH). TMH is the world’s fourth-largest railway rolling stock developer and manufacturer. Saft MSX cells will provide emergency traction power for new rail cars destined for the Moscow Metro project.
Related Reports:
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
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
