Global Train Battery Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2020 at a CAGR of 5.9% during the forecast period.
Global Train Battery Market Overview

Reducing the dependency on fossil fuel at the same time pressure on cost is driving the investment in alternative fuel technologies across the world and railways are no exception for that. Governments across the world and railway companies are investing heavily in the electrification of the railways. The report has covered the investment being done by key railway companies by region, and it will help the reader to understand the potential for the train batteries by countries.
Global Train Battery Market Dynamics

Driver:

Growing demand for trains with low maintenance and growing electrification of trains are increasing the growth of the global train battery market.

China plans to invest USD 125 billion (the highest investment in railway expansion network in the world) in railways and deliver a 30,000 km high-speed network covering 80% of major cities in the upcoming years.
In 2019, the US released a proposal for investing USD 240 billion in a nationwide high-speed rail network. The proposal enhances annual spending of USD 32 billion on high-speed rail for the development of electrified trains. These are expected to include AC coaches, automatic doors, train lighting, infotainment, Wi-Fi services, etc. These features require high-power requirements which in turn is driving demand for the growth of the global train battery market.
Restraints:

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. Developing countries such as India, Turkey, and others plan to adapt the existing tracks but are unable to invest in the laying of new tracks and infrastructure due to budget restraints. Hence, due to the high investment costs, the high-speed rail network is witnessing slow growth.
Opportunity:

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. Therefore, private companies are focusing on high-speed rail and are expecting to offer opportunities for the battery manufacturers of auxiliary batteries. Along with other countries, India plans to privatize part of its rail sector and launch 151 private passenger trains in 109 pairs of routes in the upcoming years.
Challenge:

The large shape and size of the battery is expected to be a major challenge for battery manufacturers in terms of manufacturing and operating costs. 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.
Global Train Battery Market Segment Analysis

Global Train Battery Market Segment, by Technology:

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 steadier at higher temperatures than lead-acid batteries. As a result, 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. The sinter/PNE nickel-cadmium battery segment is estimated to lead the market in the Asia Pacific due to its high-energy-density.
Global Train Battery Market Segment, by Application:

The auxiliary battery systems provide hold up 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.

Lithium-ion batteries in fully operated trains require small space for installation also have better performance and less weight as a result is expected to drive the market during the forecast period. Thus, regions such as the Asia Pacific and Europe are expected to drive the market for auxiliary function batteries due to the expansion of the high-speed rail network in these regions.

Global Train Battery Market by Application

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Global Train Battery Market Segment, by Advance Train:

In fully battery operated trains, the rechargeable batteries are used instead of diesel generator for traction power on non-electrified lines. 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 by upcoming years. This offers opportunities for battery manufacturers in the region.

There is rapid growth in the market for storage batteries due to performance of storage batteries in terms of capacity and output. This in turn can help the global train battery market to grow in upcoming years.
Global Train Battery Market Regional Analysis

Global Train Battery Market

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. Asia Pacific holds the maximum market for rail network. Rapid urbanization and government initiatives towards the development of energy-efficient transportation have helped the region to grow its market across the globe during forecast period.

Asian countries such as China is planning to extend the network to 45,000 km by forthcoming years. 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.

While Indian railways target for 100% electrification of routes during the forecast period. This offers significant opportunities for train battery manufacturers in the coming future. In China and India, the process of installation of bullet trains is expected to drive the growth of the train battery market. In addition, the countries are trying to reduce air pollution which is boosting the electrification of the trains. This, in turn, is driving growth of the global train batteries market.

Global Train Battery Market by region
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Global Train Battery Market table
Global Train Battery Market, by Region:

• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Train Battery Market Key Players

• CRRC Corporation Limited
• Alstom
• Siemens Mobility
• Bombardier Transportation
• General Electric
• Hyundai Rotem
• Kawasaki Heavy Industries
• Trinity Rail Group
• Stadler
• Stadler Rail AG
• EnerSys (US)
• Exide Industries (India)
• Saft (France)
• Amara Raja Batteries (India)
• GS Yuasa Corporation (Japan)

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