Global Train Battery Market - 2022-2029

Market Overview

The Train Battery Market reached US$ XX million in 2021 and is expected to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of 5.10% during the forecast period (2022-2029).

A train battery is used to supply power to the coaches when the train is stationary or moving slowly. In engines and coaches, rolling stock batteries are utilized for auxiliary systems, lighting and locomotive starting. Railroad crossings, signal towers and signaling systems all employ stationary batteries as emergency backup power. Additionally, batteries are employed to meet the electricity needs of traveling passengers, including those for light, fans, air conditioning and other small appliances. Therefore, battery capacity, resilience, dependability and performance are crucial for successful battery use.

Furthermore, to ensure the proper functioning of the train batteries and their features, batteries are sent to the railway workshop after a fixed period set by the railway authority. By performing further testing, these functionalities are guaranteed. The discharge procedure is one of the performance tests used to evaluate a battery's reliability and capacity.

The demand for high-speed trains rises along with the demand for comfortable, luxurious trains, energy-efficient transportation systems and population growth and urbanization are boosting the market growth opportunities for train batteries. Additionally, introducing high-speed trains in developing nations is anticipated to open up prospects for the market to grow to a greater level through the development of hybrid rail systems and significantly more autonomous trains.

Market Dynamics

Growing autonomous and high-speed trains in various parts of the world have escalated the demand for the train battery market. Growing investments in developing hybrid rail systems boost the train battery market.

Growing autonomous and high-speed trains in various parts of the world have escalated the demand for the train battery market.

An automated train driving system that controls train arrival, departure, movement between stations, the precise and automatic halting of trains and timely opening and closing of doors makes up the automated train travel process known as autonomous trains. Although autonomous trains have not yet become widely used on the global market, their applications are steadily expanding due to the rapid development of technology. Additionally, railways are thought to be a more reliable and effective means of transportation for passengers and long-distance freight with less interruptions and failures, lowering the traveling time compared to road transportation.

Furthermore, to sustain the railway network and reduce reliance on other forms of transportation, the government has boosted its investment budget for upgrading and modernizing the railway system.

However, these railway systems are regarded as major energy consumers since high-speed and power lines typically fuel autonomous trains. As a result, many energy-saving and storage systems are used to increase performance. For instance, braking energy is converted into electricity and stored onboard energy storage systems using regenerative braking techniques. By implementing regenerative braking technology, the Delhi metro system in India could stop the discharge of around 90,04 tonnes of carbon dioxide.

Furthermore, various companies are investing in building train batteries for autonomous and high-speed trains, creating opportunities for the train battery in the forecast period. For instance, in January 2022, Alstom and Deutsche Bahn (DB) announced to opening of a new chapter in climate-friendly rail operations by putting Alstom's first fully approved battery train to the test with passengers onboard. The Battery Electric Multiple Unit (BEMU) will start revenue operation with passengers on January 24 in Baden-Wurttemberg and February 5 in Bavaria. The regional transport division of DB, DB Regio, will drive the low-emission vehicle. Until May 1, 2022, the test operation will be in effect.

The high initial investment in train batteries hurdles market growth.

The high cost of infrastructure and budget restrictions on the government has hampered the adoption of high-speed train networks in different rising economies, such as Mexico, Indonesia, etc. According to October 2021, the California bullet train's contractors had requested cost increases of at least another billion dollars. The US$100 billion project is in hazard assessment financial shape due to ongoing cost rises and the risk that related issues may show over the coming years.

Furthermore, The railway operator Niederbarnimer Eisenbahn (NEB) will get an investment loan from the European Investment Bank (EIB) for up to US$107.24 million (€95 million), which will be used to develop and buy new battery-powered trains. These trains will replace the NEB's diesel locomotives beginning in December 2024. For the ten East Brandenburg tracks that connect Berlin with the Polish border, the business has made an order with Siemens for 31 new Mireo Plus B trains.

Due to the project's high cost and negative environmental impact, UK's high-speed rail line's completion dates for the Manchester/Leeds and Birmingham branches have recently been pushed back to 2031 and 2040, respectively. The project's projected cost has also nearly doubled from its initial budget of US$ 65 billion to US$ 130 billion. A 150 km long high-speed train project in Indonesia was similarly halted in 2016. As a result, it is anticipated that the high infrastructure cost will limit the expansion of the high-speed train network in emerging economies, impacting the demand for train batteries.

COVID-19 Impact Analysis

The COVID-19 pandemic has adversely affected rail transport, reducing rolling stock operations and losses for train battery manufacturers. Companies have resumed production as of 2022 with decreased capacity utilization and production will likely be adjusted in response to demand. As big nations like China continue to be under a state of lockdown to stop the disease's spread, train battery producers see interruptions in their supply chains.

Furthermore, all the countries in the study have seen a decline in rail and public transportation use. On March 22, all rail service in India was canceled. U.S., Canada, Australia and UK are the nations where public transit in urban areas has decreased most dramatically among those where traffic is still moving. Because these nations were not put under lockdown, transit usage declines have been more muted in Hong Kong, South Korea and Sweden. Furthermore, having experienced SARS epidemics, Hong Kong and South Korea have established pandemic-preparedness public transportation procedures. Thus, the direct impact on the railway industry has reduced the train battery market demand, directly hampering the industry.

However, improving market growth conditions are expected to rebuild the previous train battery momentum in the forecast period.

Segment Analysis

The global train battery market can be segmented on battery, train, technology, locomotive, application and region.

Due to improved high power density and lower maintenance costs than lead-acid batteries, Ni-Cd battery producers have significant growth prospects

The global train battery market based on the battery is segmented into lead-acid battery, nickel-cadmium battery and lithium-ion battery. Out of the mentioned battery, the nickel-cadmium battery holds a dominating position in the global train battery market. Due to improved high power density and lower maintenance costs than lead-acid batteries, battery producers have significant growth prospects. Nickel-cadmium batteries outperform conventional batteries on variable loads and across various temperatures.

Furthermore, the nickel-cadmium battery is extremely dependable and requires less maintenance than conventional batteries. Ni-Cd batteries offer very high performance in rail applications like the emergency braking of metros and fast trains and the starting of diesel locomotives.

The main applications of the battery include diesel engine starting and power backup. The batteries offer various advantages such as short duration, high peak discharges, low maintenance (2 years without topping up with water), long life: of more than 15 years, high reliability, wide operating temperature range and excellent changeability. The advantages mentioned above by Ni-Cd accelerate the market growth in the train batteries business.

Geographical Analysis

Growing rail network and increased government investment in the transportation sector of Asia-Pacific boost the market share for train batteries in the region

Due to the construction of rail networks in nations like China, Japan, India and South Korea, Asia-Pacific is thought to have the largest and fastest-growing market. Furthermore, the market's expansion in this region can be attributed to the region's rapid infrastructure development, increased government investment in the transportation sector and ongoing and upcoming projects in various nations. Emerging economies such as India and China, where the number of subway line installations are expanding quickly relative to other countries in the region, dominate Asia-Pacific market. The market for automatic trains is primarily driven in the region by advancements in automation and consumer desire for safe and effective transportation.

Additionally, China and India have some of the largest rail systems in the world. China had a track length of more than 250,000 km in 2019, India had a track length of over 100,000 km, Japan had a track length of about 28,000 km and South Korea had a track length of roughly 4,000 km. Passenger trains are the most popular form of transportation in India, China and South Korea, although, in Japan, high-speed railroads and metro trains are preferred. The need for batteries is growing due to the increased demand for properly equipped train sets.

Competitive Landscape

The train battery market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth are GS Yuasa Corporation., AEG Power Solutions, ENERSYS, East Penn Manufacturing Company, China SHOTO, Sunlight, THE Furukawa Battery CO., LTD., Coslight India Telecom Pvt. Ltd., Saft, Hunan Fengri Power & Electric CO. LTD., Amara Raja Batteries and others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the market growth of train battery globally.

• For instance, In 2022, ABB won orders worth US$80 million from Stadler for energy-efficient traction and high-performance battery technologies for high-capacity commuter trains. Many of these trains would improve Spain's short-distance transportation system, which now transports over a million commuting passengers daily between some of the country's main cities, including Madrid and Barcelona. Additionally, new locomotive traction equipment is included in the orders.

DMS Technologies Pvt. Ltd

Overview: GS Yuasa Corporation is a Japanese company specializing in the development and production of lead-acid and lithium-ion batteries, used in trains, automobiles, motorcycles and other areas, including aerospace and defense applications. The company was established in 2004 and had a capital stock of 10 billion by 2021.

Product Portfolio:

• Alkaline(Ni-Cd) Batteries for Railway Vehicles: The company offers Nid-Cd batteries for railway application which is used as UPS, an emergency power source, for trains, lighting for trains, ships and equipment, telecommunication, transportable and solar cells.

Key Development

• In 2018, GS Yuasa Corporation announced delivery of E3 Solution System, a regenerative power storage system offering an output of 1,000kW, to West Japan Railway Company. The system is a single unit made of a converter coupled with lithium-ion batteries and can charge and discharge a maximum power of up to 1,000kW.

Why Purchase the Report?

• Visualize the train battery market segmentation by battery, train, technology, locomotive, application and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the train battery market by analyzing trends and co-development deals.
• Excel data sheet with thousands of train battery market-level 4/5 segmentation data points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global train battery market report would provide approximately 77 market data tables, 80 figures and 210 pages.

Target Audience 2022

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