PUBLISHER: 360iResearch | PRODUCT CODE: 1471063
PUBLISHER: 360iResearch | PRODUCT CODE: 1471063
[185 Pages Report] The Train Battery Market size was estimated at USD 622.61 million in 2023 and expected to reach USD 665.88 million in 2024, at a CAGR 7.34% to reach USD 1,022.76 million by 2030.
Train batteries are batteries that consist of one or more electrochemical cells with external connections that can supply electricity to on-board electrical systems in trains. Several industries use train batteries, most notably the railway industry, for freight trains, passenger trains, hybrid trains, and subway systems. Regions advocating for cleaner energy solutions are favoring the adoption of hybrid and fully electric trains, powering an increased market demand. However, manufacturing high-capacity batteries that operate optimally under any weather conditions can be challenging. Research into battery management systems, capacity-increasing techniques, and technologies to withstand harsh environmental conditions or heavy-duty cycles could offer vital avenues for product innovation for market players. The emergence of technologically advanced trains provides numerous opportunities for battery manufacturers. For instance, the development of high-speed and automatic trains would require batteries that can handle high-speed loads. Market players are working on the development of batteries with advanced materials, leading to reduced weight, increased energy density, and longer lifetimes.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 622.61 million |
Estimated Year [2024] | USD 665.88 million |
Forecast Year [2030] | USD 1,022.76 million |
CAGR (%) | 7.34% |
Battery: High suitability of lithium-ion batteries for trains requiring longer battery life and higher efficiency
Lead acid batteries are probably the oldest type of rechargeable battery. Despite newer technologies available, lead acid batteries remain popular due to their ability to provide high surge currents, meaning they have high power-to-weight ratios. However, they have a significantly lower energy-to-weight ratio and energy-to-volume ratio, meaning they provide less overall capacity and have a shorter lifespan compared to the other models. Lithium-ion batteries offer many advantages over other battery technologies. They provide high energy density, meaning they can store more energy, making them powerful yet compact. Lithium-ion batteries have a lower self-discharge, enabling them to have longer standby time. However, they are generally more expensive and require sophisticated technology for manufacturing. Nickel-cadmium batteries are rugged and durable, and they tolerate a wide range of temperatures and harsh conditions, making them suitable for heavy-duty applications. However, they are typically larger and heavier than other battery types and suffer from a memory effect, a phenomenon where they gradually lose their maximum energy capacity if repeatedly recharged after being only partially discharged.
Battery Technology: Rising use of valve-regulated lead batteries owing to their low maintenance and high energy density
Conventional lead acid batteries are commonly used in trains due to their low cost and high reliability, and their demand is driven by their affordability for moderate power requirements. However, they require regular maintenance, which might be challenging in extensive-use scenarios. Fibre PNE batteries, although not as common as conventional lead acid, are adopted extensively in railway applications due to their high power density and longer lifespan. The demand for Fibre PNE batteries is particularly high among freight trains and those in extreme environmental conditions due to their durability and robustness. Gel Tubular batteries offer excellent cycle life and deep discharge capabilities, making them highly suitable for backup power in rail transport. Pocket Plate batteries have high discharge rates and are resistant to mechanical vibrations, which makes them ideal for railway applications. These are often used in heavy-duty trains and cargo transportation due to their resilience against extreme conditions. Although significantly more expensive, Sinter PNE batteries offer remarkable performance benefits, such as high power density, compact design, and extended lifetime. This battery type is preferred for high-speed trains due to its ability to supply power in bursts for quick acceleration. Valve-regulated lead acid batteries are essentially sealed lead acid batteries, providing power without the need for regular maintenance. They have a particularly high demand for electric trains and smart train systems.
Application: High emphasis on improved passenger comfort leading to the adoption of advanced auxiliary batteries
Auxiliary batteries, often referred to as accessory batteries, are crucial components of train systems. They power elements such as the heating, ventilation, and air conditioning (HVAC), automatic doors, and infotainment systems. This category, therefore, largely impacts passenger comfort and operational efficiency on an accessory level. Starter batteries, in contrast, play a decisive role in powering up the train engine systems. These batteries are responsible for igniting the engine, and their consistent output determines the overall operational readiness of the train systems.
Locomotive: Need for high capacity and long-life batteries for bullet trains
High-speed bullet trains maximize cutting-edge train battery technology for control, communication, and lighting systems. The battery's reliability and durability play a crucial part in maintaining the bullet train's superb operational effectiveness and passenger safety. In diesel locomotives, large train batteries provide the needed power for engine ignition. Additionally, these batteries supply power for on-board lights, brakes, and electronics when the engine is not running. The diesel multiple unit (DMU) functions using batteries that are chiefly engaged in vehicle startup procedures and auxiliary services. These systems include HVAC, lighting, and on-board communication devices. Train batteries in electric locomotives power onboard control systems and emergency systems, ensuring operation efficiency and overall safety. The train battery in an electric multiple unit (EMU) powers the control systems, the plug doors, and emergency systems. This type of battery guarantees seamless operations while maintaining passenger safety and comfort. Freight wagons rely on robust train batteries to power GPS-based tracking systems, braking systems, and refrigeration units. In standard light rail systems, trams, and monorails, train batteries are employed to operate a plethora of functions- from lighting and air conditioning systems to the vehicle's operational controls. Metro trains utilize high-capacity batteries for power backup to support critical systems such as emergency braking, lights, and air conditioning systems during unexpected power outages. Passenger coaches use train batteries to run vital features such as lighting, doors, HVAC systems, and information display systems.
Regional Insights
In the Americas, the train battery market is displaying a steady growth trend, primarily instigated by the gradual shift towards eco-friendly power sources. North America, with the U.S. and Canada, is investing in technologies that promote the use of lithium-ion batteries in locomotives. Asia's burgeoning urbanization and industrialization have resulted in heightened demands for railway transport infrastructure. Companies in the region contribute significantly to the region's production capabilities through consistent technological innovation and expansive manufacturing facilities. Asian countries, particularly China, Japan, and India, are focusing on making traction batteries more reliable and efficient. The region's significant adoption rate of hybrid and electric trains further portrays the critical role train batteries play. Europe is known for its robust train network, necessitating a dependable train battery infrastructure. The European market, where sustainability is a prime concern, demonstrates a strong preference for low-maintenance, eco-friendly battery systems. This has led to the increasing use and production of nickel-metal hydride (NiMH) and lithium-ion batteries.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Train Battery Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Train Battery Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Train Battery Market, highlighting leading vendors and their innovative profiles. These include AEG Power Solutions B.V., BorgWarner Inc., Crown Battery Manufacturing Co., East Penn Manufacturing Company, EnerSys, Exide Industries Ltd., First National Battery, Forsee Power, GS Yuasa Corporation, Hitachi Ltd., Hoppecke Batterien GmbH & Co. KG, National Railway Supply Inc., Power & Industrial Battery Systems GmbH, Sec Industrial Battery International Ltd., Shield Batteries Limited, Shuangdeng Group Co, Ltd., Sunlight Group, TotalEnergies SE, and Train Battery.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Train Battery Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Train Battery Market?
3. What are the technology trends and regulatory frameworks in the Train Battery Market?
4. What is the market share of the leading vendors in the Train Battery Market?
5. Which modes and strategic moves are suitable for entering the Train Battery Market?