Train Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Train Battery Trends and Forecast

The future of the global train battery market looks promising with opportunities in the hybrid trains and fully battery-operated trains markets. The global train battery market is expected to reach an estimated $0.28 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are developments and expanding urban infrastructure led to advances in battery technology and Increasing railway network development and rapid urbanization.

A more than 150-page report is developed to help in your business decisions.

Train Battery by Segment

The study includes a forecast for the global train battery by advance train, battery type, engines/head, application, and region.

Train Battery Market by Advance Train [Shipment Analysis by Value from 2018 to 2030]:

• Hybrid Trains
• Fully Battery-Operated Trains

Train Battery Market by Battery Type [Shipment Analysis by Value from 2018 to 2030]:

• Lead Acid Battery
• Nickel Cadmium Battery
• Lithium Ion Battery

Train Battery Market by Engines/Head [Shipment Analysis by Value from 2018 to 2030]:

• Diesel Locomotives
• Diesel Multiple Units
• Electric Locomotives
• Electric Multiple Units

Train Battery Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Metros
• High-Speed Trains
• Light Rails/Trams/Monorails
• Passenger Coaches
• Others

Train Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Train Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies train battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the train battery companies profiled in this report include-

• EnerSys
• Exide Industries
• Saft
• Amara Raja Batteries
• GS Yuasa

Train Battery Market Insights

Lucintel forecasts that fully battery-operated trains is expected to witness the highest growth over the forecast period due to increasing capacity, heavy load capabilities, and advancements in lithium-ion battery technologies.

Within this market, passenger coaches will remain the largest segment due to largest fleet of locomotives and multiple units globally.

APAC is expected to witness highest growth over the forecast period due to comprehensive railway infrastructure in the majority of asian nations.

Features of the Global Train Battery Market

Market Size Estimates: Train battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Train battery market size by various segments, such as by advance train, battery type, engines/head, application, and region in terms of value ($B).

Regional Analysis: Train battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different advance train, battery type, engines/head, application, and regions for the train battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the train battery market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the train battery market size?

Answer: The global train battery market is expected to reach an estimated $0.28 billion by 2030.

Q2. What is the growth forecast for train battery market?

Answer: The global train battery market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the train battery market?

Answer: The major drivers for this market are developments and expanding urban infrastructure led to advances in battery technology and Increasing railway network development and rapid urbanization.

Q4. What are the major segments for train battery market?

Answer: The future of the train battery market looks promising with opportunities in the hybrid trains and fully battery-operated trains markets.

Q5. Who are the key train battery market companies?

Answer: Some of the key train battery companies are as follows.

• EnerSys
• Exide Industries
• Saft
• Amara Raja Batteries
• GS Yuasa

Q6. Which train battery market segment will be the largest in future?

Answer: Lucintel forecasts that fully battery-operated trains is expected to witness the highest growth over the forecast period due to increasing capacity, heavy load capabilities, and advancements in lithium-ion battery technologies.

Q7. In train battery market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to comprehensive railway infrastructure in the majority of asian nations.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the train battery market by advance train (hybrid trains and fully battery-operated trains ), battery type (lead acid battery, nickel cadmium battery, and lithium ion battery), engines/head (diesel locomotives, diesel multiple units, electric locomotives, and electric multiple units), application (metros, high-speed trains, light rails/trams/monorails, passenger coaches, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?