Train battery market worth $758 million by 2030

CHICAGO, May 17, 2022 /PRNewswire/ — According to new market research report train battery market By type and technology (lead-acid-gel tubular, VRLA, conventional; Ni-Cd-sintered, fiber, ladle and Li-Ion), advanced train (autonomous, hybrid, fully battery-powered), type of rolling stock, application and Region – Global Forecast to 2030″, published by MarketsandMarkets™, the global train battery market size is expected to reach $758 million by 2030, from an estimated value of $518 million in 2022 at a CAGR of 4.9%.

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The growth is influenced by factors such as growth in the rail network, tightening of emission standards and growth in the cost of operating the urban rail network are considered the major drivers for the Train Battery market. Rapid urbanization and growing need for sustainable transportation is expected to drive demand for energy storage systems and hence is expected to propel the demand for train batteries over the forecast period.

Li-ion battery segment expected to register the highest growth rate of 6.8% from 2022 to 2030

Compared to other battery types, Li-Ion batteries are maintenance-free, have a longer cycle life, have higher energy density, and are compact in design. Developments in lithium-ion batteries to improve their performance contribute to the increase in demand for lithium-ion batteries. The growth in adoption can also be attributed to the growing need to reduce the weight of high-speed trains and their longer life cycle. In addition, lithium and cobalt are the main constituents of lithium-ion batteries which are found in abundance in China and like, China is the largest market for high-speed trains, the demand for lithium-ion batteries in the region is expected to increase during the forecast period.

Electric Locomotive Segment Expected to Grow at Highest CAGR of 7.2% from 2022 to 2030

Electric locomotives draw their energy directly from overhead power lines. Since they do not have to carry fuel with them like diesel locomotives, electric locomotives are lightweight and can move faster. Electric locomotives are driven by an electric motor whose efficiency is over 90%. In addition, the increasing use of regenerative braking and the on-board battery system has further improved power conversion efficiency. Hence, the increasing use of auxiliary function batteries on electric locomotives will drive the demand for train batteries over the forecast period.

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the Asia Pacific is estimated to be the largest market

The market for train batteries in Asia Pacific experienced significant year-over-year growth. Asia Pacific is the leading manufacturer of rolling stock and hosts the manufacturing plants of major rolling stock manufacturers such as Bombardier Transportation (India), Siemens Mobility (China), Alstom Transportation (Singapore), Stadler Rail AG(Taiwan) and CRRC Corporation (China). In addition, the expansion of high-speed rail networks in China, India, Japanand South Korea is expected to boost demand for train batteries in the region. In addition, developments such as the modernization of diesel engines and the electrification of the railway network will increase the demand for train batteries for auxiliary functions.

Main market players

the train battery market is led by globally recognized players such as EnerSys (USA), Exide Industries (India), Safe (France), Amara Raja Batteries (India), and GS Yuasa Corporation (Japan).

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Hybrid Trains Market by Propulsion Type (Diesel Electric, Battery-Powered, Hydrogen, CNG, LNG, and Solar), Application (Passenger and Freight), Operating Speed ​​(>100km/h, 100-200km/h,

High Speed ​​Rail/High Speed ​​Rail Market by Speed ​​in Km/h (200–299, 300–399, Above 400), Track Length, Technology, Application, Propulsion (Electric and Dual), Component ( axle, transformer, traction motor, traction system), and region – Global forecast to 2025

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