Global Train Battery Market
The GMI Research forecasts that the Train Battery Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing demand for faster means of transportation owing to the rapid urbanization and escalating adoption of electric train deployment.
Introduction of the Train Battery Market
Train batteries improve the dependence and performance of the train with cranking capacity to deliver the power required despite of conditions. Further, they have several benefits such as high breakaway current, quick engine cranking, long service life, line signalling, emergency lighting and current supply, suburban railway and underground trains, rail cars (starter battery), street traffic control, electric trains, signal and control boxes and enclosures.
Key Players of the Global Train Battery Market:
- Sapien LLC
- Hitachi
- Amara Raja
- Toshiba
- Hoppecke
- East Penn Manufacturing Company
- SEC Battery
- Exide Industries
- Saft
- EnerSys
- Power & Industrial Battery Systems Gmbh
Train Battery Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The augmenting demand for a high-speed mode of transportation led by swift urbanization and enlargement of novel train tracts with government train deployment projects are the major drivers stimulating the demand of the global train battery market. Railway company Canadian Pacific (CP) and Ballard Power Systems (Ballard) manufacturing company, in 2021, proposed using Ballard fuel cell modules through CP’s Hydrogen Locomotive Program. These modules have the capability to supply 1.2 MW of electricity for fuelling the locomotive. The program intended to develop North America’s first hydrogen-powered line-haul freight locomotive with the modernization of the diesel-powered locomotive with Ballard’s hydrogen fuel cells to control the locomotive’s electric traction motors with the assistance of battery technology.
Moreover, the surging acquisition of employment of electric train along with the expansion in government strategies to promote green technology has strengthened the train battery market size. For example, the Indian Ministry of Finance targeted to accomplish full electrification of its tracks. Also, Rolls-Royce merged with Porterbrook in the UK in the first quarter of 2020 to deliver MTU hybrid drive systems to the UK rail network and introduced clean, safe, and competitive solutions. Hitachi Rail tested to be the first battery-powered tram which entails other electrified infrastructure.
However, the excessive infrastructure cost and government initiatives and allowance required for the speedy train networks in developing nations such as China, India, Indonesia, and Mexico. For instance, in Nov 2020, the high-speed bullet train project connecting Mumbai, Maharashtra to Ahmadabad Gujarat, India, is facing issues because of factors like delaying land acquisitions, legal and environmental obstacles. All these aspects are hampering the train battery market share
Train Battery Market Segmentation:
Segmentation by Type
- Lithium Ion Battery
- Lead Acid Battery
- Nickel Cadmium Battery
Segmentation by Application
- Hybrid Train
- Autonomous Train
- Fully-Battery Operated Trai
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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