Growth opportunities in the Train Battery Market look promising over the next six years. 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.
Train Battery Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
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.
Application Segment Drivers
Based on the application, hybrid trains are predicted to dominate the market over the forecast period. This is primarily attributed to the increasing employment with a rise in urbanization, globalization, and accelerating population around the globe. For instance, in Jan 2021, the Indian Railways Organization for Alternate Fuels (IROAF), in Jan 2021, called for bids to establish a hydrogen fuel cell-based hybrid power train with retrofit the 700 HP diesel-hydraulic locomotives, which will run from Kalka-Shimla narrow gauge section in Himachal Pradesh, India. Also, in July 2017, the Indian Railways inaugurated a first-of-its-kind solar-powered train with a 1,600 HP battery back-up. Indian Railways Organisation envisioned the battery for Alternate Fuels (IROAF) with the help of elastic solar panels and lithium-ion batteries.
Train Battery Market’s leading Manufacturers:
- 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 Segmentation:
Segmentation by Type
- Lithium Ion Battery
- Lead Acid Battery
- Nickel Cadmium Battery
Segmentation by Application
- Hybrid Train
- Autonomous Train
- Fully-Battery Operated Train
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)
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