Train Battery Market

Train Battery Market registered a revenue of USD 495 million in 2021 and is projected to reach USD 743 million in 2029, growing at a CAGR 5.2% during the forecast period.

 

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global train battery market includes rising demand for faster mode of transportation due to rapid urbanization and expansion of new train tracks with government train deployment projects.  For instance, in 2021, Railway company Canadian Pacific (CP) and Ballard Power Systems (Ballard) manufacturing company have planned to deploy Ballard fuel cell modules through CP’s Hydrogen Locomotive Program. These modules have ability to supply 1.2 MW of electricity for fuelling the locomotive. The programme aimed for developing North America’s first hydrogen-powered line-haul freight locomotive with up gradation of the diesel-powered locomotive with Ballard’s hydrogen fuel cells to power the locomotive’s electric traction motors with the help of battery technology.

Further, rising adoption of the electric train deployment with surge in the government initiatives for green technology globally have impelled the train battery market growth. For instance, in 2018-19, the Ministry of Finance in India aimed to achieve the full electrification of its tracks. Also, in the first quarter of 2020, Rolls-Royce made partnership with Porterbrook in the UK for delivering MTU hybrid drive systems to the UK rail network, pioneers clean, safe and competitive solutions. Also, Hitachi Rail has been successfully tested first battery-powered tram which requires other electrified infrastructure.

Restraint in the Train Battery Market

However, high infrastructure cost and requires government initiatives and funding for adopting the high-speed train networks in various emerging countries like India, China, Mexico, Indonesia, etc. For instance, in Nov, 2020, the high speed bullet train project between Mumbai, Maharashtra to Ahmadabad Gujarat, India is facing problems due to several factors such as slow pace of land acquisitions, legal and environmental hurdles. These factors may hinder the train battery market growth.

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Type – Segment Analysis

Based on the type, lithium ion battery segment is anticipated to witness noteworthy growth during the study period. This is primarily attributed to rising demand for the electric operated metro trains with surge in the deployment of the battery operated trains around the globe.

Application – Segment Analysis

Based on the application, hybrid train projected to have the largest market share over the forecast period in the global train battery market in 2020, owing to rising deployment of the hybrid trains with surge in the globalization, urbanization and growing population around the globe. For instance, in Jan 2021, the Indian Railways Organization for Alternate Fuels (IROAF) has invited bids for developing a hydrogen fuel cell-based hybrid power train with retrofit the 700 HP diesel-hydraulic locomotives which will rub from Kalka-Shimla narrow gauge section in Himachal Pradesh, India. Also, in July, 2017, the Indian Railways launched first-of-its-kind solar-powered train with 1,600 HP battery back-up. The battery has been conceptualized by Indian Railways Organisation for Alternate Fuels (IROAF) with the help of flexible solar panels and lithium-ion batteries.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the global train battery market in 2020 due to presence advanced technology based electric trains with surge in the government initiatives and growing electric train deployments projects across North America. For instance, the California commuter rail line (CalTrain) has been upgraded with high speed rail (VHSR) service which will use electric power. The system has an initial estimated cost of USD 5 Billion with scheduled to be operational by 2022 the United States.

Also, Europe has the highest demand for the train battery market in 2020, this is primarily attributed to increase in battery-electric train procurement projects with government support and initiatives. For instance, May, 2020, MÁV-Start has launched a public procurement procedure with the acquisition of 50 battery-electric trains which can be delivered from 2023 to 2029.

Top Market Players

Various notable players operating in the market includes East Penn Manufacturing Company, Power & Industrial Battery Systems Gmbh, Hoppecke, EnerSys, Toshiba, Saft, Hitachi, Exide Industries, Amara Raja, SEC Battery, Sapien  LLC,  and among others. 

Key Developments:

• • In 2020, Siemens in collaboration with Deutsche Bahn have launched local hydrogen trains trial based on electric railcar Mireo Plus which will be equipped with fuel cells for turning the hydrogen and oxygen into electricity on board, and with a battery.
  • In 2019, EnerSys, one of the leading international battery manufacturers has completed the acquisition NorthStar for USD 182.5 Million. The acquisition will expand the installation of a high-speed production line at one of NorthStar’s two factories in Springfield, Missouri by addition of US $175 Million investment for enhancing the of production capacity.

Segments covered in the Report:

The global train battery market has been segmented on the basis of type, application, and key regions. Based on type, the market is segmented into lithium ion battery, lead acid battery, and nickel cadmium battery. In terms of the application, the train battery market is bifurcated into hybrid train, autonomous train, and fully-battery operated train. 

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Key questions answered in this research report:

• • At what pace is global train battery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Train Battery market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Train Battery market?
  • Which type generated maximum revenues in 2021 and identifies the most promising Type during the forecast period?
  • What are the various application areas of global train battery market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 495 million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	East Penn Manufacturing Company, Power & Industrial Battery Systems Gmbh, Hoppecke, EnerSys, Toshiba, Saft, Hitachi, Exide Industries, Amara Raja, SEC Battery, Sapien  LLC,  and among others; a total of 11 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Train Battery Market by Type

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

Global Train Battery Market by Application

• • Hybrid Train
  • Autonomous Train
  • Fully-Battery Operated Train

Global Train Battery Market by Region

• • North America Train Battery Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Train Battery Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Train Battery Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Train Battery Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Train Battery (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • East Penn Manufacturing Company
  • Power & Industrial Battery Systems Gmbh
  • Hoppecke
  • EnerSys
  • Toshiba
  • Saft
  • Hitachi
  • Exide Industries
  • Amara Raja
  • SEC Battery
  • Sapien LLC