Train Battery Market by Type & Technology (Lead-acid Tubular, VRLA, Conventional; Ni-Cd Sinter, Fiber, Pocket, & Li-ion; LFP, LTO), Advanced Train (Fully Battery-Operated and Hybrid), Rolling Stock Type, Application and Region - Global Forecast to 2030
By Battery Type, Battery Technology, Application, engines/head, application, advanced train type, aftermarket by rolling stock, aftermarket by battery type, application, and region, and OE by Region
Regions covered
Asia Pacific, Europe, North America, and the Rest of the World
The train battery market is projected to grow from USD 277 Million in 2023 to USD 378 Million by 2030, at a CAGR of 4.6% from 2023 to 2030. The train battery market is primarily driven by factors such as rapid urbanization and the growing expansion of railway networks. Along with these factors, the swiftness of rail travel and low operational cost compared to other modes of transport are driving governments all over the globe to invest in urban rail infrastructure. The growing expansion of rail networks is expected to create a demand for energy storage systems.
As of 2021, Urban Transport Trends and Prospects (UTTP) indicates that there is a total operational network of light rails and trams spanning 15,824 kilometers. Most of these networks are situated in Europe, accounting for 58% of the total, while Eurasia constitutes 22%. Notably, several European countries, including Finland, the UK, and Switzerland, are actively focusing on expanding their light rail networks. For instance, in 2021, the UK government approved the extension of the Blackpool Tram. Additionally, the increasing development of metro projects is contributing to the rising demand for batteries in metro systems. As an example, in December 2022, the Russian government initiated the construction of the 70-km Moscow Big Circle Line metro project, with a total cost of USD 6.8 billion. Consequently, the growth of light rail and tram networks, coupled with the growing adoption of metro systems for urban transit, is expected to fuel the utilization of batteries in these modes of transportation in the upcoming years.
"The Auxiliary Batteries are expected to account for the largest market share in 2023."
The auxiliary battery systems provide backup to all essential train systems, such as emergency lighting and ventilation. Auxiliary batteries also offer safety to the train without output failure and train separation incidents. Additionally, the increase in the demand for high-speed trains is leading to the high demand for advanced features such as emergency braking, tilting systems, etc. VRLA technology holds the largest share in the train battery market due to its technical benefits such as maintenance-free operation, no periodic water filling requirement, fast charging capability, and heat & shock resistance, and is mainly preferred for auxiliary functions in railways. However, the high energy density, good low-temperature performance, and good cycle life means can be recharged more times than VRLA batteries. Hence, considering these benefits of Ni-cd batteries, the demand for VRLA batteries in railways will be impacted gradually. Moreover, the latest rolling stocks have been implementing advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), deep learning, and driver advisory systems (DAS) to improve efficiency and enhance the passenger experience. Improvements in resource planning, passenger experience, and decision-making, along with the optimization of field equipment such as ACs, heaters, braking systems, and other onboard appliances, are expected to increase the adoption rate of train batteries for these auxiliary systems.
"Passenger Coaches will dominate the train battery market during the forecast period."
Passenger coaches are railroad cars designed to carry passengers. Modern passenger coaches require auxiliary batteries for functions such as reading lights, bathroom lights, vestibule lights, door lights, emergency lights, HVACs, fans, screens, Wi-Fi, and ceiling lights. These functions depend upon the types of coaches, such as AC and non-AC coaches. In developed countries, coaches have automated doors, infotainment systems, and passenger information systems. These added features are powered through battery power packs. The battery capacity for AC coaches is higher compared to non-AC passenger coaches. Typically, the voltage capacity requirement for passenger capacity is 108V to 120V. Batteries installed in passenger coaches are used for auxiliary power backup. Based on the capacity and power output of the passenger coach, the manufacturer decides the battery chemistry. With increased travel demand, environmental concerns, government investments, improved passenger amenities, safety and reliability, high-speed rail development, intermodal connectivity, and reduced congestion, the need for passenger coaches and train batteries would grow parallelly in the coming years.
"Asia Pacific is expected to account for the largest aftermarket share in 2022."
The Asia Pacific region has the world's most extensive railway network and holds the top spot in the global count of rolling stock. Furthermore, it stands as the world's largest producer of rolling stock. This geographical concentration of major rolling stock manufacturers has notably driven the demand for train batteries.
Moreover, with the widespread urban rail network expansion and the presence of international train battery manufacturers in the region, an anticipated rise in demand is foreseen. This is further compounded by the escalating number of passengers, which will necessitate increased utilization of train batteries to enhance the overall travel experience. Rail network electrification, emission regulations, and advancements in battery technologies are expected to drive train battery aftermarket in Asia Pacific. The growing diesel engine retrofitting and refurbishment at a year-on-year rate of 5%. Further, trains operating in the Asia Pacific region are at high temperatures compared to Europe and North America due to which battery lifespan in the Asia Pacific region is less, thus the demand for battery replacement is high.
Breakdown of Primaries
In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
By Company Type: Supply Side- 60%, Demand -Side- 20%, and Others - 20%
By Designation: C Level Executives - 20%, Directors/ Vice Presidents-30%, and Others -50%
By Region: North America - 20%, Asia Pacific- 40%, Europe - 30%, and Rest of the World - 10%
The train battery market comprises major manufacturers such as EnerSys (US), Exide Industries (India), Saft (France), Amara Raja Batteries (India), GS Yuasa Corporation (Japan), and HOPPECKE Batterien GmbH & Co.KG.
Reasearch Coverage
The study segments the train battery market and forecasts the market size based on by Application & by Battery type Starter (Lead-Acid, Nickel-Cadmium, Lithium-ion) and Auxiliary (Lead-Acid, Nickel-Cadmium, Lithium-ion, By Battery Type & Battery Technology Lead-Acid Battery (Conventional Lead Acid Battery, Valve Regulated Lead Acid Battery, Gel Tubular Lead Acid Battery) Nickel-Cadmium Battery (Sinter/PNE Ni-Cd Battery, Pocket Plate Ni-Cd Battery, Fiber/PNE Ni-Cd Battery) Lithium-ion Battery (Lithium Iron Phosphate (LFP), Lithium Titanate Oxide (LTO), and Others), By Engines/Head (Diesel Locomotives, Diesel Multiple Units (DMUs), Electric Locomotives, and Electric Multiple Units (EMUs), By Application (Metros, High-speed Trains, Light Trains/Trams/ Monorails, Passenger Coaches), By Advanced Train Type (Battery-Powered Train, and Hybrid Trains), Aftermarket by Rolling Stock (Locomotives, Multiple Units, Passenger Coaches), Aftermarket By Battery Type (lead-Acid, Nickel-Cadmium, Lithium-Ion), Aftermarket by application (starter battery, and auxiliary function battery), Aftermarket by region (Asia Pacific, Europe, and North America), and OE by region (Asia Pacific, Europe, North America and Rest of the World).
Key Benefits of Buying the Report:
This report provides insights concerning the following points:
Country-level battery type-wise market: The report offers in-depth market sizing and forecasts for 2030 by battery types, such as lead-acid, nickel-cadmium, and lithium-ion. The market sizing for the train battery market is covered at the country and regional levels considered in this study.
By Application & battery type: The report offers in-depth market sizing and forecasts up to 2030 by applications, such as starter and auxiliary-in-depth analysis of different battery types used in Starter and Auxiliary Applications at the regional level.
Battery Type, by Battery Technology: The report offers in-depth market sizing and forecasts up to 2030 by battery type, such as lead-acid, nickel-cadmium, and lithium-ion. The report provides market sizing and forecasting till 2030 by battery technology under different battery types such as lead acid battery type (conventional lead-acid, Valve regulated lead-acid, and gel tubular lead-acid battery), Nickel-cadmium (Sinter/PNE Ni-Cd, Pocket Plate Ni-Cd, and Fiber/Pne Ni-Cd), and Lithium-ion (lithium iron phosphate (LFP), Lithium Titanate Oxide)
The report provides the "Market Share" of the leading train battery market players.
Market Development: The report provides comprehensive information about lucrative emerging markets across regions for the train battery market.
Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the train battery market.
Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the train battery market.
The report provides insights on the following pointers:
Analysis of key drivers (Growth in adoption of autonomous and high-speed railways, Emission regulations to increase demand for energy-efficient transportation systems, and Expansion of railway networks), Restraints (High capital investment and operating cost of high-speed rail networks), Opportunities (Expansion of IOT, AI, and DAS Technologies, Improvements in Battery Technology, Retrofitting of Diesel-electric trains), Challenges (Technical Challenges related to lead-acid and lithium-ion batteries, High cost of charging infrastructure and replacement).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the train battery market.
Market Development: Comprehensive information about lucrative markets - the report analyses the train battery market across different regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the train battery market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like EnerSys (US), Exide Industries (India), Saft (France), Amara Raja Batteries (India), GS Yuasa Corporation (Japan), and HOPPECKE Batterien GmbH & Co.KG. in the train battery market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 1 SEGMENT-WISE INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 MARKETS COVERED
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 2 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 RESEARCH DESIGN
FIGURE 3 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources to estimate base numbers and market size (Locomotive & Rolling Stock)
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 Sampling techniques and data collection methods
2.1.3 PRIMARY PARTICIPANTS
2.2 MARKET SIZE ESTIMATION
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH: TRAIN BATTERY MARKET, BY BATTERY TYPE AND ROLLING STOCK
FIGURE 6 BOTTOM-UP APPROACH, BY BATTERY TYPE AND ROLLING STOCK
2.2.2 TOP-DOWN APPROACH: TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY
FIGURE 7 TOP-DOWN APPROACH, BY BATTERY TECHNOLOGY
2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.4 FACTOR ANALYSIS
2.5 RECESSION IMPACT
2.6 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.7 RISKS AND ASSUMPTIONS
2.7.1 RESEARCH ASSUMPTIONS
2.7.2 MARKET ASSUMPTIONS
TABLE 3 MARKET ASSUMPTIONS: NUMBER OF BATTERIES COUNT IN EACH ROLLING STOCK
TABLE 4 MARKET ASSUMPTIONS: NUMBER OF BATTERIES COUNT IN ADVANCED TRAINS
TABLE 5 MARKET ASSUMPTIONS AND RISK ANALYSIS
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
3.1 REPORT SUMMARY
FIGURE 9 TRAIN BATTERY MARKET OUTLOOK
FIGURE 10 TRAIN BATTERY MARKET, BY REGION, 2023 VS. 2030 (USD MILLION)
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TRAIN BATTERY MARKET
FIGURE 11 DEVELOPMENT OF HIGH-SPEED TRAINS AND EXPANSION OF URBAN RAIL NETWORKS TO DRIVE MARKET
4.2 TRAIN BATTERY MARKET, BY BATTERY TYPE
FIGURE 12 NICKEL-CADMIUM BATTERIES SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
4.3 TRAIN BATTERY MARKET, BY APPLICATION
FIGURE 13 AUXILIARY BATTERIES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.4 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY
FIGURE 14 SINTER/PNE NI-CD SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.5 TRAIN BATTERY MARKET, BY ENGINE/HEAD
FIGURE 15 ELECTRIC LOCOMOTIVES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.6 TRAIN BATTERY MARKET, BY RAILWAY APPLICATION
FIGURE 16 PASSENGER COACHES SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
4.7 TRAIN BATTERY MARKET, BY ADVANCED TRAIN TYPE
FIGURE 17 FULLY BATTERY-OPERATED TRAINS SEGMENT TO WITNESS HIGHER CAGR THAN HYBRID TRAINS SEGMENT DURING FORECAST PERIOD
4.8 TRAIN BATTERY AFTERMARKET, BY ROLLING STOCK
FIGURE 18 COACHES SEGMENT TO LEAD AFTERMARKET DURING FORECAST PERIOD
4.9 TRAIN BATTERY AFTERMARKET, BY BATTERY TYPE
FIGURE 19 LEAD-ACID BATTERIES SEGMENT TO HOLD LARGER MARKET SHARE THAN NICKEL-CADMIUM BATTERIES SEGMENT DURING FORECAST PERIOD
4.10 TRAIN BATTERY AFTERMARKET, BY APPLICATION
FIGURE 20 AUXILIARY BATTERIES SEGMENT TO REGISTER HIGHER CAGR THAN STARTER BATTERIES SEGMENT DURING FORECAST PERIOD
4.11 TRAIN BATTERY AFTERMARKET, BY REGION
FIGURE 21 ASIA PACIFIC TO LEAD AFTERMARKET DURING FORECAST PERIOD
4.12 TRAIN BATTERY MARKET, BY REGION
FIGURE 22 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 TRAIN BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing adoption of autonomous and high-speed railways
FIGURE 24 LENGTH OF HIGH-SPEED RAIL LINES IN OPERATION, BY REGION, 2022
TABLE 6 GRADE OF RAIL AUTOMATION
TABLE 7 LIST OF SEMI-AUTONOMOUS AND AUTONOMOUS METROS
FIGURE 25 EVOLUTION OF GOA4 INFRASTRUCTURE, 2012-2020
5.2.1.2 Stringent emission regulations
FIGURE 26 TOTAL COST OF OWNERSHIP COMPARISON FOR AVERAGE US CLASS I LINE-HAUL ELECTRIC AND DIESEL FREIGHT LOCOMOTIVES, 2001-2021
TABLE 8 RECENT DEVELOPMENTS IN BATTERY OR HYDROGEN FUEL CELL-BASED LOCOMOTIVES
5.2.1.3 Expansion of railway networks
TABLE 9 UPCOMING KEY RAIL PROJECTS, BY COUNTRY
5.2.2 RESTRAINTS
5.2.2.1 High capital investment and operating cost of high-speed rail networks
5.2.3 OPPORTUNITIES
5.2.3.1 Expansion of IoT, AI, and DAS technologies
5.2.3.2 Improvements in battery technology
5.2.3.3 Retrofitting of diesel-electric trains
5.2.4 CHALLENGES
5.2.4.1 Technical challenges related to lead-acid and lithium-ion batteries
FIGURE 27 BATTERY CHEMISTRY COMPARISON
5.2.4.2 High cost of charging infrastructure and replacement
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 MARKET ECOSYSTEM
FIGURE 28 TRAIN BATTERY MARKET ECOSYSTEM
5.4.1 TRAIN BATTERY MANUFACTURERS
5.4.2 COMPONENT/RAW MATERIAL SUPPLIERS
5.4.3 TRAIN OEMS
5.4.4 GOVERNMENT AND REGULATORY AUTHORITIES
FIGURE 29 TRAIN BATTERY MARKET SEGMENT ECOSYSTEM
5.4.5 DEALERS AND DISTRIBUTORS
5.4.6 SERVICE & REPAIR PROVIDERS
TABLE 10 TRAIN BATTERY MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.5 VALUE CHAIN ANALYSIS
FIGURE 30 TRAIN BATTERY MARKET: VALUE CHAIN ANALYSIS
TABLE 312 FIRST NATIONAL BATTERY: COMPANY OVERVIEW
17.1.9 POWER & INDUSTRIAL BATTERY SYSTEMS GMBH
TABLE 313 POWER & INDUSTRIAL BATTERY SYSTEMS GMBH: COMPANY OVERVIEW
17.1.10 EXIDE TECHNOLOGIES
TABLE 314 EXIDE TECHNOLOGIES: COMPANY OVERVIEW
17.1.11 TOSHIBA CORPORATION
TABLE 315 TOSHIBA CORPORATION: COMPANY OVERVIEW
FIGURE 56 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 316 TOSHIBA CORPORATION: PRODUCT LAUNCHES
TABLE 317 TOSHIBA CORPORATION: DEALS
TABLE 318 TOSHIBA CORPORATION: OTHERS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
17.2 OTHER PLAYERS
17.2.1 EAST PENN MANUFACTURING COMPANY
TABLE 319 EAST PENN MANUFACTURING COMPANY: COMPANY OVERVIEW
17.2.2 MICROTEX ENERGY PRIVATE LIMITED
TABLE 320 MICROTEX ENERGY PRIVATE LIMITED: COMPANY OVERVIEW
17.2.3 AEG POWER SOLUTIONS
TABLE 321 AEG POWER SOLUTIONS: COMPANY OVERVIEW
17.2.4 FURUKAWA ELECTRIC CO., LTD.
TABLE 322 FURUKAWA ELECTRIC CO., LTD.: COMPANY OVERVIEW
17.2.5 HUNAN FENGRI POWER & ELECTRIC CO., LTD.
TABLE 323 HUNAN FENGRI POWER & ELECTRIC CO., LTD.: COMPANY OVERVIEW
17.2.6 SHUANGDENG GROUP CO., LTD.
TABLE 324 SHUANGDENG GROUP CO., LTD.: COMPANY OVERVIEW
17.2.7 COSLIGHT INDIA
TABLE 325 COSLIGHT INDIA: COMPANY OVERVIEW
17.2.8 SHIELD BATTERIES LIMITED
TABLE 326 SHIELD BATTERIES LIMITED: COMPANY OVERVIEW
17.2.9 AKASOL AG
TABLE 327 AKASOL AG: COMPANY OVERVIEW
17.2.10 DMS TECHNOLOGIES
TABLE 328 DMS TECHNOLOGIES: COMPANY OVERVIEW
17.2.11 NATIONAL RAILWAY SUPPLY
TABLE 329 NATIONAL RAILWAY SUPPLY: COMPANY OVERVIEW
17.2.12 LECLANCHE SA
TABLE 330 LECLANCHE SA: COMPANY OVERVIEW
17.2.13 ECOBAT
TABLE 331 ECOBAT: COMPANY OVERVIEW
17.2.14 HBL BATTERIES
TABLE 332 HBL BATTERIES: COMPANY OVERVIEW
17.2.15 STAR BATTERY LTD.
TABLE 333 STAR BATTERY LTD.: COMPANY OVERVIEW
17.2.16 HITACHI, LTD.
TABLE 334 HITACHI, LTD.: COMPANY OVERVIEW
18 RECOMMENDATIONS FROM MARKETSANDMARKETS
18.1 ASIA PACIFIC: POTENTIAL MARKET FOR TRAIN BATTERY MANUFACTURERS TO FOCUS ON
18.2 COST-EFFECTIVE BATTERY TECHNOLOGIES WITH HIGH ENERGY DENSITY: NEED OF FUTURE