Train Battery Industry Report 2023 - Global Forecast to 2030: Development of High-Speed Trains and Expansion of Urban Rail Networks to Drive Growth

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Feb 15, 2024, 19:30 ET

DUBLIN, Feb. 15, 2024 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.

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 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.

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 they 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.

Premium Insights

Development of High-Speed Trains and Expansion of Urban Rail Networks to Drive Market
Nickel-Cadmium Batteries Segment to Hold Largest Market Share During Forecast Period
Auxiliary Batteries Segment to Register Highest CAGR During Forecast Period
Sinter/Pne Ni-Cd Segment to Lead Market During Forecast Period
Electric Locomotives Segment to Register Highest CAGR During Forecast Period
Passenger Coaches Segment to Hold Largest Market Share During Forecast Period
Fully Battery-Operated Trains Segment to Witness Higher CAGR Than Hybrid Trains Segment During Forecast Period
Coaches Segment to Lead Aftermarket During Forecast Period
Lead-Acid Batteries Segment to Hold Larger Market Share Than Nickel-Cadmium Batteries Segment During Forecast Period
Auxiliary Batteries Segment to Register Higher CAGR Than Starter Batteries Segment During Forecast Period
Asia-Pacific to Lead Aftermarket During Forecast Period
Asia-Pacific Estimated to Account for Largest Market Share in 2023

Case Study Analysis

Project of Septa and Viridity Energy to Increase Operational Efficiency with Less Energy Consumption
Reliable Autonomous Battery Solutions for Harsh Weather from Saft to Vr Group
Emergency Battery System from Saft to Chengdu Metro
Lithium-Ion Battery Solutions from Saft to Alstrom Transport for Different Weather Conditions and High-Vibrating Environments
Development of Hybrid Train for Non-Electrified Subsections of Line
Electrification of Rail Milling Trains for Emission-Free Track Maintenance
Partnership Between Hitachi and Turntide Technologies to Provide More Sustainable Rail Journeys in the UK

Market Dynamics

Drivers

Increasing Adoption of Autonomous and High-Speed Railways
Stringent Emission Regulations
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
Trends and Disruptions Impacting Customer Business

Market Ecosystem

Train Battery Manufacturers
Component/Raw Material Suppliers
Train Oems
Government and Regulatory Authorities
Dealers and Distributors
Service & Repair Providers

Technological Analysis

Mitrac Pulse Traction Batteries
Mrx Nickel Batteries
Solid-State Batteries
Lithium-Sulfur Batteries

Company Profiles

Key Players

Enersys
Saft
Gs Yuasa International Ltd.
Exide Industries Ltd.
Amara Raja Batteries Limited
Hoppecke Batterien GmbH & Co. Kg
Sec Battery
First National Battery
Power & Industrial Battery Systems GmbH
Exide Technologies
Toshiba Corporation

Other Players

East Penn Manufacturing Company
Microtex Energy Private Limited
Aeg Power Solutions
Furukawa Electric Co., Ltd.
Hunan Fengri Power & Electric Co., Ltd.
Shuangdeng Group Co., Ltd.
Coslight India
Shield Batteries Limited
Akasol Ag
Dms Technologies
National Railway Supply
Leclanche Sa
Ecobat
Hbl Batteries
Star Battery Ltd.
Hitachi, Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/1n2bsx

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