Train Battery Market to grow at a CAGR of 5.45% from 2022 to 2027; Implementation of IoT and big data to be a major trend in the market - Technavio

NEW YORK, March 28, 2023 /PRNewswire/ -- The global train battery market size is estimated to grow by USD 179.11 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.45% during the forecast period. Implementation of technologies such as IoT and big data is the leading trend in the train battery market. Railway systems across the globe generate vast volumes of big data, which is crucial for improving passenger safety and the efficiency of station and freight operations with the help of interconnected stakeholders. Operators leverage a big data structure that consists of different components, including cyber-physical systems, IoT, cloud computing, and various other technology stacks to create smart railways. Smart railway networks generate sufficient data from many sources. The data can be used to reduce sudden downtime and improve business planning based on actual and real-time data. Therefore, with the development of the railway industry, the global train market is likely to grow during the forecast period.

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Train Battery Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (auxiliary battery and starter battery), battery type (lead-acid, lithium-ion, and nickel-cadmium), and geography (Europe, APAC, North America, South America, and Middle East and Africa).

• The market share growth of the auxiliary segment will be significant during the forecast period. Auxiliary batteries provide backup to all important train systems, such as ventilation systems and emergency lighting. They offer safety to the train in the absence of output failure and train separation incidents. Moreover, the rising demand for high-speed trains is leading to the high demand for advanced features such as emergency braking and tilting systems. They provide traction for hybrid trains such as tram systems, electric multiple units (EMU), or diesel multiple units (DMU). In the case of fully battery-operated trains, lithium-ion batteries are expected to drive the growth of the market because of their low weight, compact design, and improved performance. 

Geography Overview
By geography, the global train battery market is segmented into Europe, APAC, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global train battery market.

• APAC is estimated to contribute 37% to the growth of the global train battery market during the forecast period. Europe is another region that offers significant growth opportunities to vendors. It accounts for a major share of the global automotive industry. A major part of the growth of the regional train battery market is dependent on the progression of the automotive industry in various EU countries. Stringent government regulations related to vehicle emissions, safety features, and fuel efficiency characterize the automotive industry in the region. The majority of the technological advances in the industry in the region are driven by the rising stringency of emission regulations and safety and fuel efficiency standards of Europe. Increasing government initiatives, along with growing investments in the automotive and industrial sectors, are expected to drive the demand for train batteries in Europe during the forecast period.

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Train Battery Market - Vendor Analysis

Vendor Landscape - The global train battery market is witnessing intense competition due to the presence of several established vendors. Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, AEG Power Solutions BV, Amara Raja Group, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., First National Battery, Furukawa Electric Co. Ltd., HBL Power Systems Ltd., Hitachi Ltd., JFM Engineering Inc., Leclanche SA, Microtex Energy Pvt. Ltd., Saft Groupe SAS, Schaltbau Holding AG, Star Battery Ltd., Stryten Energy, Toshiba Corp., Wisdom Industrial Power Co. Ltd., and GS Yuasa Corp. are some of the major players in the market.

Vendor Offerings - 

• Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - The company offers train batteries that provide power backup to air-conditioned coaches, Non AC (TL), LHB, DEMU Coaches, and signaling systems.
• AEG Power Solutions BV - The company offers train batteries that start from 120Ah to 1,100Ah capacity, both Low Maintenance (LMLA) and Maintenance-Free (VRLA) types. 
• Amara Raja Group - The company offers train batteries that provide uninterrupted power backup support for the never-ending requirement of the railways and provide power backup to air-conditioned coaches.
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Train Battery Market – Market Dynamics
Key factor driving market growth

• The growing popularity of high-speed and autonomous railways is driving the market growth significantly. 
• High-speed and autonomous trains operate using power lines, and these systems consume large amounts of power. 
• Therefore, governments and companies deploy energy-saving and storage systems to increase performance.
• Many railway operators convert braking energy into electricity and store them onboard using regenerative braking techniques. For example, the Delhi Metro in India has successfully implemented this technology.
• Additionally, governments of developing countries invest heavily in the deployment of technology capable of optimizing the operations of autonomous trains. 

Major challenges hindering the market growth

• High investments in initial infrastructure are the key challenge that may impede market growth during the forecast period. 
• Railroads and railway systems are primarily operated and managed by government-owned companies and funded through public budgets. 
• The payback period of such infrastructure development projects is comparatively longer and is characterized by substantial cash inflow, which leads to governments associating with private entities to undertake such infrastructure projects.
• These projects can also be a huge burden for governments with budgetary constraints. Additionally, railway networks undergo quality trials, which means lower operational time and a decline in revenue, which can also lead to traffic congestion issues in railway routes that change.
• Hence, the high initial cost of deployment is expected to hinder the market growth during the forecast period.

Insights on market drivers, trends, & challenges, historic period (2017 to 2021), and forecast period(2023 to 2027) - Request a sample report!

What are the key data covered in this Train Battery Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the train battery market between 2023 and 2027
• Precise estimation of the size of the train battery market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the train battery market across Europe, APAC, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of train battery market vendors

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Table of Contents    

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Battery Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global train battery market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global train battery market 2017 - 2021 ($ million)

• 4.2 Applications Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Applications Segment 2017 - 2021 ($ million)

• 4.3 Battery type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Battery type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Auxiliary battery - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Auxiliary battery - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Auxiliary battery - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Auxiliary battery - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Auxiliary battery - Year-over-year growth 2022-2027 (%)

• 6.4 Starter battery - Market size and forecast 2022-2027
• Exhibit 38: Chart on Starter battery - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Starter battery - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Starter battery - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Starter battery - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Battery Type

• 7.1 Market segments 
• Exhibit 43: Chart on Battery Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Battery Type - Market share 2022-2027 (%)

• 7.2 Comparison by Battery Type 
• Exhibit 45: Chart on Comparison by Battery Type
• Exhibit 46: Data Table on Comparison by Battery Type

• 7.3 Lead-acid - Market size and forecast 2022-2027
• Exhibit 47: Chart on Lead-acid - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Lead-acid - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Lead-acid - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Lead-acid - Year-over-year growth 2022-2027 (%)

• 7.4 Lithium-ion - Market size and forecast 2022-2027
• Exhibit 51: Chart on Lithium-ion - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Lithium-ion - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Lithium-ion - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Lithium-ion - Year-over-year growth 2022-2027 (%)

• 7.5 Nickel cadmium - Market size and forecast 2022-2027
• Exhibit 55: Chart on Nickel cadmium - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Nickel cadmium - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Nickel cadmium - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Nickel cadmium - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Battery Type 
• Exhibit 59: Market opportunity by Battery Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH 
• Exhibit 112: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Overview
• Exhibit 113: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Product / Service
• Exhibit 114: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Key offerings

• 12.4 AEG Power Solutions BV 
• Exhibit 115: AEG Power Solutions BV - Overview
• Exhibit 116: AEG Power Solutions BV - Product / Service
• Exhibit 117: AEG Power Solutions BV - Key offerings

• 12.5 Amara Raja Group 
• Exhibit 118: Amara Raja Group - Overview
• Exhibit 119: Amara Raja Group - Business segments
• Exhibit 120: Amara Raja Group - Key offerings
• Exhibit 121: Amara Raja Group - Segment focus

• 12.6 East Penn Manufacturing Co. Inc. 
• Exhibit 122: East Penn Manufacturing Co. Inc. - Overview
• Exhibit 123: East Penn Manufacturing Co. Inc. - Product / Service
• Exhibit 124: East Penn Manufacturing Co. Inc. - Key news
• Exhibit 125: East Penn Manufacturing Co. Inc. - Key offerings

• 12.7 EnerSys 
• Exhibit 126: EnerSys - Overview
• Exhibit 127: EnerSys - Business segments
• Exhibit 128: EnerSys - Key news
• Exhibit 129: EnerSys - Key offerings
• Exhibit 130: EnerSys - Segment focus

• 12.8 Exide Industries Ltd. 
• Exhibit 131: Exide Industries Ltd. - Overview
• Exhibit 132: Exide Industries Ltd. - Product / Service
• Exhibit 133: Exide Industries Ltd. - Key offerings

• 12.9 Furukawa Electric Co. Ltd. 
• Exhibit 134: Furukawa Electric Co. Ltd. - Overview
• Exhibit 135: Furukawa Electric Co. Ltd. - Business segments
• Exhibit 136: Furukawa Electric Co. Ltd. - Key news
• Exhibit 137: Furukawa Electric Co. Ltd. - Key offerings
• Exhibit 138: Furukawa Electric Co. Ltd. - Segment focus

• 12.10 GS Yuasa Corp. 
• Exhibit 139: GS Yuasa Corp. - Overview
• Exhibit 140: GS Yuasa Corp. - Business segments
• Exhibit 141: GS Yuasa Corp. - Key news
• Exhibit 142: GS Yuasa Corp. - Key offerings
• Exhibit 143: GS Yuasa Corp. - Segment focus

• 12.11 Hitachi Ltd. 
• Exhibit 144: Hitachi Ltd. - Overview
• Exhibit 145: Hitachi Ltd. - Business segments
• Exhibit 146: Hitachi Ltd. - Key news
• Exhibit 147: Hitachi Ltd. - Key offerings
• Exhibit 148: Hitachi Ltd. - Segment focus

• 12.12 JFM Engineering Inc. 
• Exhibit 149: JFM Engineering Inc. - Overview
• Exhibit 150: JFM Engineering Inc. - Product / Service
• Exhibit 151: JFM Engineering Inc. - Key offerings

• 12.13 Leclanche SA 
• Exhibit 152: Leclanche SA - Overview
• Exhibit 153: Leclanche SA - Business segments
• Exhibit 154: Leclanche SA - Key offerings
• Exhibit 155: Leclanche SA - Segment focus

• 12.14 Saft Groupe SAS 
• Exhibit 156: Saft Groupe SAS - Overview
• Exhibit 157: Saft Groupe SAS - Product / Service
• Exhibit 158: Saft Groupe SAS - Key offerings

• 12.15 Stryten Energy 
• Exhibit 159: Stryten Energy - Overview
• Exhibit 160: Stryten Energy - Product / Service
• Exhibit 161: Stryten Energy - Key offerings

• 12.16 Toshiba Corp. 
• Exhibit 162: Toshiba Corp. - Overview
• Exhibit 163: Toshiba Corp. - Business segments
• Exhibit 164: Toshiba Corp. - Key offerings
• Exhibit 165: Toshiba Corp. - Segment focus

• 12.17 Wisdom Industrial Power Co. Ltd. 
• Exhibit 166: Wisdom Industrial Power Co. Ltd. - Overview
• Exhibit 167: Wisdom Industrial Power Co. Ltd. - Product / Service
• Exhibit 168: Wisdom Industrial Power Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 169: Inclusions checklist
• Exhibit 170: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 171: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 172: Research methodology
• Exhibit 173: Validation techniques employed for market sizing
• Exhibit 174: Information sources

• 13.5 List of abbreviations 
• Exhibit 175: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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