Train batteries are usually used for rolling stock or stationary applications. Rolling stocks are used to start locomotive engines, lighting purposes and stationary battery are used to keep emergency backup power for signal towers, railway crossings, and signaling systems. Rising demand for trains with electrification and low maintenance are boosting the train battery market.
MARKET SCOPE
The "Global Train Battery Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of train battery market with detailed market segmentation by technology, application, train type and geography. The report provides key statistics on the market status of the leading train battery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global train battery market is segmented on the basis of battery type, battery technology, application, and train type.
- Based on battery type, the market is segmented lead-acid battery, nickel-cadmium, and lithium-ion.
- On the basis of the battery technology the market is segmented into gel tubular lead-acid battery, valve regulated lead-acid battery, sinter pne nickel-cadmium battery, pocket plate nickel-cadmium battery, and others. Based on application the market is segmented as starter battery and auxiliary battery.
- On the basis of train type the market is segmented as autonomous trains, hybrid locomotive, and fully battery-operated trains.
MARKET DYNAMICS
Drivers:
- Expansion of railway networks .
Restraints:
- High capital investment and operating cost of high-speed rail network.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Train battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Train battery market in these regions.
IMPACT OF COVID-19 ON TRAIN BATTERY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Train battery market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Train battery market market are anticipated to lucrative growth opportunities in the future with the rising demand for Train battery market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Train battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- Enersys
- EXIDE INDUSTRIES LTD
- GS Yuasa International Ltd
- HBL Power Systems Ltd
- Hitachi, Ltd.
- Northstar
- Saft Batteries
- SEC Battery
- THE FURUKAWA BATTERY CO., LTD.