Market Overview:
The global hybrid locomotive lighting batteries market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for hybrid locomotives from various end-use industries. Lead-acid battery type is expected to account for a major share of the global hybrid locomotive lighting batteries market during the forecast period. This can be attributed to its low cost and easy availability as compared with other types of batteries. Lithium ion battery type is anticipated to grow at a high rate during the forecast period owing to its high energy density, long life cycle, and environmental friendliness.
Product Definition:
Hybrid locomotive lighting batteries are used to power the headlights, taillights and other exterior lights on a hybrid locomotive. They are typically lead-acid batteries, but can also be nickel-cadmium or nickel-metal-hydride batteries. The importance of these batteries is that they provide power to the locomotive's lights, which allow it to be seen by other drivers and pedestrians in low light conditions.
Lead-Acid Battery:
Lead-acid batteries are the most commonly used batteries across the globe. They are economical, have a high power to weight ratio and can be recycled. The major advantage of lead-acid battery is that it can be manufactured in almost every country around the world, unlike other types of rechargeable batteries which are only produced in certain countries such as Japan and China.
Lithium Ion:
Lithium-ion (Li-ion) is a type of rechargeable battery, which is extensively used in portable electronic devices such as laptops and mobile phones. It also finds application in hybrid locomotive lighting batteries market owing to several benefits offered by it such as high energy density, low self-discharge rate, lightweight and high charge acceptance ratio.
Application Insights:
OEMs such as Siemens, ABB and Alstom produce locomotive lighting batteries for various applications. These batteries are used in the locomotive as well as in the tender of a train. The OEM segment held around 70% share of the global revenue in 2017 owing to extensive product portfolio, wide distribution channels and strong manufacturing base close to railway networks worldwide.
The aftermarket is expected to grow at a significant rate over the forecast period due to rising disposable income among consumers globally coupled with increasing awareness regarding safety issues related to battery-operated toys & appliances that kids play with on a daily basis. Rising demand for LED products has resulted in an increased usage of these products across all application segments including OEMs, middle-class housing, commercial buildings and public infrastructure which include shopping malls/expositions/malls complexes, corporate offices, government centers etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a revenue share of more than 30% in 2017 and is anticipated to continue its dominance over the next seven years. This can be attributed to increasing investments in railway infrastructure development by China, India, Japan, South Korea and Taiwan among others. Moreover, rising demand for electric vehicles owing to stringent government regulations will drive industry growth further.
Europe was valued at USD X million in 2017 as it has been one of the most influential markets across all other regions due to high product adoption rates coupled with technological advancements such as LED lighting systems and energy-efficient locomotive designs implemented by major manufacturers including Siemens AG; Alstom SA; Bombardier Inc.; General Electric Co.; CAF Group S.A.; Hyundai Rotem Busan Corp.
Growth Factors:
- Increasing demand for hybrid locomotives from the transportation sector
- Growing awareness about the benefits of using hybrid locomotives
- Proliferation of electric vehicles and hybrids across different industries
- Stringent government regulations to promote the use of hybrid locomotives
- Technological advancements in battery systems that improve performance and lifespan
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Locomotive Lighting Batteries Market Research Report
By Type
Lead-Acid Battery, Lithium Ion, Nickel Cadmium
By Application
OEM, Aftermarket
By Companies
EXIDE INDUSTRIES LTD, Hunan YUTONG mining equipment, Microtex Energy Private Limited, ENERSYS, Storage Battery Systems, Amara Raja Batteries, Toshiba Corporation, Hitachi Chemical, HOPPECKE Batterien, Saft Groupe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Locomotive Lighting Batteries Market Report Segments:
The global Hybrid Locomotive Lighting Batteries market is segmented on the basis of:
Types
Lead-Acid Battery, Lithium Ion, Nickel Cadmium
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EXIDE INDUSTRIES LTD
- Hunan YUTONG mining equipment
- Microtex Energy Private Limited
- ENERSYS
- Storage Battery Systems
- Amara Raja Batteries
- Toshiba Corporation
- Hitachi Chemical
- HOPPECKE Batterien
- Saft Groupe
Highlights of The Hybrid Locomotive Lighting Batteries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lead-Acid Battery
- Lithium Ion
- Nickel Cadmium
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hybrid Locomotive Lighting Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hybrid locomotive lighting batteries are a type of lead-acid battery that uses both nickel-cadmium and lithium ion cells. This allows the battery to have a longer life and greater energy storage than either type of cell by itself.
Some of the key players operating in the hybrid locomotive lighting batteries market are EXIDE INDUSTRIES LTD, Hunan YUTONG mining equipment, Microtex Energy Private Limited, ENERSYS, Storage Battery Systems, Amara Raja Batteries, Toshiba Corporation, Hitachi Chemical, HOPPECKE Batterien, Saft Groupe.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid Locomotive Lighting Batteries Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hybrid Locomotive Lighting Batteries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hybrid Locomotive Lighting Batteries Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hybrid Locomotive Lighting Batteries Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hybrid Locomotive Lighting Batteries Market Size & Forecast, 2018-2028
4.5.1 Hybrid Locomotive Lighting Batteries Market Size and Y-o-Y Growth
4.5.2 Hybrid Locomotive Lighting Batteries Market Absolute $ Opportunity
Chapter 5 Global Hybrid Locomotive Lighting Batteries Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hybrid Locomotive Lighting Batteries Market Size Forecast by Type
5.2.1 Lead-Acid Battery
5.2.2 Lithium Ion
5.2.3 Nickel Cadmium
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hybrid Locomotive Lighting Batteries Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hybrid Locomotive Lighting Batteries Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hybrid Locomotive Lighting Batteries Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hybrid Locomotive Lighting Batteries Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hybrid Locomotive Lighting Batteries Analysis and Forecast
9.1 Introduction
9.2 North America Hybrid Locomotive Lighting Batteries Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hybrid Locomotive Lighting Batteries Market Size Forecast by Type
9.6.1 Lead-Acid Battery
9.6.2 Lithium Ion
9.6.3 Nickel Cadmium
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hybrid Locomotive Lighting Batteries Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hybrid Locomotive Lighting Batteries Analysis and Forecast
10.1 Introduction
10.2 Europe Hybrid Locomotive Lighting Batteries Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hybrid Locomotive Lighting Batteries Market Size Forecast by Type
10.6.1 Lead-Acid Battery
10.6.2 Lithium Ion
10.6.3 Nickel Cadmium
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hybrid Locomotive Lighting Batteries Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hybrid Locomotive Lighting Batteries Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hybrid Locomotive Lighting Batteries Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hybrid Locomotive Lighting Batteries Market Size Forecast by Type
11.6.1 Lead-Acid Battery
11.6.2 Lithium Ion
11.6.3 Nickel Cadmium
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hybrid Locomotive Lighting Batteries Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hybrid Locomotive Lighting Batteries Analysis and Forecast
12.1 Introduction
12.2 Latin America Hybrid Locomotive Lighting Batteries Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hybrid Locomotive Lighting Batteries Market Size Forecast by Type
12.6.1 Lead-Acid Battery
12.6.2 Lithium Ion
12.6.3 Nickel Cadmium
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hybrid Locomotive Lighting Batteries Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hybrid Locomotive Lighting Batteries Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hybrid Locomotive Lighting Batteries Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hybrid Locomotive Lighting Batteries Market Size Forecast by Type
13.6.1 Lead-Acid Battery
13.6.2 Lithium Ion
13.6.3 Nickel Cadmium
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hybrid Locomotive Lighting Batteries Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hybrid Locomotive Lighting Batteries Market: Competitive Dashboard
14.2 Global Hybrid Locomotive Lighting Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EXIDE INDUSTRIES LTD
14.3.2 Hunan YUTONG mining equipment
14.3.3 Microtex Energy Private Limited
14.3.4 ENERSYS
14.3.5 Storage Battery Systems
14.3.6 Amara Raja Batteries
14.3.7 Toshiba Corporation
14.3.8 Hitachi Chemical
14.3.9 HOPPECKE Batterien
14.3.10 Saft Groupe
