Market Overview:
The global railway li-ion battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for autonomous and hybrid railways. The LFP battery segment is expected to dominate the global railway li-ion battery market during the forecast period, owing to its high energy density and long life cycle. In terms of application, the autonomous railway segment is projected to account for a major share of the global railway li-ion battery market during the forecast period. North America is estimated to be one of the leading markets for railway li-ion batteries in terms of revenue by 2030.
Product Definition:
Railway Li-ion Battery is a battery that is used in railway applications. It is important for railway applications because it can provide power to the trains and help them run smoothly.
LFP Battery:
LFP battery is a new technology in the market and has been designed to overcome some of the limitations faced by other batteries. It offers higher energy density, improved safety, greater reliability and longer life cycle among other advantages. The technology is still at its nascent stage; however, it has been receiving significant attention from manufacturers across various industry verticals owing to its potential applications in electric vehicles (EV), stationary storage systems for wind & solar power generation as well as railway traction systems among others.
Li-NMC Battery:
Li-NMC (Lithium NMC) battery is a next-generation energy storage technology that offers high energy density, safety, and long life. It utilizes the latest Li-ion technology with no liquid electrolyte and is therefore safe to handle & transport. The key feature of this battery is its ability to provide safe & reliable power in any environment without the need for cooling systems or maintenance equipment.
Application Insights:
The autonomous railway segment dominated the global railway li-ion battery market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing government funding for the development of high-speed railways and conventional railways, coupled with rising demand from automotive manufacturers for electric vehicles.
Hybrid railway is projected to be the fastest growing application segment over the forecast period owing to increased use of batteries as a source of energy for regenerative braking and traction motors. Regenerative braking uses a portion of an train¢â‚¬â„¢s momentum to provide electricity instead of simply relying on friction from wheels against rails, which would otherwise produce waste heat that could damage trains or boilers. Batteries are used as part double decker buses as well single decker buses where they are installed near each door so that it can be charged during day time when vehicle isn't running.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Panasonic Corporation, Samsung Electro-Mechanics Co., Ltd., LG Chem Energy Storage Inc. has resulted in high demand for batteries across this region. Increasing investments by governments to develop smart cities are also driving regional growth.
Europe was the second largest regional market in 2017 owing to increasing demand from hybrid railways due to growing passenger traffic on account of various factors such as economic growth & development, population shift towards urban areas along with rising adoption of rail travel for commutation purposes etc.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Government initiatives for promoting the use of electric vehicles
- Rising demand from the railways sector
- Technological advancements in railway li-ion battery systems
- Growing awareness about the benefits of using railway li-ion batteries
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Li-ion Battery Market Research Report
By Type
LFP Battery, Li-NMC Battery
By Application
Autonomous Railway, Hybrid Railway
By Companies
Saft Batteries, Hoppecke, GS Yuasa, Toshiba, Hitachi, Leclanché, AKASOL AG, Kokam
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Railway Li-ion Battery Market Report Segments:
The global Railway Li-ion Battery market is segmented on the basis of:
Types
LFP Battery, Li-NMC Battery
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
Autonomous Railway, Hybrid Railway
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:
- Saft Batteries
- Hoppecke
- GS Yuasa
- Toshiba
- Hitachi
- Leclanché
- AKASOL AG
- Kokam
Highlights of The Railway Li-ion Battery 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:
- LFP Battery
- Li-NMC Battery
- By Application:
- Autonomous Railway
- Hybrid Railway
- 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 Railway Li-ion Battery 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?
Railway li-ion battery is a type of rechargeable battery that is used in electric trains and other electrically powered vehicles. It was developed by Japanese company NEC Corporation in the early 2000s, and has since become the most common type of electric vehicle battery.
Some of the major players in the railway li-ion battery market are Saft Batteries, Hoppecke, GS Yuasa, Toshiba, Hitachi, Leclanch©, AKASOL AG, Kokam.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Li-ion Battery 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 Railway Li-ion Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Li-ion Battery 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 Railway Li-ion Battery 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 Railway Li-ion Battery Market Size & Forecast, 2020-2028
4.5.1 Railway Li-ion Battery Market Size and Y-o-Y Growth
4.5.2 Railway Li-ion Battery Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 LFP Battery
5.2.2 Li-NMC Battery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Autonomous Railway
6.2.2 Hybrid Railway
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Li-ion Battery 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 Railway Li-ion Battery 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 LFP Battery
9.6.2 Li-NMC Battery
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 Market Size Forecast by Applications
9.10.1 Autonomous Railway
9.10.2 Hybrid Railway
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 LFP Battery
10.6.2 Li-NMC Battery
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 Market Size Forecast by Applications
10.10.1 Autonomous Railway
10.10.2 Hybrid Railway
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 LFP Battery
11.6.2 Li-NMC Battery
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 Market Size Forecast by Applications
11.10.1 Autonomous Railway
11.10.2 Hybrid Railway
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 LFP Battery
12.6.2 Li-NMC Battery
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 Market Size Forecast by Applications
12.10.1 Autonomous Railway
12.10.2 Hybrid Railway
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 LFP Battery
13.6.2 Li-NMC Battery
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) Market Size Forecast by Applications
13.10.1 Autonomous Railway
13.10.2 Hybrid Railway
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 Railway Li-ion Battery Market: Competitive Dashboard
14.2 Global Railway Li-ion Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saft Batteries
14.3.2 Hoppecke
14.3.3 GS Yuasa
14.3.4 Toshiba
14.3.5 Hitachi
14.3.6 Leclanché
14.3.7 AKASOL AG
14.3.8 Kokam
