Market Overview:
The global railway lithium battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for autonomous and hybrid railways. In terms of type, the LFP battery segment is expected to lead the global railway lithium battery market during the forecast period. This can be attributed to its high capacity and long life cycle. In terms of application, the autonomous railway segment is projected to lead the global railway lithium battery market during 2018-2030.
Product Definition:
A Railway Lithium Battery is a type of battery used on railway rolling stock. It is usually a lead-acid battery, but may also be nickel-cadmium, nickel-metal hydride or lithium ion.
LFP Battery:
LFP battery is a lithium-ion battery used in electric vehicles and railways. It has gained significant importance owing to its ability to offer high energy density, lightweight, safety & environmental compliance and long life cycle. The growing demand for Electric Vehicles (EVs) on account of stringent government regulations coupled with rising awareness regarding environment protection is expected to drive the market over the forecast period.
Li-NMC Battery:
Li-NMC battery is a rechargeable lithium metal battery used in railway vehicles including locomotives, railcars and passenger cars. It has the ability to deliver high currents for short periods at low temperatures making it suitable for use in applications where starting capacity is of prime importance. The product can be charged with the help of an external power supply or through regenerative braking using energy recuperation systems installed on trains and locomotive engines.
Application Insights:
The hybrid railway segment accounted for the largest revenue share in 2017 and is expected to witness significant growth over the forecast period. The segment includes both diesel and electric railways. Hybrid railways use batteries to supplement their power supply during nights, weekends, and holidays. This approach helps reduce carbon emissions significantly as compared to diesel-powered trains.
Autonomous railway application is projected register notable growth over the forecast period owing to increased government funding for research & development on rail automation systems that utilize Li-ion batteries as a source of energy for locomotives or multiple units.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing lithium battery demand from various applications, such as hybrid & electric trains, autonomous trains, trams & urban buses. China is a major consumer and producer of these batteries globally owing to low production costs coupled with easy availability of raw materials.
Europe was the second-largest regional market in 2017 owing to high demand for energy-efficient products from countries including Germany, U.K., France among others.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for railway lithium batteries as they are used in these vehicles.
- Government initiatives and regulations: Governments across the globe are promoting the use of electric vehicles by introducing various incentives and regulations. This is expected to drive the growth of the railway lithium battery market during the forecast period.
- Development of advanced technologies: The development of advanced technologies such as solid-state batteries is expected to fuel the growth ofthe railway lithium battery market duringthe forecastperiod .These batteries are lighter, have a longer life, and can be charged quickly, making them ideal for use in electric vehicles including railways cars .
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Lithium Battery Market Research Report
By Type
LFP Battery, Li-NMC Battery, Others
By Application
Autonomous Railway, Hybrid Railway
By Companies
Saft Batteries, Hoppecke, GS Yuasa, Toshiba, Hitachi, Leclanché, AKASOL AG, Kokam, Saft Batteries
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Railway Lithium Battery Market Report Segments:
The global Railway Lithium Battery market is segmented on the basis of:
Types
LFP Battery, Li-NMC Battery, Others
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
- Saft Batteries
Highlights of The Railway Lithium 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
- Others
- 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 Lithium 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 lithium battery is a type of rechargeable lithium ion battery used in electric trains and other electrically powered vehicles.
Some of the major companies in the railway lithium battery market are Saft Batteries, Hoppecke, GS Yuasa, Toshiba, Hitachi, Leclanch©, AKASOL AG, Kokam, Saft Batteries.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Lithium 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 Lithium Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Lithium 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 Lithium 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 Lithium Battery Market Size & Forecast, 2018-2028
4.5.1 Railway Lithium Battery Market Size and Y-o-Y Growth
4.5.2 Railway Lithium Battery Market Absolute $ Opportunity
Chapter 5 Global Railway Lithium Battery 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 Railway Lithium Battery Market Size Forecast by Type
5.2.1 LFP Battery
5.2.2 Li-NMC Battery
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Railway Lithium Battery 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 Railway Lithium Battery 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 Lithium 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 Lithium 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 Railway Lithium Battery Analysis and Forecast
9.1 Introduction
9.2 North America Railway Lithium Battery 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 Railway Lithium Battery Market Size Forecast by Type
9.6.1 LFP Battery
9.6.2 Li-NMC Battery
9.6.3 Others
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 Railway Lithium Battery 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 Railway Lithium Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Railway Lithium Battery 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 Railway Lithium Battery Market Size Forecast by Type
10.6.1 LFP Battery
10.6.2 Li-NMC Battery
10.6.3 Others
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 Railway Lithium Battery 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 Railway Lithium Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Railway Lithium Battery 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 Railway Lithium Battery Market Size Forecast by Type
11.6.1 LFP Battery
11.6.2 Li-NMC Battery
11.6.3 Others
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 Railway Lithium Battery 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 Railway Lithium Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Railway Lithium Battery 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 Railway Lithium Battery Market Size Forecast by Type
12.6.1 LFP Battery
12.6.2 Li-NMC Battery
12.6.3 Others
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 Railway Lithium Battery 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) Railway Lithium Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Railway Lithium Battery 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) Railway Lithium Battery Market Size Forecast by Type
13.6.1 LFP Battery
13.6.2 Li-NMC Battery
13.6.3 Others
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) Railway Lithium Battery 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 Lithium Battery Market: Competitive Dashboard
14.2 Global Railway Lithium 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
14.3.9 Saft Batteries
