Market Overview:
The global railway traction battery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for hybrid and autonomous railways across the globe. In terms of type, the open lead acid battery segment is expected to hold the largest share of the global railway traction battery market during the forecast period. This can be attributed to its low cost and easy availability as compared to other types of batteries.
Product Definition:
A railway traction battery is a type of lead-acid battery that is used to power the electric locomotive. This type of battery is important because it provides the locomotive with a reliable source of power that can be used to move the train.
Open Lead Acid Battery:
Open lead acid batteries are used in traction and railway applications. They are also utilized for marine propulsion, forklift truck applications, golf cart applications and other non-traction uses. Open lead acid batteries have a large number of recharge cycles than Gel-based or sealed lead acid batteries owing to the fact that they can be opened and examined by inspection ports without breaking the seal which gives them an advantage over other types of battery.
Pure Lead Battery:
Pure lead battery is a type of secondary (backup) battery that contains only lead and acid. It is also known as unadulterated or simple lead, or plumbate batteries. These are used in low-cost applications where high capacity and deep discharge cycle are not required such as in smoke detectors, car alarms, etc.
The global pure lead battery market size was valued at USD 830 million in 2015.
Application Insights:
The hybrid railway application segment accounted for the largest market share in 2017 and is projected to witness significant growth over the forecast period. The growing demand for electric railways owing to increased environmental concerns and government initiatives such as ¢â‚¬Å“Make in India¢â‚¬ is expected to drive the hybrid railway traction battery market. For instance, Indian Railway Traction Battery Manufacturers' Association (IRTBA) has urged the Government of India for investments related to electric vehicle infrastructure, charging stations and e-ticketsing machines on account of increasing passenger traffic on account of rising income levels across various regions. Such initiatives are anticipated to boost product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing traction battery consumption in countries, such as China, India, Japan and South Korea. The growing adoption of railways for transportation across these Asian countries has led to an increase in traction battery production capacity by several players. For instance, Ener1 (NASDAQ: ERNE) opened a new plant in 2017 with an investment of USD X million at Visakhapatnam district of Andhra Pradesh state in India for producing lead-acid batteries primarily used for trains.
Europe accounted for more than 20% share of global revenue on account rising demand from hybrid railway vehicles along with autonomous cars on public roadsways such as trams.
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 traction batteries.
- Government initiatives and regulations supporting electrification of transport: Governments around the world are promoting the use of electric vehicles through various initiatives and regulations. This is expected to drive the growth of the railway traction battery market.
- Development of advanced technologies: The development of advanced technologies such as lithium-ion batteries is expected to boost the growth of this market in coming years. These batteries offer high performance and longer life cycle as compared to other types available in the market, thus increasing their adoption among end users.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Traction Battery Market Research Report
By Type
Open Lead Acid Battery, Pure Lead Battery, Gel Battery, Lithium-Ion Battery
By Application
Hybrid Railway, Autonomous Railway
By Companies
Saft Batteries, Hoppecke, GS Yuasa, Toshiba, AKASOL AG, Hitachi, Kokam, Leclanché
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Railway Traction Battery Market Report Segments:
The global Railway Traction Battery market is segmented on the basis of:
Types
Open Lead Acid Battery, Pure Lead Battery, Gel Battery, Lithium-Ion 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
Hybrid Railway, Autonomous 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
- AKASOL AG
- Hitachi
- Kokam
- Leclanché
Highlights of The Railway Traction 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:
- Open Lead Acid Battery
- Pure Lead Battery
- Gel Battery
- Lithium-Ion Battery
- By Application:
- Hybrid Railway
- Autonomous 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 Traction 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A railway traction battery is a type of electric battery used to power locomotives and other rolling stock. It was first developed in the late 19th century, and has been in use since the early 20th century.
Some of the major companies in the railway traction battery market are Saft Batteries, Hoppecke, GS Yuasa, Toshiba, AKASOL AG, Hitachi, Kokam, Leclanch©.
The railway traction battery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Railway Traction 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 Traction Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Traction 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 Traction 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 Traction Battery Market Size & Forecast, 2020-2028
4.5.1 Railway Traction Battery Market Size and Y-o-Y Growth
4.5.2 Railway Traction 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 Open Lead Acid Battery
5.2.2 Pure Lead Battery
5.2.3 Gel Battery
5.2.4 Lithium-Ion 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 Hybrid Railway
6.2.2 Autonomous Railway
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Traction 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 Traction 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 Open Lead Acid Battery
9.6.2 Pure Lead Battery
9.6.3 Gel Battery
9.6.4 Lithium-Ion 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 Hybrid Railway
9.10.2 Autonomous 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 Open Lead Acid Battery
10.6.2 Pure Lead Battery
10.6.3 Gel Battery
10.6.4 Lithium-Ion 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 Hybrid Railway
10.10.2 Autonomous 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 Open Lead Acid Battery
11.6.2 Pure Lead Battery
11.6.3 Gel Battery
11.6.4 Lithium-Ion 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 Hybrid Railway
11.10.2 Autonomous 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 Open Lead Acid Battery
12.6.2 Pure Lead Battery
12.6.3 Gel Battery
12.6.4 Lithium-Ion 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 Hybrid Railway
12.10.2 Autonomous 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 Open Lead Acid Battery
13.6.2 Pure Lead Battery
13.6.3 Gel Battery
13.6.4 Lithium-Ion 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 Hybrid Railway
13.10.2 Autonomous 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 Traction Battery Market: Competitive Dashboard
14.2 Global Railway Traction 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 AKASOL AG
14.3.6 Hitachi
14.3.7 Kokam
14.3.8 Leclanché
