Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Railway Battery Market by Type (Lead-acid Battery, Lithium Battery, Other), By Application (Autonomous Railway, Hybrid Railway, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Railway Battery Market by Type (Lead-acid Battery, Lithium Battery, Other), By Application (Autonomous Railway, Hybrid Railway, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 142636 3300 Chemical & Material 377 230 Pages 4.8 (38)
                                          

Market Overview:


The global railway battery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the railway battery market can be attributed to the increasing demand for electric and hybrid trains, rising concerns over environment pollution, and government initiatives for promoting the use of electric vehicles. The lead-acid battery segment is expected to dominate the global railway battery market in terms of revenue during the forecast period. This can be attributed to its low cost and high durability as compared to other types of batteries available in the market. However, with advancements being made in lithium-ion technology, this segment is expected to witness a decline in its share by 2030 end.


Global Railway Battery Industry Outlook


Product Definition:


A railway battery is a device used to provide energy to a railway locomotive or train. The battery may be located on the locomotive itself, or it may be located in a separate car that is attached to the locomotive. Railway batteries are typically lead-acid batteries, but nickel-cadmium and lithium ion batteries are also becoming more common.


Lead-acid Battery:


Lead-acid battery is the most common type of rechargeable battery. It has a lead (Pb) core covered with an oxide ( electrolyte ) layer, which provides it with electrical conductivity. These batteries are widely used as replacements for conventional ones in numerous devices including automobiles and power tools among others owing to their high capacity, low maintenance cost and recyclability among other advantages.


Lithium Battery:


Lithium battery is a type of rechargeable battery that uses lithium as its cathode and anode. Lithium iron phosphate is the most commonly used material for the cathode, while lithium cobalt oxide is used as anode. The electrolyte present in this battery can be either liquid or solid based on the type of cell being manufactured.


Application Insights:


Autonomous railway was the largest application segment in 2017 and is expected to maintain its lead over the forecast period. The growing adoption of autonomous vehicles is expected to have a positive impact on industry growth. Increasing use of batteries as power sources for electric locomotives, self-propelled railcars, and light diesel locomotives will further propel demand over the coming years.


The hybrid railway segment accounted for a significant market share in terms of revenue generation in 2017 owing to increasing government initiatives regarding integration of advanced technology with conventional railways systems. For instance, Germany¢â‚¬â„¢s Federal Railway Administration (BAB) has announced plans to deploy high-speed trains with integrated battery packs by Siemens that will enable travel up to 80 kilometers on one charge during trial runs conducted across various parts of Germany since 2016.


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 demand from countries such as China, India, Japan, South Korea and Taiwan. Increasing investments by these countries for electrification of railway network coupled with rising adoption of battery-operated trains are some major factors driving regional growth.


The European region accounted for a significant share in terms of revenue in 2017 owing to high demand from France and Germany regions. However, it is expected to lose out on its share due to stringent government regulations regarding pollution caused during transportation along with growing electric vehicles industry across Europe which will result into less requirement for batteries over the next eight years (by 2030).


North America region also had a good market share owing to increased use of rail transport system especially within U.S.


Growth Factors:


  • Increasing demand for railway transportation: The increasing population and the consequent increase in the demand for goods and services is propelling the growth of the railway battery market.
  • Government initiatives for development of railways: Governments across countries are investing in developing and modernizing their railway infrastructure, which is aiding the growth of this market.
  • Technological advancements in batteries: Ongoing technological advancements are resulting in development of better quality batteries that can be used for railways, thereby driving market growth.
  • Rising environmental concerns: Stringent regulations pertaining to emissions from transport vehicles are prompting operators to opt for electric or hybrid trains, which use battery power, thereby boosting this market’s growth prospects.

Scope Of The Report

Report Attributes

Report Details

Report Title

Railway Battery Market Research Report

By Type

Lead-acid Battery, Lithium Battery, Other

By Application

Autonomous Railway, Hybrid Railway, Others

By Companies

Saft Batteries, GS Yuasa, Toshiba, Hitachi, AKASOL AG, Leclanché, Hoppecke, EnerSys, Exide Industries, Amara Raja

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

230

Number of Tables & Figures

161

Customization Available

Yes, the report can be customized as per your need.


Global Railway Battery Market Report Segments:

The global Railway Battery market is segmented on the basis of:

Types

Lead-acid Battery, Lithium Battery, Other

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, Others

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:

  1. Saft Batteries
  2. GS Yuasa
  3. Toshiba
  4. Hitachi
  5. AKASOL AG
  6. Leclanché
  7. Hoppecke
  8. EnerSys
  9. Exide Industries
  10. Amara Raja

Global Railway Battery Market Overview


Highlights of The Railway Battery Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Lead-acid Battery
    2. Lithium Battery
    3. Other
  1. By Application:

    1. Autonomous Railway
    2. Hybrid Railway
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Railway 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

Global Railway Battery Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Railway battery is a type of storage battery used for electric locomotives and railcars.

Some of the major companies in the railway battery market are Saft Batteries, GS Yuasa, Toshiba, Hitachi, AKASOL AG, LeclanchƒÂ©, Hoppecke, EnerSys, Exide Industries, Amara Raja.

The railway battery market is expected to register a CAGR of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Railway Battery Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Railway Battery Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Railway Battery Market - Supply Chain
   4.5. Global Railway Battery Market Forecast
      4.5.1. Railway Battery Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Railway Battery Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Railway Battery Market Absolute $ Opportunity

5. Global Railway Battery Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Railway Battery Market Size and Volume Forecast by Type
      5.3.1. Lead-acid Battery
      5.3.2. Lithium Battery
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Railway Battery Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Railway Battery Market Size and Volume Forecast by Application
      6.3.1. Autonomous Railway
      6.3.2. Hybrid Railway
      6.3.3. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Railway Battery Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Railway Battery Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Railway Battery Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Railway Battery Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Railway Battery Demand Share Forecast, 2019-2026

9. North America Railway Battery Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Railway Battery Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Railway Battery Market Size and Volume Forecast by Application
      9.4.1. Autonomous Railway
      9.4.2. Hybrid Railway
      9.4.3. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Railway Battery Market Size and Volume Forecast by Type
      9.7.1. Lead-acid Battery
      9.7.2. Lithium Battery
      9.7.3. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Railway Battery Demand Share Forecast, 2019-2026

10. Latin America Railway Battery Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Railway Battery Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Railway Battery Market Size and Volume Forecast by Application
      10.4.1. Autonomous Railway
      10.4.2. Hybrid Railway
      10.4.3. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Railway Battery Market Size and Volume Forecast by Type
      10.7.1. Lead-acid Battery
      10.7.2. Lithium Battery
      10.7.3. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Railway Battery Demand Share Forecast, 2019-2026

11. Europe Railway Battery Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Railway Battery Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Railway Battery Market Size and Volume Forecast by Application
      11.4.1. Autonomous Railway
      11.4.2. Hybrid Railway
      11.4.3. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Railway Battery Market Size and Volume Forecast by Type
      11.7.1. Lead-acid Battery
      11.7.2. Lithium Battery
      11.7.3. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Maket Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Railway Battery Demand Share, 2019-2026

12. Asia Pacific Railway Battery Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Railway Battery Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Railway Battery Market Size and Volume Forecast by Application
      12.4.1. Autonomous Railway
      12.4.2. Hybrid Railway
      12.4.3. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Railway Battery Market Size and Volume Forecast by Type
      12.7.1. Lead-acid Battery
      12.7.2. Lithium Battery
      12.7.3. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Railway Battery Demand Share, 2019-2026

13. Middle East & Africa Railway Battery Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Railway Battery Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Railway Battery Market Size and Volume Forecast by Application
      13.4.1. Autonomous Railway
      13.4.2. Hybrid Railway
      13.4.3. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Railway Battery Market Size and Volume Forecast by Type
      13.7.1. Lead-acid Battery
      13.7.2. Lithium Battery
      13.7.3. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Railway Battery Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Railway Battery Market: Market Share Analysis
   14.2. Railway Battery Distributors and Customers
   14.3. Railway Battery Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Saft Batteries
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. GS Yuasa
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Toshiba
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Hitachi
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. AKASOL AG
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Leclanché
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Hoppecke
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. EnerSys
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Exide Industries
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Amara Raja
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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