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.
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:
- Saft Batteries
- GS Yuasa
- Toshiba
- Hitachi
- AKASOL AG
- Leclanché
- Hoppecke
- EnerSys
- Exide Industries
- Amara Raja
Highlights of The Railway 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:
- Lead-acid Battery
- Lithium Battery
- Other
- By Application:
- Autonomous Railway
- Hybrid Railway
- Others
- 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 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 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