DUBLIN--(BUSINESS WIRE)--The "Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, & Li-Ion), Advanced Train (Autonomous, Hybrid, & Battery Operated), Rolling Stock Type, Application, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
From a market size of USD 470.5 million in 2018, the train battery market is projected to reach USD 703.2 million by 2025, at a CAGR of 5.15%.
Major factors driving the growth of this market include an increasing population that depends on rail transport. However, a major restraint for the train battery market is the high capital investments and operational costs required for the train and high-speed rail.
The growth of lithium-ion battery can be attributed to the increasing demand for maintenance-free battery for rail transport. The lead-acid battery is mainly used in rolling stocks at present. However, during the projected period, as lithium-ion batteries become economical, the industry is projected to shift toward them. As a result, lithium-ion battery is projected to be the largest battery type of the train battery market.
The autonomous trains are expected to be fully equipped with advanced features such as automated doors, infotainment systems, passenger information systems, and advanced lighting. These features have a continuous and high-power requirement. This is projected to increase the demand for train batteries.
The Asia Pacific region is estimated to dominate the train battery market and is projected to be the largest and fastest growing market during the forecast period. The market growth in the region can be attributed to the upcoming demand for trains in India and China. The demand for bullet trains in the region is projected to grow at the fastest pace during the forecast period because of the growing population and increasing focus of the governments on reducing air pollution.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Train Battery Market, By Battery Type
7 Train Battery Market, By Battery Technology
8 Train Battery Market, By Rolling Stock Type
9 Train Battery Market, By Application
10 Train Battery Market, By Advanced Trains
11 Train Battery Market, By Region
12 Competitive Landscape
13 Company Profiles
- Aeg Power Solutions
- Amara Raja Batteries
- China Shoto
- Coslight India
- East Penn Manufacturing
- Enersys
- Exide Industries
- Exide Technologies
- First National Battery
- Furukawa Battery
- Gs Yuasa
- Hitachi
- Hoppecke
- Hunan Fengri Power & Electric
- Northstar
- Pibas Gmbh
- Saft Batteries
- Sec Battery
- Systems Sunlight
For more information about this report visit https://www.researchandmarkets.com/research/3nx7gj/train_battery?w=4
