Global Train Battery Market 2024-2028
The train battery market is forecasted to grow by USD 185.5 mn during 2023-2028, accelerating at a CAGR of 5.4% during the forecast period. The report on the train battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of high-speed and autonomous railways, increasing budget allocation for railway development, and growing sustainable alternatives due to pollution.
Technavio's train battery market is segmented as below:
By Application
- Auxiliary battery
- Starter battery
By Battery Type
- Lead-acid
- Lithium-ion
- Nickel cadmium
By Geography
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the iot and big data to drive efficiency as one of the prime reasons driving the train battery market growth during the next few years. Also, growing consolidation in railway industry and advances in automotive battery technology will lead to sizable demand in the market.
The report on the train battery market covers the following areas:
- Train battery market sizing
- Train battery market forecast
- Train battery market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading train battery market vendors that include Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, AEG Power Solutions BV, Amara Raja Group, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., First National Battery, Furukawa Electric Co. Ltd., GS Yuasa International Ltd., HBL Power Systems Ltd., Hitachi Ltd., JFM Engineering Inc., Leclanche SA, Microtex Energy Pvt. Ltd., Saft Groupe SAS, Schaltbau Holding AG, Star Battery Ltd., Stryten Energy LLC, Toshiba Corp., and Wisdom Industrial Power Co. Ltd.. Also, the train battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.