The Train Battery Market was valued at approximately USD 516.6 billion in 2023 and is expected to grow at a CAGR of 4.4%, reaching USD 698.4 billion by 2030. The rising emphasis on rail network electrification and increasing investments in high-speed trains are key factors driving market growth. Additionally, the adoption of advanced technologies such as IoT, AI, and Driver Advisory Systems (DAS), along with a growing focus on green transportation, is expected to create significant opportunities for market stakeholders.

“The shift towards electrification of rail networks and increasing investments in high-speed trains are significantly driving the demand for train batteries. This market is evolving rapidly as advanced technologies like IoT, AI, and Driver Advisory Systems (DAS) come into play, all while the focus on green transportation grows. This report provides key insights into how these factors are influencing the train battery market and the opportunities they present for stakeholders in the sector,” said Sudipto Ghosh, Research Specialist, Intent Market Research.

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Conventionally, lead acid batteries are widely used in train operation. However, they require high maintenance. Lithium-ion and nickel-cadmium (Ni-Cd) are potent replacement for the lead acid battery. In railways, lithium-ion batteries are used for on-board electrical system and for starting diesel engines. Whereas, NI-Cd batteries are preferred in hybrid and all-electric traction systems as well as a backup power for train components such as AC, lights, etc. and for emergency brakes.

Globally, there are larger number of hybrid train compared to full battery-operated trains. By linking electric power with diesel engines, hybrid trains achieve higher energy efficiency compared to their conventional counterparts. This, in turn, offers lower fuel consumption, lower emission, and thus greener transportation. In addition, hybrid trains operate quieter compared to traditional diesel engines. It also requires lower maintenance and operational cost thus greater cost saving compared to diesel-powered trains.

Sudipto added, “The shift away from traditional lead-acid batteries, which require high maintenance, towards more efficient and sustainable alternatives like lithium-ion and nickel-cadmium batteries is a key trend covered in the report. It explores the various applications of these batteries, from powering on-board systems to supporting hybrid and all-electric traction systems. Understanding these technological advancements is crucial for stakeholders to navigate the growing demand for green and efficient solutions in the rail sector.”

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Freight wagon, locomotive, metro, monorail, passenger coaches and tram are the different types of rolling stock types driven by the use of train batteries. In major cities of the world, there is growing network of metro trains for the easy and faster transport of passengers compare to on-road journey. It is estimated that the metro segment will register the significant growth rate during the forecast period.  

Asia-Pacific holds the largest share of the global train battery market. India, China, are the leading economies that are heavily investing in the rail network electrification, which in turn drove the regional market growth. Apart from Asia-Pacific, Europe also heavily investing in rail network infrastructure. In September 2023, the European Commission has allocated over USD 57.1 million (EUR 52 million)* through the Cohesion Fund to support the Romanian train procurement project. This project includes 37 electric trains for interregional railway routes. In April 2023, Koncar Electric Vehicles has announced the agreement with Leclanche to provide the battery systems for its new high-profile Croatian state railroad contract.

Major players operating in the global train battery market are ABB, Amara Raja, East Penn Manufacturing, ENERSYS, Exide Industries, HBL, Hitachi Rail, Hoppecke Batteries, Saft, Siemens Mobility, among others.

The key players of the market have adopted several growth strategies such as investment in R&D, new product launch and product enhancement, collaboration, etc. to improve their market share. In addition, in January 2022, Rio Tinto has agreed to purchase four battery-electric trains for use in the Pilbara region of Western Australia as part of the company’s strategy to reduce its carbon emissions by 50% by 2030.

About  Intent Market Research™

Intent Market Research (IMR) is a market research firm dedicated to providing unique, data-driven insights that support sustainable and inclusive business growth. We specialize in comprehensive market research reports and consulting services across diverse industries including chemicals, healthcare, automotive, energy, packaging, and semiconductor & electronics.

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