According to the Market Statsville Group (MSG), the global Train Battery Market size is expected to grow from USD 514.7 million in 2022 to USD 963.1 million by 2033, at a CAGR of 4.9% from 2023 to 2033.

Population growth and urbanization increase the demand for high-speed trains, followed by increased demand for energy-efficient transportation systems and train comfort and luxury, thereby augmenting the market’s growth. Furthermore, with the introduction of high-speed trains in developing countries, the development of hybrid rail systems, and the significant growth of autonomous trains, the market is expected to expand to a greater extent. However, high operating costs of high-speed rail networks and capital investment restrain the train battery market.

Global Train Battery Market Definition

When the train is stationary or moving slowly, the train battery supplies power to the coaches. This includes the supply of DC power to the coaches. Previously, diesel engines were used to power trains, but they were not considered cost-effective due to their high maintenance costs. They were also thought to be bad for the environment due to their harmful emissions. Furthermore, their constant use necessitated the electrification of railways. The growing demand for alternative fuels to reduce the cost of imported fossil fuels resulted in the installation of train batteries and the electrification of the railway system.

Companies that manufacture train batteries offer a variety of power supplies, including onboard computers, door control, lighting, ventilation, air conditioning, communications, braking, and engine starting. EnerSys, for instance, manufactures industrial batteries with a focus on railways. Train battery market growth is being driven by players expanding their product offerings.

COVID-19 Impact on the Global Train Battery Market

The COVID-19 pandemic has had a historically negative impact on rail transportation, resulting in reduced traveling and rolling stock operations due to a halt in manufacturing facilities and losses for train battery manufacturers. Companies have resumed production with lower capacity utilization as of 2022 and are expected to adjust production based on demand. Train battery manufacturers are experiencing supply chain disruptions as major countries such as China remain on lockdown to prevent the spread of the disease.

Global Train Battery Market Dynamics

Drivers: Adoption of High-Speed Railways is Increasing

Power lines typically power high-speed trains, and these railway systems are large energy consumers. Thus, many energy-saving and storage systems are used to improve performance. Thus, battery adaptation for high-speed railways and partial and fully autonomous train systems can reduce operational and capital costs. The capital saved can be used to offset the additional investment and operating costs incurred as a result of the project's implementation and stimulate research and development activities.

Restraints: The High-Speed Rail Network has a High Capital Investment and Operating Cost

The high cost of infrastructure and government budget constraints have hampered the adoption of high-speed train networks in several emerging economies, including Mexico and Indonesia. As a result, the high infrastructure cost is expected to hinder the expansion of high-speed train networks in emerging economies, affecting the demand for train batteries.

Opportunities: Technology Advancements

The railway sector has been using cutting-edge technologies like IoT, AI, deep learning, and DAS to increase efficiency and enhance the passenger experience. The adoption of train batteries is anticipated to increase as a result of advancements in resource planning, passenger experience, and decision-making, as well as the optimization of field equipment like air conditioners, heaters, brake systems, and other aboard appliances. Implementing various rail network intelligent infrastructure programs is expected to drive IoT, AI, and deep learning adoption in railways. The increasing use of IoT, AI, deep learning, and DAS is expected to shorten travel times and improve the passenger experience. Because these systems rely heavily on electricity, train batteries would emerge as a more reliable and stable backup power source.

Scope of the Global Train Battery Market

The study bifurcates the train battery market based on battery type, technology, Locomotive, and application at the regional and global levels.

By Battery Type Outlook (Sales, USD Million, 2017-2033)

• Lead Acid
• Nickel Cadmium
• Lithium ion

By Technology Outlook (Sales, USD Million, 2017-2033)

• Gel Tubular
• Valve Regulated Lead Acid (VRLA)
• Conventional Lead Acid
• Sinter PNE
• Fiber PNE
• Pocket Plate
• Lithium Ion

By Locomotive Outlook (Sales, USD Million, 2017-2033)

• Diesel
• Electric
• Hybrid

By Application Outlook (Sales, USD Million, 2017-2033)

• Engine Starter
• Auxiliary Function

By Region Outlook (Sales, USD Million, 2017-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

VRLA battery segment accounts for the highest market share by technology

Based on technology, the global train battery market is divided into gel tubular, valve regulated lead acid (VRLA), conventional lead acid, sinter PNE, fiber PNE, pocket plate, and lithium-ion. The VRLA battery market is expected to witness the highest market share. The terminal voltage and ampere-hour capacity of the VRLA are lower. During discharge, it maintains a nearly constant terminal voltage. Furthermore, VRLA batteries are more stable at higher temperatures than standard lead acid batteries. As a result, the VRLA battery outperforms other batteries at variable loads and temperatures, requires less maintenance, and is highly reliable. Because they have more than twice the cycle life of a conventional flooded product, these batteries are used in diesel locomotives to start engines and for auxiliary functions. VRLA batteries do not need to be refilled with water regularly, making them more efficient in terms of efficiency and maintenance.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global Train Battery Market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Because of rail expansion in key countries such as China, Japan, India, and South Korea, the Asia Pacific region is expected to be the largest and fastest-growing market accounting for the highest CAGR during the forecast period. Furthermore, China and India have some of the world's largest rail networks. Passenger trains are the most common mode of transportation; in Japan, high-speed rails and metro trains are the preferred modes of transportation. The region's demand for batteries is increasing due to the increased demand for such fully equipped train sets.

Competitive Landscape - Global Train Battery Market

The global Train Battery Market is highly competitive, with key industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global train battery market are:

• CRRC Corporation Limited
• Alstom
• Siemens Mobility
• Bombardier Transportation
• General Electric
• Hyundai Rotem
• Kawasaki Heavy Industries
• Trinity Rail Group
• Stadler
• Stadler Rail AG

Key Issues Addressed

• What is the market size by various segmentation of the train battery by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the train battery market?
• What are the key opportunities and trends for manufacturers involved in the train battery supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of train battery in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.