Train Battery Market Research Report
Growth opportunities in the Train Battery Market look
promising over the next six years. This is mainly due to the growing demand for
faster means of transportation owing to the rapid urbanization and escalating
adoption of electric train deployment.
Request
for a FREE Sample Report on Train Battery Market
Train Battery Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The augmenting demand for a high-speed mode of
transportation led by swift urbanization and enlargement of novel train tracts
with government train deployment projects are the major drivers stimulating the
demand of the global train
battery market. Railway company Canadian Pacific (CP) and Ballard Power
Systems (Ballard) manufacturing company, in 2021, proposed using Ballard fuel
cell modules through CP's Hydrogen Locomotive Program. These modules have the
capability to supply 1.2 MW of electricity for fuelling the locomotive. The
program intended to develop North America's first hydrogen-powered line-haul
freight locomotive with the modernization of the diesel-powered locomotive with
Ballard's hydrogen fuel cells to control the locomotive's electric traction
motors with the assistance of battery technology.
Moreover, the surging acquisition of employment of electric
train along with the expansion in government strategies to promote green
technology has strengthened the train battery market size. For example, the
Indian Ministry of Finance targeted to accomplish full electrification of its
tracks. Also, Rolls-Royce merged with Porterbrook in the UK in the first
quarter of 2020 to deliver MTU hybrid drive systems to the UK rail network and
introduced clean, safe, and competitive solutions. Hitachi Rail tested to be
the first battery-powered tram which entails other electrified infrastructure.
However, the excessive infrastructure cost and government
initiatives and allowance required for the speedy train networks in developing
nations such as China, India, Indonesia, and Mexico. For instance, in Nov 2020,
the high-speed bullet train project connecting Mumbai, Maharashtra to Ahmadabad
Gujarat, India, is facing issues because of factors like delaying land
acquisitions, legal and environmental obstacles. All these aspects are
hampering the train battery market share.
Application
Segment Drivers
Based on the application, hybrid trains are predicted to
dominate the market over the forecast period. This is primarily attributed to
the increasing employment with a rise in urbanization, globalization, and
accelerating population around the globe. For instance, in Jan 2021, the Indian
Railways Organization for Alternate Fuels (IROAF), in Jan 2021, called for bids
to establish a hydrogen fuel cell-based hybrid power train with retrofit the
700 HP diesel-hydraulic locomotives, which will run from Kalka-Shimla narrow
gauge section in Himachal Pradesh, India. Also, in July 2017, the Indian
Railways inaugurated a first-of-its-kind solar-powered train with a 1,600 HP
battery back-up. Indian Railways Organisation envisioned the battery for
Alternate Fuels (IROAF) with the help of elastic solar panels and lithium-ion
batteries.
Train
Battery Market’s leading Manufacturers:
·
Sapien LLC
·
Hitachi
·
Amara Raja
·
Toshiba
·
Hoppecke
·
East Penn Manufacturing Company
·
SEC Battery
·
Exide Industries
·
Saft
·
EnerSys
·
Power & Industrial Battery Systems Gmbh
Train Battery Market Segmentation:
Segmentation by Type
·
Lithium Ion Battery
·
Lead Acid Battery
·
Nickel Cadmium Battery
Segmentation by Application
·
Hybrid Train
·
Autonomous Train
·
Fully-Battery Operated Train
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
GMI Research is a market research and consulting company
that offers business insights and market research reports for large and small
& medium enterprises. Our detailed reports help the clients to make
strategic business policies and achieve sustainable growth in the particular
market domain. The company's large team of seasoned analysts and industry
experts with experience from different regions such as Asia-Pacific, Europe,
North America, among others, provides a one-stop solution for the client. Our market
research report has in-depth analysis, which includes refined forecasts, a
bird's eye view of the competitive landscape, key factors influencing the
market growth, and various other market insights to aid companies in making
strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list
of Silicon India Magazine in 2018, we at GMI Research are always looking
forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Comments