Train Battery Market – Size,Share,Application,Forecast to 2025
Added: (Wed Nov 21 2018)
Pressbox (Press Release) -
The train battery market is projected to grow at a CAGR of 5.15% from 2018 to 2025. From a market size of USD 470.5 million in 2018, it is projected to reach USD 703.2 million by 2025. Major factors driving the growth of this market include the increasing population in developing countries such as China and India. As these countries have low per capita income, people are dependent on public transport for travelling and daily commute. The demand for metro, mono rail, EMUs, and DMUs is rising in these countries. This, in turn, is driving the demand for train battery.
The train battery market is dominated by a few globally established players such as EnerSys (US), Saft Batteries (Germany), Exide Industries (India), Hitachi (Japan), and GS Yuasa (Japan). These companies developed new products, adopted expansion strategies, obtained supply contracts; established collaborations & partnerships; and used mergers & acquisitions to gain traction in the train battery market. Expansion and supply contract was the key strategy adopted by industry players.
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Enersys has a wide product portfolio and has adopted expansion as the key strategy. In 2018, EnerSys established a Global Technology Center in Reading, US, which serves as the new hub for the company’s core engineering and technology teams. It has approximately 250 employees and over 100,000 square feet of laboratory space. The facility will be used to develop industrial batteries for trains as well as other products. In 2017, Exide Industries inaugurated a battery making plant at the Haldia, India. It was built in technical collaboration with East Penn Manufacturing Company of the US. The new plant will use the latest “Punched Grid Technology” to manufacture the technically advanced Lead-acid storage batteries.
GS Yuasa adopted new product developments to excel in the market. To meet the competition, the company is investing in R&D activities to stay ahead of the market by launching new products. For instance, in 2017, the company developed a high energy density technology as well as longer lifecycles for silicon-based negative electrodes that have improved the density of lithium ion batteries by 3 times.
In 2018, Saft Batteries received an order from Alstom India to supply backup battery systems for 800 Prima locomotives. Saft India will act as a fully local end-to-end supplier from its manufacturing facility in Bibadi, Bangalore. Also, in 2017, Hitachi Rail Italy signed a contract for the supply of 12 Leonardo metro trains destined for the Milan Metro Line 2. These units are in addition to the 60 trains already ordered before 2012.
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