Train Battery Market 2030: Key Trends, Growth Drivers, and Future Outlook
The train battery market size is projected to grow from USD 277 million in 2023 to USD 378 million by 2030, at a CAGR of 4.6% from 2023 to 2030. The demand for the train battery market is driven by rapid urbanization leading to increased public transport, and demand for long-distance rail journeys is expected to boost the train battery market. Further, the growing number of high-speed trains with advanced features increased demand for electrical systems and batteries. The growing demand for metros and high-speed trains is driving the demand for the train battery market.
“Auxiliary Battery Segment is anticipated to grow at
fastest CAGR during the forecast period.”
A railway
auxiliary battery is a battery that is used to power non-propulsion systems on
a railway vehicle. These batteries are charged by the primary generator of the
railway. The application of these auxiliary systems depends on their end uses;
for instance, in the case of a normal coach (without an AC system), one battery
box is required for auxiliary operation whereas two battery boxes are required
for AC coaches. These battery boxes provide backup to all essential train
systems such as emergency lighting and ventilation systems to provide safety to
the train in the absence of EAPS, output failure, and train separation
incidents.
Specific
applications of railway auxiliary batteries are lighting, ventilation, air
conditioning, doors, and safety systems. Furthermore, railway auxiliary
batteries can be used for a variety of additional systems on railway cars,
including information displays, entertainment systems, and security systems. The
auxiliary battery pack is heavy and is placed under the railcar to save space.
As lithium-ion batteries are compact, have a higher energy density, and are
lighter than conventional batteries, they are expected to be used as auxiliary
batteries. They are expected to replace lead-acid batteries in the near future. An increase in demand for high-speed and metro trains is leading
to the high demand for advanced features such as emergency braking, tilting
systems, emergency power supply, passenger coach lighting, HVAC, communication,
and door control functions is expected to drive the demand for auxiliary battery.
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“Passenger Coaches to hold the largest market share in
Train Battery aftermarket during the forecast period.”
By rolling stock for train battery aftermarket, passenger coaches
hold the largest market share in the global train battery aftermarket. Modern passenger coaches have features such as automated doors,
infotainment systems, and passenger information systems. These coaches cost
around USD 0.3-0.45 million and are, hence, expensive to replace. According to
the Transport Strategy Centre, UK, railway operators can save up to USD 0.5
million per coach by the refurbishment of passenger coaches, which can improve
the design life of coaches by 20 years.
Train batteries on passenger coaches are primarily used for emergency backup and to provide power during non-electrified patches for electronic systems. The extension of the operational life of passenger coaches with the installation of more advanced features to improve passenger experience are major factors that are expected to drive demand for train batteries in the aftermarket.
“Nickel-Cadmium battery hold the largest and expected to
grow at fastest CAGR in train battery aftermarket, under battery type segment.”
The replacement
of batteries in rolling stock is primarily driven by the limited lifespan of
batteries, the demanding workload of locomotives, the need for maintenance and
optimal performance, safety considerations, ongoing technological advancements,
and environmental regulations.
Nickel-cadmium
batteries are almost maintenance-free, apart from watering, voltage readings,
and cleaning. The operational life of these batteries is around 10-15 years
depending upon the periodic maintenance exercises are conducted. Thus, the
replacement rate of Ni-Cd batteries is lower than lead-acid and lithium-ion
batteries. Replacement of rolling stock with Ni-Cd batteries enhances
performance, reduces maintenance costs, and complies with modern environmental
standards. However, cell leakage and corrosion remain a cause of concern. These
issues, along with the oxidization of electrodes, can lead to early
replacement. As nickel-cadmium batteries are expensive and can explode during
major maintenance if handled improperly, OE suppliers usually follow a repair
and return policy which eliminates the need for disposal and hiring of
specialized staff.
“Asia Pacific is estimated to be the largest market
for train battery during the forecast period.”
The
Asia Pacific is estimated to be the largest and fastest-growing market due to
growth in key countries such as China, Japan, India,
and South Korea. The
diesel-locomotive retrofitting industry in the Asia-Pacific has witnessed
significant year-on-year growth. Therefore, it has created an
opportunity for battery manufacturers to develop high-energy-density batteries. The region is also a leading manufacturer of rolling stock across the
globe and is expected to retain this position during the forecast period. The
boom in locomotive production can be attributed to the growth of the rail
network, rapid urbanization, and government initiatives toward the development
of energy-efficient transportation. Additionally, Asian countries such as China
are planning to extend the high-speed network to 50,000 km by 2032. The
adoption rate of High-speed trains, suburban trains, and urban transit systems
is highest in China, which is expected to make the country the leading market
for railway batteries. In addition, a number of initiatives are being
implemented by Indian Railways (IR), under this initiatives the Indian Railways
have electrified 7,000 km of railway routes in 2022. Additionally, the Indian
Railways intend to electrify all of their broad gauge routes by the year 2024.
Train battery makers will have a lot of opportunities as a result in the near
future.
Key Market Players & Startups
The train battery market is dominated by players such as Saft
(France), Enersys (US), Exide Industries (India), GS Yuasa Corporation (Japan), Amara Raja
Batteries Ltd (India), Hoppecke Batterien Gmbh & Co. Kg (Germany), SEC
Battery (UK), First National Battery (South Africa), Power & Industrial
Battery Systems GmbH (Germany), Exide Technologies (US) and Toshiba Corporation
(Japan).
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