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Train Battery Market : Battery Type, Train and Rolling Stock Type, Application | Global Opportunity Analysis By 2031
Train Battery Market
Rise in budget allocations for development of railways, increase in demand for a secure, safer, and efficient rail transport, and surge in demand for trains with improved passenger capacity drive the growth of the global train battery market. However, supportive government regulations on train batteries and increase in capital requirement hinder the market growth. On the other hand, improvement in railway infrastructure in developing nations and rise in development & testing of autonomous trains present new opportunities in the coming years.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/5731
Covid-19 Scenario:
Production activities of different types of batteries used in trains were halted completely or partially due to lockdown measures implemented in various countries. Moreover, supply chain disruptions and raw material shortage presented challenges in production.
Moreover, the railway sector was severely impacted during the initial stages of the pandemic as railway travel was banned to prevent the spread of Covid-19. This, in turn, reduced the demand for train batteries even more.
Owing to economic uncertainty, the development activities of battery-operated and hybrid trains were either cancelled or postponed.
The report offers detailed segmentation of the global train battery market based on battery type, rolling stock type, application, train type, and region.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ- https://www.alliedmarketresearch.com/train-battery-market/purchase-options
Based on battery type, the lead acid segment accounted for the highest share in 2021, contributing to more than three-fifths of the total market share, and is estimated to continue its lead position during the forecast period. However, the lithium ion segment is projected to manifest the highest CAGR of 5.7% from 2022 to 2031.
Based on train type, the hybrid segment held the largest share in 2021, accounting for around three-fourths of the global train battery market, and is estimated to maintain its leadership status during the forecast period. However, the battery-operated segment is expected to register the largest CAGR of 5.4% during the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/5731
Based on region, Asia-Pacific accounted for the highest share in 2021, contributing to nearly one-third of the total market share, and is projected to continue its dominant share by 2031. Moreover, this region is projected to portray the fastest CAGR of 5.1% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading players of the global train battery market analyzed in the research include AEG Power Solutions, BorgWarner Akasol AG, Amara Raja Batteries Limited, Ecobat, East Penn Manufacturing Company, Exide Industries Ltd., Fengri Power & Electric Co., Limited, ENERSYS, HBL Power Systems Limited, GS Yuasa Corporation, and others.
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Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.
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