Press release
Key Factors Driving the Train Battery Market to Reach $748.Million by 2031
Train Battery Market Trend
๐ฐ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/5731
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.
Factors such as an increase in the allocation of budget for the development of railways, the surge in demand for secure, safer, and efficient rail transport, rise in demand for trains with better passenger capacity are some of the factors propelling the demand for train batteries. However, government regulations on train batteries and high capital requirements are some factors expected to hamper market growth. Furthermore, improvements in railway infrastructure in developing countries and an increase in the development & testing of the autonomous train are expected to create numerous opportunities for the industry players in the near future.
The report offers detailed segmentation of the global train battery market based on battery type, rolling stock type, application, train type, and region.
๐ฐ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/train-battery-market/purchase-options
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐ญ๐ฒ๐ฉ๐, 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.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ซ๐๐ข๐ง ๐ญ๐ฒ๐ฉ๐, 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.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐๐ ๐ข๐จ๐ง, 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.
๐ฐ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/5731
๐๐๐๐๐ข๐ง๐ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ญ๐ซ๐๐ข๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ณ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ง๐๐ฅ๐ฎ๐๐
AEG Power Solutions,
Amara Raja Batteries Limited,
BorgWarner Akasol AG,
East Penn Manufacturing Company,
Ecobat,
ENERSYS,
Exide Industries ltd,
Fengri Power & Electric co., Limited,
GS Yuasa Corporation,
HBL Power Systems Limited,
Hitachi Rail Limited,
Hoppecke Batteries, Inc.,
Leclanchรฉ SA,
Power & Industrial Battery Systems GmbH,
Saft,
Shield Batteries Limited
Shuangdeng Group Co, Ltd.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/electric-vehicles-battery-market - Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/aircraft-battery-market - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/space-battery-market-A09238 - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/military-battery-market-A13309 - Global Opportunity Analysis and Industry Forecast, 2021-2031
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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