Global Battery Market For Railways to grow at a CAGR of 3.8% during 2016-2020

About Railway Batteries

Railway batteries are generally used for rolling stock or stationary applications. Rolling stock batteries are used for starting locomotives, lightings, and on-board auxiliary systems used in engines and coaches; whereas, stationary batteries are used as emergency backup power for railroad crossings, signal towers, and signaling systems.

Technavios analysts forecast the global battery market for railways to grow at a CAGR of 3.8% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global battery market for railways for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Battery Market for Railways 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
EnerSys
Exide India Limited
Exide Technologies
HBL
Saft

Other prominent vendors
Amara Raja
HOPPECKE
GS Yuasa
Quallion LLC

Market driver
Rise in railway electrification projects to reduce fuel import
For a full, detailed list, view our report

Market challenge
Economic uncertainty and railway transport hit by oil price collapse
For a full, detailed list, view our report

Market trend
Emergence of new energy technologies to transform railway industry into clean energy mode
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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