According to the research report titled ‘Global Train Battery Market by Battery Type (Lead Acid Battery, Nickel Cadmium Battery, Lithium Ion Battery), By Technology (Conventional Lead Acid Battery, Valve Regulated Lead Acid Battery, Gel Tubular Lead Acid Battery, Sinter/PNE Ni-Cd Battery, Pocket Plate, Ni-Cd Battery, Fiber/PNE Ni-Cd Battery, Lithium Ion Battery), By rolling Stock (Diesel, Locomotives, DMUs, Electric Locomotives, EMUs, Metros, High-speed Trains, Light Trains/Trams/Monorails, Passenger Coaches), by Application (Starter Battery, Auxiliary Battery (HVAC, Doors, Infotainment)), by Advance Train (Autonomous Trains, Hybrid Locomotives, Fully Battery Operated Trains). Regional Forecasting 2021-2027’, available with Market Study Report, global train battery market size was worth USD 136 million in 2019 and is expected to record a CAGR of 5.9% over 2020-2027, subsequently accumulating USD 215.1 million by the end of the forecast timespan.
 

Global train battery market growth is primarily driven by railway network expansion and strict emission norms boosting demand for energy-efficient transportation systems, cites the study.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3793386/
 

For the record, in 2019, the United States revealed a USD 240 trillion proposal for the national high-speed rail network. By 2024, the plan will have increased yearly expenditures for electrified train development to USD 32 billion. Similar developments are creating opportunities for businesses operating in the domain, further adding to the industry progression.
 

Previously, trains were powered by diesel engines, but it was not considered cost-effective due to high maintenance expenses. Also, their hazardous emissions are believed to be detrimental for the environment. Thus, focus to reduce dependence on diesel engines necessitated the rail electrification.
 

Speaking of factors restraining worldwide train battery industry expansion, hefty capital investment and operating cost of high-speed rail network are posing as a challenge.
 

Moving on to regional landscape, Asia Pacific industry is poised to accrue notable returns over 2021-2027, owing to elemental role trains play across developing economies such as India and China. With installation of bullet trains, both countries are projected to stimulate the development of the battery industry. Furthermore, governments are making efforts to reduce air pollution through rail system electrification, significantly contributing to the regional market outlook.
 

Top companies in global train battery market are Hunan Fengri Power & Electric Co. Ltd., Coslight India Telecom Pvt. Ltd., Akasol AG, Shield Batteries Ltd., China Shoto, The Furukawa Battery Co. Ltd., Systems Sunlight S.A., AEG Power Solutions B.V., Hitachi Ltd., and East Penn Manufacturing Co. Inc.