According to a 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 was worth USD 136 million in 2019 and is projected to attain a valuation of USD 215.1 million over the forecast period 2021-2027, registering a compound annual growth rate of 5.9% throughout.
 

Report findings suggest that ongoing expansion of railway networks, coupled with stringent emission control regulations, and demand for energy-efficient transportation systems are augmenting the worldwide train battery market outlook.
 

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Citing an instance, in 2019, the U.S. announced a USD 240 trillion plan to build a national high-speed rail network by 2024. Thus, aggressive plans for rail electrification as well as increasing privatization are likely to create opportunities in global train battery market.
 

For the record, rail electrification has been on the rise over the past few years, as it serves as a low-maintenance, environmentally sustainable substitute for traditional diesel-powered trains. Alson, the railway sector serves as the most productive forms of low emission transport.
 

Despite the lucrative growth prospects, massive capital investment as well as dearer operating costs for high speed rail network are impeding the market growth.
 

From a regional frame of reference, Asia Pacific train battery industry is expected to record significant growth over the forecast period. This can be credited to accelerated installation process of bullet trains in developing countries such as India and China. Moreover, increased efforts of countries towards the reduction of air emissions via rail electrification is also adding to regional market remuneration.
 

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