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  • Railway Battery Market Growth Analysis | 2022-2027

    Railway Battery Market Growth Analysis | 2022-2027

    Railway Battery Market Growth Analysis | 2022-2027
    Report code - SR2153 Published On : Oct,2022 No. of Pages: 120
    Railway Battery Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppo See more...

    Market Highlights

    The Railway Battery Market is likely to grow at a significant CAGR of 2.4% in the long run to reach US$ 0.5 Billion in 2027.

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    After being tested in planes, helicopters, and container ships, battery power is now making its way to trains to replace diesel-fuelled generators that have powered locomotives for over a century. The total cost of ownership (TCO) of a battery electric train is significantly lower than that of a diesel-powered train. Switching to battery-powered electricity will likely reduce greenhouse gas emissions while improving local air quality. These battery-electric approaches promise a cleaner environment, lower rail fuel costs, and fewer premature deaths from air pollution.

    Covid-19 Impact

    The unexpected outbreak of the pandemic in 2020 dampened the market demand. As a result, there has been a significant drop in demand for batteries across industries. Furthermore, the ongoing supply chain crisis is elevating the industry's challenges. The current battery production in the USA is struggling to keep up with the rising demand. In addition to the lack of manufacturing of li-ion batteries in North America, there is also a shortage of cathode and anode materials, for which the USA is entirely dependent on producers overseas.

    The crisis in the battery supply chain paired with the travel restrictions caused major revenue losses to industry stakeholders in the first year of the pandemic (a notable decline of 3.0% in 2019-2020). However, the industry has been gradually rebounding from the year 2021. The growth in the adoption of autonomous and high-speed railways creates ample opportunities for lead-acid and lithium-ion batteries. Furthermore, ardent efforts are being made toward the conversion of diesel trains to battery electric trains to create a cleaner environment and lower fuel costs for railways.

    Segments Analysis


    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Battery Type

    Lead-acid Batteries [Flooded, VRLA-Gel, and VRLA-AGM], Lithium-ion Batteries, and Nickel-cadmium Batteries

    Lead-acid batteries are likely to remain the most dominant ones in the years to come.  

    Lithium-ion batteries are increasingly gaining acceptance in the rail industry.

    Rail Type

    Regular Trains, High-Speed Trains, Metros, Mono Rails & Trams, Locomotive, Rail Coaches, and EMUs.

    Among different trains, metros remain the biggest demand generator for batteries.  


    North America, Europe, Asia-Pacific, and Rest of the World

    Asia-Pacific, specifically, China, India, and Japan are the rail industry hubs in the region and are creating a mammoth demand for batteries.   


    By Battery Type

    The railway battery market is segmented into lead-acid batteries, lithium-ion batteries, and nickel-cadmium batteries. Among these battery types, lithium-ion batteries recorded the least decline (2.1%) in 2019-2020 and are also expected to make the fastest recovery during the forecast period. This growth is attributable to the numerous advantages offered by li-ion technology such as high energy density, low self-discharge, and low to minimal maintenance. Lead-acid battery, on the other hand, was the segment with the highest sales in 2021. Lead-acid batteries can be used in a wide range of railway applications, such as onboard power supplies and starter batteries.

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    By Rail Type

    The market is classified into regular trains, high-speed trains, metros, monorails & trams, locomotives, rail coaches, and EMUs. Metros and high-speed trains are expected to remain the key demand generators of batteries during the forecast period. High-speed and autonomous trains are mostly powered by power lines and are large energy consumers. As a result, a large number of energy-saving and storage systems are used to improve performance.

    Regional Analysis

    In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing market for railway batteries during the forecast period. Rail expansion in key countries, such as China, Japan, India, and South Korea, is booming. In addition, China and India have some of the world's largest rail networks, and high-speed trains and metro trains are popular modes of transportation in Japan. The rising demand for trains is expected to open up enormous opportunities for battery players in the region. Europe is also likely to create sizeable opportunities in the coming five years, driven by the expansion of the high-speed rail network, stringent emission regulations, and an increase in the region's adoption of lithium-ion battery technology.

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    Key Players

    The market is highly populated with the presence of several local, regional, and global players. The following are the key players in the railway battery market.

    • Saft 
    • Amara Raja Batteries Ltd.
    • Toshiba Corporation
    • Enersys
    • Exide Technologies, LLC
    • GS Yuasa Corporation
    • Zhejiang Narada Power Source Co., Ltd.
    • East Penn Manufacturing Co.
    • Shandong Sacred Sun Power Sources Co., ltd.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s railway battery market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Railway Battery Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    A Bird's Eye View of the Market

    The Railway Battery Market is likely to grow at a significant CAGR of 2.4% by 2027.

    The railway battery market is driven by the ongoing transition in the railway industry from diesel trains to battery electric trains to eliminate pollution and lower fuel costs.

    Saft, Amara Raja Batteries Ltd., Toshiba Corporation, Enersys, Exide Technologies, LLC, HOPPECKE, GS Yuasa Corporation, Zhejiang Narada Power Source Co., Ltd., East Penn Manufacturing Co., and Shandong Sacred Sun Power Sources Co., ltd. are the leading players in the market.

    Asia-Pacific is estimated to remain dominant in the railway battery market in the foreseeable future. Growth in rail expansion in key countries, such as China, Japan, India, and South Korea, is driving the railway battery demand in the region.

    Lithium-ion is estimated to be the fastest-growing battery type in the market in the coming years, owing to many advantages offered by lithium-ion battery technology such as higher energy densities and cycle life, which are well-suited to the needs of the railway industry.


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