1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.2.1 INCLUSIONS & EXCLUSIONS 23
1.3 SUMMARY OF CHANGES 23
1.4 MARKET SCOPE 24
FIGURE 1 TRAIN BATTERY MARKET: MARKET SEGMENTATION 24
1.5 LIMITATIONS 24
1.6 STAKEHOLDERS 25

2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
FIGURE 2 TRAIN BATTERY MARKET: RESEARCH DESIGN 26
FIGURE 3 RESEARCH DESIGN MODEL 27
2.2 SECONDARY DATA 28
2.2.1 KEY SECONDARY SOURCES FOR BASE NUMBERS
(LOCOMOTIVE & ROLLING STOCK) 28
2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING 28
2.2.3 KEY DATA FROM SECONDARY SOURCES 29
2.3 PRIMARY DATA 29
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 30
2.3.1 SAMPLING TECHNIQUES AND DATA COLLECTION METHODS 30
2.3.2 PRIMARY PARTICIPANTS 31
2.4 MARKET SIZE ESTIMATION 31
2.4.1 BOTTOM UP APPROACH 31
FIGURE 5 BOTTOM UP APPROACH – BY ROLLING STOCK TYPE AND BATTERY TYPE 31
2.4.2 TOP DOWN APPROACH 32
FIGURE 6 TOP DOWN APPROACH: BATTERY TECHNOLOGY AND APPLICATION 32
2.5 MARKET BREAKDOWN 33
FIGURE 7 DATA TRIANGULATION 33
2.6 ASSUMPTIONS 34
2.7 RISK ASSESSMENT AND RANGES 34
TABLE 1 RISK ASSESSMENT AND RANGES 34

3 EXECUTIVE SUMMARY 36
3.1 PRE- VS POST-COVID-19 SCENARIO 36
FIGURE 8 PRE- VS POST-COVID-19 SCENARIO: TRAIN BATTERY MARKET,
2018–2030 (‘000 USD) 36
TABLE 2 TRAIN BATTERY MARKET: PRE- VS. POST-COVID-19 SCENARIO,
2018–2030 (‘000 USD) 37
3.2 REPORT SUMMARY 37
FIGURE 9 TRAIN BATTERY MARKET OUTLOOK 37
FIGURE 10 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2020 VS. 2030 (‘000 USD) 39

4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES IN THE TRAIN BATTERY MARKET 40
FIGURE 11 RISING DEMAND FOR EMUS, AND HIGH ENERGY DENSITY BATTERIES EXPECTED TO DRIVE THE MARKET 40
4.2 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY 41
FIGURE 12 SINTER/PNE NICKEL-CADMIUM BATTERY ESTIMATED TO LEAD THE MARKET IN 2020 41
4.3 TRAIN BATTERY MARKET, BY BATTERY TYPE 41
FIGURE 13 NICKEL CADMIUM BATTERY PROJECTED TO LEAD THE MARKET BY 2030 41
4.4 TRAIN BATTERY MARKET, BY ROLLING STOCK 42
FIGURE 14 ELECTRIC LOCOMOTIVES SEGMENT TO GROW AT THE HIGHEST CAGR 42
4.5 TRAIN BATTERY MARKET, BY APPLICATION 42
FIGURE 15 AUXILIARY BATTERY SEGMENT PROJECTED TO LEAD DURING THE FORECAST PERIOD 42
4.6 TRAIN BATTERY MARKET, BY ADVANCE TRAIN 43
FIGURE 16 FULLY BATTERY OPERATED TRAINS SEGMENT PROJECTED TO LEAD DURING THE FORECAST PERIOD 43
4.7 TRAIN BATTERY MARKET, BY REGION 43
FIGURE 17 ASIA PACIFIC PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 43

5 MARKET OVERVIEW 44
5.1 INTRODUCTION 44
5.2 YEARS CONSIDERED 44
5.3 MARKET DYNAMICS 45
FIGURE 18 MARKET DYNAMICS: TRAIN BATTERY MARKET 45
5.3.1 DRIVERS 45
5.3.1.1 Emission regulations to increase the demand for energy-efficient transportation systems 45
FIGURE 19 ROLLING STOCK EMISSION REGULATIONS OUTLOOK, 2014–2030 46
5.3.1.2 Expansion of railway networks 47
TABLE 3 UPCOMING KEY RAIL PROJECTS, BY COUNTRY 47
5.3.2 RESTRAINTS 48
5.3.2.1 High capital investment and operating cost of high-speed rail network 48
5.3.3 OPPORTUNITIES 48
5.3.3.1 Aggressive plans for train electrification coupled with increasing privatization 48
5.3.4 CHALLENGES 49
5.3.4.1 Adoption of hybrid trains and hydrogen fuel cell trains 49
5.3.4.2 Increase in battery capacity and installation requirements 49
5.4 IMPACT OF COVID-19 ON ROLLING STOCK 50
5.4.1 COVID-19 HEALTH ASSESSMENT 50
FIGURE 20 COVID-19 PROPAGATION: SELECT COUNTRIES 50
5.5 TRAIN BATTERY MARKET SCENARIO 51
FIGURE 21 TRAIN BATTERY MARKET SCENARIO, 2018–2030 (‘000 USD) 51
5.5.1 MOST LIKELY/REALISTIC SCENARIO 51
TABLE 4 REALISTIC SCENARIO - TRAIN BATTERY MARKET, BY REGION,
2018–2030 (‘000 USD) 51
5.5.2 HIGH COVID-19 IMPACT SCENARIO 52
TABLE 5 HIGH COVID-19 IMPACT SCENARIO - TRAIN BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 52
5.5.3 LOW COVID-19 IMPACT SCENARIO 52
TABLE 6 LOW COVID-19 IMPACT SCENARIO - TRAIN BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 52
5.6 REVENUE SHIFT DRIVING MARKET GROWTH 53
5.7 PRICING ANALYSIS 53
TABLE 7 AVERAGE PRICES OF RAIL BATTERY TYPES, 2019 53
5.8 TECHNOLOGICAL ANALYSIS 54
5.8.1 OVERVIEW 54
5.8.1.1 MITRAC Pulse Traction Battery 54
5.8.1.2 MRX Nickel Technology Battery 54
5.8.1.3 AKASystem – lithium ion battery 55
5.8.1.4 Novel Battery Technology 55
5.8.1.5 ABB - High-power On-board Energy Storage System 55
5.9 ECOSYSTEM 55
FIGURE 22 ECOSYSTEM: TRAIN BATTERY MARKET 55
5.10 SUPPLY CHAIN 56
FIGURE 23 SUPPLY CHAIN ANALYSIS: TRAIN BATTERY MARKET 56

6 TRAIN BATTERY MARKET, BY BATTERY TYPE 58
6.1 INTRODUCTION 59
6.1.1 RESEARCH METHODOLOGY 59
6.1.2 ASSUMPTIONS/LIMITATIONS 59
6.1.3 INDUSTRY INSIGHTS 60
FIGURE 24 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2020 VS. 2030 (‘000 USD) 60
TABLE 8 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 60
TABLE 9 TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 61
6.2 LEAD ACID BATTERY 61
6.2.1 LOW COST AND HIGH RELIABILITY TO DRIVE DEMAND 61
TABLE 10 LEAD ACID BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 61
TABLE 11 LEAD ACID BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 62
6.3 NICKEL CADMIUM BATTERY 62
6.3.1 HIGH ENERGY DENSITY AND TEMPERATURE RESISTIVITY TO DRIVE DEMAND 62
TABLE 12 NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 63
TABLE 13 NICKEL CADMIUM BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 63
6.4 LITHIUM ION BATTERY 63
6.4.1 HIGH ENERGY DENSITY AND ZERO MAINTENANCE TO DRIVE DEMAND 63
TABLE 14 LITHIUM ION BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 64
TABLE 15 LITHIUM ION BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 64

7 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY 65
7.1 INTRODUCTION 66
7.1.1 RESEARCH METHODOLOGY 66
7.1.2 ASSUMPTIONS/LIMITATIONS 66
7.1.3 INDUSTRY INSIGHTS 66
FIGURE 25 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY, 2020 VS. 2030 (UNITS) 67
TABLE 16 TRAIN BATTERY MARKET, BY BATTERY TECHNOLOGY, 2018–2030 (UNITS) 67
7.2 CONVENTIONAL LEAD ACID BATTERY 67
7.2.1 HIGH CURRENT CAPABILITY OF CONVENTIONAL LEAD ACID BATTERY 67
TABLE 17 CONVENTIONAL LEAD ACID BATTERY MARKET, BY REGION,
2018–2030 (UNITS) 68
7.3 VALVE REGULATED LEAD ACID (VRLA) BATTERY 68
7.3.1 RELIABILITY AND MAINTENANCE ARE EXPECTED TO DRIVE DEMAND 68
TABLE 18 VRLA BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 68
7.4 GEL TUBULAR LEAD ACID BATTERY 69
7.4.1 HIGH CURRENT APPLICATIONS EXPECTED TO INCREASE DEMAND 69
TABLE 19 GEL TUBULAR LEAD ACID BATTERY MARKET, BY REGION,
2018–2030 (UNITS) 69
7.5 SINTER/PNE NICKEL CADMIUM BATTERY 70
7.5.1 RELIABILITY AND HIGH POWER APPLICATIONS EXPECTED TO DRIVE DEMAND 70
TABLE 20 SINTER/PNE NI-CD BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 70
7.6 POCKET PLATE NICKEL CADMIUM BATTERY 70
7.6.1 LOW MAINTENANCE AND EFFICIENCY EXPECTED TO DRIVE DEMAND 70
TABLE 21 POCKET PLATE NI-CD TRAIN BATTERY MARKET, BY REGION,
2018–2030 (UNITS) 71
7.7 FIBER/PNE NICKEL CADMIUM BATTERY 71
7.7.1 HIGH TEMPERATURE RESISTIVITY AND LOW WEIGHT EXPECTED TO
DRIVE DEMAND 71
TABLE 22 FIBER/PNE NI-CD TRAIN BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 71
7.8 LITHIUM ION BATTERY 72
7.8.1 LOW SELF-DISCHARGE AND HIGH ENERGY DENSITY TO DRIVE DEMAND 72
TABLE 23 LITHIUM ION TRAIN BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 72

8 TRAIN BATTERY MARKET, BY ROLLING STOCK 73
8.1 INTRODUCTION 74
8.1.1 RESEARCH METHODOLOGY 74
8.1.2 ASSUMPTIONS/LIMITATIONS 74
8.1.3 INDUSTRY INSIGHTS 75
FIGURE 26 TRAIN BATTERY MARKET, BY ROLLING STOCK, 2020 VS. 2030 (‘000 USD) 75
TABLE 24 TRAIN BATTERY MARKET, BY ROLLING STOCK, 2018–2030 (UNITS) 75
TABLE 25 TRAIN BATTERY MARKET, BY ROLLING STOCK, 2018–2030 (000’ USD) 76
8.2 DIESEL LOCOMOTIVES 76
8.2.1 FREIGHT TRAINS ARE EXPECTED TO DRIVE DEMAND 76
TABLE 26 DIESEL LOCOMOTIVES BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 76
TABLE 27 DIESEL LOCOMOTIVES BATTERY MARKET, BY REGION,
2018–2030 (‘000 USD) 77
8.3 DIESEL MULTIPLE UNITS (DMUS) 77
8.3.1 URBAN RAIL NETWORK TO DRIVE THE DEMAND 77
TABLE 28 DMUS BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 77
TABLE 29 DMUS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 78
8.4 ELECTRIC LOCOMOTIVES 78
8.4.1 LOW MAINTENANCE COST AND HIGHER EFFICIENCY TO DRIVE DEMAND 78
TABLE 30 ELECTRIC LOCOMOTIVES BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 78
TABLE 31 ELECTRIC LOCOMOTIVES BATTERY MARKET, BY REGION,
2018–2030 (‘000 USD) 79
8.5 ELECTRIC MULTIPLE UNITS (EMUS) 79
8.5.1 LONG DISTANCE TRAVELLING EXPECTED TO DRIVE DEMAND 79
TABLE 32 EMUS BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 79
TABLE 33 EMUS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 80
8.6 METROS 80
8.6.1 EXPANSION OF URBAN RAIL EXPECTED TO DRIVE DEMAND 80
TABLE 34 METROS BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 80
TABLE 35 METROS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 81
8.7 HIGH-SPEED TRAINS 81
8.7.1 INCREASE IN INFRASTRUCTURE AND FASTER MODE OF TRANSPORTATION EXPECTED TO DRIVE DEMAND 81
TABLE 36 HIGH-SPEED TRAINS BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 81
TABLE 37 HIGH SPEED TRAINS BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 82
8.8 LIGHT RAILS/TRAMS/MONORAILS 82
8.8.1 RAPID URBANIZATION TO DRIVE THE DEMAND 82
TABLE 38 LIGHT RAILS/TRAMS/MONORAILS BATTERY MARKET, BY REGION,
2018–2030 (UNITS) 82
TABLE 39 LIGHT RAILS/TRAMS/MONORAILS BATTERY MARKET, BY REGION,
2018–2030 (‘000 USD) 83
8.9 PASSENGER COACHES 83
8.9.1 INCREASE IN RAIL EXPANSION EXPECTED TO DRIVE DEMAND 83
TABLE 40 PASSENGER COACHES BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 83
TABLE 41 PASSENGER COACHES BATTERY MARKET, BY REGION,
2018–2030 (‘000 USD) 84

9 TRAIN BATTERY MARKET, BY APPLICATION 85
9.1 INTRODUCTION 86
9.1.1 RESEARCH METHODOLOGY 86
9.1.2 ASSUMPTIONS/LIMITATIONS 86
9.1.3 INDUSTRY INSIGHTS 86
FIGURE 27 TRAIN BATTERY MARKET, BY APPLICATION, 2020 VS. 2030 (‘000 USD) 87
TABLE 42 TRAIN BATTERY MARKET, BY APPLICATION, 2018–2030 (UNITS) 87
TABLE 43 TRAIN BATTERY MARKET, BY APPLICATION, 2018–2030 (‘000 USD) 87
9.2 STARTER BATTERY 88
9.2.1 DIESEL & HYBRID LOCOMOTIVES ARE EXPECTED TO DRIVE DEMAND 88
TABLE 44 STARTER BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 88
TABLE 45 STARTER BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 88
9.3 AUXILIARY FUNCTION BATTERY (HVAC, DOORS, INFOTAINMENT) 89
9.3.1 METRO & HIGH-SPEED TRAINS TO DRIVE DEMAND FOR AUXILIARY
FUNCTION BATTERIES 89
TABLE 46 AUXILIARY FUNCTION BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 89
TABLE 47 AUXILIARY FUNCTION BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 89

10 ADVANCE TRAIN BATTERY MARKET, BY TRAIN TYPE 90
10.1 INTRODUCTION 91
10.1.1 RESEARCH METHODOLOGY 91
10.1.2 ASSUMPTIONS/LIMITATIONS 91
10.1.3 INDUSTRY INSIGHTS 92
FIGURE 28 ADVANCE TRAIN BATTERY MARKET, BY TRAIN TYPE,

2020 VS. 2030 (‘000 USD) 92
TABLE 48 ADVANCE TRAIN BATTERY MARKET, BY TRAIN TYPE, 2025–2030 (UNITS) 92
TABLE 49 ADVANCE TRAIN BATTERY MARKET, BY TRAIN TYPE, 2025–2030 (‘000 USD) 93
10.2 AUTONOMOUS TRAINS 93
10.2.1 TECHNOLOGICAL ADVANCEMENTS TO DRIVE DEMAND 93
TABLE 50 AUTONOMOUS TRAINS BATTERY MARKET, BY REGION, 2025–2030 (UNITS) 93
TABLE 51 AUTONOMOUS TRAINS BATTERY MARKET, BY REGION,
2025–2030 (‘000 USD) 94
10.3 HYBRID LOCOMOTIVES 94
10.3.1 HYDROGEN FUEL CELL TRAINS AND REGULATIONS TO DRIVE DEMAND 94
TABLE 52 HYBRID LOCOMOTIVES BATTERY MARKET, BY REGION, 2025–2030 (UNITS) 95
TABLE 53 HYBRID LOCOMOTIVES BATTERY MARKET, BY REGION,
2025–2030 (‘000 USD) 95
10.4 FULLY BATTERY OPERATED TRAINS 95
10.4.1 CATENARY FREE LINES TO DRIVE THE DEMAND 95
TABLE 54 FULLY BATTERY OPERATED TRAINS BATTERY MARKET, BY REGION,
2025–2030 (UNITS) 96
TABLE 55 FULLY BATTERY OPERATED TRAINS BATTERY MARKET, BY REGION,
2025–2030 (‘000 USD) 96

11 TRAIN BATTERY MARKET, BY REGION 97
11.1 INTRODUCTION 98
FIGURE 29 TRAIN BATTERY MARKET: ASIA PACIFIC PROJECTED TO GROW AT THE HIGHEST CAGR (2020–2030) 98
11.1.1 RESEARCH METHODOLOGY 99
11.1.2 ASSUMPTIONS 99
FIGURE 30 INDUSTRY INSIGHTS 99
FIGURE 31 TRAIN BATTERY MARKET, BY REGION, 2020 VS. 2030 (‘000 USD) 100
TABLE 56 TRAIN BATTERY MARKET, BY REGION, 2018–2030 (UNITS) 100
TABLE 57 TRAIN BATTERY MARKET, BY REGION, 2018–2030 (‘000 USD) 100
11.2 ASIA PACIFIC 101
FIGURE 32 ASIA PACIFIC TRAIN BATTERY MARKET SNAPSHOT 101
TABLE 58 ASIA PACIFIC TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (UNITS) 102
TABLE 59 ASIA PACIFIC TRAIN BATTERY MARKET, BY COUNTRY,
2018–2030 (‘000 USD) 102
11.2.1 CHINA 102
11.2.1.1 High-speed trains are expected to drive the market 102
TABLE 60 CHINA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 102
TABLE 61 CHINA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 103
11.2.2 INDIA 103
11.2.2.1 Expansion and electrification of rail networks expected to drive demand 103
TABLE 62 INDIA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 UNITS) 103
TABLE 63 INDIA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 104
11.2.3 JAPAN 104
11.2.3.1 High-speed EMUs are projected to drive demand 104
TABLE 64 JAPAN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 104
TABLE 65 JAPAN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 105
11.2.4 SOUTH KOREA 105
11.2.4.1 Strong urban rail network to drive demand 105
TABLE 66 SOUTH KOREA TRAIN BATTERY MARKET, BY BATTERY TYPE,
2018–2030 (UNITS) 105
TABLE 67 SOUTH KOREA TRAIN BATTERY MARKET, BY BATTERY TYPE,
2018–2030 (‘000 USD) 106
11.3 EUROPE 106
FIGURE 33 EUROPE TRAIN BATTERY MARKET SNAPSHOT 107
TABLE 68 EUROPE TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (UNITS) 108
TABLE 69 EUROPE TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (‘000 USD) 108
11.3.1 FRANCE 109
11.3.1.1 Rapid developments in high-speed rail expected to boost demand 109
TABLE 70 FRANCE TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 109
TABLE 71 FRANCE TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 109
11.3.2 GERMANY 110
11.3.2.1 Short distance rail transportation to drive demand 110
TABLE 72 GERMANY TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 110
TABLE 73 GERMANY TRAIN BATTERY MARKET, BY BATTERY TYPE,
2018–2030 (‘000 USD) 110
11.3.3 ITALY 111
11.3.3.1 Increase in demand for batteries for EMUs to drive market 111
TABLE 74 ITALY TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018– 2030 (UNITS) 111
TABLE 75 ITALY TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 111
11.3.4 SPAIN 112
11.3.4.1 High-speed trains to drive future demand 112
TABLE 76 SPAIN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 112
TABLE 77 SPAIN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 112
11.3.5 UK 113
11.3.5.1 Urban rail developments to drive future demand 113
TABLE 78 UK TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 113
TABLE 79 UK TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 113
11.3.6 SWITZERLAND 114
11.3.6.1 Passenger trains to drive demand for batteries 114
TABLE 80 SWITZERLAND TRAIN BATTERY MARKET, BY BATTERY TYPE,
2018–2030 (UNITS) 114
TABLE 81 SWITZERLAND TRAIN BATTERY MARKET, BY BATTERY TYPE,
2018–2030 (‘000 USD) 114
11.3.7 POLAND 115
11.3.7.1 Intercity trains to drive demand for train batteries 115
TABLE 82 POLAND TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 115
TABLE 83 POLAND TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 115
11.3.8 SWEDEN 116
11.3.8.1 Rising demand for EMUs and passenger trains to drive market 116
TABLE 84 SWEDEN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 116
TABLE 85 SWEDEN TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 116
11.4 NORTH AMERICA 117
FIGURE 34 NORTH AMERICA TRAIN BATTERY MARKET, BY COUNTRY,

2020 VS 2030 (‘000 USD) 117
TABLE 86 NORTH AMERICA TRAIN BATTERY MARKET, BY COUNTRY,
2018–2030 (UNITS) 117
TABLE 87 NORTH AMERICA TRAIN BATTERY MARKET, BY COUNTRY,
2018–2030 (‘000 USD) 118
11.4.1 US 118
11.4.1.1 Demand for diesel locomotives to drive market 118
TABLE 88 US TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 118
TABLE 89 US TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 118
11.4.2 CANADA 119
11.4.2.1 Commuter trains such as metros and passenger rails are projected to drive demand for train batteries 119
TABLE 90 CANADA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 119
TABLE 91 CANADA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 119
11.4.3 MEXICO 120
11.4.3.1 Catenary free rail track expected to drive market 120
TABLE 92 MEXICO TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 120
TABLE 93 MEXICO TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 120
11.5 REST OF THE WORLD (ROW) 121
FIGURE 35 ROW: TRAIN BATTERY MARKET, BY COUNTRY, 2020 VS 2030 (‘000 USD) 121
TABLE 94 ROW TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (UNITS) 121
TABLE 95 ROW TRAIN BATTERY MARKET, BY COUNTRY, 2018–2030 (‘000 USD) 122
11.5.1 RUSSIA 122
11.5.1.1 Demand for low operating temperature batteries to drive market 122
TABLE 96 RUSSIA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 122
TABLE 97 RUSSIA TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 122
11.5.2 BRAZIL 123
11.5.2.1 Demand for high power density batteries to drive market 123
TABLE 98 BRAZIL TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (UNITS) 123
TABLE 99 BRAZIL TRAIN BATTERY MARKET, BY BATTERY TYPE, 2018–2030 (‘000 USD) 123

12 RECOMMENDATIONS FROM MARKETSANDMARKETS 124
12.1 ASIA PACIFIC IS THE POTENTIAL MARKET FOR TRAIN BATTERY MANUFACTURERS TO FOCUS FOR 124
12.2 BATTERY TECHNOLOGIES WITH HIGH ENERGY DENSITY OFFERED AT AN ECONOMIC COST IS THE NEED OF THE FUTURE 125
12.3 CONCLUSION 125

13 COMPETITIVE LANDSCAPE 126
13.1 OVERVIEW 126
13.2 MARKET EVALUATION FRAMEWORK 126
FIGURE 36 MARKET EVALUATION FRAMEWORK: TRAIN BATTERY MARKET 126
13.3 TRAIN BATTERY MARKET: MARKET RANKING ANALYSIS 127
FIGURE 37 TRAIN BATTERY MARKET RANKING ANALYSIS, 2019 127
FIGURE 38 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS/ PARTNERSHIPS/ AGREEMENTS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES
AS THE KEY GROWTH STRATEGIES, 2017–2019 129
13.4 COMPETITIVE SCENARIO 130
13.4.1 NEW PRODUCT DEVELOPMENTS/LAUNCHES 130
TABLE 100 NEW PRODUCT DEVELOPMENTS/LAUNCHES (2017–2020) 130
13.4.2 EXPANSIONS 131
TABLE 101 EXPANSIONS, (2017-2019) 131
13.4.3 PARTNERSHIPS/CONTRACTS/ACQUISITIONS 133
TABLE 102 PARTNERSHIPS/SUPPLY CONTRACTS/ACQUISITIONS, (2017-2019) 133
13.5 RIGHT TO WIN 137

14 COMPANY EVALUATION MATRIX AND COMPANY PROFILES 142
14.1 MARKET EVALUATION FRAMEWORK 142
14.1.1 TERMINOLOGY 142
14.1.2 STARS 142
14.1.3 EMERGING LEADERS 142
14.1.4 PERVASIVE 142
14.1.5 EMERGING COMPANIES 143
14.2 COMPANY EVALUATION MATRIX FOR TRAIN BATTERY MANUFACTURERS 143
FIGURE 39 TRAIN BATTERY MARKET: COMPANY EVALUATION MATRIX (2019) 143
14.3 STRENGTH OF PRODUCT PORTFOLIO 144
FIGURE 40 STRENGTH OF PRODUCT PORTFOLIO OF TOP PLAYERS IN TRAIN BATTERY MARKET 144
14.4 BUSINESS STRATEGY EXCELLENCE 145
FIGURE 41 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN TRAIN BATTERY MARKET 145

15 COMPANY PROFILES 146
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
15.1 ENERSYS 146
FIGURE 42 ENERSYS: COMPANY SNAPSHOT 146
TABLE 103 ENERSYS: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 147
TABLE 104 ENERSYS: INORGANIC DEVELOPMENTS 148
15.2 SAFT 150
FIGURE 43 SAFT: COMPANY SNAPSHOT 150
TABLE 105 SAFT: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS) 151
TABLE 106 SAFT: INORGANIC DEVELOPMENTS 152
15.3 GS YUASA CORPORATION 155
FIGURE 44 GS YUASA CORPORATION: COMPANY SNAPSHOT 155
TABLE 107 GS YUASA CORPORATION: ORGANIC DEVELOPMENTS 156
TABLE 108 GS YUASA CORPORATION: INORGANIC DEVELOPMENTS 157
15.4 EXIDE INDUSTRIES LTD. 159
FIGURE 45 EXIDE INDUSTRIES LTD.: COMPANY SNAPSHOT 159
TABLE 109 EXIDE INDUSTRIES LTD.: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 160
TABLE 110 EXIDE INDUSTRIES LTD.: INORGANIC DEVELOPMENTS 160
15.5 AMARA RAJA BATTERIES LTD. 162
FIGURE 46 AMARA RAJA BATTERIES LTD.: COMPANY SNAPSHOT 162
TABLE 111 AMARA RAJA BATTERIES LTD.: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS) 163
15.6 HOPPECKE BATTERIEN GMBH & CO. KG 164
TABLE 112 HOPPECKE BATTERIEN GMBH & CO. KG: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS) 165
TABLE 113 HOPPECKE BATTERIEN GMBH & CO. KG: INORGANIC DEVELOPMENTS 165
15.7 SEC BATTERY 166
15.8 FIRST NATIONAL BATTERY 167
15.9 POWER & INDUSTRIAL BATTERY SYSTEMS GMBH 168
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
15.10 ADDITIONAL COMPANIES 169
15.10.1 HITACHI 169
15.10.1.1 Business overview 169
15.10.2 EAST PENN MANUFACTURING COMPANY 169
15.10.2.1 Business overview 169
15.10.2.2 Products offered 169
15.10.3 AEG POWER SOLUTIONS 169
15.10.3.1 Business overview 169
15.10.3.2 Products offered 170
15.10.4 SYSTEMS SUNLIGHT 170
15.10.4.1 Business overview 170
15.10.4.2 Products offered 170
15.10.5 THE FURUKAWA BATTERY CO., LTD. 171
15.10.5.1 Business overview 171
15.10.5.2 Products offered 171
15.10.6 HUNAN FENGRI POWER & ELECTRIC CO. LTD. 171
15.10.6.1 Business overview 171
15.10.6.2 Products offered 171
15.10.7 CHINA SHOTO 172
15.10.7.1 Business overview 172
15.10.7.2 Products offered 172
15.10.8 COSLIGHT INDIA 172
15.10.8.1 Business overview 172
15.10.8.2 Products offered 172
15.10.9 SHIELD BATTERIES LIMITED 173
15.10.9.1 Business overview 173
15.10.9.2 Products offered 173
15.10.10 AKASOL AG 173
15.10.10.1 Business overview 173
15.10.10.2 Products offered 173
15.10.11 DMS TECHNOLOGIES 174
15.10.11.1 Business overview 174
15.10.11.2 Products offered 174
15.10.12 NATIONAL RAILWAY SUPPLY 174
15.10.12.1 Business overview 174
15.10.12.2 Products offered 174
15.10.13 LECLANCHE 175
15.10.13.1 Business overview 175
15.10.13.2 Products offered 175

16 APPENDIX 176
16.1 CURRENCY & PRICING 176
TABLE 114 CURRENCY EXCHANGE RATES (WRT PER USD) 176
16.2 KEY INSIGHTS OF INDUSTRY EXPERTS 177
16.3 DISCUSSION GUIDE 177
16.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 181
16.5 AVAILABLE CUSTOMIZATIONS 183
16.5.1 TRAIN BATTERY MARKET, BY APPLICATION, BY ROLLING STOCK 183
16.5.1.1 Engine Starters 183
16.5.1.2 Auxiliary Functions 183
16.5.2 TRAIN BATTERY MARKET, BY ROLLING STOCK, BY BATTERY TYPE 183
16.5.2.1 Lead Acid 183
16.5.2.2 Nickel-Cadmium 183
16.5.2.3 Lithium-Ion 183
16.6 RELATED REPORTS 183
16.7 AUTHOR DETAILS 184