Train Battery Market

1
Train battery market is projected to reach USD
703.2 million by 2025

• Train battery market is projected to grow at a
  CAGR of 5.15 from 2018 to 2025

2
The train battery market is primarily driven by
the increasing population which has led to the
demand for rail transport and railway
electrification across the globe. The train
battery market is projected to grow at a CAGR of
5.15 from 2018 to 2025. From a market size of
USD 445.4 million in 2017, it is projected to
reach USD 703.2 million by 2025.

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3
Train Battery Market Target Audience

• Battery source, module, and other component
  suppliers for train battery systems
• Dealers and distributors of train battery systems
• Government regulatory authorities
• Industry associations
• Raw material manufacturers of train battery
  components (suppliers for Tier I)
• Regional manufacturer associations
• Train battery technology suppliers

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Starter batteries is estimated to have the
fastest growth in the train battery
marketStarter batteries in trains provide power
to perform several pre-start functions such as
powering up hydraulic pumps, air compressors, and
brake systems mandatory for smooth engine start
without any damage to engine components. The
growing demand for locomotives in developing
countries such as china and india augurs well for
the train battery market. China is planning to
have 45,000 kms of high speed rail network by
2025.

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Increasing expansion for rail networks and
advancements in the train sets would drive the
Asia pacific train battery marketthe study
considers china, japan, India, and south Korea
for the Asia pacific train battery market. China
and India are the countries with the largest
population, globally. There is also an increase
in urban population observed in these countries,
which has initiated the demand for urban public
transport systems. The Chinese and Indian
governments have sanctioned multiple metro rail
and light rail projects, planned to be completed
in the coming years

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6
Browse 94 market data tables and 40 figures
spread through 136 pages and in-depth TOC
on "train battery market - global forecast to
2025"This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.

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