Dublin, July 04, 2023 (GLOBE NEWSWIRE) -- The "Global Train Battery Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The global train battery market is projected to experience substantial growth, with a forecasted CAGR of 5.45% during the period of 2022-2027.
The market is anticipated to expand by $179.11 million, driven by factors such as the efficiency-driven potential of IoT and big data, consolidation in the railway industry, and advancements in automotive battery technology.
The report on the train battery market provides a holistic analysis, encompassing market size and forecast, trends, growth drivers, challenges, and vendor analysis of key industry players. It offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
Key reasons to purchase the train battery market report:
- Comprehensive analysis of market size, trends, and forecasts
- Insights into the latest market developments and drivers
- Holistic understanding of the market environment
- Vendor analysis covering key industry players
- Upcoming trends and challenges shaping market growth
- Strategic guidance to leverage growth opportunities
The increasing adoption of high-speed and autonomous railways, along with the growing budget allocation for railway development and the demand for sustainable alternatives due to pollution, are driving the train battery market.
The train battery market is segmented based on application, including auxiliary battery and starter battery, as well as battery type, including lead-acid, lithium-ion, and nickel cadmium. Geographically, the market covers Europe, APAC, North America, South America, and the Middle East and Africa.
The report presents a detailed picture of the market through the synthesis and summation of data from multiple sources, providing an analysis of key parameters. It covers various aspects of the train battery market, including market sizing, forecasting, and industry analysis.
Companies Mentioned:
- Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
- AEG Power Solutions BV
- Amara Raja Group
- East Penn Manufacturing Co. Inc.
- EnerSys
- Exide Industries Ltd.
- First National Battery
- Furukawa Electric Co. Ltd.
- HBL Power Systems Ltd.
- Hitachi Ltd.
- JFM Engineering Inc.
- Leclanche SA
- Microtex Energy Pvt. Ltd.
- Saft Groupe SAS
- Schaltbau Holding AG
- Star Battery Ltd.
- Stryten Energy
- Toshiba Corp.
- Wisdom Industrial Power Co. Ltd.
- GS Yuasa Corp.
For more information about this report visit https://www.researchandmarkets.com/r/p72twb
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