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Global Battery Market for Railways 2016-2020

  • Published: Sep 2016
  • Pages: 67
  • SKU: IRTNTR10386
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This industry research report identifies EnerSys, Exide India Limited, Exide Technologies, HBL, and Saftas as the key vendors in the global battery market for railways. This report also presents a competitive analysis of the market by end-users (locomotives, rapid-transit vehicles, and railroad cars), by battery type (Lead-acid, Li-ion, and Ni-Cd), and by geography (the Americas, APAC, and EMEA).

 

Overview of the global battery market for railways

Market research analysts at Technavio have predicted that the global battery market for railways will grow steadily during the predicted period and will grow at a CAGR of almost 4% by 2020. The recent years have witnessed a constant focus on reducing fuel import which has resulted in the rise in railway electrification projects. Also, diesel engines are not economical, they have high maintenance costs, and have an adverse impact on the environment, which also calls for the electrification of railway services. It has been observed that the average diesel consumption of the Indian Railways amounted to about USD 30 million till 2016. Focusing on reducing fuel consumption, the government has already implemented plans to electrify 35000 km of railways lines during the next three years. This trend will continue in several countries across the world, where a number of countries will start converting their diesel engine tracks into electric railroads. This will subsequently result in the purchase of more electric engines, in turn, propelling the demand for train batteries.

This market research and analysis predicts that in terms of geographical regions, EMEA will dominate the market throughout the next four years and will account for about 57% of the total market shares by 2020. An increase in R&D investment by leading railway vendors such as Alstom, Siemens, and Standler and a rise in the number of railway infrastructure projects in countries such as France and Germany, will propel the growth of the market in this region.

Competitive landscape and key vendors

The market is characterized by the presence of a moderate number of well-established global, regional, and small vendors. The international vendors offer better products at a comparatively lower price which helps them have a competitive edge over the regional vendors. Vendors mainly compete on the basis of factors such as brand recognition, product quality, reliability, durability, energy density, and price. The competition among vendors is moderate where major vendors from the European and Chinese companies have strong market positions due to their vast geographical presence. Moreover, the high capital investment makes it difficult for new players to enter the railway batteries market, which will result in maintaining a moderate vendor competition in the next four years.

The leading vendors in the market are -

  • EnerSys
  • Exide India Limited
  • Exide Technologies
  • HBL
  • Saftas

The other prominent vendors in the market are Amara Raja, Exide India Limited, GS Yuasa, and HOPPECKE.

Segmentation by end-users and analysis of the battery market for railways

  • Locomotives
  • Rapid-transit vehicles
  • Railroad cars

During 2015, the rapid-transit vehicles segment accounted for more than 35% of the total market shares and dominated this market. The growth of this market segment will mainly attribute to the rise in demand for high-speed trains in Asia and the Middle East. Constant investments from these regions towards railway infrastructure projects, especially in light rail vehicles (LRV) and in electrifying railway tracks and the rise in demand for rolling stocks from countries such as the US, the UK, China, and India will fuel the growth of this market segment.

Segmentation by battery and analysis of the battery market for railways

  • Lead-acid
  • Li-ion (lithium-ion)
  • Ni-Cd (nickel-cadmium)

This market study predicts that though the lead-acid batteries segment dominated the industry during 2015, the advantages such as better life cycle and effective operation in low temperature will increase the adoption of Ni-Cd batteries and as a result, the Ni-Cd battery segment will dominate the market by the end of the forecast period. Analysts estimate this segment to account for about 49% of the total market shares and also predict this market segment to grow at a CAGR of almost 5% by 2020.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global battery market for railways?
  • What are the key market trends impacting the growth of the global battery market for railways?
  • What are the challenges to market growth?
  • Who are the key vendors in the global battery market for railways?
  • What are the market opportunities and threats faced by the vendors in the global battery market for railways?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global battery market for railways?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Five forces analysis

PART 06: Market segmentation by end-users

  • Global battery market for railways by end-users
  • Global battery market for railways by rapid transit vehicles
  • Global battery market for railways by railroad cars
  • Global battery market for railways by locomotives

PART 07: Market segmentation by battery type

  • Global battery market for railways by battery type
  • Global battery market for railways by LAB
  • Global battery market for railways by Ni-Cd
  • Global battery market for railways by Li-ion battery

PART 08: Market segmentation by geography

  • Global battery market for railways by geography
  • Battery market for railways in EMEA
  • Battery market for railways in Americas
  • Battery market for railways in APAC

PART 09: Market drivers

  • Rise in railway electrification projects to reduce fuel import
  • Increased investments across major countries to tap railway potential
  • Growing requirement of environmental and sustainable transport mode driving green railways

PART 10: Impact of drivers

PART 11: Market challenges

  • Lack of private sector participation hampering growth of railways in developing countries
  • High initial investment in rolling stocks
  • Economic uncertainty and railway transport hit by oil price collapse
  • Slow progress of railway projects

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Emergence of new energy technologies to transform railway industry into clean energy mode
  • Increase in implementation of high-speed railway lines
  • Growth in urban mobility solutions

PART 14: Vendor landscape

  • Competitive landscape
  • Other prominent vendors

PART 15: Key vendor analysis

  • EnerSys
  • Exide India Limited
  • Exide Technologies
  • HBL
  • Saft

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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