What is Railway Li-ion Battery?
Railway Li-ion battery are typically used in stationary or rolling stock applications. Railway Li-ion battery in rolling stock are used for locomotive starting, lighting, and onboard auxiliary systems in engines and coaches. Stationary batteries provide backup power for railroad crossings, signal towers, and signaling systems in the event of an emergency. Railway Li-ion battery are also used to provide illumination, fans, air conditioning, and other electrical needs for traveling passengers. As a result, battery capacity, robustness, reliability, and performance are critical for effective utilization. To ensure the above-mentioned features, the batteries are received at the railway workshop once every eighteen months. These characteristics are ensured through various tests. The discharge process is one of the performance tests performed on batteries to determine their capacity and reliability. The railway battery is a lead-acid battery, which is the most popular rechargeable battery in the world. Both the battery and the manufacturing process are cost-effective and dependable. These are specifically designed for railway applications and can withstand extreme cycling.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Saft Batteries (France), Hoppecke (Germany), GS Yuasa (Japan), Toshiba (Japan), Hitachi (Japan), Leclanché (Switzerland), AKASOL AG (Germany), Kokam (South Korea), A123 Systems LLC (United States) and Automotive Energy Supply Corporation (AESC) (Japan) |
The study covers a detailed analysis segmented by key business segments i.e. by type (G-NMC and LTO) , by application (Autonomous Railway and Hybrid Railway) and major geographies. Research Analyst at AMA predicts that Japanese Manufacturers will contribute to the maximum growth of Global Railway Li-ion Battery market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Railway Li-ion Battery market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Saft Batteries (France), Hoppecke (Germany), GS Yuasa (Japan), Toshiba (Japan), Hitachi (Japan), Leclanché (Switzerland), AKASOL AG (Germany), Kokam (South Korea), A123 Systems LLC (United States) and Automotive Energy Supply Corporation (AESC) (Japan).
Market Overview:
On 6th May 2021, GS Yuasa Corporation announced that its consolidated subsidiary, GS Yuasa International Ltd. ("GS Yuasa"), has completed the acquisition of all of the shares of Sanken Densetsu Co., Ltd. ("Sanken Densetsu"), converting it to a consolidated subsidiary of the Company, as detailed below. The share acquisition was carried out by a share transfer agreement between the company and Sanken Electric Co., Ltd. ("Sanken Electric") relating to the acquisition of Sanken Electric's Infrastructure Business, which was first announced. Sanken Densetsu's trading name has been changed to "GS Yuasa Infrastructure Systems Co., Ltd." as a result of the acquisition.
Even if regulations are changed to allow the transport of lithium batteries, shipping and transportation companies bear a significant amount of responsibility for ensuring safety during transit. "Understanding the dangers is critical," said Peregrine Structure and Organization, which said its risk mitigation director.
This study examines the following major competitors and their capacity in the global railway Li-ion battery market, as well as recent developments such as mergers, acquisitions, and investments. The research also includes a SWOT analysis and a thorough industry analysis based on Porter's five forces model. It contrasts how different market participants develop strategies to outperform competitors and increase profits.
Influencing Trend:
Increase Investment in Research and Development Procedure and Intense Market Rivalry
Market Growth Drivers:
Growing Requirement for the Li-Ion Battery for Railway and Rise in Requirement of High Capacity Batteries in Railways
Challenges:
Continuous Development in Technology, Battery Safety Concerns and Lack of Standards
Restraints:
Continuous Development in Technology, High Initial and Maintenance Cost and The Slowdown in Economy Because of Coronavirus Pandemic
Opportunities:
Innovative & Advanced Battery Swapping Models and Services rapid and Demand for Railway Li-Ion Battery is growing in the Asia Pacific Region
Key highlights of the Global Railway Li-ion Battery market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Railway Li-ion Battery market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Railway Li-ion Battery market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Railway Li-ion Battery Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Railway Li-ion Battery market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Railway Li-ion Battery market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Railway Li-ion Battery Manufacturers, Railway Li-ion Battery Suppliers & Distributors, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.