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
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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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 Request for Sample Report
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Starter batteries is estimated to have the fastest growth in the train battery market Starter 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 market the 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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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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