Connect with us

Technology

Train Battery Market Size Expected to Attain USD 448.0 Million by 2034 with 4.6% CAGR| Exclusive Report by Transparency Market Research Inc.

Published

on

The global train battery market is growing due to increased monorail adoption and significant government investments in railway modernization.

WILMINGTON, Del., July 12, 2024 /PRNewswire/ — The global train battery market stood at US$ 269.3 million in 2023, and the global market is projected to reach US$ 448 million in 2034. The train battery market is anticipated to expand at a CAGR of 4.6% between 2024 and 2034.

The global train battery market is experiencing significant growth driven by several key factors. One of the primary drivers is the increasing adoption of monorails, which are seen as a cost-effective and efficient solution for urban transportation.

Monorails, being lighter and requiring less infrastructure compared to traditional rail systems, are gaining popularity in cities around the world. This adoption necessitates reliable and efficient battery systems, thereby fueling the demand for train batteries.

Another crucial factor contributing to market growth is the surge in government investments aimed at modernizing railway infrastructure. Governments across various regions are recognizing the importance of upgrading their rail networks to enhance efficiency, reduce carbon emissions, and provide better services to passengers. These modernization efforts often include the integration of advanced battery technologies to power trains more sustainably and efficiently.

Technological advancements in train battery technology are also playing a pivotal role in market expansion. Companies are investing heavily in research and development to introduce innovative battery systems that offer improved performance, longer life cycles, and greater energy efficiency.

Request Sample Report and Drive Impactful Decisions!
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55077 

The focus is on developing batteries that can support the growing demand for cleaner and more sustainable railway operations. This includes the creation of lithium-ion and solid-state batteries, which are known for their high energy density and environmental benefits.

The shift towards greener transportation solutions is further propelling the market. Train battery systems are seen as a critical component in reducing carbon emissions and mitigating the impact of transportation on climate change. By replacing traditional diesel engines with battery-powered alternatives, the railway sector can significantly cut down its carbon footprint.

The global train battery market is on a robust growth trajectory, driven by the increasing adoption of monorails, substantial government investments in railway modernization, and continuous technological advancements. These factors are collectively steering the market towards a more sustainable and efficient future in railway transportation.

Train Battery Market Report Scope:

Report Coverage

Details 

Forecast Period  

2024-2034

Base Year  

2020-2022

Size in 2023

US$ 269.3 Mn

Forecast (Value) in 2034

US$ 448.0 Mn

Growth Rate (CAGR) 

4.6 %

No. of Pages 

145 Pages 

Segments covered 

By Battery Type, By Application, By Voltage Type, By Component, By End-user

Key Takeaways of Market Report

Global train battery market to generate absolute dollar opportunity worth US$ 448 million until 2034.Global train battery market is valued at US$ 269.3 million in 2023.Asia Pacific is forecasted to hold the largest share in 2023.

Train Battery Market: Growth Drivers 

The global demand for safer and more efficient transportation is rising due to the integration of advanced technologies like autonomous trains for public transit. These trains not only enhance safety and efficiency but also meet the need for sustainable urban mobility, creating new opportunities in the train battery market.Recognized for their efficiency and reliability in long-distance passenger and freight transport, railways are seeing significant government investments aimed at modernization and upgrades. This investment growth is focused on enhancing network infrastructure to improve overall efficiency and reliability in the railway sector.

Train Battery Market: Regional Landscape

In 2023, Asia Pacific held a significant share of the global train battery market due to the growing popularity of metro travel, increased investments in electrification projects, and government incentives promoting electric train adoption.The region’s market expansion is further driven by heightened awareness of environmental issues, such as air pollution and climate change, encouraging the shift towards more sustainable transportation solutions.

Explore Sample of the Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55077 

Train Battery Market: Key Players

ABB Ltd.GS Yuasa International Ltd.Hitachi Chemical co., ltd.HOPPECKE Batterien GmbH & Co. KG.Exide TechnologiesEast Penn Manufacturing CompanyC&D Technologies, Inc.TOSHIBA CORPORATIONChina Aviation Lithium Battery Co. Ltd.Leclanché SAEXIDE INDUSTRIES LIMITEDAmara Raja GroupVictron Energy B.V.

Train Battery Market: Key Players Development

In 2023, ABB introduced a new generation of high-capacity lithium-ion batteries designed specifically for rail applications. These batteries offer enhanced energy density, improved safety features, and longer life cycles, supporting the transition to more sustainable and efficient rail systems.In 2023, Hitachi Chemical developed an innovative solid-state battery technology for trains. This technology provides higher energy efficiency and greater thermal stability compared to traditional batteries, significantly reducing the risk of overheating and improving overall train performance and safety.

Train Battery Market: Segmentation

Battery Type

Lead-acid BatteriesConventional Lead-acid BatteriesValve Regulated Lead-acid BatteriesGel Tubular Lead-acid BatteriesNickel-cadmium BatteriesSinter/PNE Ni-Cd BatteriesPocket Plate Ni-Cd BatteriesFiber/PNE Ni-Cd BatteriesLithium-ion BatteriesLithium Iron PhosphateLithium Titanate OxideOthers

Application

Starter BatteriesAuxiliary Batteries

Voltage Type

Below 72V72V – 110V111V – 200VAbove 200V

Component

Battery CellsBattery ModulesBattery Management Systems (BMS)Thermal Management SystemsOthers (Connectors, Housing, etc.)

End User

LocomotiveElectric Multiple Units (EMU)Diesel Multiple Units (DMU)High-speed TrainsMetro Trains

Region

North AmericaEuropeAsia PacificMiddle East & AfricaLatin America

Gain Immediate Access to Detailed Market Insights Purchase Now: https://www.transparencymarketresearch.com/checkout.php?rep_id=55077&ltype=S 

Explore TMR’s related ongoing Coverage in Automotive Domain:

Automotive Roof System Market – The global market for automotive roof system was estimated to be worth a market valuation around US$ 29.3 billion in 2021. The market is anticipated to register a 5.1% CAGR from 2022 to 2031 and by 2031, the market is likely to reach US$ 48.3 billion.Automotive Bumper Market – The worldwide automotive bumper market is estimated to increase at a CAGR of 3.5% from 2023 to 2031 and reach US$ 16.6 Billion by the end of 2031.Traffic Equipment Market – The global traffic equipment market is estimated to grow at a CAGR of 5.6% from 2024 to 2034 and reach US$ 14.0 Billion by the end of 2034.Automotive Sensor Fusion Market – The global automotive sensor fusion market is estimated to advance at a CAGR of 23.7% from 2024 to 2034 and reach US$ 4.0 Billion by the end of 2034.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com   
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn | Twitter | Blog | YouTube

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/train-battery-market-size-expected-to-attain-usd-448-0-million-by-2034-with-4-6-cagr-exclusive-report-by-transparency-market-research-inc-302195969.html

SOURCE Transparency Market Research

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

MILESOPEDIA 2025 RANKINGS: The Best Programs, Credit Cards, and Bank Accounts in Canada to Amplify Your Purchasing Power

Published

on

By

MONTREAL, Jan. 9, 2025 /CNW/ – In an economic context where the rising cost of living heavily impacts households, personal finance is at the heart of Canadians’ concerns. To help them navigate this new year, Milesopedia, Canada’s leading platform for comparing credit cards and loyalty programs, publishes its grand 2025 Rankings of the Best Programs, Credit Cards, and Bank Accounts in Canada for the fourth consecutive year.

“2025 begins in an economy marked by the persistence of inflation and uncertainty contributing to the rising cost of living, making it essential to make the most out of every dollar spent. A good credit card can not only simplify payments but also enrich your daily life. Whether you want to reduce your everyday expenses, earn cash back on your essential purchases, gain access to airport lounges, or enjoy hotel upgrades, your credit cards can bring you much more than you might imagine. In the sea of banking offers, here is a ranking of cards and financial institutions that will allow you to maximize benefits according to your spending habits and needs. Too many Canadian consumers leave money on the table due to a lack of time or information. Our 2025 Rankings aim to democratize access to the best financial solutions and the rewards you deserve,” explains Jean-Maximilien Voisine, President and Founder of Milesopedia.

NOTABLE NEW ADDITIONS IN THE 2025 RANKINGS

The 2025 Rankings have been expanded to better represent the diversity of the Canadian market and are based on an in-depth analysis of 255 financial products (171 credit cards and 84 bank accounts), evaluated using over 190 criteria.

From this thorough review, Milesopedia has awarded:

22 awards for credit cards5 awards for banking services

New this year, 6 Milesopedia Community’s Choice Award were granted following a public vote conducted between December 1 and December 14, 2024:

2 credit cards, and4 loyalty programs.

The 2025 Rankings highlight notable changes, with new players emerging in the Milesopedia Community’s Favourite Categories.

Voted Best Travel Credit Card, the American Express Cobalt Card dominated the competition. It stands out for its generous rewards on dining and travel, offering an unparalleled travel experience for Canadians.

As for cash back Credit Cards, the Scotiabank Gold American Express Card has been recognized as the Best Cash Back Credit Card by the community. Offering 5% cashback on grocery and dining purchases, this card enables everyday savings while maximizing rewards.

New products also make their way into the rankings, highlighting the diversification of offers and the evolving expectations of consumers regarding flexibility and accessibility.

In the realm of preferred loyalty programs, the Aeroplan Program was recognized for its exclusive benefits and flexibility in earning and redeeming points, while the American Express Membership Rewards program stood out for its versatility and the wide range of reward options available.

Regarding bank accounts, the National Bank Checking Account for Newcomers was awarded Best Bank for Newcomers in Quebec, while the EQ Bank Personal Account was recognized as the Best Online Banking Account for its ease of access and lack of fees.

Discover our 2025 Rankings now and explore a selection of the best financial products on the market, including credit cards, bank accounts, and loyalty programs. A variety of options to meet the needs of every profile: families, travellers, students, entrepreneurs, and newcomers, with tangible benefits on everyday spending, travel, and financial management.

Press Room
https://milesopedia.com/en/about/press-releases/ 

Photos for release
Photo credit : Milesopedia (2025)
https://bit.ly/40oPRlW 

ABOUT MILESOPEDIA

Since its founding in 2015, the Montreal-based Fintech Milesopedia has established itself as the leading bilingual Canadian reference on loyalty programs, credit cards, and bank accounts (chequing and savings) offered to Canadians. Constantly sought after for its unique expertise, the company has experienced prosperous growth, particularly due to its advanced credit card and bank account comparison solutions, the most widely used in the country, reaching over 2 million unique consumers monthly through the Milesopedia Network, which includes nearly 15 partners: Protégez-Vous, François Charron, Educfinance, Dollars et cents | L’actualité, BB Jetlag, Retraite 101, Club Boomerang, Le Jeune retraité, NoovoMoi (Bell Media), InfoBref, The Canadian Jetsetter and RedFlagDeals (VerticalScope Inc.). Originally launched as a blog by Jean-Maximilien Voisine, an aviation and travel enthusiast, the team now includes 16 employees. The company makes financial products more accessible to consumers by simplifying financial literacy and promoting the responsible and profitable use of financial tools available in Canada.

SOURCE Milesopedia

Continue Reading

Technology

Senske Family of Companies Expands Southeast Presence with Acquisition of TurfPride

Published

on

By

DALLAS, Jan. 9, 2025 /PRNewswire/ — Senske Family of Companies (SFC) is proud to announce the acquisition of TurfPride, a leading provider of residential lawn care services in the Atlanta market. This strategic acquisition builds on SFC’s growing presence in the Southeastern United States, which began with the acquisition of Arbor-Nomics in 2024. TurfPride will now become part of the Arbor-Nomics portfolio, further solidifying SFC’s commitment to delivering industry-leading lawn care solutions in the region.

TurfPride has earned a reputation as a trusted name in lawn care, offering services tailored to the specific needs of Georgia’s unique landscapes and climate. Their offerings include lawn fertilization, weed control, aeration, overseeding, disease prevention, and tree and shrub care. With a customer-first approach and a dedication to excellence, TurfPride has been a key player in the Atlanta market, delivering customized treatment programs developed in collaboration with leading turf specialists from institutions like NC State, Clemson, and the University of Georgia.

“Expanding our Southeast operations through strategic acquisitions like TurfPride allows us to strengthen our footprint and bring best-in-class lawn care services to even more customers,” said Casey Taylor, CEO of Senske Family of Companies. “TurfPride’s expertise and dedication to their customers make them a perfect fit for the Arbor-Nomics portfolio. We’re excited to build on the strong foundation they’ve established and continue growing our presence in the Atlanta market and beyond.”

TurfPride will add an additional depot in Kennesaw to Arbor-Nomics’ existing locations in Norcross, Marietta, Cumming, Winder, and Douglasville, GA. This acquisition highlights SFC’s broader strategy to expand in key markets while maintaining the exceptional service and trusted reputation customers expect.

About Senske Family of Companies: Since securing investments from the private equity firm GTCR, the Senske Family of Companies has completed eighteen acquisitions. Senske serves customers in sixteen U.S. states as well as Canada and remains committed to its international expansion strategy by actively seeking partnerships with distinguished home services companies. 

More on Senske’s M&A process can be found at www.senske.com/why-senske/mergers-and-acquisitions/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/senske-family-of-companies-expands-southeast-presence-with-acquisition-of-turfpride-302346344.html

SOURCE Senske Services

Continue Reading

Technology

West Academic, A BARBRI Company Partners with The American Law Institute to Elevate Legal Education Resources

Published

on

By

DALLAS, Jan. 9, 2025 /PRNewswire/ — West Academic, a BARBRI company, the leading provider of legal education content and digital learning tools, has added a valuable new addition to its subscription offerings: The American Law Institute Collection. In partnership with The American Law Institute (ALI), this collection offers law schools access to official texts and Tentative Drafts of Restatements, Principles, and the Model Penal Code. The ALI Collection is available as a supplement to the West Academic Study Aids & Reference Collection, providing comprehensive support for legal education.

“We’re excited to partner with ALI to deliver their content with the West Academic Study Aids & Reference Collection. The user-friendly eReader format our platform provides will make it easier for law librarians, faculty, and students at subscribing schools to access this valuable content and incorporate it into their research, teaching, and studies. Our team has loved working with ALI and looks forward to continued collaboration,” said Pamela Siege Chandler, Chief Content and Learning Officer at BARBRI.

The inclusion of ALI’s collection with West Academic’s digital platform means access to critical legal texts with greater ease and convenience. The ALI Collection includes comprehensive resources fundamental to understanding and interpreting the law, such as Restatements of the Law, Principles of the Law, and the Model Penal Code.

“We are thrilled the published books and Tentative Drafts of The American Law Institute’s Restatements, Principles, and the Model Penal Code are now available through West Academic’s Study Aids Collection,” said ALI Director Diane P. Wood. “A core component of our mission is to clarify the law, and now students embarking on their legal education will have easy access to our current library to assist in their studies.”

Wood continued, “While our work in Torts, Contracts, Property, and other areas has long been a cornerstone of legal education, this partnership ensures law schools have convenient electronic access to not only our published books but also our works in progress, including Tentative Drafts on crucial subjects like Children and the Law, Copyright, and Corporate Governance.”

This partnership aligns with BARBRI’s ongoing commitment to providing comprehensive and accessible legal education resources. By including ALI’s texts alongside its digital learning platform, West Academic continues to support the academic and professional growth of law students, equipping them with the essential resources needed for success in the legal field.

For more information about the ALI Collection or to learn more about subscription options, please contact your West Academic Account Manager.

About The American Law Institute
The American Law Institute is the leading independent organization in the United States producing scholarly work to clarify, modernize, and improve the law. The ALI drafts, discusses, revises, and publishes Restatements of the Law, Model Codes, and Principles of Law that are influential in the courts and legislatures, as well as in legal scholarship and education. By participating in the Institute’s work, its distinguished members have the opportunity to influence the development of the law in both existing and emerging areas, to work with other eminent lawyers, judges, and academics, to support the rule of law and the legal system, and to contribute to the public good. For more information about The American Law Institute, visit www.ali.org.

About West Academic, A BARBRI Company
In 2021, BARBRI acquired West Academic. West Academic offers industry-leading legal education materials and digital learning resources for law schools. Rooted in a rich history of legal expertise and innovation, West Academic delivers trusted resources that support faculty instruction and enhance student learning.

BARBRI is the global leader and largest provider of tech-enabled legal learning solutions for law students, law schools, universities, professionals, law firms, and organizations.

BARBRI has been the number one brand in legal education for over 50 years and has forged a trusted relationship with more than 1.5 million legal professionals around the world. BARBRI’s ongoing commitment to innovation in technology, learning science, and expert content and curriculum — developed by renowned experts — empowers global legal learners at every step of their career journey. From helping aspiring lawyers prepare for the LSAT and succeed in law school, to delivering effective U.S. Bar and SQE preparation courses and a lifetime of legal education through professional development courses, BARBRI’s exceptional resources, data insights, and personalized support help legal learners, law schools and organizations achieve their goals and provide excellent learner outcomes.

BARBRI is headquartered in Dallas, Texas, with offices in the United States and United Kingdom.

For more information, please visit www.barbri.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/west-academic-a-barbri-company-partners-with-the-american-law-institute-to-elevate-legal-education-resources-302346430.html

SOURCE BARBRI

Continue Reading

Trending