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

Apparel Manufacturing In New York City Offers 360 Design Support For Apparel Brands

Published

on

By

NEW YORK, Nov. 13, 2024 /PRNewswire/ — Apparel Manufacturing In New York City (AMI NYC) is excited to announce the launch of its comprehensive 360 Design Program. This innovative program is designed to empower retail stores and emerging start-up brands in the apparel industry by providing them with comprehensive support throughout the entire design and production process.

In today’s dynamic digital landscape, characterized by the meteoric rise of platforms like TikTok shops, apparel brands face unprecedented pressure to deliver impactful designs that resonate with discerning online consumers. Recognizing this critical need, AMI NYC has meticulously crafted the 360 Design Program to bridge the gap between creative vision and market success.

The 360 Design Program is a game-changer for new and aspiring apparel brands. AMI NYC’s deep understanding of the industry, coupled with its commitment to affordability, makes it the ideal partner for businesses looking to make their mark in the competitive world of fashion.

Here are just a few of the many ways the 360 Design Program can help your brand succeed:

Concept Development: Our team of experienced designers will work collaboratively with you to transform your initial ideas into commercially viable designs. From mood boards to technical sketches, we’ll ensure your vision is captured and translated into compelling apparel concepts.Technical Design & Pattern Making: Our skilled technicians will create precise patterns and technical specifications, ensuring your garments are produced to the highest standards of quality and fit.Sourcing & Sampling: We leverage our extensive network of trusted suppliers to source the finest fabrics and materials that align with your brand’s aesthetic and budget.Production Management: We oversee every step of the production process, from cutting and sewing to finishing and quality control, ensuring timely delivery of your collection.Marketing & Launch Support: Our marketing experts can provide guidance on branding, packaging, and go-to-market strategies, helping you effectively launch your new collection and reach your target audience.

Apparel Manufacturing In New York City (AMI NYC) is strategically positioned as a leading USA apparel production management company. For apparel brands seeking reliable and high-quality USA apparel production teams, Apparel Manufacturing In New York City (AMI NYC) stands out as the partner of choice.

The 360 Design Program is a testament to AMI NYC’s unwavering commitment to fostering innovation and empowering businesses in the apparel industry. By providing unparalleled support and expertise, AMI NYC is dedicated to helping brands thrive in today’s competitive market.

For more information about the 360 Design Program and to discuss your next apparel collection, please visit apparelmanufacturinginnyc.com.

Apparel Manufacturing In New York City (AMI NYC)

View original content:https://www.prnewswire.com/news-releases/apparel-manufacturing-in-new-york-city-offers-360-design-support-for-apparel-brands-302304685.html

SOURCE AMI NYC

Continue Reading

Technology

Shipt Announces Same-Day Delivery Offerings with The Fresh Market in Time for Holiday Season

Published

on

By

The Fresh Market launch brings exceptional products, restaurant-quality foods, and more to customers via Shipt’s reliable, high-quality delivery

BIRMINGHAM, Ala., Nov. 13, 2024 /PRNewswire/ — Shipt, the same-day delivery platform connecting customers to a delightful, curated assortment of retailers, is excited to announce its partnership with The Fresh Market, recognized by USA Today 10 Best Readers’ Choice Awards 2024 for best bakery, best deli, and best-prepared food. Shipt will now offer same-day delivery from more than 140 The Fresh Market locations across 22 states. First-time Shipt users can save $15 off orders of $50 or more at The Fresh Market with code FRESH15 on Shipt’s marketplace now through December 31.*

The addition of The Fresh Market’s assortment to the Shipt marketplace provides members with expanded access to high-quality fresh products, meal-ready foods, gifting options, plus alcohol** offerings at select stores. The Fresh Market’s dedication to excellent products and guest experience makes it a natural partner for Shipt and a top-tier offering for Shipt members. With locations across multiple states, members and customers can find out if their zip code includes The Fresh Market by visiting Shipt’s website or app and typing in their address.

“The Fresh Market will provide unique products, organic options, and delicious meal-ready items to our members and we are thrilled to have them join Shipt’s marketplace ahead of the busy holiday season,” said Katie Stratton, Shipt’s chief growth and strategy officer. “The addition of The Fresh Market marks another exciting opportunity for Shipt to emphasize our brand’s dedication to offering a curated, quality selection of top-notch retail options to our members.”

Ahead of the holidays, members can learn how The Fresh Market’s wide array of products can make their gatherings even more special, all powered by Shipt’s same-day delivery solutions. Shipt’s ‘Lists’ feature, which enables users to pre-select items for specific occasions or recipes and quickly add to their cart, and ‘Preferred Shopper,’ an industry-leading pairing feature, will make shopping The Fresh Market’s assortment even easier as members can focus on time with loved ones instead of running to the store.

“At The Fresh Market, our mission has always been to create an exceptional shopping experience with the highest quality products and unmatched service,” said Emily Turner, chief marketing officer for The Fresh Market. “Our partnership with Shipt, renowned for their guest-centric approach, allows us to extend this experience to our guests’ doorsteps with unparalleled convenience.”

New customers can enjoy Shipt’s same-day delivery service with a 14-day free trial.** For more information on Shipt and The Fresh Market, Inc., please visit shipt.com and thefreshmarket.com. 

About Shipt
Through easy-to-use technology and a network of workers who love to go above and beyond, Shipt connects personal shopping and delivery to 80% of households in more than 5,000 U.S. cities.  Shipt’s app and website offer consumers access to a variety of stores and product categories, including fresh foods, household essentials, wellness products, office and pet supplies. Shipt also helps power deliveries for retailers on orders placed on their own websites by leveraging Shipt Driven, a delivery-only last-mile offering. Shoppers and drivers on the Shipt platform are known for reliability and going above and beyond, including communicating in real time about preferences and substitutions.

Shipt is an independently operated, wholly owned subsidiary of Target Corp. Founded and headquartered in Birmingham, Alabama, Shipt also maintains an office in San Francisco. For more information, visit Shipt’s Newsroom.

About The Fresh Market, Inc.
Voted as the “Best Grocery Store in America” by USA Today’s 10 Best Readers’ Choice Awards in 2023, 2022 and 2021, “America’s Best Customer Service 2021” by Newsweek and Statista and a top 5 most trusted grocery retail brand for specialty and natural/organic foods in the 2022 BrandSpark Most Trusted Awards, The Fresh Market helps guests discover the best with time-saving meal solutions, unique ingredients, and delicious food for any occasion. From fresh produce and exceptional meat and seafood to signature baked goods and thousands of organic options, the specialty grocer has something to please every palate. The Fresh Market currently operates 160 stores in 22 states across the U.S., inspiring guests to discover new flavors and cook with confidence. For more information, please visit or follow the company on Facebook, Twitter, Instagram, TikTok and Pinterest.

*Offer expires 10/31/24 at 11:59 p.m. HT. First time Shipt customers place an order of $50 or more from The Fresh Market on Shipt marketplace, and input promo code FRESH15 at checkout to receive $15 off. Limit 1 use per promotional code. Promo code not valid for current Shipt members. Offer not valid for orders containing alcohol items. Offer is subject to Shipt Promotional Terms and Conditions.

**Orders with alcohol may incur a $7 alcohol fee. Alcohol delivery is available in select areas and varies by retailer. You must be 21 years of age or older with a valid ID to order or receive alcohol. Shipt credits cannot be applied to orders containing alcohol items. Alcohol inventory varies by retailer.

***Offer valid for new customers only, returning customers are ineligible. 14 day trial will renew at the applicable membership rate at the end of the trial. Cancellation available free of charge anytime during trial. Offer is subject to Shipt Promotion Terms and Conditions. Deliveries under $35 with a membership will incur a $7 fee. All orders with alcohol (where available) may incur a $7 alcohol fee. Service fees may apply and will vary by retailer and location. See Terms of Service. See Terms of Service.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shipt-announces-same-day-delivery-offerings-with-the-fresh-market-in-time-for-holiday-season-302304696.html

SOURCE Shipt

Continue Reading

Technology

St. Joseph’s Health Wins National Patient Safety Award

Published

on

By

Total Systems Safety assessment earns St. Joseph’s Health facilities the 2024 Safety Excellence Award from ECRI

PLYMOUTH MEETING, Pa., Nov. 13, 2024 /PRNewswire/ — ECRI, a global healthcare safety nonprofit organization, named St. Joseph’s Health the winner of the 2024 Safety Excellence Award, in recognition of numerous safety initiatives they successfully executed across two facilities in northern New Jersey.

St. Joseph’s Health aligned executive leaders and frontline staff to proactively complete the ECRI Total Systems Safety Assessment to capture a candid, comprehensive snapshot of the institution’s safety status, identify areas for improvement, fuel targeted action plans, and measure progress over time.

The annual Safety Excellence Award from the ECRI and ISMP Patient Safety Organization (PSO) recognizes outstanding patient safety initiatives and evidence-based strategies that improve safety-related outcomes.

“We are proud of the team at St. Joseph’s Health for embracing many of the principles that are foundational for a holistic approach to patient safety, like the Total Systems Safety framework and just culture for the workforce,” said ECRI Chief Medical Officer Dheerendra Kommala, MD. “Their commitment to involving leadership at all levels has been instrumental in driving impactful change that’s sustainable. This proactive, patient-centered approach sets a new standard that is grounded in transparency and successfully reduces preventable harm.”

“Our entire team has taken a hands-on approach to patient safety,” said Pam Upadya, MD, Patient Safety Officer and Interim Vice President, Physician Services, St. Joseph’s Health. “Our partnership with ECRI and their encouragement for us to undergo the safety assessment has aligned our institution completely with the most recent CMS guidelines for patient safety. We’re thrilled for the recognition of our vast efforts around safety excellence, which represents the heart of what we do.”

St. Joseph’s Health created core working groups to address each of the four principles in the Total Systems Safety Assessment: Culture Leadership, and Governance; Workplace Safety; Learning System; and Patient and Family Engagement. Multiple targeted action plans were developed for each category.

Inspired by the TSS assessment results, St. Joseph’s began holding quarterly institutional patient safety symposiums which focus on successful patient safety initiatives that can be celebrated as a learning opportunity throughout the healthcare system.

The action plans included other changes, such as a new Just Culture policy and education, safety improvement education plans, expanding the Patient and Family Advocacy Council, unit-based huddles, safety coaches, and engaging in learning systems and networks.

The safety team also began introducing “safety stories” into all leadership and board meetings to highlight staff’s positive actions related to safety and incident reporting. These efforts helped to shift the culture towards a focus on safety, transparency, communication across expert teams, and overall brought tangible safety actions to the forefront for senior leaders.

St. Joseph’s Health also won ECRI’s 2024 Healthcare Supply Chain Excellence Award for excellence in overall spend management and adopting best practice solutions into their supply chain processes. St. Joseph’s Health will be recognized for their safety award during the ECRI and ISMP PSO Annual Meeting on November 13.

Two additional ECRI partners were recognized with honorable mentions in the Safety Excellence Award.

Penn Medicine Lancaster General Health won ECRI’s Honorable Mention recognition for their work improving the Root Cause Analysis process for clinical safety events. This work led to faster response and investigation times, enhanced staff emotional wellbeing, and a reduction in safety events.

Hackensack Meridian Health won ECRI’s Honorable Mention for improving safety event reporting and quality processes across ten acute care hospitals.

Learn more about ECRI’s Safety Excellence Award.

About ECRI

ECRI and the ISMP PSO maintain the largest patient safety reporting and learning system—collecting and analyzing more than seven million patient safety events across 90 percent of the United States. 

ECRI is an independent, nonprofit organization improving the safety, quality, and cost-effectiveness of care across all healthcare settings. ECRI is the only organization worldwide to conduct independent medical device evaluations, with labs located in North America and Asia Pacific. ECRI is designated an Evidence-based Practice Center by the U.S. Agency for Healthcare Research and Quality and a federally certified Patient Safety Organization by the U.S. Department of Health and Human Services.

About ISMP

The Institute for Safe Medication Practices (ISMP) formally became an ECRI Affiliate in 2020. ISMP is the only 501c (3) nonprofit organization devoted entirely to preventing medication errors. ISMP runs the only national voluntary practitioner medication error reporting program, publishes newsletters with real-time error information, and offers a range of unique educational programs, tools, and guidelines.

About St. Joseph’s Health

Founded in 1867 by the Sisters of Charity of Saint Elizabeth, St. Joseph’s Health is a world-class hospital and healthcare network supported by more than 5,000 leading and renowned physicians, nurses and care teams. From its humble beginnings, St. Joseph’s Health has become one of the premier health systems in the state. The organization continues to evolve as the leading health resource in the community, the largest employer in Passaic County, and one of the largest providers of charity care in New Jersey.

The St. Joseph’s Health system is one of the leading clinical teaching and academic centers in the country, and has been recognized for its innovative programs and cutting-edge services. The health system operates a full continuum of care, including a regional tertiary care medical center (St. Joseph’s University Medical Center, Paterson), an acute care medical center (St. Joseph’s Wayne Medical Center, Wayne) a state-designated children’s hospital (St. Joseph’s Children’s Hospital, Paterson), an outpatient facility (St. Joseph’s Totowa Health Campus, Totowa), comprehensive home care (Visiting Health Services of New Jersey), and multiple ambulatory care centers located throughout Northern New Jersey. The system is further supported by St. Joseph’s Health Medical Group, which operates more than 100 physician medical and specialty practices across northern New Jersey.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-josephs-health-wins-national-patient-safety-award-302304504.html

SOURCE ECRI

Continue Reading

Trending