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

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6 months ago

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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.

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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.

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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

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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.

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Technology

TriNetX’s Founding CEO Announces Plans to Step Down

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January 9, 2025

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After 11 Years, Gadi Lachman to Conclude Operating Role, Remain on TriNetX’s Board

CAMBRIDGE, Mass., Jan. 9, 2025 /PRNewswire/ — TriNetX, the largest global source of real-world data, today announced that Gadi Lachman, the Company’s Founder, President and CEO, will step down from his operating role on March 31, 2025. Gadi founded TriNetX in 2014 and has served as President and CEO in the succeeding 11 years. Gadi will continue to serve on TriNetX’s Board of Directors and will be an Advisor to Carlyle, TriNetX’s majority investor.

“It has been an honor to build TriNetX and be part of such an outstanding team. I want to thank TriNetX’s employees, customers, and shareholders for the support they have shown me. With the talent and passion of our people I am immensely confident in TriNetX’s continued success,” said Lachman. “Together, we have built the largest global platform for clinical research, with data from over 25 countries and tens of millions of queries a month. Our solutions are moving clinical research to a whole different level and saving lives on a massive scale, across all therapeutic areas.”

During the transition period, Jeff Margolis, a current TriNetX Director, will serve as Executive Chairman to ensure continuity in leadership and governance while a CEO search is conducted.

Margolis said, “I have had the distinct privilege of serving on the Board alongside Gadi and partnering with him for 11 years. On behalf of the Board, we thank Gadi for shaping and leading TriNetX to become the world’s top ecosystem of real-world data and real-world evidence serving life sciences and the broader healthcare industry. I look forward to working with him and the rest of the Board over the next months to execute a successful transition of leadership.”

Joe Bress, Partner and Global Co-Head of Healthcare for Carlyle, TriNetX’s lead investor, added, “We have been thrilled to partner with Gadi since our initial investment in TriNetX over four years ago. Thanks to his disciplined leadership, TriNetX is one of the few companies that has sustained profitability even during periods of high growth. Gadi has built the company up to an exciting point, paving the way for a new leader to take the business into its next chapter of growth and success.”

Through this leadership transition, TriNetX remains steadfast in its mission to advance global healthcare through the power of real-world data. The Board, leadership team, and employees are united in their commitment to driving continued innovation and delivering success for customers and partners, all while building on Gadi’s exceptional legacy.

About TriNetX, LLC

TriNetX is a global network of healthcare organizations and life sciences companies dedicated to advancing real-world research and expediting the development of new therapies. Through its self-service, HIPAA-, GDPR-, and LGPD-compliant platform of federated deidentified and anonymous electronic health record datasets and consulting partnerships, TriNetX empowers its global community to improve clinical trial protocol design, streamline trial operations, refine safety signals, and enrich real-world evidence generation. For more information, please visit TriNetX at www.trinetx.com or follow TriNetX on LinkedIn.

Media Contact
TriNetX
Michelle Fleming, Chief Marketing Officer
Email: Michelle.Fleming@TriNetX.com

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Stellus Private Credit BDC Announces $0.36 First Quarter 2025 Regular Dividend, Payable Monthly in Increments of $0.12 in January, February, and March 2025

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26 minutes ago

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January 9, 2025

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HOUSTON, Jan. 9, 2025 /PRNewswire/ — Stellus Private Credit BDC (“the Company”) announced that its Board of Trustees has declared a monthly dividend of $0.12 for each of January, February, and March, totaling $0.36 per share in the aggregate for the first quarter of 2025. The regular dividend of $0.36 per share will be paid to shareholders of record in January, February, and March 2025.

Summary of First Quarter 2025 Regular Monthly Dividends

Declared

Record Date

Payment Date

Amount per Share

1/9/2025

1/10/2025

1/31/2025

$0.12

1/9/2025

2/3/2025

2/28/2025

$0.12

1/9/2025

3/3/2025

3/31/2025

$0.12

About Stellus Private Credit BDC

The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche) loans, second lien loans and unsecured debt financing, with corresponding equity co-investments. The Company’s investment activities are managed by its investment adviser, Stellus Private BDC Advisor, LLC.

Forward-Looking Statements

Statements included herein may contain “forward-looking statements” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release, including statements about COVID-19 and its impacts, may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stellus Private Credit BDC
W. Todd Huskinson, Chief Financial Officer
(713) 292-5414
thuskinson@stelluscapital.com

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SOURCE Stellus Private Credit BDC

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MongoDB, Inc. to Present at the 27th Annual Needham Growth Conference

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26 minutes ago

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January 9, 2025

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.

The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcast will also be available for a limited time.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB PR
press@mongodb.com

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SOURCE MongoDB, Inc.

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