Train Battery Market Size, Share, and Trends [2030]
The train battery market size is projected to grow from USD 277 million in 2023 to USD 378 million by 2030, at a CAGR of 4.6% from 2023 to 2030. The demand for the train battery market is driven by rapid urbanization leading to increased public transport, and demand for long-distance rail journeys is expected to boost the train battery market. Further, the growing number of high-speed trains with...
Train Battery Market Set to Reach $378 Million by 2030
The global train battery market is projected to grow from USD 277 million in 2023 to USD 378 million by 2030 at a CAGR of 4.6% from 2023 to 2030.
The growth in the train battery market is primarily driven by factors such as development in the rail network, strengthening emission norms, and growing operating costs of the urban rail network, which are considered the most significant drivers of the...