Lewes, DE -- (SBWIRE) -- 10/10/2016 -- Report forecast the global battery market for railways to grow at a CAGR of 3.8% during the period 2016-2020.

Railway batteries are generally used for rolling stock or stationary applications. Rolling stock batteries are used for starting locomotives, lightings, and on-board auxiliary systems used in engines and coaches; whereas, stationary batteries are used as emergency backup power for railroad crossings, signal towers, and signaling systems.

The report covers the present scenario and the growth prospects of the global battery market for railways for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the key drivers for market growth will be Significant investment initiatives in public transit systems by many countries worldwide have helped to boost the market growth for rolling stock. Electric train networks are excellent alternatives to road transportation networks and airways that are prone to congestion. The plunge in fuel prices is also prompting an increase in number of people to choose trains over road or air transports.

Further, the report states that one of the challenges for the market will be slow progress of railway projects. The railway sector in many developing and developed countries is solely government-owned and not privatized. For instance, the Indian Railways is owned and managed by the government of India. As some of these government entities or public sector establishments are enduring huge losses, they are unable to take up new railway infrastructure growth projects. The deficit financing in the railway sector affects the market negatively, as the sector is experiencing losses and will not be able to take new loans to finance railway infrastructure projects.

Global Battery Market for Railways 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global battery market for railways: EnerSys, Exide India Limited, Exide Technologies, HBL, and Saft.

Other Prominent Vendors in the market are: Amara Raja, HOPPECKE, GS Yuasa, and Quallion LLC.

Market driver
- Rise in railway electrification projects to reduce fuel import
- For a full, detailed list, view our report

Market challenge
- Economic uncertainty and railway transport hit by oil price collapse
- For a full, detailed list, view our report

Market trend
- Emergence of new energy technologies to transform railway industry into clean energy mode
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 67 pages "Global Battery Market for Railways 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-users, Market segmentation by battery type, Market segmentation by geography, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-battery-market-railways-2016-2020

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