Train Battery Market Size, Industry Share and Forecast 2029
Train Battery Market Train Battery Market was estimated at USD 495 million in 2021 and is forecast to reach USD 743 million in 2029, growing at a CAGR 5.2% over the upcoming period. The factors driving the growth of Train Battery Market includes expansion of the rail networks around the world, growing adoption of autonomous trains, emerging need to reduce the carbon emissions and upgradation of mass transport systems such as metros and trains. According to the report published by Bloomberg, the Global Autonomous Train Market was calculated around USD 8.3 billion for 2022 and this figure is predicted to reach USD 12.3 billion by the end of 2030, expanding at a CAGR of 5.1% over the forecast period (2022-2030), which will boost the Train Battery Market size in the coming years. Moreover, growing demand for faster transportation systems, increasing adoption of advanced technologies in the railway industry such as Artificial Intelligence (AI), Internet of T...