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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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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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Eficode receives Atlassian Partner of the Year 2026 for Software Solutions

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Eficode has been named Atlassian Partner of the Year 2026 for Software Solutions, recognizing performance in new business development, thought leadership, and delivering solutions that complement Atlassian’s offering.

HELSINKI, May 5, 2026 /PRNewswire/ — Atlassian announced today that Eficode has been awarded the Atlassian Partner of the Year 2026 for Software Solutions in recognition of their exemplary contributions and achievements throughout the calendar year 2025. This accolade acknowledges exceptional performance in new business development, thought leadership, and the delivery of products and services that effectively complement Atlassian’s offerings.

Eficode was among the select group of partners honored at the annual Atlassian Partner of the Year awards, in recognition of their sustained commitment and outstanding customer engagement.

“Our Partner of the Year winners represent the very best of our ecosystem—driving innovation, delivering cutting-edge solutions, and demonstrating an unwavering commitment to customer success. We are proud to celebrate their achievements and recognize the incredible impact they’ve made in helping customers unlock their full potential with Atlassian,” said Bill Hustad, Head of Channel and GTM Ecosystems at Atlassian.

“This recognition reflects the trust our customers place in us and the dedication of our teams every day. We focus on helping organizations use AI in the software development lifecycle and build effective software tooling that supports real business outcomes. It’s rewarding to see the impact this has on our clients’ success, and we’re excited to keep building on that with Atlassian,” said Henri Hämäläinen, Chief Product Officer and Co-CEO of Eficode.

Eficode brings deep experience in AI-driven software development and building effective SDLC tooling that helps teams work smarter. They have supported organizations such as Air France–KLM, Supercell, and The Very Group in saving costs, future-proofing their environment for innovation, and building more efficient software processes and better customer experiences. Learn more about Eficode’s work with Atlassian solutions.

Media contacts
Henri Hämäläinen, CPO, Co-CEO at Eficode, henri.hamalainen@eficode.com, +358 50 487 3291
Simon Wood, CRO, Co-CEO at Eficode, simon.wood@eficode.com, +44 7920 002769

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eficode-oy/r/eficode-receives-atlassian-partner-of-the-year-2026-for-software-solutions,c4343859

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Bizcap launches Line of Credit in Europe to meet growing SME demand

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MUNICH, May 5, 2026 /PRNewswire/ — Small and medium-sized enterprises (SMEs) in Europe can now access up to €500,000 in funding thanks to a flexible, fast-turnaround line of credit offered by Bizcap.

The Line of Credit is designed to help businesses manage cash flow, respond to seasonal pressures, and act on growth opportunities. The new facility offers set-up within two to three days, followed by ongoing access to funds as needed.

Bizcap’s Business Line of Credit gives SMEs a more adaptable funding solution than many traditional lending products, with flexible drawdowns and repayments aligned to business cash flow. Businesses only pay for the funds they use, and once the facility is in place, they can access capital as needed without having to reapply each time.

The launch comes as Bizcap builds on a strong start in Europe, following its launch into Luxembourg in July 2025, then expanding lending into Germany in October 2025, where it facilitated more than €4 million in funding in its first month of lending. Bizcap has described Germany as its most successful international expansion to date, underlining strong product-market fit and the effectiveness of its partnerships-led strategy in Europe.

“Europe has responded favourably to Bizcap’s fast, flexible and transparent approach to funding, and that’s exactly why this Line of Credit launch matters,” said Laura Schlag, Managing Partner for Bizcap Europe.

“Our early traction in Luxembourg and Germany showed us there is clear demand from SMEs for funding that moves at the speed of business. With our Line of Credit, businesses can access capital when they need it, use only what they need, and stay in control of their cash flow.

“For many SMEs, funding needs don’t arrive in one neat moment. They ebb and flow with stock purchases, supplier payments, payroll, tax obligations, and growth opportunities. This product is designed to meet that reality with flexibility, speed and clarity.”

Bizcap’s Line of Credit has already proven itself in other international markets, where the product has seen strong uptake from SMEs seeking reliable working capital and repeat access to funding. Its expansion into Europe reflects Bizcap’s broader strategy to bring practical, flexible business finance to underserved SME markets.

Albert Gahfi, Bizcap’s Global Co-CEO, said the launch of Line of Credit in Europe reflects both market demand and Bizcap’s confidence in the region’s long-term potential.

“We’ve seen in Luxembourg and Germany just how strongly SMEs and partners respond when funding is fast, transparent and built around real business needs,” he said.

“Launching our Line of Credit in Europe is a natural next step. It gives businesses an ongoing source of capital they can draw on as opportunities arise, without the friction of starting from scratch each time.

“Our model is built to move quickly, but it’s also built to understand businesses properly. We look beyond rigid scorecards and assess overall financial health, which means we can support a broader range of SMEs with practical, responsible funding solutions.”

This broader underwriting approach and Bizcap’s focus on overall business health are themes the company has highlighted in its European rollout.

Bizcap works closely with advisers, brokers and partners across its markets to help deliver funding solutions to a broader range of business clients. In Europe, that partnership-led approach has already played a major role in its early growth, where Bizcap says trust, credibility and strong broker relationships were key to its first-month results.

Bizcap is offering select advisers access to bring this solution to their clients. Interested advisers can email partners@bizcap.eu or become a partner via their website.

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Frost & Sullivan Recognizes Picus Security as the 2026 Global Company of the Year for Advancing Automated Security Validation

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Recognition highlights Picus for pioneering a unified, AI-driven approach that is reshaping the security validation market and delivering meaningful customer impact

SAN ANTONIO, May 5, 2026 /PRNewswire/ — Frost & Sullivan today announced that it has awarded Picus Security the 2026 Global Company of the Year recognition in the automated security validation industry. This recognition highlights Picus Security’s consistent leadership in delivering measurable security outcomes, advancing innovation, and driving customer impact in a rapidly evolving threat landscape.

Each year, Frost & Sullivan presents the Company of the Year recognition to an organization that demonstrates outstanding strategy development and implementation. The firm evaluates companies based on a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Picus Security excelled in both, aligning its long-term vision with enterprise security needs while executing efficiently at scale. The company’s strategic agility and sustained investment in autonomous exposure validation have enabled it to scale effectively across North America, Asia-Pacific, and other global markets, serving large enterprises across sectors such as BFSI, healthcare, government, and technology.

“Picus Security’s rapid growth, diversified revenue streams, expanding global presence, and strong partner ecosystem reflect a company entering a new phase of accelerated scale. Its platform breadth, enterprise adoption, and continued investments across integrations, alliances, marketplaces, and service providers position it to play a pivotal role in advancing the automated security validation market,” said Ying Ting Neoh, an industry analyst at Frost & Sullivan.

Picus Security continues to differentiate through a unified, AI-driven security validation platform that integrates breach and attack simulation, automated pentesting, and autonomous exposure validation to measure real exploitability, correlate siloed findings, and reveal the small fraction of exposures that truly matter. With evidence-based reporting, compensating control guidance, and always-up-to-date attack content, Picus Security transforms enterprise security validation into a continuous, automated, and intelligence-driven practice.

“We’ve entered the Post-Mythos and GPT-Cyber era. Frontier AI models can now write exploits and launch autonomous attacks against thousands of targets in parallel, yet most enterprises are still validating their defenses at human speed,” said Volkan Ertürk, co-founder and CTO of Picus Security. “That gap is no longer survivable with periodic pentesting or manual red teaming. It demands autonomous validation: continuous, AI-driven proof that your controls hold and your real exploitable paths are closed. Frost & Sullivan’s recognition affirms that Picus is leading this shift, and that the market is ready for it.”

Frost & Sullivan commends Picus Security for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, innovation pipeline, and customer-first approach are shaping the future of the automated security validation industry and enabling enterprises to manage cyber risk in dynamic environments proactively.

Learn more about Picus Security’s innovation at https://www.picussecurity.com/resource/blog/why-frost-sullivan-named-picus-2026-global-company-of-the-year

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.

Contact us: Start the discussion.

About Picus Security
Picus Security, the leading security validation company, gives organizations a clear picture of their cyber risk based on business context. Picus transforms security practices by correlating, prioritizing and validating exposures across siloed findings so teams can focus on critical gaps and high-impact fixes. With Picus, security teams can quickly take action with one-click mitigations to stop more threats with less effort. Offering Adversarial Exposure Validation with Breach and Attack Simulation and Automated Penetration Testing, working together for greater outcomes, Picus delivers award-winning, threat-centric technology that allows teams to pinpoint fixes worth pursuing.

Follow Picus Security on X and LinkedIn.

Frost & Sullivan Media Contact:
Tarini Singh
E: Tarini.Singh@frost.com

Media Contact
Jennifer Tanner
Look Left Marketing
picus@lookleftmarketing.com

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SOURCE Frost & Sullivan

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