Train Battery Market To Grow At A Cagr Of 5.45% From 2022 To 2027; Implementation Of Iot And Big Data To Be A Major Trend In The Market

The global train battery market size is estimated to grow by USD 179.11 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.45% during the forecast period. Implementation of technologies such as IoT and big data is the leading trend in the train battery market. Railway systems across the globe generate vast volumes of big data, which is crucial for improving passenger safety and the efficiency of station and freight operations with the help of interconnected stakeholders.