Global ESS for Railways RBS (Regenerative Braking System) market will reach 63.97 million USD by the end of 2024

Publisher: QYResearch
Published Date: 2019/10/8

The Global ESS for Railways RBS (Regenerative Braking System) market is expected to reach $ 63.97 million by 2024
QYR analysts predict that the global ESS for Railways RBS (Regenerative Braking System) market is valued at 33.23 million USD in 2018 and is expected to reach 63.97 million USD by the end of 2024, growing at a CAGR of 11.53% between 2018 and 2024.

ESS for Railways RBS (Regenerative Braking System) Market: Types
According to the Segmentation of types, all the market of ESS for Railways RBS (Regenerative Braking System) can be divided as follows:
The first kind is Battery Energy Storage, it hold a comparatively larger share in global market, which accounts for about 78.69% in 2018.
The following is Ultracapacitor Energy Storage sharing the rest 21.31% market share in 2018.

ESS for Railways RBS (Regenerative Braking System) Market: Region
From the view of region, Europe have a larger market share in 2018 which account for 49.17%, and will witness a stable growth in following years. China hold a market share of 21.13% will still play an important role which cannot be ignored. Any changes from Japan, which share a 18.15% market share in 2018, might affect the development trend of ESS for Railways RBS (Regenerative Braking System). North America and the Rest of world also play important roles in global market, but it will witness the comparatively lowest growth rate within selected regions.

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