Battery Passport Market

The report "Battery Passport Market by Industry (Automotive, Energy & Utility, Off-Highway/Industrial), Battery Type (Lithium-ion, Lead-acid, Sodium-ion), Technology (Blockchain, Cloud, IoT & AI-integrated), End User, Business Model, Region - Global Forecast to 2035" The battery passport market is projected to reach USD 2.35 billion by 2035, from USD 0.15 billion in 2025, with a CAGR of 32.1%. The adoption trajectory of battery passports is shifting from a compliance-driven to a value-driven model. In 2025, the focus remains on compliance and preparation, primarily among Tier-1 suppliers and OEMs in Europe and North America, as they strengthen their IT and data infrastructures ahead of regulatory enforcement under the EU Battery Regulation. This stage is dominated by pilot projects and the establishment of interoperability standards through initiatives such as CEN/CENELEC and Catena-X DataSpace. By 2030, battery passports will have transitioned into a mandatory market access requirement, with the EU regulation mandating passports for EV and industrial batteries above 2 kWh. This will trigger rapid adoption, making compliance fundamental for participation in the European market.

Browse 120 market data Tables and 80 Figures spread through 210 Pages and in-depth TOC on "Battery Passport Market by Industry (Automotive, Energy & Utility, Off-Highway/Industrial), Battery Type (Lithium-ion, Lead-acid, Sodium-ion), Technology (Blockchain, Cloud, IoT & AI-integrated), End User, Business Model, Region - Global Forecast to 2035 "
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Lithium-ion is expected to be the largest segment by battery type during the forecast period.

Lithium-ion remains central to battery passport integration due to its scale across EVs, industrial systems, and stationary storage. A mature production ecosystem, higher oversight on sourcing and carbon metrics, and increased end-of-life requirements are accelerating the shift toward structured traceability frameworks. As EV penetration increases and manufacturers scale higher-energy-density chemistries such as lithium-ion and LFP, lithium traceability becomes essential for responsible sourcing, emissions disclosure, and alignment with tightening regulatory norms. Its designation as a strategic mineral by multiple governments heightens the need for standardized digital passports that verify origin, processing stages, and lifecycle impact to support ESG validation and cross-border compliance. Leading manufacturers, such as CATL, LG Energy Solution, and Panasonic, are implementing blockchain-based passports that align with Regulation (EU) 2023/1542, supported by structured compliance and digital reporting systems. This allows the lithium-ion value chain to serve as the baseline architecture for cross-regional data alignment and operational consistency. It also provides OEMs and storage operators with a unified model to streamline reporting, reduce compliance exposure, and support scalable verification workflows across global supply networks. Future demand trends further consolidate lithium’s role in the battery passport ecosystem as consumption accelerates across grid storage, commercial fleets, industrial applications, and residential systems. As supply chains expand and competition for high-grade lithium intensifies, stakeholders are increasingly depending on battery passports to authenticate sustainability indicators, recyclability performance, and regulatory compliance.

IoT & AI-integrated battery passport is expected to be the fastest-growing segment by technology during the forecast period.

IoT and AI are emerging as strategic enablers for high-fidelity battery passports, giving enterprises a continuous, data-driven view of asset performance and compliance readiness. Embedded IoT modules deploy multi-sensor stacks that capture charge-rate gradients, impedance spectra, thermal propagation profiles, and micro-cycle stress signatures, routing encrypted data streams directly into cloud-linked battery-passport infrastructures. AI pipelines perform feature extraction, signal conditioning, and anomaly scoring to validate telemetry integrity and convert raw inputs into standardized battery passport fields, such as SOH/SOE projections, degradation coefficients, warranty-risk indices, carbon-intensity values, and sourcing validation outputs. This linkage ensures that operational, sustainability, and provenance data remain machine-readable and audit-ready under US, EU, and Asian reporting schemas. Growth is further accelerating as regulators mandate continuous, API-based lifecycle reporting rather than episodic submissions. Companies leverage IoT and AI-integrated battery passport stacks to reduce diagnostic workload, optimize predictive maintenance programs, strengthen second-life valuation models, and maintain authenticated data trails across deployment, repurposing, and recycling stages. The combined architecture stabilizes safety monitoring, shortens response cycles, and serves as a scalable governance layer for end-to-end battery lifecycle management.

North America is expected to record the highest growth rate during the forecast period.

North America is building an integrated traceability architecture driven by regulatory alignment, industry collaboration, and digital infrastructure efforts that support interlinked compliance across markets. In 2023, the Global Battery Alliance developed unified sourcing, ESG, and carbon data guidelines that have since become reference points for stakeholders in the US and Canada. That same year, Glencore, CMOC, and ERG’s ReSource platform demonstrated mine-to-cell tracking through Tesla-associated pilots, strengthening upstream material visibility for regional battery plants. In 2024, a Canada-driven program involving OPTEL, Delphi, Norda Stelo, and the Battery Metals Association of Canada (BMAC) moved forward with an auditable ESG and GHG reporting framework tailored to domestic NMC supply chains. Simultaneously, the US National Institute of Standards and Technology (NIST) initiated technical evaluations of digital battery passport models, focusing on lifecycle reporting, data integrity, and circular flow pathways. Corporate integration is also progressing. In 2024, Volvo EX90 partnered with Circulor to deploy a battery passport delivering verified inputs on sourcing, carbon metrics, and asset condition, aligned with US disclosure expectations. Collectively, these efforts position North America as a technically prepared and scalable environment for the rollout of battery passports across the EV and energy storage sectors.

Key Players

The battery passport market is dominated by established players, including Minespider GmbH (Germany), AVL (Austria), Siemens (Germany), Circulor (UK), and Optel Group (Canada), among others. These companies manufacture and develop new connectors. They have also set up R&D facilities and offer best-in-class products to their customers.

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