Press release
Battery Passport Market Size Expected to Reach US$ 734 Million at a CAGR of 23.2% by 2035: Fact.MR Report
Battery Passport Market
A battery passport is a digital profile that captures detailed information about a battery's lifecycle-from its manufacturing and technical specifications to its performance metrics, carbon footprint, and compliance with safety and environmental standards. This digital tool enables end-to-end traceability across the battery value chain, facilitating more efficient maintenance, repair, recycling, and disposal. By supporting transparency and promoting circular economy practices, battery passports are becoming essential to global sustainability and regulatory initiatives.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10794
What are the Drivers of the Battery Passport Market?
The growing global focus on sustainability and circular economy practices is a key driver of the battery passport market. As stakeholders-including investors, regulators, and consumers-demand greater transparency into product lifecycles, battery passports offer a trusted solution by providing verified data on ethical sourcing, use of recycled materials, and overall environmental impact.
Government regulations and policy frameworks are further accelerating market growth. Key initiatives such as the EU Green Deal, the Inflation Reduction Act in the U.S., and various international climate commitments are promoting extended producer responsibility (EPR), offering incentives, grants, and R&D support for traceability technologies. A major regulatory catalyst is the European Union's Battery Regulation (2023/1542), which mandates that electric vehicle (EV), light means of transport (LMT), and industrial batteries over 2 kWh must include a digital battery passport starting February 2027. This legal requirement is pushing battery manufacturers and supply chain participants to adopt digital traceability systems, thereby fueling the rapid expansion of the battery passport market.
What are the Challenges and Restraining Factors in the Battery Passport Market?
A key challenge facing the battery passport market is the lack of a unified global standard. While the European Union has established a regulatory framework through Regulation 2023/1542, other countries are either developing their own standards or lack clear guidelines altogether. This regulatory fragmentation risks creating non-interoperable systems, which adds complexity for global battery manufacturers and may hinder widespread adoption due to increased compliance burdens and system incompatibilities.
Another major restraint is intellectual property (IP) protection. Battery passports require deep traceability-often down to the mine-site level-but disclosing sensitive data such as cathode chemistries, supplier contracts, and proprietary performance algorithms raises serious confidentiality concerns. Although advanced technologies like zero-knowledge proofs can help share essential information securely, these methods are still unfamiliar to many legal and compliance teams. This knowledge gap can cause delays in implementation and increase hesitation among stakeholders, slowing down industry adoption.
Competitive Analysis
Key players in the battery passport market include Circularise, Circulor, Minespider, RCS Global, IOTA, OPTEL GROUP, and Kezzler. These companies are pioneering digital platforms that enhance traceability, transparency, and sustainability throughout the battery supply chain.
Market momentum is being driven by regulatory frameworks such as the EU Battery Regulation, growing scrutiny around ethical sourcing, and increased consumer and investor demand for verified environmental performance. These factors are pushing stakeholders to adopt digital battery passports that capture and share critical lifecycle data, including material origins, carbon footprint, and compliance credentials.
Strategic partnerships are a key factor in driving market growth. Collaborations among technology providers, OEMs, recyclers, and mining companies are enabling faster integration of battery passports into commercial products. These alliances help companies develop scalable and interoperable digital passport systems, advancing industry standards and accelerating time to market. As digital traceability becomes central to battery regulation and supply chain accountability, these players are well-positioned to lead the transformation toward a more transparent and circular battery economy.
Recent Developments
In October 2024, ChargeZone unveiled its Battery Passport System, a digital platform designed to deliver complete lifecycle data for electric vehicle (EV) batteries. Developed using Industrial IoT 5.0, the system enhances transparency, facilitates battery recycling, and supports a Battery-as-a-Service model for commercial EV fleets. This initiative aligns with India's circular economy goals and the country's push toward renewable energy adoption.
In June 2024, Volvo launched the world's first EV battery passport, setting a new benchmark for digital transparency in electric mobility. Introduced with its EX90 SUV, the passport tracks key information such as battery materials origin, carbon footprint, and recycling metrics. This innovation reinforces Volvo's commitment to sustainability and prepares the company to meet upcoming EU Battery Regulation requirements, while promoting responsible supply chain practices in the automotive sector.
Browse Full Report: https://www.factmr.com/report/battery-passport-market
Segmentation of Battery Passport Market
By Battery Type :
Lithium-Ion Batteries
Lead-Acid Batteries
Sodium-Ion Batteries
Flow Batteries
Others (nickel-metal hydride (Ni-MH), nickel-cadmium (Ni-Cd), and solid-state batteries)
By Solution Type :
Traceability
Digital Platforms
Auditing and Verification Services
By End-User :
Battery Manufacturers
Automotive OEMs
Recyclers
Governments
Consumers
By Region :
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
Middle East & Africa
Check out More Related Studies Published by Fact.MR:
Projector Lamps Market
https://www.factmr.com/report/1663/projector-lamps-market
Standalone Trackpad Market
https://www.factmr.com/report/standalone-trackpad-market
Rodder Machine Market
https://www.factmr.com/report/rodder-machine-market
Virtual Schools Market
https://www.factmr.com/report/virtual-schools-market
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Battery Passport Market Size Expected to Reach US$ 734 Million at a CAGR of 23.2% by 2035: Fact.MR Report here
News-ID: 4075451 • Views: …
More Releases from Fact.MR
Corrosion under Insulation Monitoring Market is Projected to Reach USD 475.2 Mil …
The global corrosion under insulation (CUI) monitoring market is valued at USD 140 million in 2025 and is projected to grow at a CAGR of 13.0%, reaching USD 475.2 million by 2035. This expansion reflects the increasing need for advanced monitoring solutions in industries like oil & gas, chemical, and power, where CUI poses significant risks to infrastructure integrity. Historical growth from 2020 to 2024 was at a CAGR of…
Modular Biometric Access Control Terminals Market Valued at US$ 1.3 Billion in E …
Modular Biometric Access Control Terminals Market is projected to grow from USD 11.3 billion in 2025 to USD 31.4 billion by 2035, expanding at a CAGR of 10.8% during the forecast period. This significant growth is driven by advancements in technology, transitioning from manual lock systems to electronic entry systems, and the widespread adoption of modular biometric terminals for enhanced security. These systems are increasingly vital in commercial, residential, and…
U.S. Patient Positioning System Market Growth Supported by Rising Diagnostic and …
The U.S. patient positioning system market was valued at USD 228 million in 2024 and is projected to grow at a CAGR of 4.5% from 2025 to 2035, reaching USD 370 million by the end of the forecast period. This growth represents an absolute dollar opportunity of USD 131.6 million, driven by increasing surgical procedures, technological advancements, and rising healthcare needs. Historically, the market expanded at a CAGR of 4.0%…
Mixed Mode Chromatography Resin Market is Projected to Reach USD 743 Million and …
Mixed mode chromatography resins market is valued at USD 172 million in 2025 and is projected to grow at a CAGR of 15.7%, reaching USD 743 million by 2035. These resins use multimodal ligands, enabling protein binding through ionic, hydrogen bonding, and hydrophobic interactions, offering improved selectivity, resolution, and capacity compared to single-mode systems. This growth is driven by the increasing demand for sophisticated purification methods in biologics and biosimilar…
More Releases for Battery
Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)…
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
